India 2021-22 wheat exports seen falling 10% on year amid COVID-19 shutdowns: sources
After exporting a record quantity of wheat in 2020-21, India’s overseas sales of the food grain during the current marketing year are seen declining 10% over the year as localized lockdowns are propping up export prices, sources told S&P Global Platts.
India, the second-largest wheat producer, made a comeback as an exporter after several years as global prices climbed with inventories hitting a two-year low in 2020-21.
In the 2020-21 marketing season, India exported 2.1 million mt of wheat against 219,690 mt in the previous year, according to Agricultural and Processed Food Products Export Development Authority. India’s wheat marketing year runs from April through March.
India set to export rice to the Philippines after reduction of import duty to 35%
SECTIONS
Share
Synopsis
In 2020-21, India’s rice exports almost doubled to an all-time high of 17.7 metric tonnes from 9.5 metric tonne in the previous financial year. There was an almost 4% increase in basmati exports to 4.45 metric tonnes and a 160% surge in non-basmati rice exports to 13.09 metric tonnes, according to data with Agricultural and Processed Food Products Export Development Authority.
Agencies
The annual rice import in the Philippines is estimated to be about 2.5 million tonnes
India’s rice exporters are gearing up to ship the grain to the Philippines from next month as the Southeast Asian nation has reduced the import duty on rice being shipped from India to 35% from 50%. Philippines is the second-largest importer of the commodity in the world.
India is heading for its largest wheat harvest on record in 2021-22 (April-March) amid recently brightened prospects for higher exports in the current marketing season that ends on March 31. India’s 2020-21 wheat harvest is expected to hit a record 107.6 million mt, and a record planting and favorable weather conditions have fueled the expectation .
Agri Picks Report: Geojit
According to Geojit, For the second time in less than a week, the Centre has invited farmer leaders for a fresh round of talks to end the deadlock over three recent agricultural laws. December 29, 2020 / 12:12 PM IST
Geojit s report on Agri Picks
For the second time in less than a week, the Centre has invited farmer leaders for a fresh round of talks to end the deadlock over three recent agricultural laws. It has proposed to hold the discussions at 1400 IST on Wednesday at Vigyan Bhawan in New Delhi. The sugar export subsidy of 35 bln rupees for 2020-21 (Oct-Sep), stable domestic demand, higher cane diversion towards ethanol and its higher prices will increase the operating margin of sugar mills by 100-200 basis points in 2020-21 (Apr-Mar), CRISIL said in a report. India s non-basmati rice exports during Apr-Nov were at around 7.0 mln tn, up 123% from the year-ago period, according to data from Agricultural and Processed Food Products Export Developme
Cogencis | Home cogencis.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cogencis.com Daily Mail and Mail on Sunday newspapers.