Pratik Parija

India, one of the world’s biggest urea importers, received offers for the soil nutrient that were 12% below the June purchase price, signaling that the war-driven tightness in the global fertilizer market is easing.

Soaring import costs due to the war in Iran are piling pressure on the subsidy system farmers have long relied on.

India, the world’s second-largest sugar producer, is considering cutting its import duty on the commodity to help curb domestic prices that recently climbed to a record.

India’s monsoon crop planting has largely recovered after normal July rains helped offset the driest June in 12 years, potentially easing food inflation if the precipitation persists.

Raw sugar climbed to the highest in more than a year, on signs of buying interest in India amid prospects of the country easing import duties because of tight supplies.

India, the world’s second-biggest sugar producer, has allowed mills and refiners to import duty-free raw sugar in an effort to tame record local prices.

India, the world’s second-biggest wheat producer, has scrapped a years-long ban on exports of the grain, a move that could ease global supplies that are under strain from escalating attacks between Russia and Ukraine.

The government has permitted wheat exports with immediate effect, according to notifications issued on Monday by the Directorate General of Foreign Trade.

Putting publicly funded technologies in private hands could help them move from supplying components to manufacturing complex systems.

China is expected to ship at least 1.2 million tons of a key fertilizer variety to India, marking a ramp-up in sales from the world’s top producer after Beijing loosened export controls earlier this year.