Prices of sugar in the international market have picked up after estimates of declining production in Brazil, the world’s largest sugar supplier. Global sugar prices rose by 20 per cent in April 2021. This is likely to benefit sugar exports from India, sugar industry experts from India feel. Brazilian production is estimated to be almost […]
With volume uptick unlikely for the second year in a row in coffee consumption in the global market due to Corona led restrictions, Indian coffee exporters are expecting lower supply from the main producing country Brazil somewhat salvaging the situation for them in 2021. Speaking with indoasiancommodities, Ramesh Rajah, President, Coffee Exporters Association of India said the […]
Export of oilmeals jumped by 205 per cent in February 2021 to 393,309 tonnes, compared with 128,761 tonne in February 2020, according to data compiled by the Solvent Extractors’ Association of India (SEA). For the eleven-month period between April 2020 to February 2021, the overall export of oilmeals recovered sharply and stood at 3,358,649 tonnes […]
World’s cotton production and supply will dip slightly on year in 2020/21, according to the International Cotton Advisory Committee (ICAC). It estimated that the production this year will fall by 0.09 million tonnes to 24.11 million tonnes during the year. At the same time, cotton supply will fall by 0.10 million tonnes to 45.48 million […]
World cotton consumption is expected to exceed production for the second year in a row, reducing world stocks by 3.2 million bales, the U.S. Department of Agriculture has said. World cotton production is expected to rise 4.7 percent with the most significant year-over-year growth in Pakistan, Australia, Brazil, the United States, and West Africa. Global […]
If upbeat markets for coffee are any indicator, then the global economy should be out of the clutches of COVID pandemic soon. The world’s favourite cup of cheer until February-end rose for the fourth straight month, according to an index of the International Coffee Organization ((ICO). Prices are rising not just because of tightening supplies and […]
South America’s adversity has turned out to be India’s blessing. Because of planting delays and the rains that have disrupted soyabean plantation and delayed harvest in south American countries like Brazil and Argentina, Soybean meal exports from India rose nearly six fold to 3.36 lakh tonnes during January because of higher demand in global markets. […]
Sugar millers across the country have contracted deals for export of around 25 lakh tonnes so far, and are on course to meet the allocated target of around 60 lakh tonne set by the Centre, says a Financial Express report. Jaiprakash Dandegaonkar, chairman, National Federation of Cooperative Sugar Factories (NFCSF), pointed out that the country […]
Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88 per cent as Chinese mills diversified sources amid sky-high raw materials prices. The two countries’ rise could not fully meet China’s demand. Chinese mills had to buy from other countries. Australian shipments rose […]
Iron ore started 2021 in much the same fashion as most of last year, moving higher and adding to a rally that saw the spot price surge 75% in 2020. But while the steel-making ingredient is continuing its stellar run, the fundamentals may slowly be starting to turn against further gains, with easing prices seeming […]
