Growth of liquid milk sales in India is not seen being impacted by a sharp fall in institutional demand for dairy products due to a pandemic-led lockdown in the first half of the year, according to a report by credit ratings agency ICRA. Speaking with indoasiancommodites.com, Gaurav Jain, Vice President (Corporate Ratings), ICRA, said household […]
China has started buying small quantities of rice from the world’s largest exporter of the grain, India, whose shipments are set to hit a record this year, a top industry official said. Vinod Kaul, executive director of All India Rice Exporters Association, said in an interview that the orders for shipments have been placed recently. […]
Production of two of the world’s main grain staples — wheat and rice — as well as coarse grains are set to increase this year despite the challenges posed by covid, the Food And Agriculture Organisation (FAO) said in its biannual report on global food markets. World rice production is set to reach 508.7 million tons […]
The global food import bill for this year is expected to remain close to last year’s level, and may even exceed it slightly due to higher prices of most food commodities in wake of the pandemic, the Food and Agriculture Organisation (FAO) said in a report. World food markets are showing surprisingly strong resilience despite initial […]
Indian Finance Minister Nirmala Sitharaman on Thursday announced financial outlays for 12 sectors, including a fertiliser subsidy as well as those for housing and infrastructure that will likely drive demand for key commodities. She said the announcement was the third instalment of Atma Nirbhar Bharat (Self Reliant India) programme that was meant to establish the country […]
China’s combined grain imports are forecast to hit a record high in 2020/21, stimulating the grain trade and driving up prices at a time most other commodities are struggling with the impact of covid, according to a U.S. Department of Agriculture (USDA) report. The rise in demand is supported by a strong recovery in consumption of […]
After being hit hard by the Covid-19 pandemic that saw India’s natural rubber production and consumption fall sharply, the industry is experiencing buoyancy once again as demand for tyres by the automobile sector and other non-tyre requirements continue to rise, Dr. K.N. Raghavan, Chairman and Executive Director, Rubber Board,Ministry of Commerce and Industry, tells indoasiancommodities.com […]
Global food prices continued rising for the fifth consecutive month in October, led by cereals, sugar, dairy and vegetable oils, according to a new report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index, which tracks international prices of the most traded food commodities, averaged 100.9 points in October 2020, […]
Global output in 2019/20 is estimated at 168.84 million bags, 2.5% lower than in 2018/19. Arabica output is estimated to decrease by 5% to 96.05 million bags while Robusta output is expected to rise by 1.1% to 72.78 million bags, the International Coffee Organization (ICO) said its ltest monthly report. The decrease in output, it […]
Despite two successive record seasonal harvests, food inflation in India remains stubbornly high, prompting the government to announce this week that it will be soon importing certain vegetables. While the inflation rate is expected to ease in coming weeks, prices are unlikely to fall drastically any time soon. Retail inflation rose to 7.3% in September — […]
