1. Wake up and smell the coffee. Your morning cuppa is going to get costlier. As global prices continue to soar due to shortages of beans triggered by the changing climate in key producing countries such as Brazil and Vietnam, roasters and coffee manufacturers in India are gearing up for yet another round of price hikes soon.
2. Two weeks since India allowed export of one million tonnes (mt) of sugar, only a negligible quantity has been shipped out of the country so far. This is given sugar mills seeking higher prices because of an increase in domestic prices.
3. India’s gold demand in 2025 is projected to remain robust, ranging between 700-800 tonnes despite a 31 per cent increase value-wise in 2024, Sachin Jain, Regional CEO—India, World Gold Council, said.
4. January 2025 continued to record temperatures observed across the globe throughout last two years, despite the developing La Niña conditions in the tropical Pacific and their temporary cooling effect on global temperatures. With neutral ENSO conditions projected this year, monsoon could be normal in India.
5. As a developing country, India can provide subsidies to agricultural sector through mechanisms such as Minimum Support Price (MSP). However, these subsidies must be within 10 per cent of the production value of the crop, and WTO (World Trade Organisation) must be notified about this support annually, according to a reply by the government in Parliament.