Weak global demand, lower yield likely to hit Indian jeera exports
Jasleen Kaur | The Dollar Business Jeera (cumin) exports from India are expected to slide during the current financial year due to low quality yields caused by unseasonal rain as well as demand slump from major importing markets. India, one of the largest exporters of the spice, has been facing a price war in the international market due to surplus supply from other exporting countries like Syria and Turkey. Analysts attribute the down ward trend in the global price to distressed sale from troubled region of the Middle East, where fresh crop has already hit the market. Disrupted supply from within the country due to unfavourable weather during sowing season also added to the price fluctuation. However, Indian exporters hope that ...
Indias soy meal exports decline by 71.54% in OctJune period
Sai Nikesh | The Dollar Business Farmers engaged in soy cultivation are highly distressed as India’s soybean meal exports have dropped drastically by about 85% to a meagre 0.64 MT in 2014-15from a record level of 4.24 million tonnes (MT) during FY 2008-09, said a study by Associated Chambers of Commerce and Industry (ASSOCHAM). The study titled ‘Soybean: Time to regain lost ground’ pointed out that significant slump in soybean meal exports from India is largely on account of speculation and an unrealistic approach in handling established export markets. And looking at near normal monsoon, the country is expected to reap rich harvest of over 12 MT soybean meal by putting pressure on domestic prices,as India has become globally uncompetitive and import ...
