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 […]
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 […]
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 […]
The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to build a buffer stock of 40 lakh tonnes of sugar for one year from August 1, 2019, to July 31, 2020, at an estimated cost of Rs 1,674 crore. “Creation of buffer stock of 40 lakh tonnes of sugar is for one year […]
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 […]
The government has permitted export of 1,239 tonnes raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff. TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies on additional imports. […]
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 […]
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 […]
Global food prices declined marginally in June 2019, as lower prices of dairy products and vegetable oils more than offset a significant jump in maize quotations, and are now very close to their level of a year ago, according to a report by the Food and Agriculture Organization of the United Nations released today. The […]
India had its driest June in five years due to a delay in monsoon rains, the weather department said, raising fears for crops and the broader economy. Overall, rains were a third below average, although in some states, including the sugar cane growing northern state of Uttar Pradesh, they were as much as 61 per […]
