Bihar government declared 206 blocks in 23 districts as drought-hit. The drought hit districts are Patna, Bhojpur, Buxar, Gaya, Nawada, Aurangabad, Saran, Siwan, Gopalganj, Vaishali, Muzaffarpur, Darbhanga, Madhubani, Samastipur, Sheikhpura, Jamui, Banka, Bhagalpur, Nalanda, Saharsa, Munger, […]
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. […]
Palm prices rises on lean output expectations
Palm oil output in Malaysia, the world’s second-largest producer, typically peaks in the third or fourth quarter of the year before tapering off during the year-end. Production levels rose 14.4 per cent in September at 1.85 […]
The weak Indian currency has nullified the opportunity of global cheap veg oil imports in India
In last one year, C&F prices of edible oils in India have gone down by 3% to 17% due to more abundant global supply, and at the same time Indian rupee depreciated nearly more than 5% […]
EU palm oil ban sows bitter seeds for Southeast Asian farmers
The European Parliament is moving to ban the use of palm oil in biofuels, while British grocer Iceland has announced it will stop using the commodity over concerns that it causes widespread environmental destruction. Losing the […]