Promoting India Latin America Collaboration

Soybeans Rise for Third Day on Concern About Brazilian, Argentine Sowing

Bloomberg

Soy prices are progressing significantly, boosted by weather conditions in Argentina and Brazil,” Paris-based farm adviser Agritel said on its website today. “Mato Grosso lacks water and planting is being delayed, and a return of the rains will be necessary for correct germination of the crops.” Brazil is the world’s second-largest grower of soybeans after the U.S., and Argentina ranks third.

The corn harvest in India, Asia’s second-biggest grower, may exceed 20 million metric tons in the year to June 2011, beating the 19.73 million-ton record in 2009 and increasing exports, after above-normal rains aided crops, Atul Chaturvedi, president of Adani Enterprises Ltd., said yesterday. Adani is the country’s biggest non-state trader of farm goods.

Technorati Tags: , , , ,

Popularity: 6% [?]

Palm, Soybean Oils Purchases by India to Reach Record – 9 million tons, for Fourth Year

Every year for the coming decade there will be at least a growing shortfall of 5,00,000 tons each each year. India’s edible oil import bill is next only to its crude oil import bill.
Bloomberg

India, the top buyer of vegetable oils after China, may import a record quantity of soybean and palm oils for a fourth year as growing population and incomes increase demand for processed foods, a processors’ group said.

Purchases may climb to 9.5 million metric tons in the year starting Nov. 1
, compared with 9 million tons this season, Ashok Sethia, president of the Solvent Extractors’ Association of India, said in a phone interview from Kolkata today.

“Imports will need to increase by a minimum 4 to 5 percent annually to meet demand from a growing population in a booming economy,” said Sethia, who is due to speak at a three-day event in Mumbai starting Sept. 24. “Purchases can be more or less depending on prices and the local oilseed crops.”

Imports by India surged 64 percent to a record 1.07 million tons in August from 650,603 tons a year earlier, the association said Sept. 14. Purchases in the November-August period climbed 5 percent to 7.45 million tons from a year ago, it said. [India] relies on imports to meet almost half its annual cooking fat demand.

Technorati Tags: , ,

Popularity: 4% [?]

Expanded cooperation between Mercosur and India

In an effort to further increase trade between Mercosur and India, representatives from both sides will soon meet to expand the number of products covered by the Agreement on Fixed Tariff Preferences (AFTP).

From MercoPress:

“Teams from both sides have been meeting and we pledged to develop a list of new products to be included in the agreement in November this year,” Scindia told a press conference after the India-Brazil Business Meeting in Sao Paulo.

The Agreement on Fixed Tariff Preferences (APTF) between India and Mercosur comprising Argentina, Brazil, Paraguay and Uruguay entered into force in 2009, aiming at creating a free trade area.

The APTF agreement, which currently covers import and export of 452 products, is to gradually increase the categories of products with special taxation.

The extension of the agreement will be of strategic importance to boost trade relations between the countries involved, Scindia said.

Trade volume between Mercosur and India should reach 17 billion US dollars in 2012 and 30 billion dollars in 2030, according to estimates of the Indian minister.

Roberto Giannetti, director of the Department of International Relations of the Federation of Industries of Sao Paulo, said free trade between Mercosur and India would also be beneficial to Brazil.

“We’re very interested in a Mercosur-India free trade agreement. Brazil needs investments to be made in several areas and may also collaborate with India, especially in the supply of food and energy,” he said.

Brazil-India trade increased from 1 billion dollars in 2003 to 4.7 billion dollars in 2008, according to the Brazilian government.

Popularity: 2% [?]

India’s water nightmare for agriculture and why Latin America is the place to mitigate that crisis

India vs. LatAm: Water Scarcity vs. Abundance

The Diplomat

Analysts say India’s per capita water availability is set to slip below the critical 1,000 cubic metres mark by 2025, and the country is expected to join China in facing significant water stress.

The turnaround in India’s water situation has been dramatic. In 2005, the Global Water Initiative said India had ‘abundant’ water in 1975 but that by 2000, this happy state of affairs had turned into ‘stress’ even as demand has continued to grow.

‘Water–The India Story’, a widely quoted study by market research firm Grail Research, points out that India’s per capita domestic consumption of water is expected to grow to 167 litres a day by 2050, up from 88.9 in 2000. Factor in the growing population (expected to increase from 1.13 billion in 2005 to 1.66 billion by 2050) and the picture starts to look bleak.

At present, agriculture guzzles nearly 90 percent of India’s water consumption, even though it contributes only about 17 percent of the country’s GDP. This imbalance is, suggests Grail Research’s report, set to grow, with production of water-intensive crops expected to jump by 80 percent between 2000 and 2050, while the volume of water used for irrigation in India is likely to increase by 68.5 trillion litres between 2000 and 2025.

D.R. Sikka, former director of the Indian Institute of Tropical Meteorology, says tough policy decisions need to be taken to ease agriculture’s dangerously insatiable appetite for water. Overall, India isn’t a naturally water-rich country, he explains, noting that it has several dry areas and only two main sources of fresh water—glacier melt, which is restricted to the months of April to June, and the three-month-long monsoon season that runs until September.

‘So 90 percent of our rainwater is available for only 3 to 4 months a year. If the monsoon fails, an entire season is lost,’ Sikka says. ‘But governments haven’t taken a long term view of our water policy. Over the last many decades, political systems have given farmers free electricity. This has enabled them to use electrical pumps at will to extract groundwater.’

India is generally seen as under-legislating its groundwater, with almost anybody being able to extract water with little or no permission. As things stand, the population density supported by India’s river basins is higher than most other developing countries. Yet Grail’s findings suggest that by 2050, groundwater levels in the Ganges basin will be depleted by between 50 and 70 percent; levels in the Krishna, Kaveri and Godavari basins, which provide water to the big southern states, could be depleted by as much as half.

‘Farmers have also been encouraged to produce bumper, water-intensive crops like rice, even in states like Punjab, Haryana and Western UP which aren’t really water-rich,’ adds Sikka, a member of several committees on climate change at the Ministry of Earth Sciences, Indian Space Research Organisation and Indian Meteorological Department. ‘Scientists can only express the dangers we see imminent. Keen political will is required for big changes. (But) the farmer lobby is so strong ‘.

Technorati Tags: , ,

Popularity: 8% [?]

Indian companies in the Forbes Asia Fab 50 list

Forbes

Forbes
Asia has released its 2010 roster of the Fabulous 50, the best bigger
companies in Asia-Pacific that are publicly traded. These have sales or
market capitalization bigger than $3 billion.

Indian firms on the
list are: Adani Enterprises, Axis Bank, Bharat Heavy Electricals, Dr.
Reddy’s Laboratories
, HCL Technologies, HDFC Bank, Hindalco Industries,
Infosys Technologies, ITC, Jindal Steel & Power, JSW Steel, Kotak
Mahindra Bank
, Larsen & Toubro, Mahindra & Mahindra, Sterlite
Industries
and Tata Consultancy Services.

Technorati Tags: ,

Popularity: 1% [?]

India’s Vegetable oil imports – including soy oil from Brazil/Argentina, exceed over 1 million tonnes in August


Financial Express

According to the latest data from the Solvent Extractors’ Association of India (SEAI), import of 1.06 million tonne of vegetable in August 2010 mainly consisting of edible oil is the highest in a single month since the government allowed import of crude vegetable oil for meeting the domestic demand in 1994. In India, edible oil demand usually jumps ahead of festivals and marriage as consumption of fried eatables rises.

SEA said India’s imports in August [2010] were an increase of 64% compared to same month last year, 2009. About 1.3 lakh tonne of RBD palmolein, 5.4 lakh tonne of crude palm oil and 2.1 lakh tonne of soyabean oil were imported during the month. SEA said around 6.8 lakh tonne of edible oil stock was at ports and about 7 lakh tonne were in the pipeline at the start of this month. In August, 2009, edible oil imports stood at 6.12 lakh tonne, while non-edible oil shipments amounted to 37,705 tonne, the industry body said.

India imports palm oils from Indonesia and Malaysia, while soyaoil and sunflower oil are sourced from Argentina and Brazil. India, the second-biggest vegetable oil consumer after China, had imported a record 8.6 million tonne of vegetable oil in the 2008-09 oil year.

Technorati Tags: , , , ,

Popularity: 5% [?]

India’s Suzlon Plans to Export Wind Turbines to Brazil from China

Los molinos de viento ganan popularidad en la India
 WSJ.com

Suzlon Energy Ltd. plans to open a research-and-development center in China and to make the first large export of turbines from its Chinese factory, its chairman said.

Chaiman Mr. Tanti, speaking on the sidelines of the World Economic Forum, an annual meeting of business leaders, politicians and others, said the planned export of 120 megawatts of wind turbines to Brazil marks the first time Suzlon is using its low-cost manufacturing and supply base in China for sales overseas and is part of broader plan to increase exports from China.

The Brazil deal could be valued at as much as $200 million, based on an industry average for deals of that size. Mr. Tanti declined to specify the value or the name of the buyer, but said the deal could be the largest export of wind turbines from China from a domestic or foreign producer. Each turbine will have a capacity of 2.1 megawatts. They are scheduled for delivery next year, he said. Suzlon, which Mr. Tanti founded in Pune, India, in 1995, is now one of the biggest wind-power companies in the world.

Technorati Tags: , , ,

Popularity: 5% [?]

India signs agriculture pact with Argentina

Last month, I filmed the farm equipment pavilion – see below, at the La Rural agro fair in Buenos Aires. The scale, size and variety of the locally-developed machines attests to the high-tech nature of farming in Argentina, and neighboring Uruguay, Paraguay and Brazil.

Farm Equipment on Display at the Argentina La Rural Trade Fair

Yahoo! India News

India has signed an agreement with Argentina on conducting research in agriculture and other allied sectors, in line with its plans to tap natural and other resources in South America to boost its food security.

Agriculture Minister Sharad Pawar signed a memorandum of understanding on cooperation in agriculture and allied sectors with his Argentine counterpart Julian Andres Dominguez here this weekend.Pawar is on a two-week long visit to Argentina, Brazil and Mexico to study the best practices in agriculture in these countries.

The South American countries have overtaken the US in soya production, accounting for 50 percent of global production. India this April replaced China as the biggest importer of Argentine soybean oil. Argentina is the world’s largest exporter of sunflower and soybean oil; world’s second largest exporter of corn; and world’s third largest producer soybeans.

‘The memorandum of understanding provides a framework for exchange of information on best practices and technologies, cooperation in research and development and promotion of trade, investment and joint ventures,’ said an official release. India is looking to replicate the success of Argentina in turning agriculture into a high-technology sector.

The Indian delegation led by Pawar will also explore the possibility of increasing the supply of edible oil and pulses to the subcontinent as domestic output has not been able to meet galloping demand.

Technorati Tags: , , , , ,

Popularity: 2% [?]

Chile Moves Closer To Sealing Trade Agreement With India

 Real Time Market News | Dow Jones

Chile is a step closer to sealing a free-trade agreement with India, the remaining economic superpower it has yet to sign one with.

The Andean nation currently has various types of free-trade agreements with 58 countries, including the U.S., China, and the European Union, representing 60% of the global population.

Chile and India signed a preferential trade agreement that has been in force since 2007, making Chile India’s first trade partner in Latin America. The two countries now look to deepen their investment and trade ties.

“I firmly believe that we need to set the foundation to be able to take this relationship to the next level….There are tremendous amount of complementarities between both our economies,” India’s Commerce and Industry Minister, Jyotiraditya Scindia, told Dow Jones Newswires. Despite being on opposite sides of the world and having vastly
different economies, India and Chile are both on firm footing
following the global financial crisis.
Chile is one of the world’s leading exporters of natural
resources such as copper, woodpulp, fishmeal, nitrates, iodine,
molybdenum and lithium.

Technorati Tags: , ,

Popularity: 1% [?]

The food crisis – climate change could reduce India’s food crop by as much as 30% in the next 25 years

Global Warming and Agriculture (www.cgdev.org)
 UPI.com

Welcome to the future. The combination of population growth, richer diets and the erosion of arable land means that there will be pressure on food supplies for decades to come.

Wheat prices touched $300 a ton last month, almost double their price in April. Beef prices in the United States are back to their 2008 peak of 90 cents a pound, after a bumpy but steady rise from 60 cents a decade ago. Prices for lamb have tripled in the course of this decade.

But there are two wild cards lurking in the future that could turn crisis into catastrophe. The first is climate change. It matters not whether one assumes this is caused by human action or is simply one of those centuries-long trends of warming and cooling that has marked the Earth’s history. Temperatures are rising, weather and rainfall patterns are shifting and these changes will have major impact on crops and yields.

The most serious study yet produced on the likely impact of climate change on food, by William Cline of the Peterson Institute for International Economics in Washington, claims that the most serious change could come in India.

His model suggests that the overall food crop in India could fall by as much as 30 percent over the next 25 years. Since India’s population is expected to grow from 1.1 billion to 1.5 billion over the same period, this spells disaster.

The second wild card is a form of wheat rust called Ug99, so named because it first emerged in Uganda in 1999. At first it was thought to have been controlled within a limited area but it seems to be spreading inexorably. First it hit crops in Kenya, then Ethiopia. Then it jumped across the Red Sea to Yemen and has now been found in Iran. This year it was found in South Africa.

Worse still, it isn’t a single fungus. It has developed four variants so far, which means it can overcome most of the cocktails of wheat breeds that scientists have developed over recent decades.

The fear is that the virus spreads from Iran eastward into the Punjab, the breadbasket of the Indian subcontinent, with dire implications for India and Pakistan. Or it could move north into the Caucasus and central Asia and then attack Russia and the Ukraine and Europe.
Read the rest of this entry »

Popularity: 4% [?]

Sitio Temporalmente Suspendido

Este sitio está temporalmente suspendido.

Por favor contacte a Creixems Web Studio para la reactivación