Located in Asia, Thailand is the second largest rice exporter in the world. The Asian nation ranks behind India in the global rice trade and is one of the reliable rice suppliers in the global market.
Last year itself, Thailand exported 7.69 million tonnes of rice to different countries around the world and as per data, Thailand exported rice worth 25,404.15 million Baht (USD 753.9 million) in the first two months of 2023.
The district administration has confirmed that the state and union governments have approved and sanctioned spending of over Rs 142 crore to upgrade four important roads in Ludhiana as part of a major infrastructure push.
Demand and supply play a crucial role in determining the price of any commodity. A lower market demand amid surplus supplies lead to a drop in prices of the commodity while a higher demand amid fall in supplies lead to a surge in prices and as it seems the latter has been true for sugar on 20th of April 2023.
Located in South America, Brazil is the leading producer of soybean in the world. Soybean is planted on vast acres of land every year and is the primary crop of the country. Once the Brazilian farmers are done with harvesting soybean, they plant corn on their fields and as the notion goes, corn acts as a second crop or “small crop” for the Brazilians.
Rice is one of the widely consumed agro-commodity in the world. From biryanis to kheers, a wide range of dishes can be made out of it and so the demand for rice remains high all year round.
The Asian countries are the major producers of rice in the world and favorable weather conditions and fertile soil help the countries on the Asian continent enjoy bumper harvest, year after year. India, Pakistan, Thailand, Vietnam are some of the largest rice producers of rice in Asia.
Many people are unaware of the fact that India-the leading rice exporter of the world is also the second-largest wheat producer. The Asian nation accounts for around 14% of the total wheat produced globally. However, despite this, India contributes a meager 3% of the global wheat trade.
According to a senior official, MoRTH has considered plans to maintain the rate of highway development and build up to 12,500 km of highways in the current fiscal year.
Alka Upadhyaya, the secretary of MoRTH, said on Wednesday that Rs 10,000 crore would be raised in FY 2023–2024 using the Infrastructure Investment Trusts (InvITs) method, according to PTI.
The biggest vegetable oil importer in the world, India, has increased its purchases of palm oil, which could aid Malaysia in lowering its stockpiles and maintaining palm oil prices.
According to experts, despite reports of lower production in Indonesia, the world’s largest producer of palm oil, as well as other factors like higher demand, Ramadan-the Islamic month of fasting, DMO (domestic market obligation) restrictions by the Indonesian government, and other geopolitical concerns, the price of palm oil is still on the rise.
Gone are the days when individuals and economies believed and worked in isolation. The world we live in today, thrives on co-operation and mutual efforts. This strengthens relationships and helps to tide through tough times.
Located in Asia, India is the largest sugar exporter in the world and it ranks behind Brazil in terms of sugar production. Owing to favorable weather conditions and sufficient rainfall, India has a bumper harvest every year and this helps the sugar exporters of the nation export bulk sugar to 50+ countries after meeting the domestic demand.
