BY RITWIK SINHA Even as the wholesale sellers have not exactly downed their shutters at Azadpur Mandi (Asia’s biggest wholesale market for fruits & vegetables) following government’s announcement of lockdown for three weeks to combat Coronavirus crisis, the market operators are reporting situation increasingly turning out to be adverse for them. The wide fluctuation in […]
It was the last thing a slowing global economy needed. With the coronavirus pandemic hammering international travel, supply chains and production, Saudi Arabia delivered another shock to the system by declaring an oil price war, reports Al Jazeera. admin
Russia enters this oil price war with two overarching objectives: drive U.S. producers out of business, and expose Riyadh to the limits of American support. Will Putin prevail, asks The National Interest? admin
Older oil fields that are facing a natural decline in production and no major discovery in past several years has seen India’s reliance on imported oil only grow in the past three years, Petroleum and Natural Gas Minister Dharmendra Pradhan told parliament this week. “Crude oil import is increasing every year due to increase in […]
Above average temperatures are expected in many parts of the globe in the next few months, even without the presence of a warming El Niño event, according to the World Meteorological Organization (WMO). El Nino causes a surge in global temperatures but researchers have now found human-induced climate change is as powerful as the natural […]
The value of Australian agricultural production is forecast to remain high despite bushfires and prolonged drought, with overseas demand balancing drought-related falls in farm output and incomes, ABARES, the country’s agriculture forecaster said,. ABARES’ Chief Commodity Analyst Peter Gooday said the value of farm production in fiscal 2019-20 was expected to fall slightly to $59 […]
Area, production and productivity of Bt. cotton has increased steadily since its introduction in India, barring minor fluctuation in few years, the Minister of Agriculture and Farmers Welfare Narendra Singh Tomar informed parliament. He gave the following details of year-wise area under cotton, Bt. cotton, production and yield of cotton during 2002-03 to 2019-20: Years Area […]
The rapid spread of the novel coronavirus (COVID-19) will likely have a significant short term impact on Australia’s seafood industry, with production value tipped to slide 12% to $2.81 billion this financial year, the country’s premier agricultural forecaster, ABARES, said in a report. However, production value is expected to bounce back to $3.40 billion in 2020–21 as […]
While India has also suffered from the locust attacks, the country has for now brought the situation under control but only after substantial damage to crops in Rajasthan and Gujarat. There are fears, though, that the situation may aggravate again with the onset of monsoon in June. Authorities are ensuring availability of large quantities of insecticides along with […]
Seeking to bolster America’s economy amid growing fears over the coronavirus, the U.S. Federal Reserve cut interest rates on Tuesday by half a percentage point. The Fed said the emergency move puts rates in a target range of 1.00% to 1.25%, reports AgWeb. admin
