Supply disruptions, climate fundamental challenges for agrifood sector in coming decade

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The global agrifood sector faces fundamental challenges over the coming decade, particularly the need to feed an ever-increasing population, the impacts of the climate crisis and the economic consequences and disruptions to food supply linked to the war in Ukraine, according to a report. The findings of the latest OECD-FAO Agricultural Outlook 2022-2031 report underscore the crucial […]

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India’s steel prices set to bend after a two-year rally

Domestic steel prices are showing signs of fatigue after a relentless rally over the past two years following supply disruptions, decarbonisation measures globally, especially in China and geopolitical risks stemming from the Russia-Ukraine war, which has driven up raw material costs, ratings agency CRISIL said in a note. While prices have defied correction predictions because […]

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FMCG sector usher in structural reforms towards $ 5 trillion economy; Digital Kirana stores to further boost consumption

Minister of State, Ministry for Consumer Affairs, Food & Public Distribution, Mr Ashwini Kumar Choubey said that India’s economy is well on its path to recovery and the FMCG sector is a key player in India’s $5 Trillion dream. Addressing the Valedictory Session at FICCI MASSMERIZE 2021- 11th Edition of FICCI’s Annual Conference on Retail, FMCG […]

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Solar power’s supply chain crisis makes 1.5°C climate target a major challenge – Rystad

Grid parity, resilient networks and strategic partnerships have spurred growth in the world’s solar panel manufacturing capacity in recent years, to 330 gigawatts (GW) in mid-2021, a Rystad Energy analysis showed. It revealed that to meet the 1.5°C 2050 scenario under the Paris Agreement, capacity had to quadruple to 1,200-1,400 GW by 2035 to handle […]

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Colonial Pipeline crawls towards operational normalcy, outage causes panic buying

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Colonial Pipeline, the top US fuel pipeline disabled by a cyberattack for six days, sent workers to manually release some stored supplies on Wednesday as fuel shortages across the Southeast worsened and motorists fumed, Reuters reported. Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the […]

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India allocates Rs 1 lakh crore for strengthening agri-infra, cold storage: Minister Tomar from WEF, Davos

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India’s Union Agriculture Minister Narendra Singh Tomar  informed that the Central government has set up a Rs 1 lakh crore fund under the “Aatmanirbhar package” to strengthen the crops storage infrastructure and reduce post-harvesting losses. Speaking at a discussion on “Unlocking Innovation to Transform Food Systems” during the World Economic Forum’s Davos Agenda summit via video conferencing, he […]

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Global logistics giants looking at India, Vietnam as potential Asia hubs, says supply chain guru Lagad

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Several Europe and U.S.-based logistics giants would be keen to expand operations in India and Vietnam, making them the new supply chain hubs in Asia in the medium- to long-run following growing hostility between the West and China, a leading logistics expert said. Harry Himmat Lagad told indoasiancommodities.com from Singapore that while India and China […]

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Logistics and disruptions in supply raise price of agro- commodities: CRISIL

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During the past three months during Covid-19 induced lockdowns, retail prices of agricultural commodities have jumped sharply on account of supply chain disruptions. Data compiled by the Union Ministry of Consumer Affairs, Food and Public Distribution showed retail prices of almost all commodities jumped in the past three months till June-end in both Mumbai and Delhi. Though […]

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Recovery in global steel production on the horizon

A recovery in worldwide steel production depends, primarily, on an upturn in market demand. The authorities in many countries are starting to gradually ease their lockdown restrictions. The potential exists for steel-intensive industries to rebound faster, at least initially, compared with a number of tertiary sectors, such as hospitality and retail. Automation in modern manufacturing […]

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