Global coffee consumption will exceed production in the 2019 to 2020 coffee year, creating a global deficit of about 502,000 bags, the International Coffee Organization (ICO). “Despite a slowdown in growth, consumption is predicted to overtake production during the course of the year,” the report said. World production in coffee year 2019/20 is projected to […]
India imported 10,990 tonnes of black pepper during April-August FY20, said Piyush Goyal, Union Minister of Commerce and Industry in the Lok Sabha. Of this, the share of import from Vietnam has been estimated at 6,657 tonnes. The share of Sri Lanka and Indonesia has been estimated at 2003 tonnes and 1034 tonnes, respectively. In […]
High cotton production due to greater-than-average rainfall in the country and increased sowing by farmers may adversely impact prices. As per Cotton Corporation of India (CCI) estimates, cotton production is likely to increase 13.6 per cent to 35.5 million bales (170kg) for the October 2019-to-September 2020 season. Area under cotton cultivation has increased by 6 […]
The domestic paddy prices are staging a modest recovery in the current procurement season after hitting rock bottom levels not long ago coupled with a rugged export market scenario. At the Indian Commodity Exchange (ICEX), the paddy (1121 variety) prices were trading at Rs 3,260 per quintal (100 kg), up by 3.55 per cent, as […]
India’s soybean meal exports in oil year 2019-20 is estimated at 10 lakh tonness, 11.8 lakh tonness lower as compared to last years’ shipment of 21.79 lakh tonnes, according to the Soybean Processors Association of India (SOPA). In addition to a lower crop yield, lack of clarity in continuation of the incentive under the MEIS […]
World production in coffee year 2019/20 is projected to fall by 0.9% to 167.4 million bags, according to the International Coffee Organization (ICO), While Robusta output is projected to rise by 1.5% to 71.72 million bags, Arabica output is anticipated to decrease 2.7% to 95.68 million bags, it said in a statement, adding that the […]
India exported 12.51 lakh tonnes of oilmeal during the first six month period of 2019-20 financial year, declined 17% from 14.99 lakh tonnes reported in the same period last year, as per the data compiled by the Solvent Extractors’ Association of India (SEA). According to the data, the sharpest fall is seen in the soybean […]
India’s mills are working to reduce their steel inventories as domestic production of finished steel fell for a third-straight month in August amid poor demand. Production in August amounted to 8.39 million tonnes, while consumption fell to 8.23 million tonnes from 8.85 million tonnes in July, data released by the Joint Plant Committee showed. “Every […]
India’s gems and jewellery sector hopes to tap a $1-billion export opportunity arising out of the ongoing trade war between the United States (US) and China, reports Business Standard. The opportunity came India’s way after the US levied a 10 per cent import duty on import of gems and jewellery from China, taking the tariff to 20.5 per cent. […]
India’s exports of oilmeals fell by 73 per cent in August 2019 at 98,871 tonnes on account of higher domestic prices of soyabean meal, according to data compiled by the Solvent Extractors’ Association of India (SEA). Export of oilmeals during August 2018 stood at 359,752 tonnes. The overall export of oilmeals during April-August 2019 declined […]
