China said it would raise domestic soybean output sharply in the next four years, in a drive to boost self sufficiency in supply of the oilseed, according to an official document. The country has set a goal to produce about 23 million tonnes of soybeans by end of 2025, up 40% from current output levels […]
India has appealed against a ruling of the World Trade Organization’s (WTO) trade dispute settlement panel which ruled that the country’s domestic support measures for sugar and sugarcane are inconsistent with global trade norms. The appeal was filed by India in the WTO’s Appellate Body, which is the final authority on such trade disputes. India […]
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 […]
Key crops, from Brazilian corn to Malaysian durians, are at risk after tight supplies and blistering prices of fertiliser have caused farmers to scrimp on vital crop nutrients, adding to global food security and inflation fears. Fertiliser costs have soared this year amid rising demand and lower supply as record natural gas and coal prices […]
A World Trade Organization (WTO) panel ruled in favour of Brazil, Australia and Guatemala in their trade disputes with India over sugar subsidies, reports Reuters. The WTO has asked New Delhi to conform with global rules. In the cases brought before the WTO in 2019, the rival producers alleged that India had broken WTO rules […]
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 […]
India’s seafood sector is likely to take a hit with US department of commerce (USDOC) hiking the anti-dumping duty on shrimp exports from India by more than 100%. USDOC issued the final results of the fifteenth administrative review of the anti-dumping duty order on frozen warm-water shrimp from India by fixing an anti-dumping duty rate […]
World coffee prices reached new multi-year highs in October, as the monthly average of the ICO composite indicator price was 181.57 US cents/lb, an increase of 6.8% as compared to 170.02 US cents/lb in the previous month, the International Coffee Organization said in its latest monthly report. These price levels during coffee year 2020/21 mark […]
The Secretary for Food and Public Distribution, Sudhanshu Pandey warned of challenges in sugar exports from India in the 2021-22 season even though 1.8 million tonnes had already been contracted at the start of the season itself. Addressing the All India Sugar Traders Association (AISTA) on global sugar, he said that last year India was […]
International Energy Agency (IEA) has invited India, the world’s third-largest energy consumer, to become its full-time member, India’s oil Minister Hardeep Singh Puri said after online discussions with IEA Executive Director Fatih Birol. If India accepts the invitation, New Delhi will be required to raise its strategic oil reserves to 90 days stock. India’s current […]
