Food Category
The United States Department of Agriculture (USDA) has raised its forecast for global 2019/20 oilseed production by 3.3 million tonnes to 574.6 million tonnes, with greater soybean, sunflower seed, and peanut production partly offset with lower rapeseed and cottonseed forecasts. China’s soybean production is projected up 1.0 million tons to 18.1 million tonnes reflecting higher […]
Netherlands-based Nedspice estimates global pepper production to decline this season by 74,000 tonnes for the first time after several years, mainly driven by unfavourable weather in Vietnam, reports Financial Express. However, the mismatch between global supply and demand of the spice will continue to put pressure on the price with supply seen higher by almost […]
The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product […]
India’s real GDP growth in the 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said. The latest GDP data for the July-September quarter showed a significant further moderation in the pace of economic growth […]
India’s edible soyabean oil imports have skyrocketed 100 times in just a matter of one year and is still on a rising trend. After continuously rising onion prices, the increase in soyabean oil prices is likely to make the Indian dishes more expensive. Soyabean oil prices are surging, taking cues from the increased dependence on […]
Wheat sowing in India has picked up in the ongoing rabi season as the crop was planted in 4.28 per cent additional area equivalent to 8.34 lakh hectare more compared to the year-ago period, said data released by the Agriculture Ministry. Wheat is the main rabi crop, the sowing of which begins from October and […]
Global coffee consumption will exceed production in the 2019 to 2020 coffee year, creating a global deficit of about 502,000 bags, the International Coffee Organization (ICO). “Despite a slowdown in growth, consumption is predicted to overtake production during the course of the year,” the report said. World production in coffee year 2019/20 is projected to […]
India imported 10,990 tonnes of black pepper during April-August FY20, said Piyush Goyal, Union Minister of Commerce and Industry in the Lok Sabha. Of this, the share of import from Vietnam has been estimated at 6,657 tonnes. The share of Sri Lanka and Indonesia has been estimated at 2003 tonnes and 1034 tonnes, respectively. In […]
The ailing Maharashtra cooperative sugar sector sees its fortunes reviving with the prospective installation of the three-party government in Maharashtra, which has the support of the Sharad Pawar-led Nationalist Congress Party (NCP), says a Business Standard report. A request for working capital support that the mills had made to Maharashtra State Co-op Bank Ltd, the apex bank in the state for cooperative lenders, […]
Iran is set to overtake Russia this year as the largest importer of Indian tea, despite the US sanctions on trade that it is facing, says a report in Business Standard. Exports to Iran hit a record high of 43.76 million kg (mkg) this year till September 2019, earning India a forex of $172.84 million. Sources said owing to the […]
