It was only about a year ago that Nikhel Morris and his wife Somali Kothari quit their city jobs to plunge into a venture close to their hearts — recycling plastic and rubber wastes into fuel. It made perfect sense as India imports the majority of its fuel needs. At the same time the country struggles to recycle plastic and rubber […]
India’s agriculture sector is likely to mitigate the adverse impact on the economy hit by the coronavirus this fiscal, riding on the back of good monsoon, a Finance Ministry report said. “With the forecast of a normal monsoon at 102 percent of the long-period average (LPA), agriculture, which contributes about 15 percent of total gross […]
One significant consumer spending shift that has revealed itself as brick-and-mortar stores shuttered across the country to keep the coronavirus at bay is buying groceries online. The shift is global and likely to endure even after the pandemic. The Indian online grocery market is smiling widely too, as sales are pegged to exceed $3 billion […]
World’s leading rice supplier India expects exports to remain unchanged this fiscal from last year, notwithstanding a port congestion following a covid-induced lockdown. “In April and May, vessels were not available. But the impact of the pandemic on logistics is subsiding and exports have started picking up,” Vinod Kaul, executive director of All India Rice Exporters […]
India’s beleaguered economy, led by the rural sector, is seeing green shoots recovery after easing of the covid-induced nationwide lockdown, according to the Confederation of Indian Industry (CII). Unlike previous years when recessions were triggered by the failure of monsoon, the current year stands in complete contrast when the June-September seasonal rainfall is expected to […]
National Collateral Management Services Ltd. (NCML), India’s largest private firm in post-harvest agri-commodities management business, is now seeking to expand its ambit and partner with food companies in providing them back end management support, its Managing Director and Chief Executive Officer Siraj Chaudhry said. He told indoasiancommodites.com in an interview that the company, with its […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production […]
Soaring prices of gold amid rising coronavirus cases have spooked buyers and hit demand in India, the world’s second-largest consumer of the yellow metal after China. Spot gold prices have risen to around $1,770/ounce, an eight-year high, while Indian prices have edged up to a new high of Rs 48,333/10 grams. Despite a reopening of […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in May 2020, an 8.7% decrease compared to May 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production […]
Global coffee stocks at the end of the 2020-21 (Oct-Sept) season are expected to grow to near 42 million 60-kg bags, the highest in six years, as production grows more than consumption, the United States Department of Agriculture (USDA) said. In its semiannual report on coffee markets and trade, the USDA forecasts global coffee production […]
