Exports of wheat flours have witnessed a sudden and unusual spike in the aftermath of the ban the outbound shipment of wheat, indicating that many traders may be using this route to beat the prohibition on the grain’s exports. Commerce, industry and food minister Piyush Goyal warned traders of action if they are found to […]
World coffee consumption is projected to grow by 3.3%, to 170.3 million 60-kg bags in the 2021/22 coffee year as compared to 164.9 million for coffee year 2020/21, the International Coffee Organization (ICO) said in its latest monthly report, adding that provisional outlook for production in the same period remains unchanged at 167.2 million bags, […]
India’s oilmeals exports declined 36 per cent to 23.73 lakh tonnes in the last fiscal, while in value terms the shipments were down 37 per cent to Rs 5,600 crore on lower sale of soyabean meal in the overseas markets, according to industry data. Solvent Extractors’ Association of India (SEA) said in a statement that […]
Near the city of Ho Chi Minh giant mounds of aluminium almost a kilometre in length shrouded under tarapaulin that could be worth $ 5 billion by today’s prices, mock the global scarcity of the metal. The hoard was seized as part of a U.S.-led anti-dumping investigation in 2019 focusing on a Chinese billionaire. The […]
Exports of non-Basmati rice are poised to cross 17 million tonnes (MT) for the current financial year. Exports have already crossed 12.53 MTfor the current season against 13 MT for the entire 2020-21 season, BV Rao, president, Rice Exporters Association (REA), told Financial Express. According to data released by the association, non-Basmati rice exports have […]
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 […]
