Failing to create adequate tankage for ethanol supplied by sugar producing distilleries, oil marketing companies (OMCs) have started reallocating contracted quantities from several depots, which the distilleries had competed to obtain, to faraway depots in other states. This takes several days, resulting in huge financial losses to the distilleries. In a series of letters exchanged […]
Australian farmers will harvest a record amount of wheat during the 2020/21 season, the country’s chief commodity forecaster said, after heavy rains in the country’s key producing regions boosted yields. With harvesting nearly complete, output will total a record 33.34 million tonnes in the season ending in July 2021, the Australian Bureau of Agricultural and […]
It is often said that the next world war will be fought over water. Perhaps more than anywhere else, the stress on the water supply is likely to be felt in India as the country’s burgeoning population is set to overtake China’s over the next decade. The world’s second-most populated country has about 4% of […]
Leading agri-commodity bourse NCDEX is scheduled to launch futures trading in animal feed ‘Hi-pro soybean meal’ today on 17 February,2021. The futures contracts in Hi-pro soybean meal, expiring in the months of March to September will be available for trading at the time of the launch. The contract will have a trading and delivery unit […]
The Cotton Corporation of India (CCI) has sold around 1.28 crore bales of 170 kg each to millers and traders in the 2020-21 season. In addition to domestic sales, the CCI has also sold 30,000 bales to Bangladesh last week, Pradeep Agrawal, CMD of the CCI, told Financial Express. “CCI has sold almost all stocks […]
The Group of 20 major economies need to focus on broad-based vaccine rollouts and consider all financing options for deeply distressed countries, including an allocation of International Monetary Fund Special Drawing Rights (SDRs), IMF’s chief economist Gita Gopinath said. She also called for additional for poor countries who could “barely spend during this pandemic” and […]
South America’s adversity has turned out to be India’s blessing. Because of planting delays and the rains that have disrupted soyabean plantation and delayed harvest in south American countries like Brazil and Argentina, Soybean meal exports from India rose nearly six fold to 3.36 lakh tonnes during January because of higher demand in global markets. […]
India’s pulses production has increased significantly in the last few years, leading to a reduction in imports and an annual saving of Rs 15,000 crore in foreign exchange to the country, Agriculture Minister Narendra Singh Tomar said. Addressing a conference organised by Indian Institute of Pulses Research (IIPR) on World Pulses Day, the minister said […]
In the wake of farmers’ continuing agitation, and after having formed the relevant guidelines five months ago, the government of India is planning to set up nearly 500 Farmer Produce Organisations (FPOs) by the end of March this year. The target is to facilitate rolling out of 10,000 such bodies across the country by FY24. […]
State-run ports in the country, also known as ‘major ports’, will now get to determine the tariffs for various port-related services as well as the terms for private developers who team up with them. The Parliament passed the Major Ports Authority Bill, 2020. The new law will supersede a 1963 Act governing the country’s 12 […]
