Nearly a third of India’s rice exports for this month are stuck due to a shortage of freight trains

Nearly a third of India’s rice exports for January 2022 are stuck due to a shortage of freight trains. Most traders have stopped signing February export contracts to avoid demurrage charges, industry officials told Reuters. The slowdown in exports from India, the world’s biggest rice exporter, has allowed rival suppliers such as Thailand, Myanmar and […]

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India is readying massive power grid for major renewable energy expansion

India is setting up “green energy corridors” to cover the length and breadth of the country in two phases. “The Green Energy Corridor Project aims at synchronizing electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid,” India’s Ministry of New and Renewable Energy says on its website. One phase […]

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De Beers strikes diamond buyers with one of the steepest price increases in recent times

Diamond company, De Beers has implemented its biggest price increase for diamonds in years as the industry consolidates its recovery from the first pandemic-induced shutdowns. The Anglo American unit hiked prices by about 8% at its first sale of the year, according to Bloomberg. The sharpest increases of up to 20% were for smaller, cheaper stones. […]

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India’s edible oils import bill jumps by 75% to Rs 1,04,354 crore during Apr-Dec 2021: SOPA

The country’s edible oils import bill surged 75 per cent to Rs 1,04,354 crore during the first nine months (April-December 2021) of the current fiscal from Rs 59,543 crore in the year-ago period, a processors association said. According to Soybean Processors Association of India (SOPA) Chairman Davish Jain, during the first nine months (April-December 2020) […]

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