Interview – India’s NCML to align with larger food space for quick leap in business

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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 […]

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World steel output fell 7% year-on-year in June due to pandemic; China up 4.5%, India crashed 26% – worldsteel

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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 […]

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Global steel output fell 8.7% year-on-year in May; India tumbled 39%, China up 4.2%

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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 […]

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Interview – India’s Agribazaar looks to expand quickly as government eases trading norms for farmers

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Agribazaar, India’s leading marketplace for agri-commodities trading, is expecting its gross trading value (GTV) to double this year following big-ticket reforms announced by the government recently giving farmers the option to sell to multiple buyers and not just in designated mandis.  Speaking to indoasiancommodities.com, Amith Agarwal, CEO of the three-year old platform said Agribazaar had […]

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India’ petroleum product demand doubles in May, after sharp drop in April

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With country’ petroleum product demand doubling in May, India’s largest refiner Indian Oil Corporation Ltd (IOC) said its refineries are operating at almost 90 per cent of their capacity. This comes in the backdrop of Indian economy slowing coming back to life after the world’s strictest lockdown. The state-owned refiner had slashed its refining capacity […]

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India’s Ministry of Agriculture aims for 10,000 farmer producer organisations (FPOs) across the country

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Union Minister of Agriculture & Farmers’ Welfare, Rural Development & Panchayati Raj Shri Narendra Singh Tomar has announced the formation of 10,000 Farmer Producer Organizations (FPOs). “The responsibility of completing this task lies with the Small Farmers’ Agribusiness Consortium (SFAC), which is also responsible for strengthening the e-NAM platform in the present circumstances,” he said. […]

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