Brazil is keen to work with India on the introduction of flexible fuel vehicles, Andre Aranha Correa do Lago, Brazilian Ambassador to India said. Speaking at a conference on sugar and ethanol organised by the Indian Sugar Mills Association (ISMA), the Ambassador said next year will be the 20th year of flexible fuel vehicles being introduced […]
The government will soon announce export quota of sugar for next marketing year starting October, Food Secretary Sudhanshu Pandey said. He however did not disclose the quantity of sugar that will be allowed for export in 2022-23 marketing year. “We will soon announce the sugar export policy for next season,” Pandey told reporters here on the sidelines […]
India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year beginning October, according to a Reuters report. “The permission to export 5 million tonnes of sugar is expected in the coming weeks and once we have a better sense about next sugar year’s production, we could allow another […]
The barometer for world food commodity prices declined for the fifth consecutive month in August, as quotations for most benchmark items dropped, according to a new report released today by the Food and Agriculture Organization of the United Nations (FAO). The closely watched FAO Food Price Index averaged 138.0 points in August, down 1.9 percent […]
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 […]
India’s sugar exports are likely to decline to around 8 million tonnes (MT) in the next season starting October, compared with record shipment of around 11.2 MT worth $4.6 billion in 2021-22. The decline is attributed to lower carry forward stocks at the beginning of the season. Sugar prices in the global markets are firm at present […]
Indian Sugar Mills Association (ISMA) has urged the government to increase the minimum support price (MSP) of sugar from the current level of Rs 31 per kg to at least Rs 36-37 per kg in line with fair and remunerative price (FRP) of cane. MSP of sugar was last announced in February 2019. In a […]
The Union government approved a 5% hike in fair and remunerative price (FRP) of sugarcane to be paid to farmers for the next season (Oct-Sept) to Rs 305 a quintal. The Cabinet Committee on Economic Affairs (CCEA) approved the increase subject to base sugar recovery of 10.25%. FRP fixed for the next season is 88.3% […]
India may allow sugar mills to export more than previously permitted to help them prevent defaults on contracts. The government is considering giving the green light to additional sales of as much as 1.2 million tonnes of sugar for the year ending Sept. 30. That’s on top of the current quota of 10 million tons. […]
The barometer for world food commodity prices declined slightly in June for the third consecutive month, the Food and Agriculture Organization of the United Nations (FAO) said. The FAO Food Price Index averaged 154.2 points in June 2022, down 2.3 percent from May. The Index, which tracks monthly changes in the international prices of a basket of […]
