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Aug 12, 2014

Surplus to check India sugar prices even if some mills stop crushing

NEW DELHI, Aug 12 (Reuters) – India will have enough sugar
to last roughly four months when the new season starts in
October, the chief of a leading industry body said, keeping a
lid on local prices even if some money-losing mills stick to
their decision of not crushing cane.

Mills in the biggest cane producing state of Uttar Pradesh,
which accounts for a third of India’s total sugar output, will
not begin operations in the 2014/15 season citing their
inability to pay state-set cane prices.

Aug 9, 2014

U.S. urges India to step up as regional power

NEW DELHI, Aug 9 (Reuters) – The United States urged India
on Saturday to bolster its role as a global power and force for
regional stability, ahead of Prime Minister Narendra Modi’s
first visit to Washington since his election in May.

In a speech wrapping up two days of talks, Defense Secretary
Chuck Hagel also played up deepening defence industry
cooperation but did not have any major new arms export deals to
announce.

Aug 7, 2014

Modi sticks to failed recipe in India’s food-inflation fight

NEW DELHI, Aug 8 (Reuters) – It’s been more than a month
since Nirmala bought fresh tomatoes. A fourfold rise in prices
since early June has made the essential ingredient in Indian
curries and sauces a luxury she can no longer afford.

“Buying tomatoes feels like buying jewellery,” says the
29-year-old maid, who is struggling to make ends meet on her
monthly pay of $l65 as prices for fresh staples such as onions
and potatoes also soar in New Delhi.

Aug 5, 2014

Sugar mills in Uttar Pradesh to suspend cane crushing; risk of shortages

NEW DELHI (Reuters) – Sugar mills in India’s top cane producing state of Uttar Pradesh will not crush cane in the new season starting in October, the state’s mills association said on Tuesday, as they will not be able to pay high state-set cane price to farmers.

Mills in Uttar Pradesh often are at loggerheads with the state government, which typically forces sugar companies to pay a premium to farmers over the cane price fixed by the federal government. The mills suspended crushing activities last year for two months and have halted operations in earlier years too.

Aug 5, 2014

Sugar mills in Indian state to suspend cane crushing; risk of shortages

NEW DELHI, Aug 5 (Reuters) – Sugar mills in India’s top cane
producing state of Uttar Pradesh will not crush cane in the new
season starting in October, the state’s mills association said
on Tuesday, as they will not be able to pay high state-set cane
price to farmers.

Mills in Uttar Pradesh often are at loggerheads with the
state government, which typically forces sugar companies to pay
a premium to farmers over the cane price fixed by the federal
government. The mills suspended crushing activities last year
for two months and have halted operations in earlier years too.

Jul 29, 2014

Rural votes, old traumas drive India’s WTO brinkmanship

NEW DELHI (Reuters) – With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India’s threat to trash a global trade deal in the name of food security appears puzzling.

But government officials say Prime Minister Narendra Modi is prepared to brazen out global outrage to seize a historic opportunity to build a rural power base with his defense of farm subsidies and to banish memories of humiliating national food shortages.

Jul 22, 2014

Depleting water reservoirs need rains to prevent crop loss

NEW DELHI (Reuters) – India’s reservoirs are depleting fast and monsoon rains need to pick up now if they are to have enough water to prevent a drop in output of major winter crops such as wheat and rapeseed that are sown from October, a senior government official said.

Rains in India, the world’s second-biggest rice, wheat and sugar producer, were 15 percent below average in the week to July 16, an improvement from the previous week’s shortfall of 41 percent but still 29 percent deficient since the start of the season in June.

Jul 22, 2014

Depleting Indian water reservoirs need rains to prevent crop loss -govt

NEW DELHI, July 22 (Reuters) – India’s reservoirs are
depleting fast and monsoon rains need to pick up now if they are
to have enough water to prevent a drop in output of major winter
crops such as wheat and rapeseed that are sown from October, a
senior government official said.

Rains in India, the world’s second-biggest rice, wheat and
sugar producer, were 15 percent below average in the week to
July 16, an improvement from the previous week’s shortfall of 41
percent but still 29 percent deficient since the start of the
season in June.

Jun 23, 2014

India to raise import duty on sugar, promote exports

NEW DELHI, June 23 (Reuters) – India will raise its import
duty on sugar to 40 percent from 15 percent, as the government
tries to revive business at mills that owe farmers around $1.84
billion, the food minister said on Monday.

The climb in import duty will make overseas purchases nearly
unviable for refiners in the world’s biggest consumer of the
sweetener, hitting shipments from suppliers such as Brazil,
Thailand and Pakistan.

Jun 13, 2014

India corn exports pick up, but still set for annual drop

NEW DELHI, June 13 (Reuters) – Indian corn exports have
picked up in the last few months as swelling supply crimps
prices, but the rise will not be enough to stop overall
shipments for 2013/14 dropping nearly a quarter after a poor
start to the year, traders said.

The annual decline is good news for rival exporters such as
Brazil and the United States, which are hoping to expand sales
to India’s traditional customers in Southeast Asia including
Malaysia, Indonesia and Vietnam.

    • 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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