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Testing time seen ahead as buyers, stockists defer decisions; labour shortage adds to woes
From cardamom to coffee, potatoes to pulses, tea to turmeric and pepper to poultry items, the second wave of the Covid-19 pandemic seems to have affected the commodities supply chain.
These commodities were affected to some extent during the first wave last year but then, the rural areas were mostly untouched. But this time around, people in the rural areas also have been affected, throwing spanner in the works of the commodities supply chain.
“The concern this year is rural areas are witnessing Covid cases unlike last year,” said Giriraj Singhania, Managing Director of Raipur-based Shivalik Engineering Industries Ltd. His firm supplies components to tractor and automobile firms.
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As coffee prices slip, growers turn jittery
April 19, 2021
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Exporters, traders attribute current fall in prices to international market trend, withdrawal of export incentives; falling rupee only positive
The reversal in coffee price trend has left growers worried in key producing states such as Karnataka and Kerala as they complete the harvest and gear up to start operations such as pruning and manuring for the next season.
Farm gate coffee prices in Karnataka have dropped by 6-7 per cent over the past four months, even as global prices have turned volatile during this period. Arabica May 21 futures on ICE have risen to 132 cents per pound last week, from about 128 cents in early April. Similarly, Robusta May 21 futures on LIFFE are hovering around $1,365 a tonne, up from $1,350 in early April.
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