Given the global uptrend of Arabica coffee prices trading at 7 -year high in July 2021, Robusta coffee too has caught up and is trading at a four-year high of above $2,040 a tonne. Global coffee prices have been rising due to lower availability from the main coffee producing countries, which has resulted in a […]
In its monthly World Agricultural Production report, USDA’s Foreign Agricultural Service (FAS) indicated that, “USDA estimates China marketing year (MY) 2021/22 corn production at a record 273.0 million tonnes, 5 per cent above the 5-year average of 260.3 million tonnes. Yield is estimated at a record 6.5 metric tons per hectare, highest in five years average. World Agricultural Production. USDA- Foreign Agricultural Service stated that, “The major factors shaping […]
For the first time in India, the government has issued a draft Food Safety and Standards (Vegan Foods) Regulations of 2021, which outlines vegan foods and mentions the compliance requirements. The draft regulations formulated by the Food Safety and Standards Authority of India (FSSAI) encompasses everything from labelling to the prescribed packaging requirements. A logo […]
Prices of onion are likely to go up substantially, with an erratic monsoon leading to an eventual delay in the harvest. The delay in arrival of the kharif crop and shorter shelf life of the buffer stock because of Cyclone Tauktae may result in a rise in prices, says a research note from CRISIL. CRISIL […]
The Indian government on Wednesday announced minimum support prices (MSPs) for six rabi crops for the 2022-23 marketing season, keeping the increase for wheat at its lowest in 12 years in an attempt to encourage crop diversification. The MSP for wheat was raised by a mere 2.03 percent, while those for barley, gram, masur, rapeseed […]
Global cereal production in 2021 is forecast to reach 2 788 million tonnes, up by 0.7 percent from the year before but below July’s expectations, according to FAO’s new Cereal Supply and Demand Brief. World wheat output is now expected to contract by 0.7 percent to 769.5 million tonnes this year, due predominantly to the negative […]
Global food commodity prices rebounded rapidly in August after two consecutive months of decline, led by strong gains in the international price quotations for sugar, wheat and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 127.4 points in August, up 3.1 percent from July and […]
Adani Agri Fresh has procured around 2,500 tonnes of apples from farmers since the apple buying season started in the last week of August 2021. According to a company spokesperson, they have received an overwhelming response from the farmers, as Adani Agri Fresh offers higher prices as compared to the mandis. Adani Agri Fresh procures […]
Tomato prices in wholesale markets in most producing states have crashed to as low as Rs 4 per kg amid supply glut, government data showed. In fact, the wholesale prices of tomato in 23 growing centres out of 31 monitored by the government were down by 50 per cent from the year-ago period or below […]
All three domestic aluminium producers of the country – Hindalco, Balco and Nalco –have decided to undertake major capacity expansion programmes in primary metal and Value Added Products (VAPs). Anil Agarwal-owned Vedanta has said it will make BALCO a nearly 1 million tonnes per annum smelter by building new capacity of 414,000 tonnes over the […]
