The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised policy rates by 40 basis points (bps) on Wednesday — for the first times in two years — as a sharp rise in inflation to a 18-month high due to soaring food and fuel prices ended the central bank’s gradual normalisation. The RBI also […]
As the 2021/22 global cotton season comes to an end in about 13 weeks, the industry posted gains in most major categories vs the previous season, with area, production and consumption all increasing vs 2020/21, the International Cotton Advisory Committee (ICAC) said in its latest monthly report. One of the few exceptions is world trade, which […]
Rice quotes have remained remarkably stable amid sufficient supplies and no disruptions to major exporters even while global grain markets have been significantly affected by the Russian invasion of Ukraine and the near-complete cessation of Ukraine grain exports. Ukraine is a major wheat and corn exporter, and the war has resulted in a sudden shift […]
Global wheat production in 2022 is forecast to be 784 million tonnes, a 1.1 percent increase from 2021, the UN food agency FAO said, adding that the latest estimates took into account the war in Ukraine which is expected to hit output hard. “That estimate factors in expectations that at least 20 percent of Ukraine’s […]
World food commodity prices made a significant leap in March to reach their highest levels ever, as war in the Black Sea region spread shocks through markets for staple grains and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) reported. The FAO Food Price Index averaged 159.3 points in March, up 12.6 percent […]
Developing Asia’s economies are forecast to grow 5.2% this year and 5.3% in 2023, thanks to a robust recovery in domestic demand and continued expansion in exports. However, uncertainties stemming from the Russian invasion of Ukraine, the continuing coronavirus disease (COVID-19) pandemic, and tightening by the United States Federal Reserve pose risks to the outlook. […]
India’s Commerce and Industry Minister Piyush Goyal said merchandise exports from India had reached $417.8 billion in the just-ended 2021-22 (April-March) financial year and are likely to exceed $418 billion, well above the target set by the government. India has achieved the highest monthly value of merchandise export in March 2022 amounting to $40.38 billion, […]
Global cotton logistics might be starting to sort themselves out after a long and painful struggle through the Covid pandemic, the International Cotton Advisory Committee (ICAC) said in its latest monthly report, adding that the conclusions were drawn solely from US export data. “The USA has greater means to effect changes than most other countries […]
India and Australia on Saturday signed a landmark economic cooperation deal that will help the two countries boost bilateral trade at a time when they are looking at an alternative to China. The deal will allow India access to natural resources-rich nation, as New Delhi works to expand its manufacturing base. It is the first […]
The Russian Federation and Ukraine are among the most important producers of agricultural commodities in the world. Both countries are net exporters of agricultural products, and they both play leading supply roles in global markets of foodstuffs and fertilisers, where exportable supplies are often concentrated in a handful of countries. This concentration, says the UN […]
