New Delhi | Reuters — India is in talks with some Gulf nations to buy oil to fill its strategic reserves and sell food in return, seeking to use its position as the world’s third-largest oil importer to both secure energy supplies and boost exports. Indian Oil Minister Dharmendra Pradhan told reporters the idea was […] Read more
Tag Archives india
India, Middle East countries in talks on oil-for-food scheme
Monsanto threatens to exit India over GM royalty row
New Delhi | Reuters –– Monsanto, the world’s biggest seed company, threatened to pull out of India on Friday if the government imposed a big cut in royalties that local firms pay for its genetically modified cotton seeds. Mahyco Monsanto Biotech (India), a joint venture with India’s Mahyco, licenses a gene that produces its own […] Read more
India to accept Canadian pork
Canadian pork and pork products may now be exported to India under a new agreement for market access announced Friday. Canada, whose overall agrifood exports to India are mainly in pulse crops such as lentils and peas but also include oilseeds, canola oil, cereal grains, dairy goods, apples and cattle, expects to move $2 million […] Read more
India’s pulses under stress, need well-timed rain
CNS Canada –– India, the world’s largest producer of pulses, needs moisture before crops hit the reproductive cycle at the end of January, or existing losses will become amplified, a weather analyst says. The driest areas in India are important pulse-producing regions in northeastern Andhra Pradesh and neighbouring Uttar Pradesh, said Drew Lerner of World […] Read more
India to launch new crop insurance scheme
New Delhi | Reuters — India will launch a new farm crop insurance scheme early next year and use drones and other technologies to assess crop damage, the agriculture minister said Wednesday, in what could be Prime Minister Narendra Modi’s first major move to address rural hardship. The impact of unseasonal rains and two straight […] Read more
Lentil prices just keep rising
CNS Canada — Lentil prices just keep moving up in Western Canada, with no end in sight to the rising market as end users work to book coverage. However, the high prices may prove unsustainable, especially in the long run, as values are already expensive for international buyers and strong new-crop prices should lead to […] Read more
PULSES: India throws cold water on US inspection proposal
Winnipeg, Oct 29. – Following are a few highlights in the Canadian and world pulse markets on Thursday morning, October 29. – Prices for chickpeas in Northwestern India have risen to such high levels that they are starting to cut into planting areas traditionally reserved for rapeseed, according to reports out of the country. Temperatures […] Read more
Scorching heat delays India’s rapeseed sowing
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 still rules pulse market, despite potential diet shifts
CNS Canada –– Based on how its high pulse prices and stockpiling regulations have held the market’s undivided attention in recent weeks, India’s place in the driver’s seat of the pulse trade appears safe. While new data from the World Health Organization on the carcinogenicity of processed and red meat is driving attention to alternative […] Read more
Pulses: India’s high pulse prices show signs of easing
CNS Canada — Following are a few highlights in the Canadian and world pulse markets on Wednesday morning, Oct. 21. • Shortages and resulting high local prices in India remain at the forefront of the global pulse market. The government recently imposed restrictions on how many tonnes companies can store in an effort to curb […] Read more
Cyber-Savvy Farmer
