Indian Prime Minister Narendra Modi on Saturday urged the domestic industry to increase their investments in the agriculture sector and voiced confidence that recently-launched reforms would enable farmers to increase their income. “The amount of investments that should have come from the private sector in agriculture has not happened. If you look at infrastructure such as cold storage, it has […]
Indian farmers, who called for a nationwide bandh on Tuesday, are divided over whether to accept the three new farm laws with modifications or only settle for a complete repeal, according to sources. Farmer representatives are likely to meet the government representatives on Wednesday, after which a consensus may emerge over the way forward. The nationwide […]
The Reserve Bank of India on Friday decided to keep the repo rate unchanged at 4% while pledging to keep its accommodative monetary stance unchanged for as long as necessary to cope with covid’s impact. The reverse repo rate was also kept at the the current leve of 3.35%. It noted that tbe global economy […]
The world will be producing less cotton than what was expected for the current marketing year, which will ease a cycle of downward prices since the pandemic, says the International Cotton Advisory Committee (ICAC). Production of cotton this year has been revised down to 24.7 million tons from 24.9 million tons estimated earlier. The recovery […]
JY Lim, Asia Oil Market Advisor, S&P Global Platts, spoke to indoasiancommodities.com Consulting Editor Biman Mukherji on the prospects for the global oil markets next year following promising results for covid vaccines, the establishment of a Regional Comprehensive Economic Partnership (RCEP) and prospects of global economic recovery, particularly in Asia including India and China. With […]
The forecast for world total grains (wheat and coarse grains) production in 2020/21 is cut by 7m t m/m (month-on-month), to 2,219m, with a 10m downward adjustment for maize only partly offset by upgrades for other grains, the International Grains Council (IGC) said in its latest monthly report. The reduced outlook for global maize production is mainly […]
Available freshwater resources per person have declined by more than 20 percent over the past two decades globally, underscoring the importance of producing more with less, especially in the agriculture sector, the world’s largest user of water, the Food and Agriculture Agency said in a report. More than three billion people live in agricultural areas […]
The hoarse cry of tea sellers at railway stations and roadside peddler of oily noodles have always been ubiquitous to India, but their trade are likely in for tougher times in the wake of pandemic. That as a global research study by Tetra Pak and Ipsos shows that food safety has emerged as a far […]
The World Steel Association (worldsteel) said global crude steel production for the 64 countries reporting to it was 161.9 million tonnes (Mt) in October 2020, a 7.0% increase compared to October 2019. In Asia, China produced 92.2 Mt of crude steel in October 2020, an increase of 12.7% compared to the same month last year […]
India’s gold demand has picked up since a sharp fall in gold prices from record highs in wake of the recent announcement of vaccines to combat covid, although volume of purchases remains below last year’s level due to postponement of weddings that usually occur during this part of the year. Gold prices in India have come […]
