Dropping Rupee Impacts Imports and Economy The Indian rupee has continued to drop in value against the U.S. dollar. It is currently trading at 70.14 versus the USD, and the depreciation is now at 10.30 percent. As noted in the 29 June 2018 report (click here), the Indian rupee had at that time lost 7.7 percent of its value against the USD since 1 January 2018 and was thought then to have found its bottom. In the past month alone, however, the rupee has depriciated 2.39 percent, making it the most vulnerable and worst performer in Asia.
This is a difficult situation, according to experts, as imports will be expensive. This is especially the case with crude oil, which has touched $70/barrel. India’s vegetable oil imports are a...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
