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By Taniva Singha Roy and J. Navya SruthiThe average price of Indonesian palm oil in 2025-26 (Nov-Oct) is likely to fall to $950-$1,000 per tonne from an estimated over $1,000 per tonne so far this year on the back of an expected increase in production. Lower prices of the commodity and a cut in the import duty in India could, in turn, push up the overall imports of palm oil in India. In a free-wheeling interview with Informist, Indonesia Palm oil Association Head of Foreign Affairs Department Fadhil Hasan and Chairman Eddy Martono speak about increased production and what that means for the country's exports and fuel blending programme, and how will it affect India's edible oil imports. Register to read more
The government has made the registration of export contracts mandatory for non-basmati rice. Exports have to be registered with the Agricultural and Processed Food Products Export Development Authority before shipments are allowed by the Customs Department, a government notification said. Read more
The Reserve Bank of India refrained from adding gold to its reserves in August, the second month of pause. Its stock of the precious metal has remained steady at 879.98 tonnes since Jun. 27, according to the central bank's monthly bulletin released Wednesday. However, its gold holdings were up 3% on year in August. Read more
Bharat Petroleum Corp. Ltd has floated a tender on behalf of state-owned oil marketing companies to procure around 10.5 billion litres of ethanol for the first cycle of the ethanol supply year beginning November. The tender, issued Tuesday, aims to incentivise biofuel production from rice by offering higher rates and mandating a 40% share in grain-based ethanol. Read more
The government has set the domestic sugar sales quota for October at 2.40 million tonnes, the Department of Food and Public Distribution said in a post on social media platform X on Wednesday. The quota for next month is nearly 6% lower than 2.55 million tonnes in October last year, but 2% higher than 2.35 million tonnes in September. Read more
The Directorate General of Foreign Trade Wednesday amended India's export regulations, allowing the export of second-generation or 2G ethanol with immediate effect. This move, according to a senior government official, aims to promote the manufacturing of 2G ethanol in India and provide a boost to the industry. Read more
Union Agriculture Minister Shivraj Singh Chouhan has approved the procurement of major pulses and oilseeds in Uttar Pradesh and Gujarat for the crop year 2025–26 (Jul-Jun), the agriculture ministry said in a statement Tuesday. The total cost of procurement is estimated at INR 13.9 billion, the ministry said. Chouhan has authorised 100% procurement for urad and tur, along with procurement of moong, sesame or til, and groundnut in Uttar Pradesh and urad, soybean, moong, and groundnut in Gujarat. Read more
The surplus in global refined copper market narrowed to 101,000 tonnes in the first seven months of 2025 from 401,000 tonnes in the corresponding period last year, according to a report by the International Copper Study Group. Global refined copper production rose nearly 4% on year to 16.6 million tonnes in Jan-Jul and consumption was up about 6% at 16.5 million tonnes, the report said. Read more
The Food Corp. of India lost 32,000 tonnes of foodgrain worth INR 1.14 billion in transit during the first five months of of 2025-26 (Apr–Mar), data from the government agency showed. This accounts for 0.17% of the 18.9 million tonnes of foodgrain transported across the country during the period, largely from surplus to deficit regions. Read more
By J. Navya SruthiThe Food Corp. of India sold 925,000 tonnes of rice as of Thursday through auctions under the open market sale scheme for 2025-26 (Apr–Mar), data from the agency showed. To offload surplus rice, FCI is holding auctions twice a week, on Wednesday and Thursday. Read more
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