BL Commodities

In this episode of #TrendingCommodityPicks, we explain how extreme weather occurrences such as droughts, heatwaves, and unseasonal rains are influencing agricultural production and raising food costs. businessline

Nickel prices will likely continue to be under pressure on substantial surplus in the market and the discovery of the metal at Wedei prospect in Papua New Guinea (PNG), say analysts. Fitch Solutions Think-Ing

In this OpEd page article, I argue that a steep hike in penalties for fraud under the National Programme of Organic Products and blacklisting erring firms are the need of the hour.

Gold is finding new ways to rise to new record highs. Now, it is the uncertainty over the US presidential elections. Given the geopolitical tensions in the Middle East, the haven demand is another booster. 

The Indian government has reportedly decided to scrap the $490 a tonne minimum export price (MEP) on non-basmati white rice and the 10 per cent export duty on parboiled rice. The decision was taken at a high-level inter-ministerial panel on Wednesday. With prabhudatta mishra

In a new twist to the organic rice export irregularities case, the Commissioner of Customs, Kandla, has asked the Deenadayal (Kandla) port authorities to release one of the two merchant vessels MV Della it had detained in August. The Commissioner said the other vessel SW South Wind I could be allowed to set sail after getting a release order from the Gujarat High Court. #organicrice The Agricultural and Processed Food Products Export Development Authority (APEDA)

Good news for #basmati rice lovers! Prices are plummeting due to a bumper crop. Discover in #TrendingCommodityPicks why you can enjoy cheaper pulavs and biriyanis! businessline

A request by the Indian Sugar & Bio-energy Manufacturers Association (ISMA) to the Food Ministry to regulate and curb khandsari (raw and unrefined) sugar has triggered a controversy, with manufacturers of traditional sweeteners such as gur (jaggery) opposing it. ALL INDIA SUGAR TRADE ASSOCIATION - AISTA

Chances are bleak for the La Nina weather to emerge at least until February, the Australian Bureau of Meteorology (BoM) said Tuesday. “The chance of a La Niña event developing in the coming months has decreased compared to recent outlooks...,” BoM said in its latest Climate Driver Update.

The issue of irregularities in the export of non-basmati white rice, which was shipped as organic rice, is turning out to be graver than expected. Some of the exporters who have been affected by this episode as their shipments got held up are now approaching the courts seeking compensation. FarMart MEIR Commodities