India total coffee exports during Jan 1- May 8.

Ram Gopal Yadav (7 years ago)

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

Bangladesh to import 600,000 tonnes of rice.

Ram Gopal Yadav (7 years ago)

The state buyer issued a tender to import 50,000 tonnes of parboiled rice. Its first such tender in many years, after flash floods hit fields about to be harvested, potentially wiping out 700,000 tonnes of crops. the state agency also planned to import rice through government-to-government deals with producers such as Thailand, Vietnam and India as importing via tenders is a lengthy process. The world’s fourth-biggest producer of rice with more than 30 million tonnes of rice, Bangladesh consumes almost all its production to feed its population. It often requires imports to cope with shortages caused by natural disasters such as floods and droughts. State rice reserves in government warehouses have fallen to around 350,000 tonnes, the lowest in six years.

ICE raw sugar futures up as ethanol parity looms.

Ram Gopal Yadav (7 years ago)

Futures contracts of raw sugar on the ICE recovered today after as prices of the sweetener were nearing ethanol parity. A fall in sugar prices incentivises millers to shift to ethanol production instead of sugar. Millers in key cane-producing countries like Brazil have a choice between producing sugar or ethanol. Most-active July raw sugar contract had fallen to a 12-month low of 15.24 cents per pound. July contract was up 0.7% at 15.49 cents per pound.

Food safety body panel calls for more tax on high sugar content food.

Ram Gopal Yadav (7 years ago)

The government should impose additional tax on pre-packed foods which have high salt or fat content and on sugar-sweetened beverages to cut down on their consumption. Imposing additional tax on the purchase of commodities such as pre-packaged foods with high salt and fat content, sugar sweetened beverages, can be a pragmatic approach to reduce their intake. Companies should disclose the total calories content, carbohydrate, sugar, fat, protein, sodium and trans-fat added in their product, clearly on the labels.

Sugar down in north India on low demand at higher prices.

Ram Gopal Yadav (7 years ago)

Subdued demand at higher price levels weighed on sugar in the key wholesale markets of north India. Medium-grade sugar was sold in Delhi and Muzaffarnagar down 5 rupees from previous close. Prices of the sweetener, however, were unchanged in the key wholesale markets of Mumbai, and Kolhapur amid thin trade. Mills are maintaining prices despite low demand as they maintain supplies for the next five months and the production this year is seen low. Traders across north India are bearish on sugar prices in the near term. Prices are expected to decline further in north India due to a rise in output in Uttar Pradesh.