Sugar import from India to be duty-free

The commerce ministry yesterday agreed to withdraw the 40 percent duty on sugar imports from India, much to the ire of the local refiners. Until now, Bangladesh has kept sugar out of the South Asian Free […]

Global cues drag soy complex

Weak global cues, physical demand and the proposed reduction in Customs duty on palm oil from December had a bearing on majority of oils in the Indore mandis with palm oil declining to ₹715 for 10 kg. […]

India soybean complex 29 Oct 2018

After a continues gains, soybean prices declined on Friday. NCDEX soybean future prices fell almost Rs.26 or 0.8% before correction, soybean futures touched day’s high level of Rs.3,316 despite on seasonal higher arrivals in physical markets, […]

Iran wheat imports down to zero amid global crisis

An official says the Iranian government needs no more wheat imports thanks to favorable crop harvest and procurement from local farmers at a time of diminishing grain stocks around the world. Largely self-sufficient in wheat a […]

India responding well to US-China trade war: EEPC India

Modi government is responding well to the rising trade tensions between the world’s two largest economies, maintaining a stance that serves the cause of Indian exporters best, realising how critical exports are for the country’s big […]

India’s sugar intake sees steady decline

With 5 crore people suffering from Type-2 diabetes, India is now slowly reducing its sugar consumption and becoming more health conscious. Statistics from the National Federation of Sugar Factories Ltd (NFSFL) show that there has been a drop of at least […]

Poor rains to bring down crop outputt

The output of key kharif crops like onion, cotton, sugarcane and oilseeds are likely to fall due to deficient rainfall in many parts of India, including Maharashtra, Gujarat and Karnataka. Production of cotton, soybean and groundnut […]

Exports will reach new high, says commerce secretary

The Central government Monday expressed hope exports would touch an all-time high in 2018-19. Commerce secretary Anup Wadhawan underlined the commitment of the government to address concerns of labour- intensive leather and textiles sectors. “Our exports […]

Soya declines on bonus issue

With an uncertainty looming large over payment of bonus to soybean farmers by the State government on account of imposition of an electoral code of conduct in the poll-bound Madhya Pradesh, soybean prices in Indore mandis […]

Monsoon 2018

Indian monsoon has been in the mixed bag this year. Total rainfall was 9% below average – worse than the weather office forecast. Monsoon was deficient in every month of the season compared to normal rainfall. […]