Asia’s cereal imports are expected to be at record levels in 2020/21, mainly led by robust feed demand in China, according to a report of the Food and Agriculture Organization (FAO). Thanks to a recovery in China’s domestic pork production following an outbreak of African Swine Fever, imports of maize are expected to hit a […]
Andhra Pradesh is planning to use a deepwater port to export rice for the first time in decades amid a global shortage of the grain. This could raise rice shipments from India this year by almost 20 per cent. The government order, as reported by Reuters, allows Kakinada Deep Water Port to handle rice until […]
Price of quality raw cotton has risen up to Rs 6,000 per quintal this week in the open market. The minimum support price for the best grade of cotton is only Rs 5,825 per quintal. As a result, cotton procurement by the Cotton Corporation of India (CCI) has virtually come to a standstill. Only a […]
The United States Department of Agriculture (USDA) has reduced India’s soyabean crop estimate to 90 lakh tonnes versus earlier estimate of 114 lakh tonnes. Lowering of India’s soya bean production estimate by nearly 20 per cent had added fuel to the bullish sentiments and a bullish year for soya bean is expected during the greater […]
After having already exported around 7 million tonnes of non-basmati rice till November 2020, India is likely to export around 10 million tonnes in the 2020-21 season, said All India Rice Exporters Association (AIREA). This could be a record year for non-basmati rice exports for the country, AIREA said. India had exported around 5.04 million […]
Vietnam has imposed anti-dumping duties on some coil or sheet cold-rolled steel products that originated from China for five years starting December 28, 2020. The duties, specifically for coils or sheets of a width of less than 1,600 mm and between 0.108 mm-2.55 mm thickness, come after the Vietnamese ministry finished an anti-dumping investigation […]
Cotton exports from India are likely to jump by 40 per cent in 2020-21 to 7 million bales of 170 kgs each, the highest in seven years, Financial Express reports. Depreciation of the rupee and a rally in global prices have allowed exporters to clinch contracts. India had exported nearly 5 million bales in the […]
Your morning cup of cheer coffee could become pricier, as the world coffee production during the current crop year 2019/20 will decrease by 1.6% to 168.55 million bags, says the International Coffee Organization (ICO). The decline will come largely on the back of 5.1% drop in Arabica output, offsetting a 3.2% increase in robusta production. […]
China has started importing Indian rice after a gap of two years and has placed orders for shipment of about 5,000 tonnes of non-basmati rice due to competitive prices offered by India compared to other nations, according to the All India Rice Exporters Association (AIREA). China buying rice from India comes at a time of […]
China’s corn imports over this year and the next will be in the range of 15 million-30 million million tons annually with the majority of it being sourced from the US, according to an S&P report. China has stepped up purchasing corn from the U.S. since July to record levels as it seeks to rebuild […]
