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Mar 25, 2015

India expected to be self-sufficient in synthetic rubber by 2017- industry

MUMBAI, March 25 (Reuters) – India is expected to become
self-sufficient in synthetic rubber by 2017 as its production
capacity triples, industry executives said, improving raw
material supply for tyre makers in a country that is home to one
of the world’s biggest car markets.

Overseas purchases account for most of India’s synthetic
rubber requirements now and self sufficiency means it will need
to spend $1 billion less on imports annually, slightly easing
the country’s trade deficit that was at $139 billion last year.

Mar 23, 2015

Spreading beef bans hit farmers, traders – and lions

MUMBAI (Reuters) – Farmer Nitin Tarode wants to sell his old bull to help pay for his sister’s wedding after his income was hit by patchy rainfall.

But he has struggled to find a buyer who will pay a decent price because of a ban on slaughtering cows, bulls and bullocks in Maharashtra, the state run by Prime Minister Narendra Modi’s Hindu nationalist party.

Mar 23, 2015

Spreading beef bans hit Indian farmers, traders – and lions

MUMBAI, March 23 (Reuters) – Indian farmer Nitin Tarode
wants to sell his old bull to help pay for his sister’s wedding
after his income was hit by patchy rainfall.

But he has struggled to find a buyer who will pay a decent
price because of a ban on slaughtering cows, bulls and bullocks
in Maharashtra, the western state run by Prime Minister Narendra
Modi’s Hindu nationalist party.

Mar 13, 2015

Proposed duty increase seen unlikely to stem rubber imports

MUMBAI (Reuters) – A proposal by the trade ministry to raise the import duty on natural rubber to 25 percent from 20 percent is unlikely to stem inflows of the tyre-making raw material as local prices remain some way above world prices, industry operators said.

In December the ministry wrote to the finance ministry seeking a change in the duty. No decision has been taken yet but Trade Minister Nirmala Sitharaman repeated the demand on Thursday in a debate in parliament on the plight of rubber farmers.

Mar 13, 2015

Proposed Indian duty increase seen unlikely to stem rubber imports

MUMBAI, March 13 (Reuters) – A proposal by India’s trade
ministry to raise the import duty on natural rubber to 25
percent from 20 percent is unlikely to stem inflows of the
tyre-making raw material as local prices remain some way above
world prices, industry operators said.

In December the ministry wrote to the finance ministry
seeking a change in the duty. No decision has been taken yet but
Trade Minister Nirmala Sitharaman repeated the demand on
Thursday in a debate in parliament on the plight of rubber
farmers.

Mar 12, 2015

Sugar output could rise nearly 2 percent from previous forecast

PUNE, India (Reuters) РIndia’s sugar output could rise nearly 2 percent this year from a previous forecast, as production in top-producing Maharashtra is expected to hit a record high, trade and government officials said on Thursday.

India’s sugar output is expected to reach 26.5 million tonnes in the year to September 2015, half a million tonnes more than a previous forecast of a leading industry body, Yatin Wadhwana, managing director of Sucden India, said at the India Sugar Forum conference.

Mar 12, 2015

India’s sugar output could rise nearly 2 pct from previous forecast

PUNE, India, March 12 (Reuters) – India’s sugar output could
rise nearly 2 percent this year from a previous forecast, as
production in top-producing state Maharashtra is expected to hit
a record high, trade and government officials said on Thursday.

India’s sugar output is expected to reach 26.5 million
tonnes in the year to September 2015, half a million tonnes more
than a previous forecast of a leading industry body, Yatin
Wadhwana, managing director of Sucden India, said at the India
Sugar Forum conference.

Mar 12, 2015

Weak Brazilian real thwarts India’s efforts to boost sugar exports

PUNE, India, March 12 (Reuters) – A sharp drop in the
Brazilian real has thwarted India’s efforts to step up raw sugar
exports despite New Delhi’s decision to give an incentive to
boost shipments, industry officials said.

Lower exports from India, the world’s biggest sugar producer
behind Brazil, could help to revive benchmark New York prices
that touched a six-week low on Wednesday.

Mar 10, 2015

Untimely rains to cut India’s chickpea output in 2015, lift imports

MUMBAI, March 10 (Reuters) – India’s production of chickpea,
a widely consumed variety of pulses, is set to drop by over a
fifth in 2015 from a year ago as unseasonal rains hit standing
crop nearing maturity and on reduced sowing, two dealers and a
miller said.

Lower output will force the world’s biggest importer of
pulses to raise purchases from Canada, Australia and Myanmar. It
will also lift local chickpea prices, already up 21
percent in the last three months, and stoke food inflation.

Mar 5, 2015

Natural rubber output to resume growth in 2015, China imports to drop -ANRPC

KOCHI, India, March 5 (Reuters) – Global natural rubber
output could jump over 5 percent this year after posting its
first drop in a half-decade in 2014, as a price rebound prompts
more tapping in key producers Thailand, Vietnam and India, a top
industry official said.

The Association of Natural Rubber Producing Countries
(ANRPC) expects international output of 11.18 million tonnes in
2015, its secretary-general told Reuters.

    • 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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