BEAN EXPORTS
Ivory Coast bans some cocoa sales in another threat to market
Ivory Coast takes steps to secure scarce cocoa supplies for local processors, potentially restricting bean exports and tightening the global market.
India's coffee exports rise 12% to $1.28 billion in 2023-24
India's coffee exports increased by 12.22% to USD 1.28 billion in 2023-24 due to higher demand for Robusta coffee in global markets. The country, Asia's third-largest coffee producer, exports Arabica and Robusta varieties. Coffee shipments increased by 13.35% to 1,25,631 tonnes during January-March 2023-24.
World heads for fourth year of shortages for instant coffee beans
Poor rainfall in Vietnam has caused “irreversible damage” to coffee blossoms, while lower fertiliser use and the expansion of durian trees at the expense of coffee acreage have also weighed on production.
Robusta coffee rises most since 2010 on Vietnam rain concerns
Coffee futures rose, with robusta in London rising to the highest levels since the year 2010 amid concerns around supply from Vietnam.
Best bean bags with footrests: Ultimate comfort and style for your home
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Costa Rica coffee exports rise 18% in April
Known for its high-quality arabica beans, Costa Rica exports more than 85% of its coffee harvest, which is expected to be about 16% smaller than the 2023/2023 season.
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India's coffee exports rise 13.35 pc to 1.25 lakh tonnes in January-March
India's coffee shipments surged 13.35% to 1,25,631 tonnes in January-March 2024, driven by robust demand for Robusta coffee. Arabica and Robusta are the two varieties grown in India, with Arabica having a smoother taste and Robusta being more bitter. Export of Robusta beans increased by 18%, while Arabica exports declined. Instant coffee exports and re-exports also saw growth. The total coffee export value during this period was Rs 3,644 crore, with major destinations including Italy, Russia, the UAE, Germany, and Turkey.
Amul vision is to be the biggest dairy in the world; already exporting to almost 50 countries: MD
Amul is deeply expanding into rural areas, with a revenue target of Rs 80,000 crore ending March this year. They dominate the cheese market and plan to increase capacity. Amul's value added products contribute to farmers' livelihoods and provide value for money to consumers. They aim to become the biggest dairy brand globally, focusing on competitive pricing and strong distribution.
India-Australia partnership expansion: CECA in focus
One of the critical issues discussed at these events was the bilateral economic and strategic relations between the two countries, in particular the proposed Comprehensive Economic Cooperation Agreement (CECA). “We need to strengthen collaboration and invite sectoral insights to inform the negotiators going forward”, said Dipen Rughani, head of Newland Group. one of the three organisers of an event at the Consulate General of India in Sydney on February 2.
India's coffee exports fell 5.4% in 2023
India's coffee exports declined 5.4% in 2023 to 3.77 lakh tonne due to a fall in Robusta coffee shipments. Arabica and Robusta are the coffee varieties grown in India, with Arabica having a sweeter taste and Robusta being more bitter. The export of Robusta beans decreased by 15%, while Arabica beans saw a 5.79% increase.
Indian coffee exports set to surge thanks to global price rally
India- famous as a tea producer - is also the world's eighth-largest coffee grower, mainly churning out the robusta beans used to make instant coffee. It also produces some of the more expensive arabica variety.
For risk takers: 4 smallcap stocks from different sectors with upside potential of up to 26%
As Nifty forms a new high, more small cap stocks join the party. Right from a contracting company to a garment exporter are making to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
India's exports to EU worth USD 1.3 bn to be impacted by EU's deforestation regulation: GTRI report
The Global Trade Research Initiative (GTRI) said that the EU-DR appears to prioritise protecting its own agricultural sector and promoting exports, making imports more difficult as it is a trade barrier disguised as a green measure. The regulation covers cattle, buffalo, the meat of bovine animals, preparations, Oil cake, soya beans, palm oil, cocoa bean, powder, chocolate, coffee, leather hide, skin, paper, paperboard, wood, wood articles, wood pulp, boards and wood furniture.
Bean shortage drives up cost of even the cheapest cup of coffee
The crops in Brazil, which is the second-largest grower of the robusta variety, have been hurt by drought.
Multilateral tools key for semi conductor export controls, say US think tanks
In March, India and the US launched a “strategic trade dialogue” to address export controls, explore ways of enhancing high technology commerce, and facilitate technology transfer between the two countries. The two also inked a Memorandum of Understanding to establish a semiconductor supply chain and an innovation partnership.
Companies fret over ripple effect of new Covid wave in China
The Covid surge in China is driven by a complete reversal of its zero-Covid policy. While infections have touched all-time high, epidemiologists have warned at this rate almost 60% of the Chinese population will get Covid in the next 90 days and there could be multiple such waves.
102 priority items on government’s list to raise domestic manufacturing, cut imports
In an analysis of India’s imports, the commerce department said that of the 102 products, emphasis may be given to 18 items which have been consistently growing and have a significant share consistently across the long, medium and short terms.
India makes record US soyoil purchases as drought parches South America
"Indian buyers have bought US soyoil vessels. Prices were attractive and supplies were not enough in South America," said the India head of a global trading firm, who sought anonymity because of the company's policy. "Buying of another two vessels in the short term is possible."
Budget: Unleash the gold ecosystem to generate employment and exports
The strongest argument for reducing customs duty is related to what it can do for the economy, chiefly through employment generation and export promotion. However, for this to come about, we must turn away from the bean counting around forex outflows to the positive externalities that would likely present itself over time.
China to cut US soy imports after shipping delays clip export window
US soybean shipments to China in 2020-21 were the strongest since the 2016-17 season, thanks in part to a delayed start to the 2021 Brazil export season that helped extend US sales.
Can't do without the morning cup of joe? Your caffeine addiction can burn a hole in your pocket
Extreme weather has damaged crops in Brazil, the world’s largest coffee exporter.
Why is soy emerging as a protein product differentiator for retailers?
In a discussion with Economic Times, industry experts share how soy, a high-quality protein ingredient, can be a key product differentiator as livestock feed, highlighting the quality of protein production.
Your instant coffee may soon be at risk from Suez blockage
Coffee roasters on the continent had already been struggling to get supplies from Vietnam, the world’s largest robusta producer, due to the container shortage.
Of seeds and sauces: What affluent India imported during 2 recessionary quarters
Data show imports of seeds perceived to have Covid-related health benefits shot up while imported sauces, from soya to mayo, saw a sharp decline. Branded ice cream imports crashed, as did those of fruit juices. That perennial favourite of wealthy households...high-quality imported bread...saw far fewer takers.
It’s deja vu for cocoa traders as tensions erupt in Ivory Coast
Ivory Coast issued an arrest warrant for opposition presidential candidate.
How India, overcoming its prejudice for soy, now offers the world a model for sustainable use of the bean
India is now the world’s fifth largest producer of soy, with production centred in regions like Vidarbha and Madhya Pradesh where planting experiments took place in 1935.
Bean there, done that: Pulses are a strong link between US Senate & India
Dal Raisina was apparently invented in 2010 by chef Machindra Kasture.
Bean crunch: Your coffee may turn costly
Robusta prices have increased from Rs 100 to Rs 130/kg, claim local retailers
China-US trade war: Opportunity for Indian soya bean, oilmeal exports
While an additional tariff of 25% was imposed on certain items imported from the US, tariffs were reduced on many agri products coming from Asian countries.
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