Posts Tagged ‘Sugar output’

Industry expects 44% rise in sugar output next season

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the globe.

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Industry expects 44% rise in sugar output next season

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Industry expects 44% rise in sugar output next season:

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India’s sugar output is expected to rise by 44% to 23 million tonne in the crop year that starts from October 2010, an industry official said, as higher prices are likely to support cane cultivation.

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The output in 2010-11 would be substantially higher than an expected 16 million tonne during 2009-10, Vinay Kumar, managing director of the National Cooperative Federation of Sugar Factories Ltd, told.

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Bumper planting is going on in Uttar Pradesh because of higher prices.

Producers are raising price of cane every week, Kumar said.

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In Other major Commodities Updates we can read that Corn, Soybeans are expected to rise with the rise in crudeoil prices and decline in dollar value.

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Corn, Soybeans May Advance as Crude Oil Rises, Dollar Declines

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Corn, soybeans and wheat were little changed and may climb on speculation that the dollar’s decline and rising crude oil may increase demand for the crops used for food, animal feed and alternative fuel.

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Corn for March delivery fell 0.1 percent to $4.0425 a bushel in electronic trading on the Chicago Board of Trade at 10:51 a.m. in Tokyo after gaining 1.5 percent yesterday, the biggest gain since Dec. 11.

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Before today, the contract fell 3.1 percent this month, the first drop in four months. March-delivery soybeans climbed 0.3 percent to $10.12 a bushel.

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The contract rose 1.1 percent yesterday after the Department of Agriculture said U.S. exporters sold a total of 367,000 metric tons in transactions with Italy, China and buyers that weren’t identified.

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Cumulative U.S. sales from Sept. 1 to Dec. 10 are up 53 percent to 29.554 million tons.

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🙂

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At 19.95%, Food Prices at 10-yr High

Hello Friends here we come up with the Latest Agri Commodities updates across the globe.

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At 19.95%, food prices at 10-yr high

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At 19.95%, food prices at 10-yr high

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“Save people from price rise” cry got louder with a parliamentary panel asking the Manmohan Singh government to act on speculative trading and hoarding of commodities.

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He was also asked by panel to end the diversion of agriculture land for manufacturing,  as food prices rose to a decade-high of 19.95% for the week ended December 5.

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Prices, mainly that of food articles, are zooming because of a fall in production due to the worst monsoon in about three decades.

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The supply shortfall is getting amplified, with traders pushing up prices with cheap money, as central banks, including India’s, are keeping policy rates at record lows to prevent economies from falling into depression.

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Potato prices more than doubled in the week ended December 5 from a year earlier, vegetable prices climbed 41.09%, pulses price rose 40.1% and wheat advanced 13.9%, the government data showed.

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🙂

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In Other major Commodities Updates, Sugar output in India has declined owing to drought in India.

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Drought lowers sugar production by 9.6% :

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Sugar output in India, the biggest grower after Brazil, fell 9.6% in the first two months of the season that began 1 October, said an official at the Indian Sugar Mills Association.

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Mills produced 1.7 million tones (mt), down from 1.88mt a year ago, as drought hurt the cane crop and a price dispute delayed crushing, the official said.

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He didn’t want to be identified as the information was not public.

Mills reported lower sugar recovery than a year earlier, he said.

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Separately, the government has asked states to help lift stocks of imported sugar, which have filled up warehouses, junior farm minister K.V. Thomas said on Thursday.

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