BUSINESS
Indian rice exporters taking risks as Bangladesh looks to import more
Bangladesh food department officials expect rice imports to top 20 lakh tonnes and India, the world’s largest rice exporter, stands to gain.
BUSINESS
Egg, chicken prices drop as bird flu outbreak unnerves consumers but no signs of panic yet
Avian influenza has been reported in Rajasthan, Kerala, Madhya Pradesh and Himachal Pradesh. The outbreak, however, is reported to be severe in Kerala, where more than one lakh birds, including ducks and chickens, were culled in Alappuzha and Kottayam districts on January 6.
BUSINESS
Yarn prices surge in India as supplies fail to match demand, inventories dry up
Garment makers in Tiruppur have urged the spinning mills and the Ministry of Textiles to ensure there was no problem in supplying yarn.
BUSINESS
Indian rice exporters start new year on a positive note as Vietnam buys after decades, Bangladesh lowers import duty
The 100 percent broken rice is priced lower than other grades by over $50 (Rs 3,650) a tonne and India, the world’s second-largest rice producer, is the most competitive destination for rice of such a grade.
BUSINESS
Lukewarm demand for Indian onion in global market as competitors take advantage of export ban
Since the Centre announced the lifting of the ban on December 28, prices have increased by Rs 600-750 a quintal in Maharashtra’s Nashik district, the hub of onion trade, for the new onions.
BUSINESS
Global agricultural commodities may rule firm on Chinese imports, weather-related developments
The global agricultural market will also be supported by the La Nina weather event, a global atmospheric-oceanic phenomenon caused by decrease in sea surface temperature in the Pacific Ocean.
BUSINESS
La Nina may lead to crop losses in Central, South-East Asia, Indian exports to gain
India stands to gain from the La Nina event in the neighbourhood, as it has large stocks of rice and wheat.
BUSINESS
Global cotton prices likely to gain on four-year low production, higher Chinese imports
Production in China and Australia were expected to increase, while in India, the world’s largest cotton grower, the output was likely to be the same as last year at 29.5 million bales.
BUSINESS
Tea Board turns down proposal to allow imports at lower duty
Demand for imports was made after tea production dropped 13 percent during January-October this year to 1.03 billion kg against 1.18 billion kg in the year-ago period.
BUSINESS
India’s maize exports at 6-year high on record imports by Bangladesh
Bangladesh has imported a record 6.18 lakh tonnes, valued at $122.25 million, till September.
BUSINESS
Steel prices in India may come under pressure as govt mulls ‘corrective’ steps
Steel companies have argued that they have been forced to raise prices as prices of iron ore, their primary raw material, have more than doubled since June and were currently costing them Rs 8,000 a tonne.
BUSINESS
Indian sugar exporters strike new deals after CCEA clears Rs 6,000 per tonne incentive
The deals have been struck at a premium of 130-140 cents a pound over New York price for raw sugar.
BUSINESS
Copper prices may rise further on Chinese demand, decarbonization efforts
Copper has gained nearly 25 percent year-on-year but since March-end, when it slipped to a low of $4,500 a tonne the metal has gained 75 percent.
BUSINESS
Explained | 5 reasons why prices of key commodities have jumped in recent weeks
Industrial metals such as copper, iron ore and palladium have seen a sharp rise so have crude and rice. Steel prices have risen 55 percent in India in the past six months, forcing the road transport minister to raise the issue with PM Modi.
BUSINESS
India’s coffee output seen at a 5-year high, growers smell good times ahead
Weather has been conducive, raising the hopes of stakeholders. This is particularly true for Karnataka, where the output is estimated to increase to 2.42 lakh tonnes compared with 2.03 lakh tonnes last season.
BUSINESS
Two Indian firms bag Bangladesh tender to import 1 lakh tonne non-Basmati rice
Bangla Tribune reported that the Sheikh Hasina Wazed Government’s Cabinet Committee on Government Purchase had last week cleared the purchase through the global tender costing $20.21 million.
BUSINESS
Sugar exports set to resume as CCEA approves Rs 6,000 per tonne incentive
The incentive, costing Rs 3,500 crore, would help export 60 lakh tonnes of sugar for the current season ending September next year.
BUSINESS
Sugar exporters keep a watch as cabinet expected to take a decision on subsidy today
The incentive for exports, which will boost shipments, could be given for 50-60 lakh tonnes of sugar, say sources.
BUSINESS
Despite payment delays in Iran, India’s basmati exports up 33%
In Iran, the biggest buyer of Indian basmati, payments were held up as the country’s central bank delayed allocation of the currency to traders to buy rice and other commodities.
BUSINESS
Potato prices crash in India as the new crop begins arriving in North India
The current protests by farmers, who have laid a siege to the national capital region of Delhi, have not had any effect on potato harvest.
BUSINESS
India's shrimp exports may slide 15% on container shortage, production woes
Exporters are facing an acute shortage of containers to load frozen shrimp. Almost 95 percent of cultured shrimp in the country is exported.
BUSINESS
Farmers' protest |3 reasons why prices of agricultural commodities have not spiked despite the stir
Most foodgrain prices have remained stable, while those of vegetables, especially kitchen staples like potato, onion and tomato, have declined in recent days.
BUSINESS
3 reasons why corrugated box makers have been hit by spike in kraft paper price
China has restricted waste paper shipments ahead of an import ban that has led to a spike in kraft paper exports to that country, causing a shortage in India.
BUSINESS
Soybean suffers extensive damage in Madhya Pradesh, production likely to be lower than estimates
Global soybean and soymeal prices have spurted in the last two months due to dry weather in Brazil that is feared to affect production.
