Global coffee production seen rising slightly to nearly 170 million bags in 2020/21; consumption seen rising faster

Total global production in coffee year 2020/21 is estimated to rise by 0.4% to 169.60 million bags, with Arabica production increasing by 2.3% to 99.24 million bags, the International Coffee Organization (ICO) said in its latest monthly report. World coffee consumption, its said, is projected to increase by 1.9% to 167.58 million bags in 2020/21 […]

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Upward trend in global coffee prices confirms recovery from lows of last nearly four years, says ICO

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A firm upward trend of coffee prices over the first eight months of coffee year 2020/21 seems to confirm a net recovery from the low price levels that began in coffee year 2017/18, the International Coffee Organization (ICO) said in its latest monthly report, adding that coffee prices surged higher in May showing signs of […]

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Maize led global cereals prices up in May as Brazil production bit; palm oil up

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Rising international maize prices pushed the overall costs of cereals up in May, the Food and Agriculture Organization (FAO) said in its latest monthly report, adding that downgraded production prospects for Brazil added pressure to already tight global supplies amidst sustained strong demand. Maize prices gained 12.9 points (8.8 percent) in May, reaching 75.6 points […]

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Global food prices rise in May at fastest monthly rate in more than a decade – FAO

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Global food prices rose in May at their fastest monthly rate in more than a decade, even as world cereal production is on course to reach a new record high, the Food and Agriculture Organization of the United Nations (FAO) reported on Thursday.. The FAO Food Price Index averaged 127.1 points in May, 4.8 percent higher than […]

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Solvent Extractors Association seeks action on import of soybean oil via Nepal flouting rules of origin

Edible oil trade body Solvent Extractors Association (SEA) has urged the government to check huge import of soybean oil at zero duty from Nepal flouting rules of origin. “This may lead to an annual revenue loss of Rs 1,200 crore to the exchequer and hurt domestic refiners,” the association said. Customs duty is fully exempted on goods exported to […]

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Despite record food production, rural demand likely to suffer on low wages and infection possibilities: India Ratings

Despite the record agricultural production this year, rural demand is likely to remain muted in FY22 due to the second wave of the pandemic which comes on the back of the massive spread of the virus in the hinterland, and the steeply plunging rural wages, warns a report by ratings agency, India Ratings. The agriculture ministry has estimated foodgrain production […]

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India’s sugar production up by 13% to 305.68 lakh tonnes in 8 months

India’s sugar production rose by 13 per cent to 305.68 lakh tonnes in the first eight months of the current marketing year ending September, mainly due to higher output in Maharashtra, according to trade data. Sugar marketing year runs from October to September. “Sugar mills across the country have produced 305.68 lakh tonnes of sugar between October 1, 2020 […]

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