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India's wheat export is expected to touch 6 million tonnes in the 2012-13 marketing year (MY) on the back of firm global prices, United States Department of Agriculture (USDA) said in a report. "With the current tight open market supplies of wheat, private wheat exports are likely to come down significantly in the coming months. Consequently, we continue to estimate MY 2012-13 exports at 6 million tonnes, which includes 3 million tonnes...

  • Posted on : Monday , 17th December 2012
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There is no ban on cotton exports from India for the season 2012-13.   According to an official press release, Anand Sharma, Cabinet Minister of Textiles, India, in a written reply today to Lok Sabha, the Lower House of the Indian Parliament stated that there will no ban on cotton exports for this season.   The letter also states that according to Cotton Advisory Board, India will have an exportable surplus of 7 million bales (170...

  • Posted on : Saturday , 1st December 2012
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Soyabean export premiums at the US Gulf Coast were steady to firm on Monday as concerns that low water on the Mississippi River would prevent barge shipments from reaching export terminals kept basis values elevated, traders said. FOB basis offers corn held steady and soft red winter wheat offers were firm, supported by similar supply concerns.   Receding water levels on the Mississippi between St. Louis and Cairo, Illinois, were expected...

  • Posted on : Saturday , 1st December 2012
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After the whopping success of their Duster SUV in India , Renault has now started exports. The first batch of 350 Duster SUVs has been dispatched to UK and Ireland. Dusters from the export batch will be available in both 4x2 and 4x4 variants. Renault's Oragadam facility is currently the only one manufacturing right-hand drive Dusters .   Speaking on the occasion, Marc Nassif - MD, Renault India Pvt. Ltd said, We created a whole new...

  • Posted on : Saturday , 1st December 2012
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India’s rice exports touched 10 million tonnes (mt) in 2011-12, while major rice-exporting nations - Vietnam and Thailand - have trailed with 7 mt and 6.5 mt respectively. The reasons: Free trading environment in India since last year, a price advantage and Thailand’s policy aberration. Short-term uncertainty on continuation of India’s export programme also prompted buyers to source 10-15 per cent more tonnage from...

  • Posted on : Tuesday , 27th November 2012
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