AGRICULTURAL COMMODITIES
India may reimpose broken rice export restrictions as prices cross $360 per tonne: IREF
India may reimpose restrictions on exports of 100% broken rice as international prices cross $360 per tonne and domestic demand from ethanol manufacturers and poultry-feed producers increases, the Indian Rice Exporters' Federation (IREF) has warned. No fresh curbs have been announced so far.
Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma
Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.
India-New Zealand FTA: Expanding India’s footprint in Oceania
More than a trade deal, the India-New Zealand FTA is a strategic gateway to new markets, fresh investment and stronger capabilities, positioning India to compete, connect, and grow across the Asia-Pacific.
ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite
ITC is expected to report a weak Q2, with brokerages forecasting an 8% decline in cigarette volumes and a drop of up to 29% in cigarette operating profit following tax hikes. Nuvama expects consolidated revenue to fall 3% YoY and EBITDA to decline 20%. Growth in FMCG and paper businesses could provide some support against the pressure.
Trump discusses Iran with Netanyahu as US weighs fresh strikes: Report
In a recent discussion, US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu reviewed the evolving situation with Iran, considering various military strategies. Secretary of State Marco Rubio acknowledged ongoing diplomatic engagement with Iran, highlighting the goal of achieving a peaceful resolution while protecting US security. In contrast, Iranian Supreme Leader Mojtaba Khamenei has issued stern warnings, asserting military repercussions for any provocation from the US or Israel.
India may import more food, feed and farm commodities as drought hits crops
Amid predictions of drought in India this financial year, food and agricultural imports are anticipated to rise sharply. With serious reductions in kharif soybean and groundnut production, import requests are growing. The sugar and poultry industries are grappling with soaring feed costs, prompting an extension for raw sugar imports to be granted.
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Tractor demand drying to likely 3-year low at arid farms
Tractor sales are projected to fall by up to 10% year-on-year, while vehicle dealers in some markets are also seeing sharp declines in sales of entry-level cars and two-wheelers. Tractor sales were up 8% to 610,000 units in the first half of the current year from a year-ago period, according to Tractor and Mechanisation Association. The pressure is also visible in entry-level motorcycles and cars, which have a large rural market.
HUL sales rise 15% to hit 14-quarter high, but inflation clouds demand outlook
Hindustan Unilever posted a turnover of ₹18,071 crore for the September quarter, highlighting a 15% rise. Even with a price increase of 7.5%, the company's volume growth remained stable at 7%. Homecare emerged as the standout performer, boasting a robust 22% sales growth. Earnings before interest, tax, depreciation, and amortisation climbed to ₹4,089 crore, an 8% boost. However, ongoing inflation and wage issues in rural sectors pose significant challenges.
A Colorado family spent over 100 years raising cattle and growing crops on 10,000 acres; then 30 wind turbines added another income stream to their ranch
The Kochis family revitalized their historic ranch, creating the Rush Creek Wind Farm while preserving their farming legacy. Featuring 30 wind turbines, this harmonious operation generates consistent revenue, all while they cultivate crops and raise livestock. With steady earnings that aren't influenced by weather or market swings, the project also boosts local economies through construction jobs and tax benefits, illustrating a shift towards renewable energy in rural American agriculture.
Trump's diesel price relief efforts grow costlier as election nears
With the midterm elections approaching, President Trump is implementing various strategies to combat high diesel prices. These measures include financial aid for farmers and adjustments to regulations for truckers. However, criticisms arise regarding the effectiveness of these solutions and their geopolitical implications. Many voters attribute rising costs to Trump's policies, posing a challenge for Republican candidates. Ultimately, the pressure to lower diesel prices remains as the elections draw near.
Meet Beth Ford, who earned $2 an hour detasseling corn before becoming the first openly gay woman to lead a Fortune 500 company
Beth Ford earned $2 an hour detasseling corn in Iowa at age 12. Decades later, she became the first openly gay woman to lead a Fortune 500 company as CEO of Land O’Lakes, bringing her career back to the agriculture industry.
LNG imports up 9% in Mar-Sep; US, Oman & Nigeria bridge supply gap
India has increased its liquefied natural gas imports from the US, Oman, and Nigeria significantly since the Iran war. The country now imports about 68% of its LNG from these suppliers, compared to just 25% last year. Qatar's contribution has dropped to 3% from 45%, highlighting a major shift in sourcing strategies. Domestic gas consumption has remained steady, driven by the expanding city gas sector.
‘It's never done till it's done’: Jaishankar on India-US trade deal
India's External Affairs Minister S. Jaishankar confirmed the progress towards a bilateral trade agreement with the US. Negotiating teams are working to finalize outstanding issues that could pose challenges ahead. US Secretary of State Marco Rubio also emphasized that both countries are very close to concluding the deal. Discussions have included various sectors such as trade, energy, and technology partnerships.
Why is Trump giving farmers $8 billion as diesel hits $6.53 a gallon? Can one-time aid cover harvest costs before the midterms?
Trump announces $8 billion aid package for farmers: American farmers are heading into harvest with diesel costs putting fresh pressure on their budgets. Donald Trump has announced $8 billion in one-time aid to help cover the expense. But with diesel reaching $6.53 per gallon in September and midterm elections approaching, how much relief will farmers actually receive?
Global sugar market supply deficit to grow sharply, analyst says
Major sugar-producing regions, including Brazil, India, and the European Union, struggle with adverse weather impacts from El Niño. Brazil's sugar production is significantly lower due to excessive rainfall affecting harvests at critical times.
Sugar stocks Balrampur Chini, Bajaj Sugar, others crash up to 7% as centre stops diversion to ethanol
Sugar stocks dropped in early trading following the government's directive to cease sugar diversion for ethanol production. The decision impacts major sugar companies like Balrampur Chini Mills and Bajaj Hindusthan Sugar, which experienced a decline between 2% and 7%. This directive aims to enhance domestic sugar availability amidst rising prices. The government's action follows concerns about potential production shortfalls due to insufficient rainfall.
FMCG firms grapple with input cost inflation in Q2, brace for margin pressure in H2
FMCG companies are experiencing increased margin pressure as input costs continue to rise. Rising inflation is affecting profitability, forcing firms to consider price hikes after the festive season. Companies are currently absorbing some costs to maintain consumer demand in urban and rural markets. The expectations for the second half of FY27 remain cautious amidst fluctuating commodity prices. Consumer purchasing behavior may shift if food prices increase or rural incomes decline.
Your daily chai under scanner: FSSAI proposes new science-based limits for two pesticide residues in tea; what consumers should know
FSSAI has proposed maximum residue limits for two pesticides in tea under draft regulations published on October 16. The proposal sets a limit of 20 ppm for acetamiprid and 50 ppm for imidacloprid, aiming to strengthen food safety monitoring and provide clear compliance standards. The draft regulations are yet to be finalised.
India's agriculture sector can benefit from Canadian fertilisers, Fairfax keen to expand investments: Canada Trade Minister
India could gain significant agricultural advantages from Canadian fertilisers and potash to enhance crop yields. Recent agreements between India and Canada indicate strong potential for improved bilateral trade.
Beyond Oil: How bioenergy investments can rebalance India-Russia trade
Russia now exports more than $60 billion worth of goods annually to India, primarily crude oil, petroleum products, coal, and fertilisers.
Nestlé India says rising inflation, particularly food inflation, is a reality
Nestlé India has reported a strong 20.5% increase in sales for the September quarter. Profit after tax rose significantly due to robust volume growth across its product categories. Despite challenges from rising food inflation and volatile commodity prices, the company aims to enhance operational efficiencies. Investment in advertising and marketing increased as brand growth remains a priority for the organization.
CCI nod to Tribhovandas Bhimji Zaveri, Cloudnine, and Farmart deals
The Competition Commission of India has sanctioned three key transactions across various industries. Notably, GRT Jewellers' majority stake acquisition in Tribhovandas Bhimji Zaveri received approval. Moreover, NuageLux BidCo's acquisition of a 23% equity stake in Kids Clinic India Limited was also greenlit. Lastly, FarMart Service Private Limited successfully attracted investments from multiple development finance institutions, highlighting the vibrant investment climate in the jewellery, healthcare, and agricultural sectors of India.
'Small' pains: Inflation squeeze likely to choke FMCG volume growth again
India's fast-moving consumer goods sector is under pressure as inflation reshapes how consumers spend their money. Rather than splurging on high-end products, buyers are preferring smaller, budget-friendly options. Data suggests that inflation tends to shrink average FMCG pack sizes. Notably, urban areas are seeing a more significant shift in spending compared to rural regions. Price increases in multiple categories are likely on the horizon.
Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589
PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.
India-Chile trade negotiations: A quiet and strategic deal beyond tariffs
India and Chile are progressing with negotiations for a Comprehensive Economic Partnership Agreement to enhance trade relations. The agreement will focus on sectors such as digital services, critical minerals, and investment. Both nations seek to diversify their trade partnerships and reduce reliance on single markets, particularly in mineral exports.
India’s monsoon risks may raise food industry costs: D&B
India is experiencing agricultural risks attributed to monsoon conditions, which could impact food processors and poultry producers. Procurement costs and inventory needs are likely to rise significantly due to these agricultural challenges. Rice and wheat stocks provide immediate buffers against potential food-supply issues, but maize faces direct risks from production shortfalls. Affected states include Madhya Pradesh and Rajasthan, which contribute significantly to overall foodgrain output.
Apples, cherries, dry fruits & handicrafts from Kashmir to reach Delhi & Mumbai faster? How Chenab Rail Bridge, Anji Khad Bridge & 272-km all-weather rail link are changing trade & travel
The Chenab Rail Bridge and Anji Khad Bridge have strengthened rail connectivity between Kashmir and the rest of India through the 272-km Udhampur–Srinagar–Baramulla Rail Link. The connection is expected to improve the transportation of apples, cherries and other local products to major markets, ease the movement of essential goods and make passenger travel more convenient through services such as the Vande Bharat Express.
Pakistan sees growth above 4%, looks to raise more than $1 billion from privatisation
The outlook for Pakistan's economy appears optimistic, with anticipated growth rates of over 4% this fiscal year, spurred by strategic government privatization initiatives. The finance minister outlined plans to privatize five to six state-owned enterprises, potentially yielding upwards of $1 billion in revenue. Additionally, negotiations with the United States are underway to create a $10 billion exchange stabilization facility. After reaching a staff-level agreement with the IMF, around $1.
ET Alpha Wealth Summit 2.0: Equities aren’t enough? Praveena Rai makes a case for commodities
In India, commodities are steadily gaining traction as a crucial component of investment strategies. As investors diversify beyond conventional assets, they are discovering opportunities in gold, copper, and energy markets. Innovative financial products make it easy to engage in these commodities without the need for physical possession. Success demands a strong grasp of specific commodities and diligence in choosing regulated trading platforms.
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