Reading Time: < 1 minute New Delhi | Reuters – India has doubled its import tax on wheat to 20 per cent, according to a government order made on Wednesday, as the world’s second biggest producer tries to rein in imports to support local prices. In the last two years India has been importing wheat after local production fell due […] Read more
India doubles wheat import tax, imposes 50 per cent tax on peas
Pulse crop sales to India dry up over pest-control plan
Reading Time: 2 minutes Winnipeg/Mumbai | Reuters –– Canadian exporters are slowing sales of peas and lentils to India, threatening $1.1 billion in annual trade of the food staples, over risk that New Delhi may reject shipments under its tougher approach to pest control. India requires shippers to fumigate crops with methyl bromide, an insect-killing gas, in the country […] Read more
Scorching heat delays India’s rapeseed sowing
Reading Time: 2 minutes Mumbai / Reuters – Above-normal temperatures have delayed rapeseed sowing in India’s top producing region by more than a fortnight and restricted acreage expansion, even though prices are trading near record highs, industry officials said. The delays are helping support rapeseed prices and could force the world’s biggest edible oil importer to increase overseas purchases of […] Read more
India’s drought a bonanza for Canadian pulse growers
Reading Time: 2 minutes Winnipeg/Mumbai | Reuters — Prices for Canadian pulses typically ease toward the end of the year but a recent dry spell in distant India, the world’s top producer and consumer, is driving them up. Back-to-back drought years for the first time in three decades has eroded India’s output of pulses and boosted imports. Global prices […] Read more
India onion prices fuel food inflation
Reading Time: 2 minutes Onion prices in India hit a two-and-a-half-year high on Wednesday riding a supply squeeze due to last year’s drought in key growing areas, and traders expect prices to spiral up further in a month as demand remains strong due to Ramadan. Onion is a common ingredient in many Indian dishes. Soaring prices of the vegetable […] Read more
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