Mayank's Feed
Mar 4, 2015

India signs first deals to export 50,000 T new-season sugar

NEW DELHI, March 4 (Reuters) – Indian mills have been
contracted to export 50,000 tonnes of raw sugar in the first
overseas sale in the season that began in October, two trade
sources said, after the government last month approved
incentives to boost the trade amid a global glut.

Deals have been signed for prices of $340-$365 a tonne free
on board and up to 20,000 tonnes have already been shipped, said
the sources, who were directly involved in the contracts. The
entire quantity is headed to Africa, one of the sources said.

Mar 2, 2015

Heavy rain in India’s wheat bowl may clip output

NEW DELHI, March 2 (Reuters) – Heavy and untimely rain in
northern and central India’s wheat bowl over the past two days
could trim output from the new season crop, but government
scientists said the absence of hailstorms meant there should not
be any significant damage.

Coupled with high wind, the precipitation has disrupted
normal life in states such as Punjab, Haryana, Uttar Pradesh,
Madhya Pradesh and Himachal Pradesh.

Feb 27, 2015

Monsanto says GM corn trial in final stage in India

NEW DELHI (Reuters) – Monsanto’s Indian subsidiary expects to submit final trial results for its genetically modified (GM) corn to lawmakers within a year for the government to then decide on a commercial launch, the company’s country head said on Friday.

India does not currently allow the growing of GM food crops but the government of Prime Minister Narendra Modi, keen to improve farms’ productivity, has encouraged open field trials after a five-year de facto ban.

Feb 24, 2015

Sugar mills to struggle to export raws despite subsidy

NEW DELHI (Reuters) – Indian mills are likely to struggle to export raw sugar, despite a government subsidy to boost shipments, as global prices remain weak with large supplies from top producer Brazil set to flood the market soon.

Lower exports by India, the world’s biggest consumer of sugar, should take some pressure off benchmark New York prices that are mired near a 5-year low of 14.08 cents per lb.

Feb 24, 2015

Indian sugar mills to struggle to export raws despite subsidy

NEW DELHI, Feb 24 (Reuters) – Indian mills are likely to
struggle to export raw sugar, despite a government subsidy to
boost shipments, as global prices remain weak with large
supplies from top producer Brazil set to flood the market soon.

Lower exports by India, the world’s biggest consumer of
sugar, should take some pressure off benchmark New York prices
that are mired near a 5-year low of 14.08 cents per lb.

Feb 22, 2015

Modi bets on GM crops for second green revolution

NEW DELHI (Reuters) – On a fenced plot not far from Prime Minister Narendra Modi’s home, a field of mustard is in full yellow bloom, representing his government’s reversal of an effective ban on field trials of genetically modified (GM) food crops.

The GM mustard planted in the half-acre field in the grounds of the Indian Agricultural Research Institute in New Delhi is in the final stage of trials before the variety is allowed to be sold commercially, and that could come within two years, scientists associated with the project say.

Feb 22, 2015

Insight – Modi bets on GM crops for India’s second green revolution

NEW DELHI (Reuters) – On a fenced plot not far from Indian Prime Minister Narendra Modi’s home, a field of mustard is in full yellow bloom, representing his government’s reversal of an effective ban on field trials of genetically modified (GM) food crops.

The GM mustard planted in the half-acre field in the grounds of the Indian Agricultural Research Institute in New Delhi is in the final stage of trials before the variety is allowed to be sold commercially, and that could come within two years, scientists associated with the project say.

Feb 22, 2015

Modi bets on GM crops for India’s second green revolution

NEW DELHI, Feb 22 (Reuters) – On a fenced plot not far from
Indian Prime Minister Narendra Modi’s home, a field of mustard
is in full yellow bloom, representing his government’s reversal
of an effective ban on field trials of genetically modified (GM)
food crops.

The GM mustard planted in the half-acre field in the grounds
of the Indian Agricultural Research Institute in New Delhi is in
the final stage of trials before the variety is allowed to be
sold commercially, and that could come within two years,
scientists associated with the project say.

Feb 19, 2015

India backs incentives to export 1.4 mln T raw sugar – govt source

NEW DELHI (Reuters) – India will give its cash-strapped sugar mills an incentive to produce and export raw sugar, a senior government official said on Thursday, to help cut stocks after five straight years of surplus output.

The government will provide a subsidy of 4,000 rupees ($64) a tonne for exports of up to 1.4 million tonnes of raw sugar, the official, who did not wish to be named, told reporters after a meeting of Prime Minister Narendra Modi’s cabinet.

Feb 19, 2015

India backs incentives to export 1.4 mln T raw sugar: government source

NEW DELHI, Feb 19 (Reuters) – India will give its
cash-strapped sugar mills an incentive to produce and export raw
sugar, a senior government official said on Thursday, to help
cut stocks after five straight years of surplus output.

The government will provide a subsidy of 4,000 rupees ($64)
a tonne for exports of up to 1.4 million tonnes of raw sugar,
the official, who did not wish to be named, told reporters after
a meeting of Prime Minister Narendra Modi’s cabinet.

    • About Mayank

      "At Reuters, I have been covering India's vibrant and burgeoning commodities market since September 2006. Before joining Reuters, I helped NEWSWIRE18 (formerly CRISIL MarketWire), India's first and only real-time news agency, launch its commodity wire. NW18 is part of India's Network18 group which runs CNBC news channel. Between 2000 and 2005, I covered leading car and consumer durable companies for the Press Trust of India, the country's premier news agency."
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