Food Category
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 […]
By Ritwik Sinha New Delhi: Kolkata-headquartered Anmol Industries is aiming to double its revenue in the next five years and eyeing expansion in new markets across the country, a top company official said. “Our management team is working on drafting a vision paper for future growth which will be ready in three months. It would […]
Area sown under kharif crops was down by 27% at 234.33 lakh hectare amid deficient monsoon rainfall last month, according to the latest government data. However, the sowing operation is expected to pick-up in the coming days as the Indian Meteorological Department (IMD) has projected good rains in July and August. Besides, the government has […]
Edible oil industry body Solvent Extractors Association (SEA) has expressed disappointment over the Budget 2019-20 saying the government did not announce any package to boost oilseed production despite its vision talked about focusing on bringing import bill on cooking oils. Only proposal that figured in the Budget was withdrawal of exemption from customs duty of […]
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 […]
The forecast for world cereal production in 2019 stands at 2 685 million tonnes, virtually unchanged from the previous report in June, pointing to 1.2 percent increase from 2018, the UN food agency FAO said. The bulk of the year-on-year growth is attributed to a higher production of wheat, currently forecast at nearly 771 million tonnes, […]
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 […]
Global food prices declined marginally in June 2019, as lower prices of dairy products and vegetable oils more than offset a significant jump in maize quotations, and are now very close to their level of a year ago, according to a report by the Food and Agriculture Organization of the United Nations released today. The […]
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 […]
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 […]
