India’s agriculture & allied commodities exports rose by 11% to $ 30 billion April-Oct, 2022

[walterbibikow]

Agri-exports had risen by 20% to $ 50.24 billion in the previous fiscal. Wheat, basmati rice, raw cotton, castor oil, coffee, and fresh fruits are the major commodities exported​

India’s export of agriculture and allied commodities rose by 11% in dollar term to $ 30.21 billion during the April-October period of the current fiscal year compared to the same period in 2021-22, the agriculture ministry said on Monday.

Agri-exports had risen by 20% to $ 50.24 billion in the previous fiscal.

Wheat, basmati rice, raw cotton, castor oil, coffee, and fresh fruits are the major commodities exported.

According to provisional data by the Directorate General of Commercial Intelligence and Statistics, the value of Basmati rice exports rose by more than 37% in the first seven months of the current fiscal to $ 2.5 billion. Shipment of non-Basmati rice registered a growth of 8% to $ 3.2 billion during the same period.

Export realisation from shipment of aromatic long grain Basmati rice grew by 23% to $1056/tonne in the April – October, 2022-23 period from $ 857/tonne realized in the same period previous year.

Wheat exports registered an increase of 70% on year to $ 1.5 billion in April-October 2022-23. India had banned shipment of wheat in May while allowing only those consignments aimed at meeting food security needs of developing countries. In the current fiscal, India has exported 4.6 million tonne (MT) of wheat so far while 7 MT of grain was shipped in FY22.

The agriculture ministry said there was improvement in the farm produce logistics with the introduction of ‘Kisan Rail’ service from July 2020. Till December this year, Kisan rails were operated on 167 routes in the country.

The agriculture ministry statement said around 1,260 wholesale mandis in 22 states and three union territories have been integrated with the electronic-National Agriculture Market (e-NAM). More than 17.2 million farmers and 0.21 million raders registered on the e-NAM platform till the current month, it said.

https://www.financialexpress.com/economy/indias-agriculture-amp-allied-commodities-rose-by-11-to-30-billion-april-oct-2022-agriculture-ministry/2927364/

 

[walterbibikow]

India considers lifting rice export curbs as supply improves​

India, the world’s biggest rice exporter, is likely to lift restrictions on grain shipments in a move that would mark a further easing of a global wave of food protectionism after Russia’s invasion of Ukraine. Authorities are actively considering removing curbs on some rice exports as domestic prices are stable, according to a person familiar with the matter. Government stockpiles are adequate to meet the needs of welfare programs, said the person, who asked not to be identified as the information is private.

India accounts for about 40 per cent of the global rice trade. Any relaxation of the export curbs will likely cool benchmark prices in Asia, which are trading near the highest since mid-2021. The move is being discussed as concerns over food inflation have eased. Global food costs ended 2022 roughly where they started despite a year of disruptions from the war in Ukraine and extreme weather. A spokesperson for the food and commerce ministries declined to comment.


India imposed a 20 per cent duty on exports of white and brown rice in September, and banned broken rice sales abroad. The curbs, which apply to about 60 per cent of Indian rice exports, came on top of restrictions on wheat and sugar sales. Shares of Indian rice producers and exporters surged Tuesday on expectations that any change in shipment rules will potentially boost their sales. KRBL Ltd., one of the biggest shippers, climbed as much as 3.2 per cent. LT Foods Ltd. rose 4 per cent, while Chaman Lal Setia Exports Ltd. jumped 5.4 per cent.

The Rice Exporters Association will call on the government to scrap some limits on exports as domestic supplies have increased following the harvest of monsoon-fed crops. The industry group will seek approval to ship at least 1 million tons of broken rice and request that the 20 per cent tax on white rice exports be removed, according to B.V. Krishna Rao, president of the group.

Increased availability of the grain helped the government to boost its purchases for various welfare programs. The federal agencies have bought 53 million tons of unmilled rice as of Jan. 1 from the 2022-23 crop, an increase of 11 per cent from a year earlier, according to data compiled by the state-run Food Corp. of India. Officials are also considering selling about 2 million tons of wheat from state reserves in the local market to control prices, according to the person.
https://www.financialexpress.com/ec...-export-curbs-as-supply-improves/2942157/ding flour mills, the person said.

 

[walterbibikow]

India wheat harvest could hit record on higher planting area, favourable weather​

• 2023 output seen at 112 mln T vs 106.84 mln T yr ago
• Farmers expand area with high-yielding varieties
• Weather conducive so far; crop needs low Feb-March temperatures

MUMBAI/NEW DELHI, Jan 10 (Reuters) - India's wheat production is set to jump to a record after all-time high prices prompted farmers to expand planting areas with high-yielding varieties and good weather conditions, scientists and traders told Reuters.

Higher wheat output could encourage India, the world's second-biggest producer of the grain, to consider lifting a ban on exports of the staple and help ease concerns over persistently high inflation in food prices.

"This year production could rise to 112 million tonnes because of the higher area and favourable weather," Gyanendra Singh, director at the Indian Institute of Wheat and Barley Research, told Reuters.

India's wheat output fell to 106.84 million tonnes in 2022 from 109.59 million tonnes a year earlier, the government estimates.

The surge in wheat prices to a record despite the ban on exports of the grain indicates a far bigger drop in this year's output.

The U.S. Department of Agriculture's Foreign Agricultural Service has pegged production at 100 million tonnes, while traders estimated output fell to as low as 95 million tonnes because of a heatwave early last year.

This year, the weather in key wheat-producing states such as Uttar Pradesh, Madya Pradesh, Punjab and Haryana has been favourable with temperatures hovering below normal levels.

"The current cold wave is good for the crop's growth. Farmers have opted for newer high-yielding varieties which are more resilient to climate change," said Singh.

Farmers have planted wheat on 33.22 million hectares since Oct. 1, when the current sowing season began, up nearly 1% from a year earlier.

India grows only one wheat crop in a year, with planting in October and November, and harvests from March.

While the weather has been supportive for the crop so far, the temperature needs to remain on the lower side in February and March, said a New Delhi-based dealer with a global trade house.

"The sudden spike in temperature during February and March affected grain formation last year. Let's hope this year's weather remains cool," he said.

India wheat harvest could hit record on higher planting area, favourable weather

India's wheat production is set to jump to a record after all-time high prices prompted farmers to expand planting areas with high-yielding varieties and good weather conditions, scientists and traders told Reuters.

www.reuters.com

 

[Hecig]

Growth of Ethanol blending in India

2013-14 - 1.5%
2014-15 - 2.3%
2015-16 - 3.5%
2016-17 - 2.1%
2017-18 - 4.2%
2018-19 - 5%
2019-20 - 5%
2020-21 - 8.5%
2021-22 - 10%
2022-23 - 12%*
2023-24 - 15%*
2024-25 - 20%*