Commodities

Govt asks Tariff Commission to compute actual cost to produce sugar

Friday, May 24 By Preeti Bhagat NEW DELHI – After a gap of 10 years, the central government has asked the Tariff Commission to come up with the actual cost of production of sugar after reviewing the full performance of mills during 2017-18 (Oct-Sep), an industry source said. The government has sought data...

Govt to launch new National Mission for Vegetable Oils to stem import

Friday, May 24 By Kaushal Verma NEW DELHI – The government is soon going to launch new National Mission for Vegetable Oils to reduce reliance on hefty imports by promoting output of home-grown oilseeds, including oil palm, a senior government official said. "Vegetable oil is the country's third largest imported commodity and cost...

Govt plans to integrate 220 more mandis under e-NAM in FY20

Thursday, May 23 By Kaushal Verma NEW DELHI – After linking 585 markets in 2018-19 (Apr-Mar), the farm ministry is set to integrate 220 more mandis under the electronic-National Agricultural Market portal this financial year, a senior government official said today. "It will not only help farmers and traders connect with markets across their respective...

Trade sources say India's Apr pepper imports fall nearly 6% on month

Thursday, May 23 By Preeti Bhagat NEW DELHI – Despite an over 12% on-month rise in domestic prices of black pepper, imports of the spice are likely to have fallen to a little over 2,100 tn in April, down nearly 6% from the previous month, industry sources said. "Pepper prices in Vietnam have been more...

Govt sees record wheat crop in 2018-19, estimate may top 100 mln tn

Wednesday, May 22 By Kaushal Verma  NEW DELHI – The government is expected to scale up its estimate for wheat production in 2018-19 (Jul-Jun) to a record of over 100 mln tn from 99.12 mln tn earlier, as late rains in February and March have boosted yields, a senior government official said. "Wheat crop is...

TREND:Wheat price 7-9% above MSP on quality woes even as supply peaks

Wednesday, May 22 By Sampad Nandy NEW DELHI - It is not unusual for prices of mill-quality wheat to rule marginally above their minimum support price during the peak arrival season, but the sharp rise in prices this year in Madhya Pradesh and Uttar Pradesh has caught the market by surprise. On Tuesday,...

Govt to push use of certified seeds to boost nutri-cereal kharif crop

Tuesday, May 21 By Kaushal Verma NEW DELHI – The government aims to prop up the production of nutri-cereals--jowar, bajra, and ragi--this kharif season by ensuring more-than sufficient availability of certified seeds, a senior official said. Certified seeds are considered the best in quality and yield, and are produced from foundation seeds that are...

Industry says 7 mln tn sugar export must in '19-20 for stable prices

Tuesday, May 21 By Preeti Bhagat NEW DELHI – At a time when Indian market is flooded with excess sugar, there seems no way out other than exports to get rid of the surplus. Exports of 7-8 mln tn is a must in 2019-20 (Oct-Sep) in order to bring about stability in the domestic market, industry...

FOCUS: Kerala floods, low rain may drag cardamom output to 20-yr low

Tuesday, May 21 By Preeti Bhagat and Kavita Desai NEW DELHI – That cardamom production in Kerala will fall was clear after floods in August washed away a big part of the plantations. But now market players are betting on the production shrinking to a third and the lowest in over two...

Govt aims to add 25,000 ha under oil palm plantations in 2019-20

Monday, May 20 By Kaushal Verma NEW DELHI – The government plans to add 25,000-ha area under oil palm plantations in 2019-20 (Apr-Mar) to the existing 325,000 ha to boost production of palm oil in the country, a senior government official told Cogencis. "...We have to add more area under oil palm plantations under...


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