Indian sugarcane & biofuel sectors still evolving rapidly

As we have frequently discussed, India’s Modi government has continued to support cane ethanol manufacturing and fuel use as a tool to increase energy independence, protect currency reserves, and even putatively contribute to environmental targets. As a result of an ethanol blending mandate and [...]

Food Price Index down to 15-month low

Adjusted for inflation, FAO’s Food Price Index (FPI) fell nearly 2 percent in December, reaching its lowest level since September 2021 and down about 2.6 percent YOY. FPI for all of 2022 was still up nearly 12 percent YOY and up nearly 37 percent [...]

January WASDE forecasts lower grain stocks

The January 2022/23 U.S. corn outlook is for reduced supplies, exports, domestic use, and ending stocks compared to December estimates. USDA lowered forecast supply because of the reduction of the harvested corn area, affecting production. Domestic use declined 35 million bushels to 12 billion [...]

Appeals for expanded India sugar export quota

Out of the initial Indian export quota of 6 MMT of sugar for 2022/23, between 5.3 and 5.5 MMT had already been sold at the end of December 2022, per Hindu Business Line. In 2021/22, India exported 11.2 MMT of sugar, and expectations are [...]

ERS sees 2023 food prices up 4% from last year

The Food Price Index (FPI), part of the Consumer Price Index (CPI), rose just 0.2 percent in November, slower growth than the 0.7 percent monthly growth in October. Mixed performance across the component prices led zero price growth for food at home, while the [...]

Domestic food CPI reported up 0.7% in October, up 11% YOY

In its October Consumer Price Index (CPI) reporting, ERS calculated that the price to consumers for all food rose 0.7 percent in September. YOY, the food CPI was reported up nearly 11 percent YOY. Of note is the growth in prices of food away [...]

FAO Food Price Index down 1.4 percent YOY

All but two components of FAO’s Food Price Index (FPI) fell in November, allowing the overall index to slip slightly from the previous month. The combined FPI has now seen monthly declines from April through November, and though this included drops of just 0.1 [...]

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