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Now, Vietnam begins buying higher grade rice from India April 12, 2021 Charges for shipping to Indonesia and Malaysia have doubled to $40/tonne, while for Africa they have risen to $90/tonne - REUTERS The move will help reduce FCI’s burden on storage and handling costs, say exporters 1/2 Charges for shipping to Indonesia and Malaysia have doubled to $40/tonne, while for Africa they have risen to $90/tonne - REUTERS 2/2 ×
Vietnam, which resumed rice imports from India after decades purchasing lower priced 100 per cent broken variety, has now begun to buy better quality grades to meet its other domestic needs. “Vietnam is buying five per cent broken white rice from us since its production is lower. This five per cent broken is used for supply to its defence forces and industrial users,” said M Madan Prakash, Agri Commodities Exporters Association (ACEA) President. ....
Now, growers flock to store their onion to cash in during lean arrivals season April 05, 2021 Prices drop below ₹900/quintal; export demand yet to pick up Onion growers in Maharashtra have booked warehouses and storages well in advance this year to store the bulb even as its prices have slipped further to below ₹900 a quintal. “Onion prices have dropped sharply from the highs seen in February. Rabi onions are expected to arrive from April 15 onwards. By now itself, onion farmers have booked spaces in warehouses to store the bulb,” said Agri Commodities Exporters Association (ACEA) President M Madan Prakash. Onion prices, which had zoomed to ₹4,000 a quintal in the third week of February this year, have nosedived to below ₹900. According to Ministry of Agriculture and Farmers’ Welfare data, modal price of red onion, usually harvested during early and late Kharif season, is currently ₹850/quintal at Lasalgaon, Asia’s largest market for the bulb ....
Tight global supplies to continue driving India’s maize exports till May Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam. The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates. The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year. ....
Onion export prospects brighten as prices crash - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Tight global supplies to continue driving India’s maize exports till May March 11, 2021
Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam. The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ending stocks in their reports this month on higher production estimates. The FAO’s Agricultural Marketing Information System (AMIS), in its report for this month, said maize ending stocks will be 275.7 million tonnes (mt) against 301.7 mt. The ending stocks size for this season has been raised by two mt from last year. ....