Maharashtra closes 2021-22 season with record sugar production

Maharashtra closed its 2021-22 sugar season producing historically highest sugar, and already the state is staring at breaking this record in the next season starting October 1, said state’s sugar commissioner Shekhar Gaikwad. “Maharashtra’s sugar mills have produced 138 lakh tonnes of sugar, which is the highest quantity ever produced since the inception of the […]

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Indian traders to import of 100,000 tonnes of soy and palm oil; looking at sources other than Ukraine

Traders in India are contracting deals for the import of 50,000 tonnes of soy oil and 50,000 tonnes of palm oil with reports of shipment delays of sunoil, following Russia’s invasion of Ukraine, Financial Express reports. “Traders are not rushing in too much because they believe the situation with Russia and Ukraine may ease within […]

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No hike in minimum selling prices of sugar; exports may touch 60 lakh tonnes in 2021-22

India’s food Secretary Sudhanshu Pandey has ruled out any hike in the minimum selling price of sugar from current Rs 31 per kg as domestic rates are higher and expressed confidence that exports will touch 50-60 lakh tonnes in the current marketing year starting October. Addressing 87th Annual General Meeting (AGM) of the Indian Sugar […]

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Singapore increases its gold reserves for the first time in decades

Singapore increased its gold reserves by about 20% earlier this year in a largely under-the-radar move that saw holdings expand for the first time in decades. According to data from the Monetary Authority of Singapore’s (MAS) International Reserves and Foreign Currency Liquidity reports, the purchases were made over May and June this year, totaling about 26.3 […]

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