India to make Chabahar Port in Iran operational by May 2021: US Congressional Research Service

India has accelerated the work on Chabahar Port early this year and the strategic Iranian port is expected to be operational by next month, a US Congressional report said. “In 2015, India agreed to help develop Iran’s Chabahar Port and an associated railway that would enable India to trade with Afghanistan unimpeded by Pakistan,” the […]

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Pakistan’s cotton output set to rise by 18%, but imports likely to continue

Pakistan’s cotton output for the marketing year 2021/22 is forecast to rise by 18% to around 5.3 million bales due to the availability of new seed varieties, better pest and disease management, and government support, according to the US Department of Agriculture (USDA).  Despite the rise in output, Pakistan’s cotton output remains at historic lows and […]

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India expands rice exports to price-sensitive Sub-Saharan Africa at Thailand’s expense, says USDA

India has displaced Thailand to become the largest export of rice to the price sensitive Sub-Saharan Africa region, as the latter’s output dropped due to drought, the US Department of Agriculture (USDA) said in its latest world agriculture estimate report. “Between 2015 and 2020, Sub-Saharan Africa imports have grown by more than one-fourth. Thailand and […]

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Initial USDA 2021/22 world cotton outlook shows higher prices, lower stocks

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 […]

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Pakistan seeks to resume cotton imports from India

According to media reports, Pakistan may soon allow cotton imports from India via land routes, as the prospects for gradual restoration of bilateral trade relations have improved following the current ceasefire agreement along the Line of Control.   According to Pakistan-based The Express Tribune, Adviser to the Prime Minister on Commerce Abdul Razak Dawood may make a decision on […]

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Higher consumption, lower production expected to draw down ending global cotton stocks in 2020/21

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The 2020/21 cotton consumption forecast has been revised upward this month from 24.2 million tonnes to 24.5 million tonnes, and while the projected 7% year-over-year increase isn’t nearly enough to offset the losses caused by the pandemic, it’s expected to outpace production, thus drawing stocks down by the end of the season, the International Cotton […]

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Sterlite Copper CEO says plant closure has stopped India’s march to self-sufficiency

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The closure of Sterlite Copper’s Tuticorin plant, which once accounted for nearly 40% of India’s copper output, had been forced by vested interests that did not want the country to become self-sufficient in the critical industrial metal, the company’s chief executive officer said in an interview. The plant was shut down in 2018 following a police firing that […]

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World cereal production forecast raised, but stocks seen falling sharply and trade to exceed earlier predictions – FAO

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The UN food agency on Thursday raised its forecast for global cereal production in 2020 and said that early prospects for this year point to a modest increase in wheat production in the northern hemisphere and a decline in maize production in the southern hemisphere. The latest forecast for world cereal production in 2020 stands at nearly […]

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