The United States has complained at the World Trade Organization about Indian tariffs imposed in response to US steel and aluminium tariffs last year. The dispute follows similar complaints against China, the European Union and others who retaliated in the same way, saying the US tariffs were essentially “safeguard” measures that should be accompanied with […]
A large-scale deal that would have helped Tata Steel hive off its European operations now appears to be unlikely, analysts concurred after the Thyssenkrupp-Tata Steel joint venture that was in the works for a year fell apart last week. A report by foreign brokerage firm noted that Tata “will continue to explore all options including […]
Global wheat production is forecast at a record 777 million tons, rebounding 46 million from last year, the U.S. Department of Agriculture said in its latest report. Production among the top exporting countries is projected up a combined total of 34 million tons as nearly all are expecting larger crops, it said, adding that the […]
India’s basmati rice exports are likely to reach an all-time high of around Rs. 30,000 crore in FY2019 (previous high of Rs. 29,300 crore in FY2014), fuelled by considerable firming up of average realisations, strong demand from Iran and steady increase in paddy prices for three years in a row, credit rating agency ICRA said […]
The U.S. Department of Agriculture (USDA) reduced Global wheat supplies are reduced, primarily on lower production forecasts for Kazakhstan and Iraq. Projected 2018/19 world trade is fractionally higher as larger EU and Brazil exports more than offset reductions for the United States and Mexico, it said in its latest World Agriculture Supply and Demand Estimates […]
Despite a reduction in Australian production, world wheat supplies for 2018-19 have increased by 800,000 tonnes, according to the latest US Department of Agriculture (USDA) world supply report. A bumper Canadian crop and additional Russian carry-over stocks have levelled out the gap in grain production as Australian production suffers the effects of drought. Canada’s wheat […]
The International Grains Council (IGC) has increased its forecast for world wheat production in 2018/19 by 1 million tonnes to 717 million tonnes, with an upward revision for Russia largely offset by a lower projection for Australia. The council also said an early assessment of wheat planting prospects for the 2019/20 season pointed to the […]
Global raisin production for 2018/19 is forecast to rebound 5 percent to 1.2 million metric tons (tons) as gains in Iran, the United States, and China more than offset lower output in Turkey, the U.S. Department of Agriculture (USDA) said, In response to higher supplies, world consumption is expected to rebound 3 percent to 1.2 […]
India’s Basmati rice exports face uncertainty thanks to a tightening of pesticide residue parameters by the European Union and U.S. sanctions on Iran that could impact trade between Tehran and New Delhi, ratings agency ICRA said in a report. Basmati exports grew by 23 percent and 14 percent in the 2018 financial years and the […]
The International Grains Council (IGC) has raised its forecast for total grains production in 2018-19 to 2,063 million tonnes, up from 2,059 million tonnes in July but down from 2,092 million tonnes forecast for 2017-18. Total grains consumption is forecast at 2,129 million tonnes, up from 2,128 million tonnes in July and compared with 2,107 […]
