Global 2021/22 wheat outlook for larger supplies, higher consumption – USDA

The initial global wheat outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and marginally higher stocks with supplies projected to increase 8.1 million tons to 1,083.7 million with production projected at a record 789.0 million tons, the U.S. Department of Agriculture said in its May WASDE report. “Higher production for Argentina, the […]

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Palm oil imports into India reduce by almost 23% as lockdowns dent demand

Indian edible oil refiners are reducing imports of palm oil for May and June 2021, as most states have imposed curbs on hotels and restaurants to arrest rising coronavirus infections. Industry people say this has drastically reduced institutional demand for cooking oil.  Lower imports by India, the world’s biggest buyer of the edible oil, could limit a rally […]

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Raw jute scarcity might force Indian government to spend Rs 2,000 crore more to procure bags

Skyrocketing raw jute prices in the ongoing 2020-21 season may put an additional burden of Rs 2000 crore on the government exchequer to procure environment-friendly jute bags for food grain packaging. The Centre and various agencies annually procure 10-12 lakh tonnes of jute bags valued at Rs 5,500 crore for packing food grain and sugar. […]

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Madhya Pradesh allows sale of soyabean seed outside state on pressure from Maharashtra

Madhya Pradesh, which had imposed restrictions on the sale of soyabean seeds outside the state, has revoked its order following protests by the Maharashtra government. The Maharashtra government had lodged a complaint directly with the Centre against the ban. Dilip Zende, director, quality control, Department of Agriculture, Maharashtra, told Financial Express that the order by […]

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Low sugar production in Brazil and Thailand indicate strong trend of sugar prices globally; to benefit Indian exports

Prices of sugar in the international market have picked up after estimates of declining production in Brazil, the world’s largest sugar supplier. Global sugar prices rose by 20 per cent in April 2021. This is likely to benefit sugar exports from India, sugar industry experts from India feel. Brazilian production is estimated to be almost […]

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Global coffee prices rally in April on anticipated output decline, signs of economic recovery

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Global coffee prices continued their upward trend in April, as the monthly average of the ICO composite indicator rose to 122.03 US cents/lb, 1.4% higher than in March 2021 and 12% higher than in April 2020, representing the sixth consecutive month of increase and the highest monthly average in over three and a half years, […]

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