Weekly wrap – Signs of stronger-than-expected economic recovery

Global economists updated China’s economic outlook this week given the new COVID-19 situation and effects of policy support, and expect a sustainable and more balanced recovery this year. China’s economy is projected to grow by 8.1 percent this year, built on its effective pandemic containment measures and policy support, according to the latest International Monetary […]

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Sugar production rises by 25% to 17.68 million tonnes during 4 months between October ‘20 and January ‘21: ISMA

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India’s 491 sugar mills have together produced 176.83 lakh (17.683 million) tonnes of sugar in the first four months of the current sugar season, which started on October 1. In the corresponding period of the previous season, the mills produced 141 lakh tonnes. The output is up by around 25%, prompted primarily by an increased […]

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Global food prices rose sharply in January

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Global food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO). FAO’s Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 113.3 points in January, marking a 4.3 percent increase […]

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ISMA revises India’s sugar output down to 30.2 million tonnes for 2020-21

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India’s sugar output estimate has been revised lower by 8 lakh tonnes to 30.2 million tonnes for the ongoing 2020-21 marketing season (October-September), industry body ISMA said. The output has been estimated after taking into account a likely diversion of about 2 million tonne of cane juice and B-molasses for ethanol production, it said. However, […]

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World food prices hit three-year high in 2020 after additional gains in December – FAO

World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization of the United Nations reported. The FAO Food Price Index averaged 107.5 points in December, 2.2 percent higher than in November. Over the whole of 2020, the benchmark index, which tracks monthly changes in […]

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India’s sugar production up by 42% in the third quarter of FY21 (Oct-Dec): ISMA

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India’s sugar production increased by 42 per cent year-on-year during October-December period at 110.22 lakh tonnes on higher cane output and an early start of mills in Maharashtra, according to trade data. Sugar marketing year runs from October to September. Indian Sugar Mills Association (ISMA) said in a statement that mills produced 110.22 lakh tonnes […]

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