Global weather troubles influence agricultural prices, cloud outlook

Unpredictable weather is ruling agriculture markets, as supplies of major commodities are stretched thin allowing little room for output losses, while meteorological conditions in major producing countries look uncooperative. While ongoing weather troubles in the agriculturally prominent countries are influencing prices of wheat, corn, soybean, and vegetable oils, uncertain weather is likely to cast a […]

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India’s leather-based exports more than triples in two months; exports jump to $641.72 million in Apr-May 2021

India’s export of leather products and footwear has jumped to $641.72 million in April-May 2021 from $ 146.79 million in the corresponding period last year, the Council for Leather Exports (CLE) said. CLE is expecting this growth trend to continue during the coming months. CLE’s newly elected chairman Sanjay Leekha said that after a prolonged period of market slowdown caused by the Covid 19 pandemic, which led to 27.72 per […]

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Adani loses $13 billion in four days in worst wealth devastation last week

Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raised questions about some offshore investors. The news triggered a stockmarket rout in his conglomerate’s six listed stocks. The 58-year-old tycoon has lost more money this week than anyone else in the world, with his personal fortune tumbling by about […]

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First grim sign in the global commodity boom sparkles in China

Chinese demand—a pillar of this year’s blistering commodities rally—may be teetering.Beijing sailed to its economic recovery from the pandemic largely through an expansion in credit and a state-aided construction boom that sucked in raw materials from across the planet. China, the world’s biggest consumer, spent $150 billion on crude oil, iron ore and copper ore […]

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India’s GDP growth may fall below 9% in FY22 due to 2nd Covid wave: CARE Ratings Survey

Amid a raging second wave of COVID-19 and subsequent restrictions on business activities imposed by several states, economic recovery is beginning to lose steam and the country’s GDP growth is likely to be below nine per cent for the current fiscal, according to a survey. At least 80 per cent of the respondents expect consumer demand for non-essential items […]

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Retail, wholesale traders incur loss of Rs 6.25 lakh crore in April 2021 due to Covid restrictions: CAIT

Around 8 crore traders in India have suffered a cumulative business loss to the tune of Rs 6.25 lakh crore during April due to multiple Covid restrictions including lockdowns, curfews, etc., enforced by state governments, according to the apex body for traders’ community, Confederation of All India Traders (CAIT). In a statement issued by CAIT, […]

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SME chemicals sector set for rebound in revenue: CRISIL SME Tracker

Small and medium enterprises (SMEs) in the domestic chemicals sector are on course for 18-23 per cent revenue growth in the current fiscal year (FY22), mainly owing to recovery in domestic demand and higher realisation due to a rise in the prices of chemicals, stated a report from CRISIL SME Tracker. Moreover, an ongoing surge in exports as importer-countries reduce […]

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