Strong monsoon rains have buoyed top rice exporter India’s prospects amid competitive prices and expectations of a record summer crop, a top trade official told indoasianommodities.com. Exports of premium basmati rice have notched an 11% growth between April and June. Though data is not yet available for July and August, indications are that the trend […]
Indian exporters of non-basmati rice have seen a surge in orders after the price of the grain increased in Vietnam and Thailand. Indian rice is now cheaper than the Southeast Asian varieties by almost $100 per tonne, the Economic Times reports. “Export demand for non-basmati rice remains robust due to price rise in Vietnam and […]
With the world opening up for business, Indian steelmakers are reducing dependence on China for exports. According to data from Joint Plant Committee (JPC), during April and May, India exported one million tonne of semi-finished steel to China, while total semi-finished steel exports stood at 1.3 million tonne. In June and July this year, however, China’s share […]
The US Department of Agriculture (USDA) has raised its forecast for 2020-21 (September-August) soybean production by 290 million bushels to 4.425 billion bushels of 27 kgs each, due to higher yields. In its latest World Agriculture Supply and Demand Estimate report, the USDA said it had increased its first survey-based soybean yield forecast of 53.3 […]
The 2020/21 global outlook is for smaller supplies, lower consumption and trade, and reduced stocks, the U.S. Agriculture Department said in its latest world supply and demand estimates report. Rice supplies were lowered 2.6 million tons to 681.7 million, primarily on reduced production forecasts for China, Thailand, and Vietnam, it said, adding that China’s production […]
The gems and jewellery industry, which is witnessing an increase in export orders, is facing challenging times due to lack of skilled manpower as workers are either unable to come back due to transportation restrictions or reluctant to leave their families in times of crisis, the Gem & Jewellery Export Promotion Council (GJEPC) said. Demand […]
World’s leading rice supplier India expects exports to remain unchanged this fiscal from last year, notwithstanding a port congestion following a covid-induced lockdown. “In April and May, vessels were not available. But the impact of the pandemic on logistics is subsiding and exports have started picking up,” Vinod Kaul, executive director of All India Rice Exporters […]
India’s rice exporters are struggling to fulfil orders due to limited availability of containers. Irregular attendance of workers at the rice mills has further disrupted operations at Kakinada, the biggest handling port on the east coast, reports Reuters. Slowing shipments from the world’s biggest rice exporter could allow rivals like Thailand and Vietnam to raise […]
Maharashtra’s sugar production estimates have been revised to 60 lakh tonnes from 58 lakh tonnes by the state sugar Commissionerate with increase in sugar recovery rates reported by several mills in Kolhapur region, reports Financial Express. Significantly, sugar mills from Kolhapur and Sangli, which were affected by the floods during the monsoons, have reported 10 […]
The export of oilmeals during February is provisionally reported at 76,017 tonnes compared to 294,510 tonnes in February last year— down by 74 per cent, according to the Solvent Extractors’ Association of India (SEA). The overall export of oilmeals during April 2019 to February 2020 is reported at 2,200,690 tonnes compared to 2,941,971 tonnes in […]
