India imposes stock limit on onion trade; bans exports

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In view of sustained high price of onions in the market, Central Government has imposed stock limits on onion traders to facilitate release of stocks in the market and prevention of hoarding by traders. Further, the government of India has banned export of onions with immediate effect till further orders for improving domestic availability. Recently, […]

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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 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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