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Apr 14, 2014

Election adds bounce to sugar demand in India

MUMBAI (Reuters) – Namdev Desai, manager of a small restaurant near the ruling Congress party’s office in south Mumbai, has stocked up on cold sugary drinks in the past few weeks to quench the thirst of party workers during India’s ongoing general elections.

As the campaign picks up pace in the scorching summer heat, sales of these drinks will soar, potentially boosting demand for sugar in top consumer India to a record high this month.

Apr 13, 2014

Election adds bounce to Indian sugar demand

MUMBAI, April 14 (Reuters) – Namdev Desai, manager of a
small restaurant near the ruling Congress party’s office in
south Mumbai, has stocked up on cold sugary drinks in the past
few weeks to quench the thirst of party workers during India’s
ongoing general elections.

As the campaign picks up pace in the scorching summer heat,
sales of these drinks will soar, potentially boosting demand for
sugar in top consumer India to a record high this month.

Apr 9, 2014

India’s 2013/14 natural rubber imports surge 49.3 pct

MUMBAI, April 9 (Reuters) – India’s natural rubber imports
jumped 49.3 percent to a record 324,467 tonnes in the year ended
March 31 from the year before as excessive monsoon rains hurt
production, the state-run Rubber Board said.

Production fell 7.6 percent to 844,000 tonnes in the year,
the board said in a statement on Wednesday, after heavy rainfall
disrupted rubber-tapping in top producer Kerala state from July
to September.

Apr 7, 2014

Tyre-makers shine as car owners replace bald rubber

MUMBAI (Reuters) – Replacement tyres are buoying Indian tyre companies as a sputtering domestic economy hits vehicle sales, crimping orders from automakers.

India’s top six tyre-makers by value are forecast to see average revenue growth of 11.8 percent in the fiscal year that started this month, according to Thomson Reuters SmartEstimates. That would be the fastest expansion in three years.

Apr 7, 2014

Indian tyre-makers shine as car owners replace bald rubber

MUMBAI, April 7 (Reuters) – Replacement tyres are buoying
Indian tyre companies as a sputtering domestic economy hits
vehicle sales, crimping orders from automakers.

India’s top six tyre-makers by value are forecast to see
average revenue growth of 11.8 percent in the fiscal year that
started this month, according to Thomson Reuters SmartEstimates.
That would be the fastest expansion in three years.

Apr 3, 2014

India soymeal exports to Iran hit as sanctions on Tehran ease

MUMBAI, April 3 (Reuters) – India’s near-monopoly in soymeal
exports to Iran has been diminishing and exports could drop by
nearly a third as Tehran’s nuclear deal with the West paved the
way for rival south American suppliers to boost their trading
with the oil-rich country, industry officials said.

The south Asian country’s total soymeal exports would drop
due to lower purchases by Iran in the 2013/14 year ending Sept.
30 and force Asia’s biggest soymeal exporter to rationalise
prices for other buyers like Japan and Vietnam.

Apr 1, 2014

India to buy Uralkali potash at lowest price in 7 years – sources

MUMBAI/MOSCOW, April 1 (Reuters) – India has agreed to buy
potash from Russia’s Uralkali at the lowest price in
seven years and about a quarter less than last year’s level, two
industry sources told Reuters on Tuesday.

The bargaining power of buyers has increased since Uralkali,
the world’s largest potash producer, broke away in July from a
sales alliance with Belarus – Belarusian Potash Company – with
global potash prices falling more than 20 percent.

Mar 28, 2014

India cuts potash subsidy by nearly a fifth, to hit imports

MUMBAI, March 28 (Reuters) – India has cut potash subsidy by
nearly a fifth to 9,400 rupees ($160) per tonne for the year
starting April in an effort to contain a ballooning fiscal
deficit, a government source and an industry official told
Reuters on Friday.

A smaller subsidy would keep retail potash prices elevated
despite a drop in overseas prices, dashing hopes for a recovery
in demand in one of the world’s top importers of the fertiliser.
Global miners have been banking on Indian imports to help
counter a slump in prices.

Mar 27, 2014

Ruchi Soya expects India’s sunflower oil imports to hit record high

MUMBAI, March 27 (Reuters) – India’s sunflower oil imports
are likely to jump more than half to a record high in the year
through October 2014, as it trims palm oil purchases on a likely
drop in output from Indonesia and Malaysia, said an executive at
India’s biggest edible oil buyer.

A rise in sunflower oil imports would support prices that
are under pressure due to a record crop in top producer Ukraine,
but would cap palm oil prices that hit an 18-month high
this month on the likely drop in output from Southeast Asia.

Mar 24, 2014

Farmers driven to suicide as hail ruins crops

MUMBAI (Reuters) – Unseasonal rains and hailstorms this month have damaged the winter-sown crops of millions of Indian farmers, but Rekha Garole lost more than others.

Her 42-year-old husband Santuka killed himself this month after hail devastated the wheat and chickpea crops that they had been counting on to repay a bank loan of 90,000 rupees.

    • About Rajendra

      "Rajendra is a commodities correspondent based in Mumbai. He has been tracking agriculture commodities along with agrochemicals and fertilisers for Reuters since 2006. He loves to report on what's changing in the city's hinterland as urbanisation gains pace in India's predominantly agrarian economy."
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