Commodities

IFFCO raises prices of potash fertiliers by up to 60%, say sources

Informist, Thursday, Apr 8, 2021 By Sunil Raghu AHMEDABAD – Indian Farmers Fertilisers Cooperative Ltd has raised prices of diammonium phosphate by 58.33% to 1,900 rupees per 50 kg bag and other phosphatic fertilisers of multiple grades by up to 60% between 1,350 rupees and 1,800 rupees per 50 kg bag, sources said. The...

Govt unlikely to allow imports of 1.2 mln tn of duty-free soymeal

Informist, Thursday, Apr 8, 2021  By Kaushal Verma NEW DELHI – The government is unlikely to allow imports of 1.2 mln tn soymeal at zero duty in the current financial year to support the poultry and livestock industry, a government official said today.  "Prices of local soymeal are very high while in global markets it is quite...

Co-op sugar mills ask govt to allow sale of Apr quota till May 31

Informist, Wednesday, Apr 7, 2021 By Preeti Bhagat NEW DELHI – The National Federation of Cooperative Sugar Factories has asked the government to allow mills to sell their April sales quota till May 31 as demand has been sluggish due to the resurgence in COVID-19 cases, two industry sources said. The government had fixed sugar sales quota for mills...

Govt calls meet today to discuss NITI Aayog recommendations on sugar

Informist, Tuesday, Apr 6, 2021 By Preeti Bhagat NEW DELHI – The government has called a meeting of a high-power committee today to discuss the recommendations of a NITI Aayog task force on the sugarcane and sugar industry, a source close to the development said. "This is the second and final meeting. We are meeting...

Informist Poll: Gold to remain weak in Apr on firm dlr, US bond ylds

Informist, Thursday, Apr 1, 2021 By Roshni Devi and S. Anirudh Iyer MUMBAI – A firm US dollar and the continuous rise in treasury yields may continue to weigh on the prices of gold. Prices of the safe-haven metal are likely to decline for the fourth straight month in April despite a resurgence inCOVID-19 infections.  Informist...

Govt may fix Apr sugar sales cap at 2.2 mln tn vs 2.1 mln tn in Mar

Informist, Wednesday, Mar 31, 2021 By Preeti Bhagat NEW DELHI – The government may set the limit for sugar that mills can sell in April at 2.2 mln tn, higher than 2.1 mln tn set in March, two senior government officials said today. "Quota has been set higher because of summer season and domestic consumption is...

Pakistan OKs import of 500,000 tn white sugar from India, says source

Informist, Wednesday, Mar 31, 2021 By Preeti Bhagat NEW DELHI – Pakistan today allowed the import of 500,000 tn of white sugar from India, said Tayyab Balagamwala, director of Grains and Sugar Seatrade Group of Pakistan. Imports will be carried out till June, as the new sugar season in Pakistan starts from June when raw...

TREND: Grape exports may fall 15% as virus resurgence sours demand

Informist, Tuesday, Mar 30, 2021 By Rahul Dhuri and Roshni Devi MUMBAI – India's grape exporters are bracing for another bitter season after the COVID-19 pandemic battered demand last year. Industry experts say grape exports for Dec-Apr are likely to fall 15% on year due to the resurgence of coronavirus infections, withdrawal of government support, steep freight costs, and delayed harvest. Around...

INTERVIEW: SEA sees India edible oil buys at 7-yr-low on pandemic hit

Informist, Friday, Mar 26, 2021 By Kaushal Verma NEW DELHI – With the pandemic curbs eating into bulk demand, India's edible oil import is set to fall to a seven-year low of sub-13 mln tn, a level last seen in the marketing season ended October 2014, says B.V. Mehta, executive director of...

Soymeal exports in March seen up sixfold at 200,000 tn, says SEA

Informist, Wednesday, Mar 24, 2021 By Kaushal Verma NEW DELHI – Soymeal exports in March are expected to jump sixfold on year to nearly 200,000 tn due to firm demand from traditional buyers, The Solvent Extractors' Association of India Executive President B.V. Mehta said today. India exported 32,818 tn of the oilmeal in March last year.  "Exports of soymeal...


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