Food Category
During the past three months during Covid-19 induced lockdowns, retail prices of agricultural commodities have jumped sharply on account of supply chain disruptions. Data compiled by the Union Ministry of Consumer Affairs, Food and Public Distribution showed retail prices of almost all commodities jumped in the past three months till June-end in both Mumbai and Delhi. Though […]
Mango growers of Uttar Pradesh, India’s second largest mango hub are facing huge losses on lack of overseas orders and demand in the domestic markets mainly due to Covid-19 crisis. The local markets in UP are flooded with Dussehri as traders have no option left. The rates of Dussehri in the local market is lowest in last five […]
Agritech startups in India are innovating and making multiple changes to their processes to maintain connections with farmers, during the pandemic crisis. The startups, which have been working on helping farmers improve productivity, are helping farmers with access to raw materials and farming equipment. Some of them are also streamlining supply chain for better demand […]
Coffee, the world’s favourite morning cuppa of cheer, is not bringing any joy to its producers. Coffee growers are struggling, as falling prices amid the Covid-19 pandemic are resulting in most producer countries unable to cover their costs, “let alone provide a decent livelihood to their families,” the International Coffee Organization (ICO) said. Top executives […]
Sudden spike in demand from both domestic and overseas markets has made basmati rice costlier by 10 per cent in June 2020. The aromatic rice is currently quoted at $1,000-1,200 a tonne now, from $900-1,100 a tonne towards the end of May. The value depends based on quality and brand of the rice. Supply to domestic consumers and […]
As per a Food Corporation of India (FCI) report released on 28 June, the national granary has 266.29 lakh tonnes of rice and 550.31 lakh tonnes of wheat in its godowns. A total of 816.60 lakh tonnes food grain stock is available, excluding the ongoing purchase of wheat and paddy, yet to reach the godowns. […]
The normal onset and steady progress of monsoon have increased the sowing area under kharif crops to more than double the level a year ago until June 26, improving chances of another year of record grains production. The area under all kharif crops was at 315.6 lakh hectare as on June 26, nearly 30 per […]
In a meeting held last Friday, the 15th Finance Commission headed by Chairman, N K Singh, highlighted that India’s agricultural exports have been volatile for the last 10 years, but have flattened more recently. The commission attributed the effect of falling global prices and repeated drought during 2014, 2015 and 2016 behind the 10 per […]
Agri-startup Aadvik Foods, known for selling camel milk commercially in India, plans to add new verticals to its product portfolio as it readies to test new innovations in a market recovering from the impact of the Covid-19 pandemic., the founder and chief executive said in an interview. Hitesh Rathi told indoasiancommodities.com that the company was […]
The World Economic Outlook (WEO) has forecast global growth at –4.9 per cent in 2020, 1.9 percentage points below the April 2020. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast. According to […]
