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 […]
Oilmeal exports fell 67% to 1.7 lakh tonne in December 2021 due to a decline in export of soybean and rapeseed meal, according to the Solvent Extractors Association of India (SEA). The association, which has compiled the export data for December, said 1,70,338 tonne of oilmeal was exported in the month, compared to 5,16,006 tonne […]
The 2021/22 global outlook for cotton production is down with a significantly smaller crop in Pakistan more than offsetting larger crops in Benin, Turkey, and Uzbekistan, the USDA said in its latest monthly report on world agriculture. Use is mostly unchanged, it said, adding that ending stocks are down more than 1.0 million bales on […]
Non-basmati rice exports from India have slowed during the current quarter, especially to the Far-East and South-East Asia, on new paddy arrivals from theregion. In addition, , payment trouble with Vietnam buyers, high freight charges and current market volatility are impacting shipments. On the other hand, shipments to Africa, especially parboiled rice, are doing well, […]
Given the global uptrend of Arabica coffee prices trading at 7 -year high in July 2021, Robusta coffee too has caught up and is trading at a four-year high of above $2,040 a tonne. Global coffee prices have been rising due to lower availability from the main coffee producing countries, which has resulted in a […]
Despite the fact that rice exporters have signed ahead contracts of 1-1.2 million tonnes (MT) month-to-month until November 2021, India’s total exports of rice are slated to be lower by about round 12 MT, according to market experts. India had achieved the highest-ever exports of 17.72 MT of rice price $8.89 billion in FY21. India’s […]
Robust growth in Vietnam’s cotton yarn and product exports is projected to drive 2020/21 cotton consumption to a record 7.3 million bales, 700,000 higher than the previous year’s downfall from COVID-19, the U.S. Agriculture Department (USDA) said in its latest monthly report. Yarn exports in 2020/21 have already exceeded the previous year’s record by more […]
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report. Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new […]
World coffee production for 2021/22 is forecast down 11.0 million bags from the previous year to 164.8 million, due primarily to Brazil’s combined effect of Arabica trees entering the off‐year of the biennial production cycle and a weather‐related shortfall, the U.S. Department of Agriculture (USDA) said in its annual coffee report. As a result of […]
The U.S. Department of Agriculture (USDA) has revised world production of coffee up by 300,000 bags from the December 2020 estimate to 175.8 million. Brazil is up 2.0 million bags to 69.9 million, largely due to updated data for Arabica output. Uganda is revised 1.2 million bags higher to 6.0 million largely due to increased […]
