The slump in demand for commodities such as edible oils, vegetables, and grains — following the closure of hotels, restaurants and road-side eateries may haave reduced the demand, but farmers are eager to sell their produce, during the harvest season. Assurance of support and required facilities by state authorities to the essential commodities markets and distribution channels has […]
The spread of coronavirus, coupled with rising threats of cheap imports from China, Japan and South Korea, has kept the lid on domestic steel prices and forced steel producers to consider pruning production in the short term, amid subdued demand. In a recent report, Kotak Securities has projected a price cut of Rs 1,000-1,500 per […]
The proposed New National Fisheries Policy will focus on bringing new technology and ways to deal with the threat from cyclones as part of the overall objective to improve the income of fishermen, informed Union Fisheries Minister Giriraj Singh in the Rajya Sabha. The proposed policy will incorporate the provisions of the existing National Policy […]
Vegetables prices went up further today despite increased arrivals of key produce in the Agricultural Produce Market Committee (APMC) Vashi, as the market decided to remain closed tomorrow in order to facilitate disinfection and protect participants from coronavirus (Covid-19), reports Business Standard. Total vegetable arrivals in the mandi surged to 830 vehicles, holding about nine tonnes each, and […]
The Uttar Pradesh government has set an ambitious wheat procurement target of 5.5 million tonnes (MT) for the coming 2020-21 rabi marketing season, reports Business Standard. The state cabinet meeting chaired by chief minister Yogi Adityanath last evening approved the rabi procurement policy under the minimum support price (MSP) of Rs 1,925 per quintal (100 kg) set by the […]
India’s diamond exports may decline by 20 per cent this financial year as global demand weakens because of travel and trade restrictions to prevent the spread of Coronavirus, says Business Standard. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) showed cut and polished diamonds worth $16.32 billion were exported between April 2019 and […]
Global gold demand declined to 4355.7 tonnes in 2019, down 1% on 2018, according to the World Gold Council’s latest Gold Demand Trends report. The year 2019 was broadly one of two distinct halves; resilience and growth across most sectors in the first six months contrasted with widespread weakness in the second. Central bank demand […]
India’s potato production increased 51 per cent to 52.5 million tonnes (MT) in over a decade, Union Agriculture Minister Narendra Singh Tomar said. Its production had stood at 34.7 MT in 2008, the minister added. Tomar pegged the potato output to grow about 3 per cent annually till 2050. Addressing a Global Potato Conclave in […]
Gold and silver prices were trading lower as Indian rupee opened stronger against the US dollar on Tuesday. Comex gold was unchanged at $1,580 and MCX gold witnessed a minor correction since rupee has strengthened on Tuesday morning. Traders will further observe the outcome of the US Fed meeting on 28th and 29th January. Meanwhile China’s death […]
Responding to cost pressure and greater demand, domestic steel producers have raised prices by Rs 1,000-1,500 a tonne across products for January, reports Business Standard. “Iron ore miners have increased prices by Rs 600 per tonne and so this increases the cost of production by Rs 1,000 a tonne. Hence, we have hiked prices from […]
