Strong demand from China, tight supplies propels 50% rise in US soybean prices

Brisk demand from China and tight supplies has propelled a 50% rise in US soybean prices since mid-August, according to the United States Department of Agriculture (USDA). After falling back a tad from late-November highs, prices in December continued to rise. Cash prices pushed past $13/bushel in early January in tandem with futures prices that rose […]

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India’s sugar production up by 42% in the third quarter of FY21 (Oct-Dec): ISMA

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India’s sugar production increased by 42 per cent year-on-year during October-December period at 110.22 lakh tonnes on higher cane output and an early start of mills in Maharashtra, according to trade data. Sugar marketing year runs from October to September. Indian Sugar Mills Association (ISMA) said in a statement that mills produced 110.22 lakh tonnes […]

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Yearend – Brazil, Australia iron ore shipments set record; China spearheads other commodities

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The total volume of iron ore dispatched to global destinations from Australia and Brazil was 29.7 million tonnes in December, the highest since June 2019, according to a survey from Mysteel. Iron ore shipments from ten Australian ports bound for global destinations hit 21.7 million tonnes, and the tonnage shipped from Brazil’s nine ports to reach […]

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Government rules out reducing minimum sugarcane price for sugar mills in India

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Union Food Minister Piyush Goyal has said the government cannot reduce the minimum price at which sugar mills have to purchase sugarcane from farmers and urged the industry to expand product portfolio as well as remain profitable rather than depend on central subsidies. Sugarcane is bought by sugar mills at a Fair and Remunerative Price (FRP), which is also the minimum selling price fixed […]

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