Commodities

Govt may fix Dec sugar sales cap at 2.15 mln tn vs 2.25 mln tn Nov

Friday, Nov 27, 2020 By Preeti Bhagat NEW DELHI – The government may set the cap for sugar that mills can sell in December at 2.15 mln tn, lower than 2.25 mln tn set for November, two senior government officials said today.  "Winter has set in, this is when sales of ice-cream and soft drink comes down...

Govt may cut base price of rice by 11% at open market sale scheme

Wednesday, Nov 25, 2020 --Sources: Govt may cut rice base price by 11% at open mkt sale plan--Sources: Govt may cut rice base price to boost private purchases By Sampad Nandy NEW DELHI – The food ministry is likely to cut the base price of rice by 11% at its weekly auction under...

Sugar co seeks govt clarity on exports in absence of subsidy policy

Saturday, Nov 21, 2020 By Preeti Bhagat NEW DELHI – A co-operative sugar mill in Maharashtra has sought clarification from the food ministry whether any current sale would be eligible for subsidy if the export subsidy policy for 2020-21 (Oct-Sep) is announced later, an industry source said. Shree Tatyasaheb Kore Warana Sahakari Sakhar Karkhana Ltd, a...

Cogencis Poll: 2020-21 chana acreage seen up 11% YoY at 11.8 mln ha

Friday, Nov 20, 2020 By Kaushal Verma  NEW DELHI – Conducive weather conditions and prospects of higher returns could lead to an 11% on-year surge in chana acreage in 2020-21 (Jul-Jun) at 11.8 mln ha, according to the median of estimates by 10 market participants polled by Cogencis. The estimates for chana acreage in 2020-21...

Centre likely to ask Punjab, Haryana to increase grain storage space

Thursday, Nov 19, 2020 By Sampad Nandy NEW DELHI – The Centre is likely to ask some northern states, particularly Punjab and Haryana, to create more temporary storage space under the 'covered and plinth' category to move out wheat in the central pool and make more space available for rice, senior government officials...

NAFED offloads nearly all onion stocks, may replenish buffer from Apr

Thursday, Nov 19, 2020 By Kaushal Verma NEW DELHI – The National Agricultural Cooperative Marketing Federation of India has offloaded nearly all of its onion stocks and may replenish its buffer from April, an official with the agency said.  "NAFED has offloaded nearly all buffer onion to the states or in open markets. It had...

Sources say FCI in talks with ethanol makers to offload excess rice

Wednesday, Nov 18, 2020 By Sampad Nandy NEW DELHI – The Food Corp of India is in talks with several grain-based distilleries to sell excess rice for production of ethanol, senior government officials said.  The move assumes significance as the Centre is likely to boost grain-derived ethanol output. The agency has been struggling to bring down...

Govt floats Cabinet note on soft loans to grain-based distilleries

Tuesday, Nov 17, 2020 By Preeti Bhagat and Sampad Nandy NEW DELHI – The food ministry has floated a Cabinet note to extend the soft loan scheme for molasses-based distilleries to grain-based distilleries as well, to augment ethanol output in the country, senior government officials said. The government aims to achieve 10% ethanol-petrol blending by...

Cogencis Poll: India 2020-21 mustard area seen up 10% at 7.6 mln ha

Wednesday, Nov 11, 2020 By Kaushal VermaNEW DELHI - India's mustard acreage is likely to rise 10.1% to 7.6 mln ha in 2020-21 (Jul-Jun), according to the median of estimates of 12 market participants. Poll participants see the area under the oilseed at 7.1-9.0 mln ha, as against 6.5-6.9 mln ha for 2019-20. All the polled participants are...

INTERVIEW: Cap duty-free edible oil import, says Emami Agrotech CEO

Tuesday, Nov 10, 2020By Kaushal Verma NEW DELHI - Duty-free import of edible oils from neighbours Nepal and Bangladesh is hurting the domestic industry, Emami Agrotech Ltd Chief Executive Officer Sudhakar Desai said, calling for capping and canalising of such shipments by state-owned agencies.   In an interview to Cogencis, Desai, also...


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