Farmers to dump supplies on market
The tide may be about to turn for suppliers in India, who barely stand a chance in the tender. Issue is that arrivals have now picked up, albeit at alarming speed. Major trading hubs in Gujarat are, for instance, reporting that farmers are supplying 2,500-3,000 bags per day, whereas the average influx recently only ranged at 300-500 bags. Arrivals will increase exponentially in the next two weeks as harvesting is underway.
Trouble now is that even if India gets a 50% share in the tender, this will only have a negligible imp