Commodities

Source says 2 mln tn of wheat shipments stuck at ports as of May 16

Informist, Monday, May 23, 2022 By Tanya Rana NEW DELHI – The government's surprise ban on wheat exports amid rising inflation and food security concerns has left 2 mln tn of the staple grain stranded at major Indian ports as of May 16, trade sources told Informist. Around 1.2 mln tn of wheat is currently stuck at Kandla port,...

Maharashtra 2022-23 cane area may top 1.4 mln ha, says commissioner

Informist, Sunday, May 22, 2022 --Maharashtra cane official: See acreage rising on normal monsoon view--See onion, soybean farmers shifting to cane By Kavita Desai and Preeti Bhagat MUMBAI - Acreage under sugarcane in Maharashtra in 2022-23 (Oct-Sep) season is likely to top 1.4 mln ha on forecast of normal southwest monsoon this year, said Shekhar Gaikwad, the state's...

India 2022-23 sugar output seen unch at 35.5 mln tn, says govt source

Informist, Sunday, May 22, 2022 By Kavita Desai and Preeti Bhagat MUMBAI - Production of sugar in India in 2022-23 (Oct-Sep) is seen almost unchanged at 35.5 mln tn, a senior government official said. "Next year, production is seen rising, but the extra 1.5 mln tn that will be there, will be diverted for ethanol production,"...

Govt not thinking of stockholding limit on wheat soon, says food secy

Informist, Saturday, May 21, 2022By Preeti Bhagat and Kavita Desai MUMBAI - The government is not thinking of imposing a stockholding limit on wheat immediately, Food Secretary Sudhanshu Pandey said today. "The government is not thinking any such thing right now," Pandey told Informist on the sidelines of 4th All India Sugar...

Maharashtra's 2022-23 sugar output may top 13.8 mln tn, says official

Informist, Saturday, May 21, 2022 --Maharashtra cane commissioner: '22-23 output to depend on normal rainBy Preeti Bhagat and Kavita Desai MUMBAI - Production of sugar in Maharashtra in 2022-23 (Oct-Sep) is likely to either be in line with this year's figure of 13.8 mln tn or slightly higher, Shekhar Gaikwad, the state's...

TREND: Tur area may shrink 11-15% as farmers shift to soybean, cotton

Informist, Friday, May 20, 2022 By Puja Das NEW DELHI – Acreage under tur across the country is expected to shrink by 11-15% to 4.3-4.5 mln ha in 2022-23 (Jul-Jun) due to fall in prices of the pulse below its minimum support price and rise in prices of other crops like soybean and cotton. "Farmers in major tur growing states may switch to...

Ice cream cos' losses may melt away as double-digit growth seen FY23

Informist, Friday, May 20, 2022 By Sandeep Sinha and Sayantan SarkarMUMBAI – After two consecutive years of losses, a scorching summer in India this year has led to a significant jump in demand for ice creams across all age groups and the domestic industry is set to witness double-digit growth in 2022-23...

TREND: Muted demand from auto sector to keep rubber prices low

Informist, Thursday, May 19, 2022 By Rahul Dhuri and Sayantan Sarkar MUMBAI - Natural rubber prices have been subdued in both global and local markets since March and the trend is unlikely to reverse course soon as demand from key sectors is expected to remain low. The ripple effects of rising inflation and the possibility...

Govt meet on problems faced by co-op sugar mills inconclusive

Informist, Thursday, May 19, 2022 By Preeti Bhagat NEW DELHI – A meeting convened by Finance Minister Nirmala Sitharaman on Wednesday to discuss problems faced by cooperative sugar mills failed to decide on any concrete steps for the sector, a senior government official said today. "It (the meeting) was inconclusive. On each point, they...

Sources say post export ban, 104,061 tn wheat lying at Kandla port

Informist, Thursday, May 19, 2022 By Tanya Rana and Sunil Raghu NEW DELHI – The government's curbs on wheat exports have left 104,061 tn of the grain stranded at Deendayal Port storage in Kandla, Gujarat, as of Saturday, port officials told Informist. Of the entire quantity, 73,689 tn was outside the port area and the rest within, an official said. Wheat is...


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