Rajendra's Feed
Apr 17, 2015

Higher sales brewing for India’s tea exporters as drought grips Kenya

MUMBAI, April 17 (Reuters) – Lagging rains, output and
demand were just some of the things worrying Bidyananda
Barkakoty, a small tea garden owner in a northeastern Indian
state, until about a month ago. A recent dry spell in distant
Kenya has since given him a reason to smile.

Barkakoty is hoping the crop-damaging drought in top tea
exporter Kenya will open a window of opportunity for Indian
planters like him as rains improve output prospects at home.
Industry sources are projecting a rise of about a tenth in
exports this year from India, the world’s No.2 tea producer.

Apr 9, 2015

Farmers trim gold purchases, threatening rebound in global prices

SHINGAVE NAIK, India (Reuters) – Gold demand in the world’s biggest consumer India risks falling for a second straight year in 2015, as millions of Indian farmers hit by erratic weather and falling commodity prices trim gold purchases.

Nearly two-thirds of India’s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.

Apr 9, 2015

Indian farmers trim gold purchases, threatening rebound in global prices

SHINGAVE NAIK, India, April 9 (Reuters) – Gold demand in the
world’s biggest consumer India risks falling for a second
straight year in 2015, as millions of Indian farmers hit by
erratic weather and falling commodity prices trim gold
purchases.

Nearly two-thirds of India’s gold demand comes from rural
areas where jewellery is a traditional store of wealth for
millions who have no access to the formal banking system.

Apr 1, 2015

India seeks potash bargain after Belarus-China deal

MUMBAI, April 1 (Reuters) – Belarus’ deal to sell potash to
China at a lower-than-expected price has prompted India to seek
a similar bargain ahead of the signing of new contracts this
month, a move that could hit spot rates already under pressure
due to stiff competition.

Belarusian Potash Company (BPC) last month agreed to raise
the price of potash exports to China, the biggest consumer and
which sets the benchmark, by $10 to $315 per tonne, undercutting
Russian and North American rivals who were negotiating for a
hike of $25-$30.

Mar 30, 2015

Palm oil share in India’s edible oil imports seen at 9-year low -industry

MUMBAI, March 30 (Reuters) – The share of palm oil in
India’s growing edible oil imports is expected to drop to the
lowest since 2005/06 in the current year to October, as a
narrower discount for prices of the tropical oil versus that of
rival soyoil hurts demand.

This shift in buying pattern at the world’s top palm oil
importer could drag on benchmark prices that have shed
3 percent in 2015 amid ample global soyoil supplies. Weak Brent
crude prices have also dragged by making palm an
unattractive option for blending into biodiesel.

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.

    • 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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