In the first eight months of FY20, exports of cut and polished diamonds fell 19.4 per cent. This kept the overall gems and jewellery exports lower by 5.8 per cent at $25.5 billion. Polished diamonds and coloured gemstones were big underperformers in this basket. But gold and silver jewellery as well as synthetic gemstones have shown positive trends. Industry […]
India’s rabi acreage to go up by 6.6 per cent to 572 lakh hectares this week over the corresponding week last year, according to rabi sowing data released by the Agriculture Ministry. The total planted area under winter crop the same week last year was 536 lakh hectares. There was an almost 10 per cent […]
Gold is set to remain more expensive in the New Year as continuing geopolitical tremors, economic woes and rupee volatility are expected to push the yellow metal even to Rs 45,000 for 10 gram, says a PTI report. Thanks to various government policies and soaring stock market, gold witnessed periodic as well as steep price fluctuations in […]
India may dominate the global sugar market as prospects for next year’s cane crop have brightened due to brimming reservoirs. Bountiful monsoon rains this year have led to above average water levels in reservoirs, which will in turn boost the amount of sugar cane that’s planted, according to industry and Indian government officials. Sugar output […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.8 million tonnes in November 2019, a 1.0 per cent decrease compared to November 2018. China’s crude steel production for November 2019 was 80.3 million tonnes, an increase of 4.0 per cent compared to November 2018. India produced 8.9 […]
The price of silver jumped 8 per cent in both domestic and international markets on the back of a sharp rise in industrial demand ahead of the Chinese New Year celebrations on January 25, 2020. Silver traded at $17.9/oz at the London spot market on Thursday, recording an 8.2 per cent jump from its recent low about […]
Liquidity crunch due to financing cuts by banks leading to cutters and polishers reducing purchases has resulted in India experiencing the steepest decline in net rough diamond imports sharply in 2019 so far. According to the data from the Gem and Jewellary Exports Promotion Council, the overall gross import of rough diamonds between April to […]
After onion prices meteoric surge, cooking oil is also expected to hit the grocery bills of Indian households as edible oils have registered a rising trend due to costlier imports. Prices of almost all edible oils have increased and due to “costlier imports from Malaysia and Indonesia, edible oil prices are likely to see a […]
India’s rampant onion prices may finally be running out of steam, with fresh supplies of the pungent vegetable set to hit the market next month. In addition, state-owned trading firm MMTC, which has already importing onions on behalf of the government, has contracted an additional 12,500 tonnes of edible bulb from Turkey to boost domestic availability and […]
In 2019, agri commodity markets were impacted by several unprecedented incidents and uncommonly severe conditions, says RaboBank’s 12 month outlook report. As macro, political, and climate risks continue to make their mark on agri commodity markets in 2020, producers, processors, traders, and retailers need to prepare, the report warns. China’s hog herd declined significantly, as […]
