Spices Board of India to hold a special e-auction for cardamom on Sunday to celebrate India’s 75th independence year

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Spices Board of India is organising a mammoth cardamom special e-auction in a single day on Sunday, September 26, as part of the 75 weeks long programme named ‘Azadi Ka Amrit Mahotsav’ to commemorate the 75th year independence celebrations. The e-auction will bring together the spice community enabling the spice growers to connect with the […]

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Revenue of India’s gold jewellery retailers seen up 12-14% this fiscal – report

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After two consecutive years of decline, revenue of gold jewellery retailers is poised to grow 12-14% on-year this fiscal, driven by stable gold prices and recovery in discretionary spending, including on wedding and festive jewellery, ratings agency CRISIL said in a note. Operating margin, though, will be restored to the pre-pandemic level of 6.5-7.0%, with […]

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India staring at new inflationary challenges as oil prices rise and demand returns

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The recent increase in global crude oil prices is creating immediate short- and mid-term challenges for India as it emerges from a second wave of the Covid-19 virus to find pump prices at record highs that could impact both inflationary pressures and the economy. Global crude prices were touching $75/barrel this week – up 33% […]

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COMMENT – Colonial Pipeline hack: Implications for the future, lessons from the past

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Forecasts tell you a lot about the forecaster, but they don’t tell you anything about the future or in the case of commodities the grammatically weird plural futures. When they do come true, it is usually a mixture of deep intelligence meeting immense luck. The July 1995 released film The Net, starring Sandra Bullock as […]

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Clean energy demand for critical minerals set to soar as the world pursues net zero goals

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Supplies of critical minerals essential for key clean energy technologies like electric vehicles and wind turbines need to pick up sharply over the coming decades to meet the world’s climate goals, creating potential energy security hazards that governments must act now to address, according to a report by the International Energy Agency.  The special report, The […]

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Zaveri Bazaar may lose primacy to proposed hi-tech jewellery park in Navi Mumbai

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Recent reports about Mumbai’s gold hub at Zaveri Bazaar shifting to New Mumbai is nothing new. Plans to shift the congested gold market in south Mumbai have been afoot for three years when Maharashtra state government signed an agreement with Gems and Jewellery Export Promotion Council (GJEPC) at the Magnetic Maharashtra 2018 conclave during the […]

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Global cotton prices might be influenced by more than traditional market fundamentals, says ICAC

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The International Cotton Advisory Committee (ICAC) said in its latest report that it expects global cotton production for 2020/21 at an estimated 24.6 million tonnes, led by India. Global consumption is estimated at 25 million tonnes, led by demand from China. Global trade, it said, was estimated at 9.8 million tonnes. The ICAC said these […]

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