Pricey critical minerals, supply chain disruption obstacles to rising EV demand – report

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Soaring prices for some critical minerals essential for battery manufacturing, as well as supply chain disruptions caused by Russia’s attack on Ukraine and by continued Covid-19 lockdowns in some parts of China, are the greatest obstacles to continued strong global electric vehicle sales, the International Energy Agency (IEA) said. Ensuring future growth will demand greater […]

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Renewables set to break another global record in 2022 despite headwinds – IEA

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New capacity for generating electricity from solar, wind and other renewables increased to a record level worldwide in 2021 and will grow further this year as governments increasingly seek to take advantage of renewables’ energy security and climate benefits, according to the International Energy Agency. The world added a record 295 gigawatts of new renewable […]

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Vegetable oil and maize pull down global food commodity prices in April – FAO

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World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 158.5 points in April 2022, down 0.8 percent from the all-time high reached […]

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India’s exports hit $417.8 billion in 2021-22; agri exports at $50 billion

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India’s Commerce and Industry Minister Piyush Goyal said merchandise exports from India had reached $417.8 billion in the just-ended 2021-22 (April-March) financial year and are likely to exceed $418 billion, well above the target set by the government.  India has achieved the highest monthly value of merchandise export in March 2022 amounting to $40.38 billion, […]

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Good rainfall and GI tag attempting to bring saffron production back to its glory days in Kashmir

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Good rains this season and GI tag for Kashmiri saffron has encouraged farmers in Jammu and Kashmir to produce saffron again. Many Kashmir farmers have been deterred from engaging in saffron cultivation as a result of the invasion of cheap Iranian saffron into Indian and international markets. Iranian saffron is up to 48% cheaper than Kashmiri […]

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Big boost for farmers in Budget 2022-23; Rs 2.37 lakh crore MSP direct payments announced

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In a major boost to farmers, finance minister Nirmala in her budget speech announced Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers in the Budget for FY22-23. “Procurement of wheat in Rabi season 2021-22 and the estimated procurement of paddy in Kharif season 2021-22 will give cover 1208 lakh […]

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