Indian basmati exporters find hedging tool amid Iran uncertainty

Indian exporters of basmati rice, who have been facing uncertainty due to tensions between leading buyer Iran and the United States, will probably breathe easier with the launch of a futures contract that will enable hedging against such risks.   The National Commodity and Derivatives Exchange Ltd (NCDEX) will today launch a basmati contract called Pusa […]

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Surplus sugar production “a big problem” in India: Union Minister Nitin Gadkari

Surplus production of sugar has become a “big problem” in the country, Union minister Nitin Gadkari said at the ‘Sugar Conference 2020’, organised by the Maharashtra State Co-op Bank Ltd. He suggested sugar mills should focus on producing ethanol instead. He also said that there is no water scarcity in the country, but what it […]

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Indian cabinet hikes MSP of Kharif crops for 2019-20 season

In a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all Kharif crops for 2019-20 Season. The move will lead to increased investment and production through assured remunerative prices to the farmers, an official […]

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Indian budget focuses on agriculture infrastructure and farmers

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By Biman Mukherjee Amid concerns about rural distress, Indian Finance Minister Nirmala Sitharaman in her maiden budget speech announced a big push to agriculture infrastructure such as roads and encouraged farmers to move towards a low-cost model and greater resources efficiency. Under the Pradhan Gram Sadak Yojana, the budget promised to upgrade 1,25,000 kilometre of […]

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INTERVIEW – India could benefit from U.S.-China trade tensions if it builds capacities

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By Biman Mukherjee Though US and China recently agreed to resume their trade talks at the recent G-20 summit, analysts say tensions between two of the world’s largest economies are likely to persist in coming months. India may be in a unique position in Asia to actually benefit from the trade situation. Indoasiancommodities.com interviewed Prof […]

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