Commodities

Trade min for alternative to sugar export sop as WTO deadline nears

Thursday, Sep 24, 2020 By Preeti Bhagat NEW DELHI – The commerce ministry has suggested adopting mechanisms other than export subsidy for supporting the sugar sector, as justifying such sops would become difficult at the World Trade Organisation. The ministry's comments were made in response to a draft Cabinet note on sugar export subsidy for...

Uttar Pradesh sugar cos seek consistent pricing of co-generated power

Wednesday, Sep 23, 2020 By Preeti Bhagat NEW DELHI – Private sugar mills in Uttar Pradesh have urged the state government to have a policy framework that ensures consistency in pricing of co-generated power, an industry source said. Some sugar mills use bagasse--the dry residue that remains after sugarcane is crushed to extract their juice--to produce...

INTERVIEW: Sunvin Group sees record high edible oil import next year

Tuesday, Sep 22, 2020 By Kaushal Verma  NEW DELHI – Import of edible oil is likely to rebound in the next oil year starting November and may rise to a record 15.2 mln tn, Sunvin Group Head Sandeep Bajoria said. This year, the imports are likely to fall 10% to 13.5 mln...

Govt sources say food grain stocks down to 70.0 mln tn as on Sep 1

Tuesday, Sep 22, 2020 --Sources: Govt Sep 1 food grain stocks 70.0 mln tn vs 76.7 mln Aug 1--Govt Sep 1 rice stocks 22.2 mln tn vs 25.3 mln tn Aug 1--Govt Sep 1 wheat stocks 47.8 mln tn vs 51.3 mln tn Aug 1 By Sampad Nandy NEW DELHI – Food grain...

Cogencis Poll: India 2020-21 kharif maize output seen at 14.1 mln tn

Monday, Sep 21, 2020 By Sampad Nandy NEW DELHI – India's maize output for the 2020-21 (Jul-Jun) kharif season is seen at 14.1 mln tn, an average of estimates by 10 market participants polled by Cogencis showed. The kharif maize output for this year would be just 3.4% lower than market's estimate of 14.6 mln...

ISMA arm writes to govt, seeks permission to make ethanol from maize

Thursday, Sep 17, 2020 By Preeti Bhagat NEW DELHI – The West Indian Sugar Mills Association has written to the food ministry for permission to use maize as a feedstock for ethanol production when there is shortage of sugarcane due to drought, an industry source said. "WISMA, Maharashtra has written in support of this to...

Sources say Centre may defer state-wise caps on rice buys till Apr

Thursday, Sep 17, 2020 By Sampad Nandy NEW DELHI – The Centre is likely to defer implementation of the NITI Aayog's recommendation on capping rice procurement till April as most states procuring the foodgrain for the central pool have opposed the move, senior officials said.  In a recent meeting with the government, major rice procuring states...

Sources say states reject Centre's proposal to limit rice procurement

Tuesday, Sep 15, 2020 By Sampad Nandy NEW DELHI – Most major rice procuring states have rejected the Centre's proposal to limit rice procurement in order to check the increase in stocks in the central pool, senior government officials told Cogencis.  The Centre had proposed bringing in state-wise limits on procurement of the staple food grain, particularly in states where such purchases...

ISMA writes to PMO as delay in OK of sugar sale price hike a concern

Monday, Sep 14, 2020 By Preeti Bhagat NEW DELHI – The Indian Sugar Mills Association has written to the Prime Minister's Office as the delay in approval of the minimum selling price of sugar has become a concern for mills, an industry source said. The delay in increasing sugar price is directly affecting mills'...

As crop damage sparks price rise, govt imposes ban on onion exports

Monday, Sep 14, 2020 NEW DELHI – In a likely reaction to the sharp rise in prices following damage to crops in key growing regions, the government today imposed a ban on export of onions with immediate effect. A notice to this effect was issued by the Directorate General of Foreign Trade....


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