PM Modi urges industry to invest in agriculture amid farmer protests

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Indian Prime Minister Narendra Modi on Saturday urged the domestic industry to increase their investments in the agriculture sector and voiced confidence that recently-launched reforms would enable farmers to increase their income. “The amount of investments that should have come from the private sector in agriculture has not happened. If you look at infrastructure such as cold storage, it  has […]

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Indian farmers split over repeal of farm laws amid nationwide stoppage

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Indian farmers, who called for a nationwide bandh on Tuesday, are divided over whether to accept the three new farm laws with modifications or only settle for a complete repeal, according to sources. Farmer representatives are likely to meet the government representatives on Wednesday, after which a consensus may emerge over the way forward. The nationwide […]

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India’s central bank keeps key rate unchanged amid optimism about economic recovery

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The Reserve Bank of India on Friday decided to keep the repo rate unchanged at 4% while pledging to keep its accommodative monetary stance unchanged for as long as necessary to cope with covid’s impact. The reverse repo rate was also kept at the the current leve of 3.35%. It noted that tbe global economy […]

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Pressure on global cotton prices set to ease on lower output estimate

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The world will be producing less cotton than what was expected for the current marketing year, which will ease a cycle of downward prices since the pandemic, says the International Cotton Advisory Committee (ICAC). Production of cotton this year has been revised down to 24.7 million tons from 24.9 million tons estimated earlier. The recovery […]

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Global oil demand to rebound modestly next year, says S&P global analyst

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JY Lim, Asia Oil Market Advisor, S&P Global Platts, spoke to indoasiancommodities.com Consulting Editor Biman Mukherji on the prospects for the global oil markets next year following promising results for covid vaccines, the establishment of a Regional Comprehensive Economic Partnership (RCEP) and prospects of global economic recovery, particularly in Asia including India and China. With […]

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Global grains production forecast cut by 7 million tonne month/month to 2.219 billion tonnes – IGC

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The forecast for world total grains (wheat and coarse grains) production in 2020/21 is cut by 7m t m/m (month-on-month), to 2,219m, with a 10m downward adjustment for maize only partly offset by upgrades for other grains, the International Grains Council (IGC) said in its latest monthly report. The reduced outlook for global maize production is mainly […]

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More than half of people in agriculture areas face water scarcity, says FAO

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Available freshwater resources per person have declined by more than 20 percent over the past two decades globally, underscoring the importance of producing more with less, especially in the agriculture sector, the world’s largest user of water, the Food and Agriculture Agency said in a report. More than three billion people live in agricultural areas […]

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