INTERVIEW: China may allow access to more Indian commodities in the near term: TPCI chairman

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By Ritwik Sinha Against the backdrop of the bruising US-China trade spat, Indian exporters are hopeful that Beijing will allow direct access to Indian commodities and products soon. China, one of India’s biggest bilateral trade partners,  is currently engaged in a bitter tariff war with the Trump administration, forcing it to redraw its international trade […]

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World cereal production to increase in 2019, but stocks to still decline slightly in 2019/20, says FAO

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Early prospects point to a likely rebound of 2.7 percent in global cereal production in 2019, following a decline registered in 2018, the U.N. food agency said in its latest report. “Based on the conditions of crops already in the ground and on planting intentions for those still to be sown, and assuming normal weather […]

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Exports of certain commodities to Maldives exempted from restrictions in FY20

Exports of specified quantity of essential commodities to Maldives have been exempted from any kind of domestic restrictions or prohibition in the current fiscal, PTI reported, citing an official notification. “Export of potatoes, onion, rice, wheat flour, sugar, dal and eggs has been permitted to Maldives under bilateral trade agreement between India and Maldives during […]

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International Grains Council raises forecasts for 2019-20 world wheat, corn crops

The International Grains Council (IGC) has raised its forecasts for world wheat and corn production in the 2019/2020 season. The 2019-20 projections indicate a return to the bearish combination of rising production and stocks last experienced in 2017-18. The inter-governmental body, in a monthly update, increased its global wheat crop forecast by 3 million tonnes […]

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Government of India estimates 2018-19 rice procurement at record 45 million tonnes

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The government of India, which is already sitting on a record stockpile of rice expects procurement of the food grain to touch a new high of about 45 million tonnes in the current procurement year that ends September 2019. The government had bought more than 37 million tonnes rice from farmers in the kharif season, […]

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India’s GRM in big UAE thrust for its Basmati rice

GRM Overseas Limited, India’s third-largest basmati rice exporter to the world and second-largest to the Middle East, said it had formed a strategic alliance with MAN Consumer, one of the fastest growing FMCG distributors in the United Arab Emirates (UAE). The alliance will enable the distribution of GRM’s own brand of basmati rice “Tanoush” across […]

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World cereal markets remain well balanced in 2018/19, says FAO

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Current world cereal production estimate for 2018, incorporating Chinese historical production revisions, stands at 2 655 million tonnes (including rice in milled terms), the U.N. food agency said in its latest monthly report. Although this figure is 46 million tonnes higher than the previous month’s estimate, world cereal production is still down 1.8 percent (48.8 […]

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