Heavy monsoon rains have damaged India’s main summer-sown oilseed crop soybean, although the total output will still likely be higher than last year. “We think that the output could be around 105 lakh tons, instead of 115 lakh tons that we were anticipating at the start of the season,” said B.V. Mehta, executive director of […]
Economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next year, as the region starts to emerge from the economic devastation caused by the coronavirus disease (COVID-19) pandemic, according to a report released by the Asian Development Bank (ADB). The Asian Development Outlook (ADO) 2020 Update forecasts -0.7% gross domestic product (GDP) growth for developing Asia this year — marking its first negative economic growth since the early 1960s. Growth will […]
The Weather Company, a business unit run by technology giant IBM globally, is keen to go beyond the basic weather forecast services and add more components to its portfolio in India. Speaking with indoasiancommodities.com, Himanshu Goyal, India Business Leader of the company, said its basic services of weather forecast which has immediate implications for many […]
Strong monsoon rains have buoyed top rice exporter India’s prospects amid competitive prices and expectations of a record summer crop, a top trade official told indoasianommodities.com. Exports of premium basmati rice have notched an 11% growth between April and June. Though data is not yet available for July and August, indications are that the trend […]
The uncertainty over U.S. presidential election that appears headed for a tight finish is set to drive up the demand for gold and silver coins in the coming weeks, according to participants at a webinar organised by the London Bullion Market Association. Democrat candidate Joe Biden is holding a slender lead over President Donald Trump, who is […]
Farmer Rao Talib rues that a late monsoon burst has partly damaged his rice crop in the northern Khedi Shikohpur village near Dehradun, but he is still hopeful that the harvest will be enough to see his family through the Covid pandemic. The responsibility of maintaining a large family of nine has grown as recently one […]
The Indian ice cream industry, one of the leading consumer businesses impacted badly by the Corona pandemic, is not hopeful of an early recovery considering the structural damages it has suffered since the beginning of this financial year, a senior industry officials said. Ashish Nahar, Secretary, Indian Ice Cream Manufacturers Association (IICMA) and Director of […]
Global food prices rose for the third consecutive month in August, influenced by generally firmer demand and a weaker U.S. dollar, according to a report released today by the Food and Agriculture Organization of the United Nations. The FAO Food Price Index, which tracks the international prices of the most commonly traded food commodities, averaged 96.1 […]
India’s area under summer season crop has hit an all-time high with the rapid progress of monsoon rains, putting the country on track for a fourth successive seasonal crop bonanza. However, the final output may come down due to chances of a La Nina, a weather phenomenon that causes warming of the Pacific Ocean that […]
A large chunk of public services and private business might be getting back to normal, but economic devastation caused by the Great India Lockdown triggered by fears over Covid-19 has created a huge crisis for the country’s restaurant business, the head of the apex industry body said. Anurag Katriar, President, National Restaurant Association of India […]
