GRAIN EXPORTS
India offers 3-part plan to de-escalate Ukraine war
India has proposed a three-part framework to Russia and Ukraine to help de-escalate the war, focusing on economic and maritime security. The proposal calls for a halt to attacks on energy facilities and critical infrastructure, uninterrupted grain and energy shipments through Black Sea ports, and an end to strikes on merchant ships, civilian crew and maritime trade routes.
Endless wars must give way to end of war: MEA emphasises PM Modi's message on India's engagement with Russia, Ukraine
India has conveyed proposals to Russia and Ukraine aimed at restoring peace in the region. These ideas include ensuring the safety of commercial shipping in the Black Sea and addressing energy and grain export concerns. Prime Minister Narendra Modi discussed the conflict with Ukrainian President Volodymyr Zelenskyy, emphasizing the need for dialogue. Subsequently, External Affairs Minister S Jaishankar engaged in conversations with Russian Foreign Minister Sergey Lavrov.
Samvat 2083 begins: Will the good times roll for Indian businesses?
Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GST collections, festive demand and the RBI’s upgraded FY27 growth forecast point to economic resilience. But weak hiring, easing manufacturing momentum, food inflation and crude oil risks cloud the outlook.
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.
No water to sow, no respite at the grocery store: India's prolonged food inflation worry
Indian farmers face challenges in sowing winter crops amid dwindling water supplies from a weak monsoon. Amarsingh Gushinge's village experiences a significant rainfall deficit, impacting crop planting decisions. Food inflation could worsen as key staples see rising prices, aggravating the economic strain on households. The Reserve Bank of India may respond with interest rate hikes to combat rising inflationary pressures.
Why is India's probe of Scotch imports from Britain rattling liquor majors?
India's investigation into bulk Scotch whisky imports has triggered the first major trade dispute under the India-UK free trade agreement. The government argues bulk Scotch does not qualify for reduced import tariffs, potentially restoring duties to 150% from 75%. The dispute threatens a $65 billion global whisky market, putting Diageo, Pernod Ricard and Indian liquor makers at odds with customs officials.
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EAM Jaishankar discusses Ukraine-Russia conflict solutions amid G20 summit
India has engaged in discussions with Russia, Europe, and Ukraine regarding the ongoing conflict and its impact. These talks focused on preventing attacks on civilian shipping and restoring grain exports affected by Black Sea disruptions. External Affairs Minister S. Jaishankar emphasised the complexity of discussions around ceasing attacks on energy installations. Various interpretations of what constitutes energy installations have complicated these discussions.
Fuel, forex and farmers: Why India is betting big on maize
A grain that once fed chickens now fuels cars and, soon, planes. The harder question is whether Indian farms can keep up with the demand it has created.
Ukraine in talks with India, other partners to open Black Sea grain corridor
Ukraine is engaged in discussions with Turkey, Egypt, and India regarding Black Sea agricultural exports. The country's food exports heavily depend on its Black Sea ports for shipping capacity. President Volodymyr Zelenskyy indicated that Russia opposes these negotiations despite intermediary calls. Kyiv is also seeking the European Union's support to restore grain export programs. Currently, Ukraine can only export a fraction of its usual grain volumes due to ongoing challenges.
Ranabaali box office collection day 3: Vijay Deverakonda, Rashmika Mandanna's film passes crucial Monday test, all set to enter Rs 40 crore club globally
Ranabaali, featuring Vijay Deverakonda, opened to mixed reviews but performing decently at the box office. The film, set during the Madras Famine, addresses British colonial policies that caused widespread suffering. Rashmika Mandanna praised Vijay's transformative performance in the titular role of Ranabaali. Read on!
Ranabaali box office collection day 2: Vijay Deverakonda, Rashmika Mandanna's film remains steady. Mints Rs 26.65 crore worldwide
Ranabaali was released on October 16 and recorded a decent opening box office collection. The film grossed Rs 9.25 crore on its first day in India, followed by Rs 7.30 crore on Day 2. Directed by Rahul Sankrityan, it explores historical themes set during the British colonial era. Vijay Deverakonda's intense performance has received praise from filmmaker Sandeep Reddy Vanga too. Read on!
Iran ships some LPG, jet fuel despite US blockade, data shows
Iran has managed to export limited liquefied petroleum gas and jet fuel despite ongoing US naval blockades. The Iranian methodology involves concealing cargoes among shipments from other Gulf producers off Oman, making it challenging to monitor. Shipping data indicates that a limited number of gas tankers have left the Gulf of Oman since mid-July. The US military maintains that its blockade is effective, consistently monitoring vessel activities.
Festive demand drives India's diesel sales in October, data shows
Indian diesel consumption has risen significantly, driven by increased demand from the agriculture and transportation sectors. State-run fuel retailers continue to maintain fuel prices below market rates, which attracts consumers. In contrast, private retailers have increased their prices and are exporting fuels. The ongoing festival season has led to heightened purchases by wholesalers to build inventory. Diesel is also being used to generate electricity due to rising power demand.
We are working to develop relations with China once again: Piyush Goyal
Commerce and Industry Minister Piyush Goyal stated that India seeks to improve relations with China, ensuring fair deals. Bilateral trade between India and China reached USD 127.7 billion, which reflects significant growth in exports and imports. Furthermore, Goyal expressed concerns regarding the widening trade deficit and tightened FDI policies due to geopolitical tensions. India experienced supply chain vulnerabilities during Covid, leading to a focus on self-sufficiency.
Wheat sowing faces heat from water shortage this winter
Farmers in India are likely to reduce wheat planting this winter due to water scarcity and low minimum support prices. Regions such as Rajasthan, Gujarat, and Madhya Pradesh may see the most significant impact from these conditions. The state governments are encouraging farmers to consider crops that require less water, which may lead to a shift in crop choices.
Ukraine battles deadly Russian strikes, seeks more NATO support
One man was killed and five people, including a child, were wounded in Russian strikes on Ukraine's Zaporizhzhia region in the morning, said Mykhailo Semikin, head of the regional military administration. The attacks hit residential areas, he added. Another man was killed in Ivano-Frankivsk in western Ukraine, Svitlana Onyshchuk, head of the regional military administration, said.
Black Sea attacks hit yellow peas, sunflower oil supplies to India
Russia's exports of yellow peas and sunflower oil to India have been disrupted by ongoing conflicts. As a result, prices for yellow peas have risen from ₹40 to ₹46 per kg in the last two months. Importers report that shipments from Russia have not occurred recently, affecting the availability of yellow peas. Meanwhile, sunflower oil shipments are also hindered, causing expectations of higher prices in the near future.
ET Evoke: ‘Shipping, moving 80% world trade, is far more volatile than stocks,’ says Harvard University's Myrto Kalouptsidi
Myrto Kalouptsidi, Harvard professor of international economics, explains how shipping disruptions at chokepoints such as Hormuz, Suez and Ukraine can sharply reduce effective fleet capacity, trigger volatile freight rates and raise goods prices. She also discusses empty ships, global trade imbalances, China’s shipbuilding dominance and climate change risks to maritime infrastructure.
Building the route to India: Russian oil and mineral water producers expand overseas
Ecooil and Akva-Kristall are strategically enhancing export ties with Indian buyers. Leveraging their strong infrastructure for production, quality assurance, and logistics, Ecooil is set to boost sunflower oil exports, while Akva-Kristall is launching its premium mineral water to Indian consumers. The success of these ventures hinges on reliable delivery and maintaining high-quality standards, emphasizing the rising demand for Russian products in India.
Russia grateful to India for its readiness to help resolve Ukraine conflict: Kremlin
India has put forward a significant plan aimed at addressing the ongoing conflict in Ukraine, receiving praise from Russia. Kremlin spokesperson Dmitry Peskov acknowledged the importance of India's initiative, highlighting the harmonious relationship between the two nations. Ukrainian Foreign Minister Andrii Sybiha noted that India's proposal stands out as the most extensive in comparison to other countries' offers.
India navigating multipolar 'age of flux', says Jaishankar; talks on with Russia, Ukraine for safe Black Sea passage
External Affairs Minister S Jaishankar affirmed the importance of the US as a primary strategic partner for India. He emphasized India's nuanced approach to relationships with various nations including China and Russia. Jaishankar also addressed the challenges in securing grain and fuel shipments amid the Russia-Ukraine conflict. He called for a reform in the United Nations to better represent the Global South.
Pulses prices surge: Will cheaper imports bring relief to consumers? Stakeholders divided
India currently imposes a 10% import duty on red lentils and chickpeas, while yellow peas attract a 30% duty.
Ukraine scrambles for money to fight war as Russian strikes batter economy
Kryvyi Rih, the hometown of President Volodymyr Zelenskiy, is severely impacted by Russian airstrikes disrupting economic activities. The city's largest employer has halted operations, contributing to a dire financial situation. Ukraine faces a significant budget crisis requiring $56 billion for this year to address military and economic needs. Delayed foreign aid adds to the challenges in funding essential services and defense spending.
BIRC 2026 to focus on boosting rice-milling margins as India's rice economy scales up
The Bharat International Rice Conference 2026 will focus on improving profitability in India’s rice-milling industry, which processes a crop with an indicative wholesale value of about ₹6 lakh crore annually.
India seeks greater role in brokering Russia-Ukraine peace
India's Foreign Minister Subrahmanyam Jaishankar stated that dialogue and diplomacy are necessary to resolve the Russia-Ukraine conflict. He revealed that India is increasing its involvement in discussions with both Russia and Ukraine. Current talks include issues related to shipping safety in the Black Sea and the export of grain and energy. Ukrainian President Volodymyr Zelensky mentioned the United States' desire to facilitate new discussions for peace negotiations.
'Our side is ready to support': Zelenskyy expresses readiness for US-proposed trilateral talks with Russia
Ukraine is ready for a proposed trilateral meeting with the US and Russia at the technical level by the end of October, President Volodymyr Zelenskyy said. The announcement came after fresh Russian drone and missile attacks across Ukraine, while India said it was separately engaging Moscow and Kyiv on issues including Black Sea shipping and exports.
Got little bit more involved beyond advocacy: Jaishankar on India's peace efforts to end Ukraine conflict
India has reportedly intensified its diplomatic initiatives to address the ongoing Ukraine conflict through discussions. External Affairs Minister S Jaishankar noted that India is engaging with both Kyiv and Moscow for resolution. Recent remarks from Russian President Vladimir Putin highlighted India's potential role in finding a solution.
The biggest jump in global crop prices since 2022 threatens to boost inflation
Global agricultural prices have jumped notably due to growing tensions in the Black Sea affecting supply routes, coupled with adverse weather impacting yields. The Bloomberg Agriculture Spot Index surged by 13%, its highest quarterly growth since March 2022. Meanwhile, China's substantial purchases of American soybeans are altering grain trade dynamics.
India's rice industry looks beyond grain for next billion-dollar opportunity
India’s rice industry is looking beyond raw grain exports to higher-value products such as noodles, bran oil, protein, specialised ingredients and rice-husk-based materials. An IREF-EY assessment at the Bharat International Rice Conference 2026 will identify which products offer the strongest combination of demand, margins, investment potential and export opportunity.
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