US-China trade war gives India hopes to tap $1-billion of jewellery export opportunity to US

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India’s gems and jewellery sector hopes to tap a $1-billion export opportunity arising out of the ongoing trade war between the United States (US) and China, reports Business Standard. The opportunity came India’s way after the US levied a 10 per cent import duty on import of gems and jewellery from China, taking the tariff to 20.5 per cent. […]

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India’s copper exports plunge 69% in FY19 on Sterlite unit closure: EEPC

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Cumulatively for FY19, the export of the metal and its products dropped by whopping 69.4% to $1.065 billion, against the previous fiscal due to the shutdown of Sterlite Copper smelter plant at Tuticorin in Tamil Nadu, said Engineering Export Promotion Council (EEPC). The export of copper and copper products in March 2019 declined sharply by […]

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Garlic prices in India soar ahead of winter demand due to supply crunch

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Garlic prices have risen by as much as 55 per cent since June in retail markets, due to a sharp increase in stockists’ demand and reduced supply ahead of winter season, reports Business Standard. Data compiled by the government-owned National Horticulture Board (NHB) showed that garlic prices shot up at the highest rate of 55 per cent in […]

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India’s horticulture production in 2018-19 to be 314 million tonnes: Department of Agriculture

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Production of horticulture crops in India was officially estimated to have inched up higher in 2018-19 crop year ended June 30 on productivity gains, with output of fruit, vegetables, spices, flowers, and honey going up, while that of plantation, aromatic, and medicinal crops declining, reports Business Standard. India’s horticulture production is estimated to be 313.85 million tonnes […]

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Vegetables prices soar up to 50% in Maharashtra and Karnataka on heavy rainfall

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Vegetable prices have risen 25%- 40% over the past week in western and southern India because of heavy rainfall in the region that has damaged crops and disrupted transportation. Traders in Mumbai, Belgaum and Indore said vegetable prices are likely to remain high until the next harvest in about two months, reports Economic Times. However, […]

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De Beers to curb supply on weakening of diamond market

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De Beers, the world’s biggest diamond miner by value, is scaling back production plans for this year as it tries adjusting to a brewing industry crisis that’s hitting prices and lowering demand for precious stones. The Anglo American unit said a range of factors, including ongoing trade tensions between the United States and China, contributed to a 27% drop […]

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