The South Indian tea industry is expecting an output decline in the first six months of 2020 due to the Covid-19 impact. Most of the tea estates concentrated in Tamil Nadu and Kerala are not operating since the lockdown from March 24.
The latest report of The Association of Natural Rubber Producing Countries (ANRPC) said the increasing worries of global recession will continue to dominate the sentiments of natural rubber (NR) market during April 2020.
Prices of potato, dairy items and meat may rise further with cold storages running out of refrigerants. The poultry industry is in distress as they are unable to get feed for birds. Retail chains said customers continued to hoard, leaving very low stocks of staples like atta, poha, rajmaand packaged food like biscuits and instant noodles.
Kerala food and civil supplies minister P Thilothaman said at a press conference in Thiruvananthapuram that only five persons will be allowed at a time in a retail ration outlet as per the social distancing norms. Each dealer could introduce a token system to avoid crowding of card-holders.
Coffee exporters have sought the Centre's help to tide over the liquidity crunch they are facing due to the disruption in exports. Italy and Germany - principal buyers of Indian coffee are under lockdown after becoming hotspots for Covid-19.
The price of sheet rubber was around ₹135 per kg last week despite low availability
BS Yadav, managing director of Godrej Agrovet, a compound animal feed company, told reporters on Thursday that the coronavirus rumour has led to a 50% drop in consumption to 35-40 million birds a week, while prices have dropped by 70%.
The harvest season has just begun in the West African countries, and will continue for next few months.
If the stock has not reached the market, it means the growers are holding it, industry insiders said.
India exports 70 per cent of its coffee production.
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