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Time of India
a day ago
- Business
- Time of India
Praj Industries shares in focus on securing bioethanol project in Paraguay
Praj Industries shares: Enersur S.A. has chosen the Indian engineering giant for the execution of a fully integrated BioRefinery Project. Praj Industries shares: Through this strategic partnership, Praj will contribute to the development, evaluation, and step-by-step implementation of the biorefinery, which is designed to produce ethanol along with co-products including distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF). Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Praj Industries are expected to be in focus on Friday, June 6, following the announcement that Enersur S.A., one of Paraguay's leading renewable energy companies, has selected the Indian engineering major for a fully integrated BioRefinery Project in this strategic partnership, Praj will support the development, assessment, and phased implementation of the biorefinery, which aims to produce ethanol along with co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF).This project builds upon a previous contract awarded to Praj by Enersur to design, supply, and commission a 600 m³/day Anhydrous Ethanol plant in Canindeyú, Paraguay, which uses corn as plant is expected to be fully operational by October 2026 and marks a major milestone in Paraguay's commitment to clean energy and rural responsibilities will include technology licensing, engineering design, core equipment supply, and on-ground supervisory initiative is anticipated to generate significant employment opportunities, driving inclusive economic growth in rural Paraguay while reinforcing the global transition to low-carbon energy.'This partnership goes beyond ethanol—it embodies our shared vision to harness the full potential of bio-based innovations for clean energy, circular economy, and long-term energy resilience across South America,' said Pramod Chaudhari, Founder Chairman of Praj collaboration was formalized during the recent state visit of Paraguayan President Santiago Peña Palacios and a high-level delegation to India from June 2 to 4, 2025.'As the world accelerates its transition to greener energy, this landmark project represents a major step forward for Paraguay while reinforcing Praj's strong and growing presence in South America. With over 100 references across the Americas—including the USA, Brazil, Colombia, Argentina, and Peru —Praj continues to deliver cutting-edge, sustainable bioeconomy solutions across the region,' the company said in an exchange Thursday, the shares of Praj Industries closed nearly 1% lower at Rs 489.75 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Arabian Post
4 days ago
- Business
- Arabian Post
Vietnamese Agri Trade Mission to Iowa
Ministers witnessed MoU signing between Vietnamese and Iowa agribusinesses. IOWA, US – Media OutReach Newswire – 3 June 2025 – A delegation of the Ministry of Agriculture and Environment of Vietnam led by Minister Do Duc Duy began a trade mission to the United States, with the first stop being Iowa. Welcoming and working with the delegation, on the side of the Iowa Department of Agriculture were Secretary Mike Naig and Deputy Secretary Grant Menke. At the meeting, Minister Do Duc Duy expressed his interests to lead a delegation consisting of Vietnamese government agencies, associations and agribusinesses to visit Iowa state, known as the 'Heart of Agriculture' in the United States. With a long history of farming system, Iowa is the leading corn production in the United States, with total output of 50 million tons of corn per year. Besides, the state is also home to many other agricultural commodities such as soybean, wheat, pork and beef. 'Vietnam has become one of the world's leading agricultural exporters, contributing positively to global food security. We are constantly expanding our processing capacity, improving quality for sustainable agricultural development in Vietnam. Therefore, Vietnam and the United States can completely complement each other, jointly develop bilateral, stable and long-term agricultural supply chains,' Minister Do Duc Duy affirmed. ADVERTISEMENT At the meeting, the two sides jointly recognized and assessed the current status of agricultural trade cooperation between Vietnam and Iowa, and shared information, needs and potentials for business cooperation between the two sides. The discussion opened a substantive direction, promoting the export of high-quality agricultural products from Iowa to the Vietnamese market and vice versa. Notably, the delegation of 50 Vietnamese agribusinesses accompanying Minister Do Duc Duy to the United States this time is expected to sign MoUs to purchase over 2 billion USD of agrifood products from the United States. Particularly for the state of Iowa, businesses and associations of the two sides have signed 5 MOUs with a total value of about 800 million USD over 3 years. Those are significant deals compared to 44 million USD of agricultural exports from Iowa to Vietnam in 2024. Specifically, Vietnam's Khai Anh Binh Thuan Company signed an MoU to import one million tons of soybean meal, valued at approximately $380–390 million, from its partner Ag Processing Inc (AGP). The company also committed to purchasing 900,000 tons of corn and wheat from United Grain, valued at around $250 million. Viet Nhat Nutrition Technology Company signed a contract with POET Group to import 100,000 tons of DDGS and 100,000 tons of soybean meal, with a total value estimated at 60–70 million USD. Public–private partnership between the two countries also expanded through an MoU between the Department of Livestock Production and Animal Health (under Vietnam's Ministry of Agriculture and Environment) and the Iowa Pork Producers Association (IPPA). Under this agreement, both sides committed to strengthening trade ties and promoting collaboration between Vietnamese and Iowa pork industry by organizing technical seminars, market promotion and trade missions. In addition, the meeting provided opportunities for many other Vietnamese and US businesses to connect, opening new avenues to enhance trade relations and strengthen the Vietnam–US agricultural supply chain linkages. These connections are expected to accelerate the transfer of advanced U.S. technologies to Vietnamese agribusinesses, paving the way toward green, smart, and sustainable agricultural development in Vietnam. Minister Do Duc Duy expressed his confidence that today's event marks the beginning of a new phase of deeper and more effective cooperation between the Vietnamese business community and the state of Iowa. He emphasized that the outcome reflects the shared goodwill of both sides to advance the comprehensive strategic partnership between Vietnam and the United #MAE The issuer is solely responsible for the content of this announcement.
Indian Express
5 days ago
- Business
- Indian Express
Lower duty on edible oils, nuts; target growth in spice, rice in US deal: Niti Aayog
India should offer concessions on agricultural products from US such as edible oils and nuts where domestic supply gaps exist, and explore duty concessions to boost high-performing exports — including shrimp, fish, spices, rice, tea, coffee, and rubber — in the US market during the Bilateral Trade Agreement (BTA) negotiations, a Niti Aayog working paper has argued. The need for calibrated negotiations on agricultural trade relations between India and the US arises as India has traditionally maintained relatively high tariffs on politically sensitive agricultural sectors to protect farmers, but the US, under President Donald Trump, has been aggressively pushing for greater market access and lower tariffs, posing a challenge for developing countries such as India. The working paper dated May said India can offer some concessions to the US in the 'import of soybean oil' to meet US demands to reduce the trade imbalance, without harming domestic production, as India is the largest importer of edible oil in the world and the US has a huge export surplus of soybean. 'Import soybean seed from US 'We should also explore the option of importing soybean seed and using it for extracting oil in the coastal areas, then selling the oil in the domestic market and exporting the meal, for which there is adequate overseas demand. This will avoid genetically modified (GM) feed entering the Indian market,' the paper, authored by Senior Adviser at NITI Aayog, Raka Saxena, and Member of NITI Aayog, Ramesh Chand, said. 'Similarly, corn may be imported for ethanol blending, and its by-products — like Distiller's Dried Grains with Solubles (DDGS) — can be entirely exported to avoid GM feed in the country. US corn is cheaper and can be used to meet India's biofuel targets without disrupting local food and feed markets,' the paper said. Notably, soybeans and corn are among the US top exports to China, where a trade war may affect agricultural trade between the two countries. According to a Reuters report, US soybean exports may drop 20 per cent and prices could plunge if the United States and China fail to resolve their trade dispute, limiting US soybeans from accessing their largest market. Ease US apple imports 'Indian producers already enjoy supply advantages in commodities like rice and pepper. High tariffs on such products by India, which are regularly exported by the country, can be easily lowered or even removed in the bilateral trade accord. Such tariffs are not relevant for trade with countries like the US,' the paper said. The Niti Aayog paper said India can consider lower tariffs on agricultural commodities where either domestic production is small or imports do not compete with domestic production due to different quality grades and seasons. 'For example, US apples sell at a premium price in Indian retail markets due to different quality, long shelf life, and off-season availability.' Boost exports of fish, spices & coffee 'India should negotiate more access to the US market for high-performing exports like shrimp, fish, spices, rice, tea, coffee, and rubber. India earns approximately $5.75 billion annually from agri-exports to the US. Expanding this through duty waivers or TRQs should be part of trade talks,' the paper said. The authors said that US is expected to remain a big market for export of surplus food from India and all efforts need to be made to keep favorable environment for export to US. 'This should include strategic opening for US imports into India to achieve larger gains in exports. The ongoing negotiations between the two countries for a bilateral trade accord seem to be the best option for resetting long term trade relationships'. 'Export basket should emphasize both, traditional products like fishery and rice sold in large volume and a large number of high value products, differentiated products, ethnic products, attribute-based products, health foods, processed food etc. which are individually small but cumulatively quite large,' the paper said. In the last 10 years, India's agricultural exports to the US grew nearly fivefold, from $1.18 billion to $5.75 billion and the share of the US in India's total agricultural exports saw a slight decline, dropping from 11.5 per cent in 2004 to 9.8 per cent in 2024. Meanwhile, India's agricultural imports from the US increased even faster, rising from $291 million in 2004 to $2,217.9 million in 2024. Ravi Dutta Mishra is a Principal Correspondent with The Indian Express, covering policy issues related to trade, commerce, and banking. He has over five years of experience and has previously worked with Mint, CNBC-TV18, and other news outlets. ... Read More
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Business Standard
19-05-2025
- Business
- Business Standard
India eyes rapeseed meal export revival to China as price gap widens
India is aiming to regain its market share in China's rapeseed meal imports, taking advantage of the commodity's lower price as compared to the international rate amid global supply constraints, industry body SEA said on Monday. Indian rapeseed meal is trading at USD 202 per tonne (Ex-Kandla FAS) as compared to international price of USD 308 per tonne (Ex-Hamburg). This creates a compelling opportunity for Indian exporters. The Solvent Extractors' Association (SEA) has urged Ministry of Commerce to negotiate with Chinese authorities for relaxed import conditions. Currently, only three Indian facilities registered with China's General Administration of Customs are permitted to export rapeseed meal to the Chinese market, it said in a statement. China, a major consumer of rapeseed meal for animal feed, sources most imports from Canada and the European Union, where supplies have tightened and prices have risen. "Given the prevailing supply constraints and rising costs, India now has a valuable opportunity to regain its foothold in the Chinese market, if China relaxes its stringent import conditions on Indian rapeseed meal," the industry body said. Meanwhile, India's oilmeal export sector faces growing competition from Distillers Dried Grains with Solubles (DDGS), an ethanol by-product increasingly used as a protein-rich alternative in cattle and poultry feed formulations. "DDGS is now part of the supply chain and the industry will have to adapt its business accordingly," the SEA said, noting that DDGS partially substitutes traditional ingredients like soybean meal, rapeseed meal and de-oiled rice bran in feed. The industry body said this shift could moderate growth in traditional oilmeal exports, requiring targeted strategies to sustain demand in key markets. It also noted that India has harvested a record soyabean crop in kharif season and rape-mustard crop in the rabi season of this year which encouraged higher crushing and increased availability of meal. "However, the export demand is lacking due to disparity in international market." In April this year, oilmeals exports rose marginally to Rs 4,65,863 per tonne, from Rs 4,65,156 per tonne in April 2024. Out of total exports, rapeseed meal shipments were at 2,13,023 tonne and soyabean meal at 2,30,743 tonne in April this year.
