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Indonesia may export rice from next year |
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Indonesia is likely to export as much as 2 million MT of rice in 2009, the most in at least 50 years, owing to an increase in production because of better seeds and fertilizers, says industry expert. |
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Western Canadian farmland: Gold with a cash yield |
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Agcapita’s first farmland fund is finalizing its 2008 acquisition program in anticipation of the launch of a $50 million follow-on fund in late Q4 2008. With Jim Rogers on its advisory board, its plan for Western Canadian Farmland has gain more credibility. |
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Punjab Govt agencies pay for paddy procurement |
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Six government agencies in Punjab have paid around Rs 1606.80 crore for paddy procurement during first 12 days of current Kharif Marketing Season. |
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Rice procurement increases by 13.28 percent |
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Rice procurement in the country recorded an increase of 13.28 percent in 07-08 to 284.29 lakh tones compared to 251.07 lakh tones in 06-07, according to food ministry.
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Commodity Trends: Hurt by economic slowdown |
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Commodity prices have crashed worldwide as global economic slowdown hits markets worldwide. Except for gold whose prices are rising on the of back of increased buying on safe-haven buying. India's inflation marginally eased to 11.80%. |
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Recession: are you drinking your full coke bottle? |
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What are indicators of an imminent recession? Coke and Pepsi drinkers are not keeping their bottles unfinished anymore. People go to Wal-Mart instead of single brand stores. US car sales is at 16-month low because nobody is giving loans. |
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Punjab all set to reap record paddy |
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Paddy fields of Northern Punjab provinces are ready for the record harvest. The government agencies and traders have procured nearly 24 lak MT so far. |
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Monsanto ranked No.2 biotech firm: Science |
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Monsanto Company has earned the second position among Top Biotech and Pharma employers in a list compiled by Science, a leading industry publication. It was recently honored as one of the 2008 Working Mother 100 Best Companies. |
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Monsanto sales up, but still in the red |
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Monsanto could not escape the global market meltdown and became another American company to register a net loss of $172 million in the fourth quarter of fiscal year 2008 despite record sales in fourth quarter. |
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8.4 lakh MT wheat to be sold to bulk consumers |
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To check inflationary trends in festival season 2008, the Indian government has decided that 8.4 lakh MT of wheat would be sold to bulk consumers in various states. |
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Basmati rice export from India rises |
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India's basmati rice exports are estimated to have jumped by over 13 % despite a cess of Rs 8,000 PMT while shipment of non-basmati varieties fell by 31 % in the crop year ending September 2008 due to the ongoing export ban. |
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India may have crossed the inflation hump |
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A marginal fall in the inflation is not something one can be satisfied with. What, however, is a matter of satisfaction is that the phase of constant rise in inflation seems to be over. Removing supply side bottlenecks in agriculture is vital to contain inflation. |
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Paddy procurement goes up in Punjab |
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In the first five days of procurement of paddy in Punjab, the government agencies have procured more than 1.57 million tonnes till 6th October. |
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Rice procurement goes up in India |
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Rice procurement has been high due to higher minimum support price for paddy, as well as a record output. India produced 96.4 million MT of rice in 2007-08, up 3.3 % from a year earlier. |
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Economic slowdown hits India's commodity sector |
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The global economic slowdown will have wide ranging impact on Indian economy. There could be a $100 bn shortfall in FDI target for current fiscal, an ASSOCHAM survey said. Equities, commodities and manufacturing sectors have dampened. |
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Iran denies direct US wheat purchase |
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Iran on Friday denied reports about its direct purchase of wheat from the United States. |
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FCI procures record rice for 2008 |
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State-run Food Corporation of India (FCI) on Friday announced that it has procured a record 284 lakh tonnes of rice this year, which is expected to help stabilise prices in the open market. |
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Scientist bank on wild grass to fight Ug99 |
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Researchers in the US are focusing on a wild grass as a standin for wheat to speed up the discovery of genes that will improve wheat’s resistance to diseases, including the Ug99. |
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What the US collapse means to commodities |
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The global economic crisis has had its impact on commodities sector worldwide. Base metals, crude oil, agricultural futures are among those affected even as gold was insulated. Fall in Chinese steel production has hurt Indian iron ore exporters. |
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Large investments required in warehousing: Baalu |
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Large investments are required in warehousing infrastructure in order to provide dynamism and efficiency in agricultural marketing, according to T R Baalu, Union Minister of Shipping, Road Transport and Highways. |
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Japan imposes controls over rice distribution |
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The Japanese farm ministry is planning to revise the food law and tighten controls on rice distributors in the wake of a scandal over the sale of tainted rice by a rice wholesaler a few weeks back. |
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Gold
