Gold imports, which have a bearing on the country’s current account deficit (CAD), fell 8.86 per cent to $ 27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data. Imports of the yellow metal stood at $ 29.62 billion in the corresponding period of 2018-19. […]
Potato prices have jumped by 25 per cent in a month due to crop damage and frequent hailstorms in major cultivating regions. The price currently stands at double than its quote around the same time last year, reports Business Standard. The data compiled by the Nashik-based National Horticultural Research & Development Foundation showed model potato price […]
The Cotton Association of India (CAI) has released its February estimates of the cotton crop for the season 2019-20 beginning October 1, 2019, at 354.50 lakh bales of 170 kg each, retaining its previous figures. The cotton supply estimated by the CAI during the months from October 2019 to February 2020 was 298.43 lakh bales […]
Sugar production till February 29, 2020, in the current sugar season (SS: Oct 2019-March 2020) has declined by 22 per cent to 19.48 million tonnes (MT), against 24.93 MT produced in the same period last season. From October 1, 2019, till February 29, 2020, there were 453 sugar mills in operations, against 520 mills in […]
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 […]
Wholesale Onion prices at Lasalgaon — the country’s largest wholesale market for the bulb firmed up last week by Rs 500 per quintal after Ram Vilas Paswan, Union minister of consumer affairs, food & public distribution tweeted that the government has decided to lift the ban on onion export. The minister tweeted that since the […]
Cotton Corporation of India (CCI) has purchased 10,000 bales over the last few days for its commercial account due to low prices, said P Alli Rani, chairman cum managing director, CCI to the Financial Express. “There has been a marginal increase in buying for the commercial account, but we are hard pressed for people because […]
Alphonso mango exports from Maharashtra are on the decline, top officials of the Maharashtra State Agriculture Marketing Board (MSAMB) said, as per a report in the Financial Express. The Geographical Indication (GI) tag could become a major aspect for export and the Marketing Board has therefore decided to come up with several incentives for GI […]
Gold prices hit a fresh record high on Monday tracking weakness in Indian rupee as the new cases of coronavirus surged in Italy, China, South Korea and Iran. “MCX gold has reached uncharted territory since its trading at multi-year high in the international market. Coronavirus has continued to spread in Iran and South Korea. IMF has said […]
