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 […]
In July 2020, world coffee exports fell by 11% to 10.61 million bags compared to July 2019, the International Coffee Organization (ICO) said, adding that shipments of Arabica fell by 7.6% to 6.65 million bags, and Robusta exports decreased by 16.1% to 3.96 million bags. “Other Milds recorded the largest decrease in July, falling by […]
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 […]
The pepper farming community has repeated their demand to curb the rising Sri Lankan imports of the spice at minimum import price so as to save the country’s foreign exchange outflow. Of the 57 tonnes offered in Kochi pepper market, 40 tonnes are imported stuff from the neighbouring island nation. The market was up by Rs […]
China is slowly gaining dominance in the spices extraction industry by employing restrictive trade practices against Indian companies operating in China. India is a dominant global player in spices extraction business. Oleoresins are a natural mixture of essential oils and resin extracted from its plant and help in adding flavour or colour to food and […]
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 […]
Global coffee production in coffee year 2019/20 is estimated at 168.01 million bags, a decrease of 2.9% from 2018/19, the International Coffee Organization (ICO) said in its latest monthly report seen on Friday. Arabica output is estimated to fall by 5.4% to 95.37 million bags, due to a decline in production in seven of the […]
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 […]
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 […]
Rising iron and steel exports to China, Vietnam, and Taiwan arrested the decline in outbound shipments of engineering products in June 2020, on a year-on-year (YoY) basis, vis-à-vis April and May, reveals data from Engineering Exports Promotion Council (EEPC). There was an overall decline, nevertheless, on account of shrinking exports of high-value items like consumer durables. According […]
