Arabica parchment coffee rules at 6-year high; prices scale ₹10,500 per bag
Price of Arabica coffees, mainly the premium parchment variety, have exceeded ₹10,500 per 50-kg bag, after almost six years providing relief to some extent to the growers, who are in the midst of harvesting the 2020-21 crop.
However, growers continue to face challenges such as bad weather and labour shortage impeding harvest in the key producing areas of Karnataka, which accounts for over two-thirds of the coffee produced in the country.
“Arabica prices are ruling around ₹10,500 per bag, but the big challenge is the shortage of labour that is delaying the pickings,” said S Appadurai, Chairman, Karnataka Planters’ Association.
Sugar production up by 60% at 74 lakh tonnes till Dec 15
Sugar mills in the country produced 73.77 lakh tonnes (lt) of sugar till December 15, nearly 61 per cent more than 45.81 lt more than the production in the corresponding period last year, Indian Sugar Mills Association (ISMA) said in a statement on Thursday.
While 118 mills in Uttar Pradesh produced 22.6 lt of sugar as 21.25 lt produced by 119 mills in the same period last year, the sugar production in Maharashtra where 173 mills are currently crushing, was 26.96 lt. The State, which commenced crushing later last year due to lower availability of sugarcane, produced only 7.66 lt in the same period.
Oilmeals export up by 12 per cent in April-November
The overall export of oilmeals witnessed a growth of 12 per cent during April to November of 2020, according to the provisional export data compiled by Solvent Extractors’ Association (SEA) of India.
A press release by BV Mehta, Executive Director of SEA, said that the overall export of oilmeals recovered during April to November and reported at 19,48,699 tonnes as against 17,34,872 tonnes during the corresponding period of 2019, recording a growth of 12 per cent.