Never-ending trade war sinks commodities into a world of trouble: Bloomberg

periodic-table-of-commodity-returns.jpg

The U.S.-China trade war is sparking so much fear over demand that even those parts of the commodity world that aren’t in the direct firing line are getting burned, says a report by Bloomberg Oil had its biggest sell-off in four years after U.S. President Donald Trump brought an abrupt end to a truce forged […]

Read more

Sugar buffer stock creation a positive for industry, farmers: ICRA

The Government’s decision to create a sugar buffer stock of four million tonnes for a year would not only help industry financially, but also improve the demand-supply situation in the domestic market, said rating agency ICRA in a statement. “According to our estimates, the closing sugar stocks for sugar year 2018-19 (October 2018-September 2019) would […]

Read more

India fixes export quota of 10,000 tonnes of sugar to EU; cabinet retains sugarcane FRP at Rs 275 per quintal

The government has fixed an export quota of 10,000 tonne of white/raw sugar to the European Union (EU) under a provision for a 12-month period beginning October. The Director General of Foreign Trade (DGFT) has said it has allocated the “quantity of 10,000 tonne of sugar (raw and/or white) to be exported to the EU […]

Read more

New high-yield variety of sugarcane could revolutionise sugar cultivation

Developed by G Hemaprabha and Bakshi Ram of Coimbatore-based Sugarcane Breeding Institute, the sugarcane Co-11015 variety can increase yield to 142 tonne  petr hectare from about 100 tonne currently achieved through the Co-86032 variety. According to Ram, director of the institute, though the variety has been approved by Tamil Nadu it is yet to be […]

Read more

Brazil seeks WTO to set up dispute panel against India on sugar subsidy

Brazil has sought establishment of a dispute panel under the aegis of the World Trade Organization (WTO) in a case against India’s sugar subsidies to farmers. In February, Brazil and several other countries including Australia and Guatemala have dragged India into the WTO’s dispute settlement mechanism alleging that New Delhi’s sugar subsidies to farmers are […]

Read more

Surplus sugar production “a big problem” in India: Union Minister Nitin Gadkari

Surplus production of sugar has become a “big problem” in the country, Union minister Nitin Gadkari said at the ‘Sugar Conference 2020’, organised by the Maharashtra State Co-op Bank Ltd. He suggested sugar mills should focus on producing ethanol instead. He also said that there is no water scarcity in the country, but what it […]

Read more