Monsoon boosts top rice exporter India’s prospects

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Strong monsoon rains have buoyed top rice exporter India’s prospects amid competitive prices and expectations of a record summer crop,  a top trade official told indoasianommodities.com. Exports of premium basmati rice have notched an 11% growth between April and June. Though data is not yet available for July and August, indications are that the trend […]

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World’s top rice exporter India expects shipments to be unchanged this fiscal despite port problems

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World’s leading rice supplier India expects exports to remain unchanged this fiscal from last year, notwithstanding a port congestion following a covid-induced lockdown. “In April and May, vessels were not available. But the impact of the pandemic on logistics is subsiding and exports have started picking up,” Vinod Kaul, executive director of All India Rice Exporters […]

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Another bad week for commodities as Coronavirus continues to batter economies

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Fitch Ratings warned of a deep global recession in 2020, saying the speed with which the coronavirus pandemic is evolving has necessitated another round of huge cuts to its GDP forecasts. Last week, the International Monetary Fund Managing Director Kristalina Georgieva said that the global economy had entered recession, and this week the US Federal […]

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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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INTERVIEW: China may allow access to more Indian commodities in the near term: TPCI chairman

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By Ritwik Sinha Against the backdrop of the bruising US-China trade spat, Indian exporters are hopeful that Beijing will allow direct access to Indian commodities and products soon. China, one of India’s biggest bilateral trade partners,  is currently engaged in a bitter tariff war with the Trump administration, forcing it to redraw its international trade […]

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