Pakistan may consider importing vegetables and other edible items from India

Pakistan, which is currently reeling from massive floods, may consider importing essential food items from India. Addressing a press conference, Pakistan Finance Minister Miftah Ismail said that the government can “consider importing vegetables and other edible items from India” to facilitate people after recent floods destroyed crops across the country, according to media reports. Pakistan is witnessing a massive surge in the prices of various vegetables and […]

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India’s rice production could decline to 128.5 million tonnes: USDA

India’s rice production in the 2022-23 crop year could decline to 128.5 million tonnes (MT) mainly because of deficiency in monsoon rains especially in the eastern regions, United States Department of Agriculture (USDA) has stated. “Uneven distribution of the 2022 southwest monsoon that reduced rice planting across the eastern states of the Indo-Gangetic plains and […]

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Asia coal prices hit record on hot global competition for fuel

A worsening global fuel shortage catapulted Asia’s coal benchmark to a record, threatening to boost power bills and add to inflation woes. Spot physical coal at Australia’s Newcastle port jumped 3.4% to a record $ 402.50 a tonne on Friday, according to a biweekly index compiled by IHS Markit seen by Bloomberg. That’s the first time the highly watched spot index […]

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India’s shipment of 50,000 tonnes of wheat to Afghanistan to begin next week, after Pakistan okays route: Afghan envoy

India’s humanitarian aid of 50,000 tonnes of wheat to Afghan people is likely to be transported to Afghanistan through Pakistani land routes from next week and the delivery is set to be completed in a month’s time, Afghan Ambassador Farid Mamundzay said. The Afghan envoy also welcomed India’s allocation of Rs 200 crore as development […]

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Nearly a third of India’s rice exports for this month are stuck due to a shortage of freight trains

Nearly a third of India’s rice exports for January 2022 are stuck due to a shortage of freight trains. Most traders have stopped signing February export contracts to avoid demurrage charges, industry officials told Reuters. The slowdown in exports from India, the world’s biggest rice exporter, has allowed rival suppliers such as Thailand, Myanmar and […]

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India and Pakistan coming close to an understanding on Afghan wheat transit

India has provided a list of Afghan contractors and truck drivers to the Pakistan government who would transport the Indian consignment of 50,000 metric tonnes of wheat to Afghanistan as humanitarian assistance, as the two neighbours inch closer towards finalising the agreement, a media report said. Both countries have agreed to the modalities, and the […]

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Political and economic turmoil in neighbouring countries may adversely impact India’s sugar exports this season

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 […]

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