The year 2022 will be a challenging year for the Indian tea industry as the cost of production is higher than price realisation at the auctions, according to a report jointly prepared by Assocham and ICRA. The report said that FY2021 proved to be one of the best years of the Indian tea industry in […]
In November 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 195.17 US cents/lb, an increase of 7.5% as compared to 181.57 US cents/lb in October 2021, the International Coffee Organization (ICO) said in its latest monthly report. These price levels during coffee year 2021/22 mark […]
An unprecedented spike in the prices of natural gas and other raw materials is set to inflate the Indian government’s fertiliser subsidy bill by ~62% — or Rs 50,000 crore — to Rs 130,000 crore this fiscal, compared with a budgeted Rs 79,530 crore, ratings agency CRISIL said in a report, adding that this would […]
The barometer of food commodity prices in international markets rose for the fourth consecutive month in November, led by strong demand for wheat and dairy products, the Food and Agriculture Organization of the United Nations (FAO) reported. The FAO Food Price Index averaged 134.4 points in the month, its highest level since June 2011 and 1.2 percent […]
From south-west to north-east, a stretched monsoon has pushed vegetables in India into an unsavoury stew of high prices, ratings agency CRISIL said in a report, adding that any respite in the short-term will be a function of how it pours from here. “First came the erratic and often copious summer spells that delayed arrivals […]
World coffee consumption is resuming its steady growth of the last 10 years as before the outbreak of the Covid-19 pandemic, the International Coffee Organization (ICO) said in the latest monthly report. Consumption is projected to rise by 1.9% to 167.15 million bags in 2020/21 as compared to 164.02 million bags for coffee year 2019/20, […]
Countries need to make their agrifood systems more resilient to sudden shocks of the kind witnessed during the COVID-19 pandemic, which has emerged as a major driver of the latest rise in global hunger estimates, the Food and Agriculture Organization of the United Nations (FAO) said in a report, adding that without proper preparation unpredictable […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 145.7 million tonnes (Mt) in October 2021, a 10.6% decrease compared to October 2020, with China leading the way with a sharp decline. China produced 71.6 Mt in October 2021, down 23.3% on October 2020. India produced 9.8 Mt, […]
A rapid expansion of technologies and solutions that drive more efficient use of energy across the economy is necessary to keep global climate pledges within reach, according to an International Energy Agency (IEA) report, which urges governments to take the lead in mobilising the required increase in investment. Global progress on energy efficiency has recovered […]
After petrol and diesel, prices of vegetables are spoiling the party in the kitchens of India. Amid the sky-rocketing prices of edible oil and pulses, increase in vegetable prices is testing the Indian consumer’s tenacity like never before. Price of peas and tomatoes, which are generally cheap in winter, have touched new highs. Against a […]
