Global food commodity prices decline in July: FAO
Rome, Aug 5 (IANS) The benchmark for world food commodity prices declined significantly in July, with major cereal and vegetable oil prices recording double-digit percentage declines, the...
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US Wheat News & Analysis
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3 more grain vessels set to sail from Ukraine on Friday
Ankara, Aug 5 (IANS) Three ships loaded with grain and other food supplies that have been waiting in Ukrainian ports are scheduled to set sail on Friday, Turkish Defence Minister Hulusi Akar...
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EU plans to shore up alternative routes for Ukrainian grain exports
Brussels, Aug 4 (IANS) Despite the resumption of grain exports from Ukraine's Black Sea ports under a UN and Turkish-brokered deal between Moscow and Kiev, the European Union (EU) intends to...
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India's merchandise trade deficit for July at $31 bn
Chennai, Aug 3 (IANS) India's merchandise trade deficit -- excess of imports over exports -- touched $31.02 billion last month up from $26.18 billion in June 2022. According to BVR...
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Pakistan's inflation climbs to 24.9 pct in July
Islamabad, Aug 3 (IANS) Pakistan's consumer price index (CPI), a main gauge of inflation, rose 24.9 per cent year on year in July as compared to the same month a year ago when it was...
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Food prices soaring across developing world amid Ukraine crisis
London, Aug 2 (IANS) Food inflation has soared across much of the developing world since Russia's invasion of Ukraine and has trapped several richer countries in a cycle of rising prices, a...
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The commodity market boom is over
New Delhi, Aug 2 (IANS) Energy, metals and agriculture prices have all tumbled from their March peak on inflationary recession fears amid a slew of economic warning signs, but a commodity...
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Factors leading to rise in inflation in India
Mumbai, Aug 2 (IANS) India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market and increase in...
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Pakistan's inflation climbed to 24.9% in July
Islamabad, Aug 2 (IANS) Pakistan's consumer price index (CPI) rose 24.9 per cent year on year in July as compared to the same month a year ago when it was recorded at 8.4 per cent, according...
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Delhi: Kitchen commodity prices record substantial rise in July
New Delhi, Aug 1 (IANS) Amid the debate over inflation and price rise, the latest data from the Consumer Affairs Department revealed that prices of kitchen commodities including wheat, rice,...
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ITC posts all round robust growth across all businesses in revenue, profitability
Kolkata, Aug 1 (IANS) ITC Ltd (NS:ITC) has posted record quarterly revenue and profits for the quarter ended June 30, with gross revenue up 41 per cent, and EBITDA up 41.5 per cent on a...
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Ukraine President's comments likely to intensify fears of worldwide grain shortage
Kyiv, Aug 1 (IANS) President Volodymyr Zelenskiy has said Ukraine's harvest this year could be half its usual amount because of the Russian invasion, in comments likely to intensify fears of...
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Grain Prices Ease as First Ship Leaves Ukraine Port Under UN Deal
By Geoffrey Smith Investing.com -- Grain prices eased on Monday after a ship left a Ukrainian port with a cargo of corn for the first time since a UN-brokered deal came into force last...
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1st ship with grain leaves Ukraine's Odesa port
Kiev, Aug 1 (IANS) The first cargo ship carrying grain has left Ukraine's Odesa port in line with a grain exports deal signed between Kiev and Moscow last month in Istanbul, Infrastructure...
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China Slows, Ukraine Grain Ship, Shale Earnings - What's Moving Markets
By Geoffrey Smith Investing.com -- China's economy slowed again in July, suggesting a rocky road to full recovery. PMIs from around the world point to a generalized slowdown except in India....
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Inflation-Hit Consumers Are Trading Down to Chicken From Beef
(Bloomberg) -- Meat eaters stung by the worst food inflation in four decades are trading down from beef to chicken, according to one of the world’s biggest crop traders. Inflation pressure...
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African Union hails Russia-Ukraine grain export deal
Addis Ababa, July 24 (IANS) The Chairperson of the African Union (AU) Commission Moussa Faki Mahamat hailed the grain export deal that Russia and Ukraine separately signed in Istanbul on...
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Russia, Ukraine to Sign Deal Guaranteeing Safe Passage for Agricultural Products
By Geoffrey Smith Investing.com -- Russia will sign an agreement with Ukraine on Friday guaranteeing safe passage for exports of grain and other agricultural products from the war-torn...
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Snapchat Woes, Twitter Earnings, Wheat Deal, PMIs - What's Moving Markets
By Geoffrey Smith Investing.com -- Snapchat puts a chill on the relief rally, putting Twitter results in sharp focus. Stocks are due to open lower but are still on course for their highest...
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Pakistan allows state-owned company to import 0.3 million tons of wheat to manage strategic reserves
Islamabad, July 21 (IANS) Pakistan's Economic Coordination Committee (ECC) of the cabinet has allowed the state-owned Trading Corporation of Pakistan (TCP) to import 0.3 million tons of...
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German weather service expects extreme heat to continue
Berlin, July 21 (IANS) The heat wave that is sweeping across Europe continues to wreak havoc in Germany, the country's meteorological service (DWD) has said here. The "focus of the heat is...
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No GST on food items when sold loose, clarifies Sitharaman
New Delhi, July 19 (IANS) Following uproar in the Parliament over GST on food items, Union Finance Minister Nirmala Sitharaman on Tuesday defended the imposition of 5 per cent GST on food...
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Pakistan's bubble is collapsing
Pakistan, whose economy is already weak because of decades of corruption, mismanagement, and unstable governance, has been particularly vulnerable, Michael Rubin wrote for National...
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Lebanese Prez urges FAO to help export agricultural products
Beirut, July 19 (IANS) Lebanese President Michel Aoun has urged the Food and Agriculture Organisation of the United Nations (FAO) to help promote and export Lebanon's agricultural products...
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Curd, Paneer turn costlier by 5%, issues for retailers & manufacturers remain
"The GST falls at the time of sale. The problem now will be with the old stock sporting the Maximum Retail Price (MRP). A retailer cannot sell at a price that is more than MRP nor he can...
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Pak minister warns India of 'potentially catastrophic consequences' from Kashmir tensions
"If the tensions created by India's current policies in occupied Kashmir and aggressive postures are left unattended, it could lead to another conflict in the region with potentially...
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Inflation to ease in second half of FY23: RBI Governor
New Delhi, July 9 (IANS) The inflation in India is expected to ease in a gradual manner in the second half of FY23, said Shaktikanta Das, Governor, Reserve Bank of India (RBI) on...
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Commodities Have Lost 20% Since June’s Peak Amid Recession Fears
(Bloomberg) -- A key commodities gauge has plummeted since reaching an all-time high a month ago as recession fears ravage what was one of the most resilient corners of the market. The...
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Canadian wheat area rises to highest level in decade
Ottawa, July 6 (IANS) Canadian farmers reported planting 25.4 million acres of wheat in 2022, up 8.7 per cent from 2021, to the highest level in a decade, Statistics Canada has said. Higher...
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Trade deficit, capital outflows Indian rupee: USD to be at Rs.78.50-80: Kotak Securities
Chennai, July 5 (IANS) High crude prices and relatively strong domestic demand weighed on India's June trade deficit at $25.6 billion, said Kotak Securities. In a research report, Kotak...
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Natural Gas Soars 700%, Becoming Driving Force in the New Cold War
(Bloomberg) -- One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from US shale basins, chills it into a liquid and ships it overseas. It was...
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Europe’s Gas Emergency Tops Formidable Risk-List For Commodities
(Bloomberg) -- Commodities opened Monday on steadier footing after last week’s turmoil, but investors face a daunting slate of immediate risks -- from a European gas crisis to fresh Covid-19...
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German inflation slows down to 7.6% in June
Berlin, June 30 (IANS) The upward trend in prices in Germany is slowing down as inflation declined to 7.6 per cent in June, according to preliminary figures published by the Federal...
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Unbranded packaged foods to be brought under GST
Chennai, June 29 (IANS) Unbranded pre-packaged food items, hotels with room rent less than Rs 1,000 to be brought under the Goods and Services Tax (GST) net seems to be the decision of the...
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AU to extend insurance to agriculture, green energy sectors
Nairobi, June 29 (IANS) The African Risk Capacity, a specialised agency of the African Union, has said that it will extend insurance covers to the continent's agriculture and green energy...
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After Russian missile strike on mall, India says civilian deaths 'deeply disturbing'
India's Deputy Permanent Representative R.Ravindra said on Tuesday: "Reports of deaths of civilians in the ongoing Russia-Ukraine conflict are deeply disturbing and in this regards we...
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The Nasdaq Leads the Stock Market Lower in Slow Monday Trading
By Daniel Shvartsman Investing.com -- Leading U.S. indices drifted lower in Monday trading, with the Nasdaq leading the push lower as the so-called bear market rally took a breather after a...
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Unicef appeals for funding to tackle lethal child undernutrition
United Nations, June 24 (IANS) The Unicef has appealed for funding to meet the urgent needs of 8 million children at risk of death from severe undernutrition ahead of this year's G7...
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India warns of Afghanistan becoming haven for JeM, LeT; calls for int'l action
India's Permanent Representative T.S. Tirumurti told the UN Security Council on Thursday, "We need to see concrete progress in ensuring that such proscribed terrorists, entities or their...
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Italian food group chief warns of major food challenges
Rome, June 23 (IANS) President of Italy's main food and beverage industry group has warned that food supply issues stemming from the conflict in Ukraine risk causing major problems in Italy...
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ITC posts robust growth in revenues & profits surpassing pre-pandemic levels
Kolkata, June 22 (IANS) In spite of significant disruptions during the year, ITC (NS:ITC) posted robust growth in revenues and profits, surpassing pre-pandemic levels. ITC's...
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Legitimate exercise of freedom of expression essential to counter intolerance: India
"The legitimate exercise of the right to freedom of opinion and expression under a Constitutional framework plays an important and positive role in strengthening democracy, promoting...
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ECB warns of food inflation effects on eurozone
Frankfurt, June 22 (IANS) Food inflation in the eurozone is likely to remain high due to the Russia-Ukraine crisis and the surge in global commodity prices, according to the European Central...
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Heavy floods damage crops in China, leading to concerns over food shortage
Severe weather fluctuations from floods to droughts in China, which has 1.4 billion people, have become a cause for concern. Xinhua News said that to prevent floods in the southern parts of...
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Survival of the fittest: Stocks that have sailed against the market tide
New Delhi, June 18 (IANS) It's a perfect storm in global capital markets in 2022 as all global major indices have been seeing strong headwinds, emanating from high inflation, and subsequent...
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US wheat crop output suffers from drought
Washington, June 16 (IANS) Almost four months after the Russia-Ukraine war impacted the global wheat trade, the world was looking forward to the harvest from the US - the world's fourth...
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Turkey seeks to persuade Russia, Ukraine into grain deal to prevent food crisis
Ankara, June 15 (IANS) Turkey is seeking to broker a grain corridor from Ukraine across the Black Sea as part of a United Nations-backed effort to avert a food crisis. Ukraine is a major...
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