Mayank's Feed
Nov 6, 2015

After pest attack, some Indian farmers shun GM cotton

BHATINDA, India, Nov 6 (Reuters) – Indian farmers are for
the first time abandoning genetically modified cotton after a
devastating pest attack ravaged their fields, sowing doubts
about the crop technology that had been hailed as a panacea.

The whitefly attack on the Bt cotton variety in the states
of Punjab and Haryana has caused a rural crisis: at least three
farmers have committed suicide around the city of Bhatinda and
tens of thousands protested to demand state aid..

Oct 20, 2015

India could pay sugarcane growers direct to help mills -sources

NEW DELHI, Oct 20 (Reuters) – India could for the first time
pay sugarcane farmers in part for produce sold to debt-laden
mills, two government sources said on Tuesday, as part of
efforts to help politically strong growers as well companies
struggling with a global glut.

Prime Minister Narendra Modi’s government is encouraging
mills in the world’s No. 2 producer to raise exports to as much
as 4 million tonnes this marketing year to cut both local stocks
and cane dues to farmers in big states such as Uttar Pradesh and

Oct 20, 2015

Rising global sugar prices to help India mills meet export target

NEW DELHI (Reuters) – Indian sugar mills will meet government demands to export 4 million tonnes of the sweetener in the marketing year beginning this month, helped by surging global prices and potential new markets such as China and Indonesia, an industry official said.

India, the world’s biggest sugar consumer and its No.2 producer, last month unveiled new rules making it compulsory for mills to step up exports to at least 4 million tonnes in the current crushing season to reduce large stockpiles.

Oct 8, 2015

In India, a test for Modi’s economic reforms and Hindu agenda

BANKA, India (Reuters) – Indian Prime Minister Narendra Modi is on the campaign trail in a state election that could define the rest of his term, promising jobs and development in one of the country’s most backward areas, while his right-wing party pushes a Hindu agenda.

Braving the scorching sun, thousands of men and women clad in bright shirts and saris trudged miles to Modi’s campaign rally last week in the state of Bihar. Voting to the legislature there will start on Monday and the result will be out on Nov. 8.

Sep 18, 2015

India orders sugar producers to ramp up exports to curb surplus

NEW DELHI/MUMBAI (Reuters) – India announced new rules on Friday making it compulsory for sugar producers to ramp up exports to at least 4 million tonnes in the forthcoming crushing season, to cut stockpiles as the country is set to produce a surplus for a sixth straight year.

India is the world’s biggest sugar producer after Brazil and much higher exports would help clear huge sugarcane dues to farmers. But it would also add to a global glut and could further depress prices, which are languishing at seven-year lows.

Sep 18, 2015

India raises import taxes on vegetable oils -sources

NEW DELHI, Sept 18 (Reuters) – India has raised import taxes
on crude and refined vegetable oils by 5 percentage points,
government and trade sources said, as the world’s largest buyer
seeks to curb surging supplies from Malaysia and Indonesia.

The cost of the edible oils imports are expected to rise
about 40 percent to $14 billion this fiscal year from about $10
billion, driving several Indian mills out of business and
forcing some farmers to switch to crops other than oilseeds such
as soybeans.

Sep 17, 2015

Drought to push India’s vegetable oil import bill to $14 bln

NEW DELHI, Sept 17 (Reuters) – A second consecutive drought
could keep India’s oilseeds output steady despite a rise in
vegetable oil consumption, driving up its annual edible oil
import bill by 14 percent to about $14 billion, a leading
industry body said on Thursday.

India, the world’s biggest buyer of the cooking ingredient,
has suffered back-to-back drought years for the fourth time in
over a century, raising fears about farm output, especially of
edible oils, the third-biggest import item after crude oil and

Sep 16, 2015

India’s soybean yields suffer, drought offsets higher acreage -industry

NEW DELHI, Sept 16 (Reuters) – India’s soybean yields are
likely to drop this year as the first back-to-back drought in
three decades wilts crops, offseting an increase in the area
under cultivation and keeping output of the oilseed steady near
year-ago levels, industry sources said.

In the absence of higher oilseed output, India could be
forced to import more vegetable oils to meet growing domestic
needs. The country is already the world’s No.1 buyer of edible
oils, with palm oil from top producers Indonesia and Malaysia
accounting for most of the arrivals.

Sep 14, 2015

Drought to cut India’s summer-sown corn output by 15 percent – industry

NEW DELHI (Reuters) – India’s summer-sown corn output is likely to drop more than 15 percent this year as the first back-to-back drought in three decades wilts crops and forces farmers to let land lie fallow, trade and industry officials said.

Lower output in the main exporter of corn to Southeast Asia, at a time when the world is flush with Latin American and U.S. supplies, should help underpin global prices of the grain that recently hit a 10-month low of $3.46-1/2 per bushel.

Sep 9, 2015

Modi fiddles as drought shrivels India’s crops

NEW DELHI/BAMNOLI, India (Reuters) – India has just suffered back-to-back drought years for only the fourth time in over a century, summer crops are wilting and reservoir water levels are at their lowest in at least a decade for the time of year.

Yet Prime Minister Narendra Modi’s government has not held a high-level meeting to discuss drought relief for farmers since June, when its weather office forecast – correctly as it turned out – that this year’s monsoon rains would fall short.

    • 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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