Food Category
Record harvests of wheat and barley are expected to outweigh a poorer maize crop to lift world total grains — wheat and coarse grains — production by 40m t in 2019/20, to 2,177m, only modestly below the all-time peak in 2016/17, the International Grains Council (IGC) said in its latest monthly report. Consumption is forecast to climb […]
Amazon has launched its food delivery services in some parts of the southern Indian city of Bengaluru even as established start-up such as Swiggy and Zomato have been forced to cut jobs in the face of an uncertain future after a longish country-wide shut down. Amazon Food is available in Bengaluru’s Bellandur, Haralur, Marathahalli and […]
Despite a two-month-long lockdown, which has wreaked havoc in most other sectors in the economy, Uttar Pradesh sugar industry has achieved a record production of sugar so far. Till May 27, the state’s sugar mills had produced 124.92 lakh tonnes of sugar against the previous highest of 120.45 lakh tonnes in the 2017-18 sugar season. […]
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) aims to enhance fish production to 220 lakh metric tons by 2024-25 from 137.58 lakh metric tons in 2018-19 at an average annual growth rate of about 9 per cent. The Union Minister for Fisheries, Animal Husbandry and Dairying, Shri Giriraj Singh, today said the ambitious scheme will result in doubling export […]
Crude palm oil prices may rise to 2,300-2,400 ringgit ($528.37-$551.34) per tonnne in the coming months as Malaysia’s relationship with top importer India improves, industry regulator the Malaysian Palm Oil Board (MPOB) said this week. The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to […]
The Ministry of Agriculture & Farmers Welfare has distributed Rs.19,350.84 crore worth of food grains to 9.67 crore farmers during lockdown period under Pradhan Mantri Kisan Samman Nidhi Scheme, says a Press Information Bureau press release. “Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme during the lockdown period from 24.3.2020 till date, 9.67 crore farmers have […]
The national lockdown in India on fears of the spread of the coronavirus pandemic has hit the country’s edible oil industry hard, and demand that plunged sharply is expected to return only slowly over the next six months, Atul Chaturvedi, President of Solvent Extractors Association of India (SEA), tells Shampa Bahadur in an interview. Q. […]
Indian commodity exchanges have reported 38 per cent decline in commodity derivatives business since the Covid-19 pandemic started spreading across the country. Between February and May, the daily average turnover in commodity futures trading slumped by 38%. India’s largest commodity exchange, the Multi Commodity Exchange of India (MCX), reported its daily average turnover (DAT) at Rs 15,658 […]
Importers of pulses have urged the Centre to reduce import duty on masoor and tur, which are in short supply in the domestic market. The prices of these two lentils have shot up since the nationwide lockdown began on March 25 to prevent spread of Covid-19. Importers have asked the government to reduce import duty of 33 […]
Fitch Ratings said it was making further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO), but added that the slump in global economic activity was close to reaching its trough. “World GDP is now forecast to fall by 4.6% in 2020 compared to a decline of 3.9% predicted in our late-April […]
