Cashew exports value rises 25% in H1

KOCHI, JAN 9:  
Cashew kernel exports are likely to be higher during the current financial year with shipments in the first half increasing 18 per cent in volume and 25 per cent in value.

Exports increased as cashew usage grew world over and its prices were lower than other tree nuts, according to sources. Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India (CEPCI) told Business Line that during April-November 2013, total shipments were 80,196 tonnes valued at Rs 3,346.14 crore at a unit value of Rs 417.24 a kg.

Pulses body asks Govt to open up exports

NEW DELHI, JAN 9:  

The pulses trade has reiterated its demand to lift the ban on exports, as some pulses are ruling below the minimum support price levels on higher output.

“The moment exports are allowed, the trade will get dynamic and the milling industry will stand to benefit and the market will find its balance,” said Pravin Dongre, Chairman of the Indian Pulses and Grains Association.

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Coffee exports may increase on demand rebound from Europe

NEW DELHI, JAN 9:  

The pick-up in coffee exports since October will help shipments in the current fiscal exceed last year’s levels, says the Coffee Board. Coffee exports in 2012-13 stood at 2.98 lakh tonnes.

“Exports have picked up since October and we expect total shipment in the current financial year to cross last year’s levels,” said Coffee Board Chairman Jawaid Akhtar.

He was speaking to reporters after announcing the launch of the fifth edition of the India International Coffee Festival to be held in Bangalore during January 21-25.The stability in prices witnessed in recent months coupled with the rebound in demand from traditional buyers in Europe is seen aiding exports.

Since October, coffee exports are up 37 per cent at around 66,264 tonnes against last year’s 48,346 tonnes in the same period.However, since April shipments in the current fiscal are up 6 per cent at 2.22 lakh tonnes against 2.09 lakh tonnes in corresponding last year.

“Exports of value-added and instant coffees have risen sharply in recent years, resulting in higher margins and realisations,” said J.S. Deepak, Additional Secretary, Commerce Ministry.......

CCEA okays hike in import duty on refined edible oils

NEW DELHI, JAN. 9:  

The Cabinet Committee on Economic Affairs (CCEA) has approved the hike inimport duty on refined edible oil imports to 10 per cent from 7.5 per cent at present, Information and Broadcasting Minister, Manish Tiwari, said here on Thursday.

The hike will expand the duty differential between imports of crude oil and refined oils to 7.5 per cent from the present five per cent, thereby, protecting domestic refiners and farmers.

Currently, the import duty on crude oil is 2.5 per cent, while the refined edible oils attract a duty of 7.5 per cent.The lower duty differential of five per cent had led to higher imports of refined oils, leading to under utilisation of domestic refining capacity.

In the oil year ending October 2013, edible oil imports stood at 10.38 million tonnes.During November, the imports of refined oils were up 173 per cent at 2.08 lakh tonnes against 76,519 tonnes in the corresponding last year

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OFC: Will Share Farming be the Future for Agriculture?

UK - Share farming could become the way forward for agriculture to attract younger people into the sector to manage farms.

The practice, which has been common in New Zealand for some time, has not yet been taken up by farmers in the UK and the rest of Europe in the same way.

However, as investment and land resources become more restricted and as a way of attracting younger farmers into the sector share farming could become part of the future of agriculture.

The practice of share farming as part of a change to farming practices and opportunities for the future has been a central theme to the Oxford Farming Conference this week.

Share farming is distinguished by the fact that both the landowner and the share farmer can be seen to be separate occupiers of the same land, each occupying it for the purposes of farming. There are two farming businesses on the land.

Analysts Offer Outlook for USDA Report Expectations

ANALYSIS – The CME Group hosted three grain analysts who presented corn, soybean and wheat industry expectations ahead of USDA reports to be released on Friday, reports Sarah Mikesell, 5m senior editor.

Dr. Bill Tierney, grain analyst with AgResource Company, said industry analyst estimates for corn production are all about the same – around 14.053 billion, which is up 64 million bushels over USDA’s last production estimate. Trade expectations are for December corn stocks to be at up 2.747 billion bushels. Tierney said Ag Resource is on the high end of the industry range and believes stocks will be 240 million bushels above industry expectations.

For the final corn stocks report in the World Ag Supply and Demand Estimate report, Tierney expects corn stocks to be slightly higher than USDA’s Dec estimate. AgResource put their estimate about 131 million bushels higher than trade estimates. Tierney expects a bearish market response to the report figures.

From Thailand to Ecuador: A tale of two shrimp farmers

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Driven to despair by a plague that has laid to waste young shrimps across east Asia, Suraphol Pratuangtham, a seafood farmer in southern Thailand, suspended operations at his ponds for more than three months over the summer.

“This year is the worst for our shrimp production in the past 30 years,” laments Mr Pratuangtham, who is also president of the Thai Marine Shrimp Farmers Association and expects Thailand’s 2013 exports to halve from its peak levels.

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Monthly Global Food Prices Rose in December on a Surge in Dairy

World food prices rose in December as a surge in the cost of dairy to the highest level since 2007 more than made up for falling charges of grains and cooking oils, the United Nations’ Food & Agriculture Organization said.

An index of 55 food items rose to 206.7 points last month from a restated 206.4 in November, the Rome-based FAO wrote in an online report today. The index of international food prices is down 3.5 percent from a year earlier.

The FAO’s dairy price index rose to the highest level since November 2007. Chinese demand for milk powder is pushing Southern Hemisphere dairy processors to focus on that product, lifting prices for butter and cheese, the FAO said.

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