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Jan 30, 2015

India’s raw sugar exports may halve on export incentive delay

MUMBAI/NEW DELHI, Jan 30 (Reuters) – India’s raw sugar
exports could halve this year as mills wait for the government
to give the go-ahead for an increased production subsidy,
traders said, potentially supporting depressed global prices.

India exported more than 1 million tonnes of raw sugar in
2014 and mills had hoped to export up to 2 million tonnes this
year, taking advantage of a sales window before leading exporter
Brazil comes to the market.

Jan 27, 2015

India 2014/15 soymeal exports seen at 26-year low as Iran buys less

MUMBAI, Jan 27 (Reuters) – India’s soymeal exports are set
to hit a 26-year low in the year ending March as easing of
sanctions against Iran allows the key buyer to opt for cheaper
South American supplies, industry officials said.

Lower Indian sales could underpin Chicago soymeal futures
, which fell almost 17 percent in 2014, while weak export
demand could drag on domestic soybean prices. The oilseed is
crushed to produce soyoil and the animal feed.

Jan 21, 2015

Indian gold discounts widest in 17 months, anticipates duty cut

MUMBAI (Reuters) – Indian gold importers are offering a discount of up to $16 an ounce versus London prices, the widest in 17 months, as jewellers curtail purchases ahead of a possible cut in the import duty.

India, which vies with China as the world’s top gold consumer, raised import taxes on the metal to 10 percent in a series of hikes to August 2013 as policymakers scrambled to narrow a gaping current account deficit and arrest a free fall in the currency.

Jan 14, 2015

Rural India slowdown threatens Modi’s promise of “better days”

PADALI, India, Jan 15 (Reuters) – Sugarcane grower Nilesh
Kadam has abandoned plans to buy a tractor. He doesn’t have
enough money, like many Indian farmers hit by erratic weather
and sliding prices for the cotton, soybean and rubber they
produce.

Tougher times in rural communities spell bad news for Prime
Minister Narendra Modi, who swept to power last May with a
promise of “better days” – new jobs and development to lift
hundreds of millions of Indians out of poverty.

Dec 24, 2014

Rubber farmers curb tapping and miss chance in tyre boom

ELAMGULAM, Kerala (Reuters) – Several rubber farmers have put away their tapping knives and switched to planting other crops, as ample global supplies and sinking benchmark prices of the tyre-making raw material squeeze their profit margins.

But this means local rubber farmers are likely to miss out on an expected boom in tyre demand from rising car use in India, paving the way for cheaper imports and supporting Asian prices that have dropped almost 26 percent this year.

Dec 24, 2014

India’s rubber farmers curb tapping and miss chance in tyre boom

ELAMGULAM, India, Dec 24 (Reuters) – Several Indian rubber
farmers have put away their tapping knives and switched to
planting other crops, as ample global supplies and sinking
benchmark prices of the tyre-making raw material squeeze their
profit margins.

But this means local rubber farmers are likely to miss out
on an expected boom in tyre demand from rising car use in India,
paving the way for cheaper imports and supporting Asian prices
that have dropped almost 26 percent this year.

Dec 18, 2014

Dealers offer gold discount for first time in five months

MUMBAI (Reuters) – Gold importers are offering a discount of $2 an ounce versus London prices for the first time in almost five months due to market oversupply.

Importers generally charge a premium over London prices but demand in the world’s second-biggest gold consumer is expected to fall sharply this month after shipments surged in the past three months.

Dec 18, 2014

Indian dealers offer gold discount for first time in 5 months

MUMBAI, Dec 18 (Reuters) – Indian gold importers are
offering a discount of $2 an ounce versus London prices for the
first time in almost five months due to market oversupply.

Importers generally charge a premium over London prices but
demand in the world’s second-biggest gold consumer is expected
to fall sharply this month after shipments surged in the past
three months.

Dec 15, 2014

India seen approving sugar export incentives, bearish for prices

MUMBAI/LONDON (Reuters) – India is likely to approve raw sugar export incentives soon, but a cabinet decision risks being delayed by the government’s insistence that mills pay cane arrears to farmers.

A decision on raw sugar incentives could weigh on global sugar prices as additional Indian supplies will hit the world market at competitive prices. Mills are holding white sugar stocks and will produce raws if the government sets a subsidy.

Dec 11, 2014

Asia Sugar-Thai raw sugar premiums rise; trade waits for Indian subsidy news

MUMBAI, Dec 11 (Reuters) – Thai raw sugar premiums rose this
week but trade was muted after last week’s brisk activity.

“From the old Thai crop very little quantity is available
for trade. The crushing has started in Thailand and new-season
crop has been offered for January and February delivery,” said a
Singapore-based dealer.

    • 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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