USDA projects India’s cotton production to rise to 29.5 million bales in 2019-20; pegs soybean crop at 11 million tonnes

The United States Department of Agriculture (USDA) forecasts India’s cotton production for 2019/20 at 29.5 million 480-pound bales, up nearly 2 per cent from last month and up 11 per cent from the previous year. The increase is based on improved weather conditions in the major cotton areas of Gujarat and Maharashtra. Harvested area is […]

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Kerala, Andhra Pradesh to ink cashew supply pact for laddus at Tirupati temple

Gods in India do answer prayers. The Kerala government is close to clinching a cashew supply pact with Andhra Pradesh for Tirupati Venkateswara temple which needs 3,000 kg cashew nuts daily for preparing laddus (a sweet) distributed as a holy offering. Other temples, under the Temple Board Tirumala Tirupati Devasthanam, that use cashew nuts in […]

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Indian economic growth ‘much weaker’ than expected: IMF; Industrial production growth slows to 4.3% in July 2019

India’s economic growth is “much weaker” than expected, the IMF said, attributing the reasons to corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. The International Monetary Fund (IMF) projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, […]

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Government of India imposes countervailing duty on Chinese Saccharin

The government has imposed countervailing duty on Saccharin, a kind of sweetener, from China for five years, a move to guard domestic players from cheap imports. The Department of Revenue imposed the duty after it was recommended by the Commerce Ministry’s investigation arm DGTR. In its probe, the Directorate General of Trade Remedies (DGTR) concluded […]

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India’s oilmeal exports drop 73% in August 2019; Malaysia end-Aug palm oil stocks fall to 2.25 million tonnes

India’s exports of oilmeals fell by 73 per cent in August 2019 at 98,871 tonnes on account of higher domestic prices of soyabean meal, according to data compiled by the Solvent Extractors’ Association of India (SEA). Export of oilmeals during August 2018 stood at 359,752 tonnes. The overall export of oilmeals during April-August 2019 declined […]

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India’s rice exports fall 26.5% in Apr-July 2019 on subdued demand and weak rupee: APEDA

India’s rice exports in April-July declined 26.5 per cent from a year ago to 3.14 million tonnes, a government body said, as demand for non-basmati rice was subdued from African buyers. The country’s non-basmati rice exports plunged 37 per cent during the period to 1.7 million tonnes, the Agricultural and Processed Food Products Export Development […]

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Maharashtra cooperative millers seek to delay crushing to 1 December, 2019

Cooperative sugar millers in Maharashtra have urged state sugar commissioner Shekhar Gaikwad to postpone the crushing season of 2019-20 to December 1, 2019. Millers have put forth this demand before the Commissionerate owing to the damage caused by recent floods in Satara, Sangli, Kolhapur and drought situation in Marathwada, Ahmednagar and Solapur which has led […]

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USDA lowers India’s oilmeal export forecast by 6.2% between Nov 2018- Oct 2019

After discounting availability of soybeans and considering strong domestic demand for animal feed, the out-year Indian oilmeal export forecast is lowered 6.2 percent to 3 million tonnes, as per the latest update from United States Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS). The export basket will include 2 million tonnes of soymeal, a little […]

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