After a broad-based deceleration in the initial quarters of this fiscal year, India’s growth rate is projected to fall to 6 per cent, the World Bank said. Both IMF and Ind-Ra ratings have also reduced India’s projected growth rate for this fiscal tro 6.1 per cent. In 2018-19, the growth rate of the country stood […]
India, one of the world’s biggest agricultural producers, experienced its heaviest monsoon rains in 25 years this year. While rain would normally cheer the agricultural heartland, the monsoon was erratic and has left many crops damaged. India is the world’s biggest producer of sugar, cotton and pulses and the second-biggest producer of wheat and rice. […]
The United States Department of Agriculture (USDA) estimates India cotton production for 2019/20 at 30.5 million 480-pound bales of 170 kg each, up 3 per cent from last month and up 15 per cent from the previous year. The increase is based on improved weather conditions and record planted area in the major cotton regions […]
Iraq approved an allocation of 2.25 million hectares of agricultural land for wheat planting as part of its 2019-2020 season, 500,000 hectares more than the previous season, an official at the agriculture ministry told Reuters last week. Iraq is a major Middle East grain importer and needs between 4.5 million and 5 million tonnes of […]
The U.S. Energy Information Administration (EIA) forecasts lower crude oil prices in the fourth quarter of 2019 and in 2020 despite tighter global balances. The tighter balances are largely the result of unprecedented short-lived loss of global supply following the September 14 attacks on crude oil production and processing infrastructure in Saudi Arabia, EIA said […]
The proposed Regional Comprehensive Economic Partnership (RCEP) will harm and worsen the trade deficit in the plantation commodities and make things miserable for the sector, which is already facing challenging times on account of low prices and high cost of production, says a study by the United Planters’ Association of Southern India (UPASI) , an […]
The excessive rains this year are likely to affect the soyabean production by around 20 lakh tonne in the country and stand at 89.9 lakh tonne, according to an assessment by the Soyabean Processors Association (SOPA). The soyabean output in 2019 is likely to fall nearly 18% from a year ago. The estimated total production […]
Signs of economic slowdown became more pronounced as the government data last week revealed factory output shrank by 1.1% in August, recording the poorest performance in seven years due to a sharp decline in production of capital goods and consumer durable. Industrial production growth for the first time in more than two years has treaded into […]
India will cover five more African countries in the second phase of its cotton technical assistance programme (TAP) for the region, Union minister Smriti Irani said on Monday. India implemented a technical assistance programme (TAP) for cotton in six African countries, namely Benin, Burkina Faso, Chad, Malawi, Nigeria and Uganda, from 2012 to 2018. India […]
India’s gold imports plunged 68 per cent year on year in September to their lowest in more than three years as record domestic gold prices curbed retail buying, reported Reuters last week. Lower imports by the world’s second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, […]
