Posts Tagged ‘export market’

No Global food crisis even after India’s rice export ban :)

No Global food crisis even after India’s rice export ban :)

No Global food crisis even after India’s rice export ban 🙂

No global food crisis is on the cards on account of India’s rice export ban and possible high imports.

A reduction in exports from India and possible imports to the tune of two million tonnes plus is unlikely to spark another global food crisis.

The UN Food and Agriculture Organization (FAO) has said that drought in India may slash rice output in the world’s second-largest grower by about 18% this year, cutting global supplies available for importers.

India’s absence in the export market may curb supplies at a time when global stockpiles are forecast by the FAO to drop 3 % to 117.4 million MT by the end of the 2009-2010 season.

In Other major Agri Updates we can see that Deccan floods have made spices too hot to handle.

Turmeric prices have more than doubled from Rs 3,500 per quintal levels in January, causing NCDEX to impose special margin on long positions.


High prices have also led to an increase in acreage of the crop and production is expected to be over 55 lakh bags in 2010, against 35-40 lakh bags this year.

Among other spices, jeera is likely to move up in the medium term on back of good export demand and a bad crop in Syria and Turkey.

Indian Jeera is also quoting a low price in international markets.

Even pepper is expected to remain firm due to low stocks in main producing countries like India, Vietnam and Indonesia and slow arrivals from Brazil.

🙂

Note : For More Latest Industry, Stock Market and Economy News and Updates, please click here 🙂

No global food crisis is on the cards on account of India’s rice export ban and possible high imports.

A reduction in exports from India and possible imports to the tune of two million tonnes plus is unlikely to spark another global food crisis.

The UN Food and Agriculture Organization (FAO) has said that drought in India may slash rice output in the world’s second-largest grower by about 18% this year,cutting global supplies available for importers.

India’s absence in the export market may curb supplies at a time when global stockpiles are forecast by the FAO to drop 3 % to 117.4 million MT by the end of the 2009-2010 season.

In Other major Agri Updates we can see that Deccan floods have made spices too hot to handle.

Turmeric prices have more than doubled from Rs 3,500 per quintal levels in January, causing NCDEX to impose special margin on long positions.

High prices have also led to an increase in acreage of the crop and production is expected to be over 55 lakh bags in 2010, against 35-40 lakh bags this year.

Among other spices, jeera is likely to move up in the medium term on back of good export demand and a bad crop in Syria and Turkey.

Indian Jeera is also quoting a low price in international markets.

Even pepper is expected to remain firm due to low stocks in main producing countries like India, Vietnam and Indonesia and slow arrivals from Brazil.

Note : For More Latest Industry, Stock Market and Economy News and Updates, please click here 🙂