AGRI NEWS NET
India said it will restrict sugar exports to safeguard against further price increases at home.
The restrictions will limit sugar exports to ten million tonnes for the current marketing year, which ends in September
Freight rates will drop by 20-30% in the second half of the year
Although inflation remains high, shipping prices have already started to fall as some U.S. importers reduce orders for goods amid concerns about rising inventory levels and uncertainty about the continued strength in consumer spending in recent months.
Role players team up for true agricultural masterplan
For this reason, various agricultural organisations, farmers’ unions, and industry organisations are joining forces to come up with a true agricultural masterplan. Extensive dissatisfaction with the state, Agbiz and Agri SA’s agricultural masterplan among farmers forced organisations including Saai, TLU SA, NEASA and the LWO together with local, district, provincial agricultural unions, and industry organisations to properly analyse the objections against it and formulate alternatives proposals in this regard.