New Delhi | Reuters – India will launch a 110 billion rupee ($1.48 billion) plan to boost domestic oilseed production to make the country self-sufficient in edible oil, Prime Minister Narendra Modi said on Monday, a move that will cut costly vegetable oil imports. India is the world’s biggest vegetable oil importer and spends an […] Read more
India to launch $1.48 bln plan to raise oilseed output, cut imports
Pulse weekly outlook: India’s tariff elimination has little effect on Canada
MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31. […] Read more
Pulse weekly outlook: India likely in need of more lentils
MarketsFarm — A recent webinar co-hosted by the India Pulses and Grains Association and Pulse Australia focused on lentil production in the two countries, with tighter Indian supplies likely leading to increased import demand going forward. “The share of Australian lentils in India’s import has been 10 to 15 per cent over the last seven-eight […] Read more
India’s federal police probe bosses of two fertilizer companies
Large-scale nutrient purchases often known to sway spot prices
Mumbai | Reuters — Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases. The Central Bureau of Investigation (CBI), India’s top crimefighting agency, said late Wednesday it was investigating U.S. Awasthi, managing director of […] Read more
Pulse weekly outlook: Harvest shortcomings could open doors to India
MarketsFarm — As India’s pulse harvest continues, indications have been that initial projections might not be met — which could lead the world’s largest producer and consumer of pulses to allow more imports, MarketsFarm Pro analyst Mike Jubinville says. The Indian government expected about 11.5 million tonnes of chickpeas, but the harvest might bring in […] Read more
Pulse weekly outlook: Seeding numbers may exceed USDA expectations
MarketsFarm — The U.S. Department of Agriculture’s (USDA) prospective plantings report, delivered March 31, provided a mixed bag for pulse growers in that country as far as the numbers are concerned. Some analysts, however, believe the actual acres seeded will top USDA’s projections. Increasing demand from China, India and a recovering domestic market have raised […] Read more
Pulse weekly outlook: Turkey’s record-level lentil imports expected to decrease
Country's domestic acreage expected up in 2021
MarketsFarm — Canadian lentil exports to Turkey reached unprecedented numbers in 2020. According to Statistics Canada data, Turkey imported 534,160 tonnes worth $355 million during the calendar year, making it the second-largest buyer of Canadian lentils behind India. Last year’s total nearly equalled the amount of lentils Canada exported to Turkey over the previous three […] Read more
UN urges ‘maximum restraint’ as India farm protesters widen blockade
Mumbai | Reuters — The United Nations human rights office called on Indian authorities and protesting farmers to exercise “maximum restraint” hours before the growers impose a nationwide road blockade on Saturday seeking a repeal of new agricultural laws. Tens of thousands of farmers have camped out on the outskirts of New Delhi for more […] Read more
Indian farm protesters reinforce after standoff with police
New Delhi | Reuters — Thousands of Indian farmers marched overnight to reinforce protesting colleagues camping out on the outskirts of the capital, New Delhi, to press the government to withdraw three new farm laws that they say will hurt their livelihoods. In a standoff between riot police and the farmers, authorities tried to clear […] Read more
Indian farmers ride caravan of tractors into capitol ahead of Republic Day
Farmers reject government's offer to suspend ag market reforms
New Delhi | Reuters — Caravans of tractors clogged a key highway in northern India on Monday as tens of thousands of farmers protesting against agriculture reforms streamed into the capital ahead of Republic Day, and police said they were prepared to deal with the crowds. India marks its founding as a republic on Tuesday […] Read more