India’s oilmeal export supported by demand rise for rapeseed meal, says SEA

Rapeseed meal export is slated to increase during the current fiscal year 2022-23 due to increased crushing and solvent extraction of rapeseed cake, said Solvent Extractors’ Association of India (SEA). According to SEA, India is likely to be the competitive supplier to South Korea, Vietnam, Thailand, and other Far East countries. An increase in rapeseed meal […]

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Strong demand for animal feed in Asia prompt rice supplies amid soaring wheat and corn prices

A surge in wheat and corn prices is boosting demand for low-grade rice in animal rations across Asia, pushing up prices of the world’s most important staple at a time when global food inflation is already hovering near record highs. Global crop importers are scrambling for supplies after Russia’s invasion of Ukraine severed grain shipments […]

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Nearly a third of India’s rice exports for this month are stuck due to a shortage of freight trains

Nearly a third of India’s rice exports for January 2022 are stuck due to a shortage of freight trains. Most traders have stopped signing February export contracts to avoid demurrage charges, industry officials told Reuters. The slowdown in exports from India, the world’s biggest rice exporter, has allowed rival suppliers such as Thailand, Myanmar and […]

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Singapore increases its gold reserves for the first time in decades

Singapore increased its gold reserves by about 20% earlier this year in a largely under-the-radar move that saw holdings expand for the first time in decades. According to data from the Monetary Authority of Singapore’s (MAS) International Reserves and Foreign Currency Liquidity reports, the purchases were made over May and June this year, totaling about 26.3 […]

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Political and economic turmoil in neighbouring countries may adversely impact India’s sugar exports this season

The Secretary for Food and Public Distribution, Sudhanshu Pandey warned of challenges in sugar exports from India in the 2021-22 season even though 1.8 million tonnes had already been contracted at the start of the season itself. Addressing the All India Sugar Traders Association (AISTA) on global sugar, he said that last year India was […]

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