Major ports’ cargo handling drops by 18% to 193 million tonnes in April-July, 2020

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COVID-19 disruptions and lockdowns caused major ports in  India to witness a continued fall in cargo handling. The cargo handling capacity of major ports registered a 18.06 per cent drop to 193.38 million tonnes between April and July this fiscal, according to the Indian Ports Association (IPA). Cargo volumes at these 12 major ports under […]

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China is hitting Indian spices extraction industry where it hurts

China is slowly gaining dominance in the spices extraction industry by employing restrictive trade practices against Indian companies operating in China. India is a dominant global player in spices extraction business. Oleoresins are a natural mixture of essential oils and resin extracted from its plant and help in adding flavour or colour to food and […]

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SEA estimates 3% jump in oilseed production at 251 lakh tonnes during 2019-20 season

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The Solvent Extractor’s Association of India (SEA) has estimated the total production of oilseed crops, grown during the kharif and rabi seasons in the 2019-20 (November-October) season, at 251.49 lakh tonnes, nearly 3 per cent higher compared with 244.08 lakh tonnes last year due to higher yield in groundnut and castor seed. According to SEA’s […]

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Weekly Wrap – Monsoon and gold keep commodities sentiments bullish

In March this year, the world entered the COVID-19 pandemic with persistent, pre-existing external imbalances. The crisis has caused a sharp reduction in trade and significant movements in exchange rates, but limited reduction in global current account deficits and surpluses. The outlook remains highly uncertain as the risks of new waves of the contagion, capital […]

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Chief Ministers of Madhya Pradesh and Punjab spat over basmati rice GI tag

The spat between Madhya Pradesh and Punjab over the GI tag to basmati rice flared up with Madhya Pradesh Chief Minister Shivraj Singh Chouhan calling Punjab’s Amarinder Singh’s opposition to MP getting the tag ‘politically motivated’ and a move that hurts farmers. Madhya Pradesh Chief Minister Shivraj Singh Chouhan wrote to Congress Interim Chief Sonia Gandhi, accusing her party of being step-motherly towards farmers. In a […]

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High prices of pulses may affect nutrition security in India: Tata-Cornell Institute study

Food habits during coronavirus (COVID-19) may have shifted from diverse and nutritive diets to staple foods such as wheat and rice as the prices of vegetables, pulses and eggs rose sharply after the lockdown while those of cereals remained relatively stable, according to a new study by the Tata-Cornell Institute for Agriculture and Nutrition in […]

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NAFED-Maharashtra FPC launches India’s first onion storage and marketing infrastructure

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The joint venture between the National Agricultural Marketing Federation of India (NAFED) and Maharashtra Farmers Producer Co (MahaFPC), MahaOnion, has announced the launch of India’s first onion storage and marketing infrastructure through the public-private-partnership (PPP) model. This initiative is an agri-business venture for establishing warehousing facilities of 1,000 tonnes of onion at each of its […]

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Global food prices rose in July, led by vegetable oils and dairy products – FAO

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Global food prices continued rising for the second consecutive month in July, led by vegetable oils and dairy products, according to a benchmark United Nations report. The Food and Agriculture Organization’s Food Price Index averaged 94.2 points in July, a 1.2 percent increase from June and nearly 1.0 percent higher than July 2019. The FAO Food […]

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India’s central bank forecasts negative real GDP growth for 2020-21 fiscal year

The Reserve Bank of India said on Thursday that the real gross domestic product (GDP) growth during this fiscal year will be negative despite a recovery since the outbreak of the deadly Covid-19 pandemic and hopes of robust farm output. The bank kept the repo rates unchanged, while announcing a major loan restructuring package for […]

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