Spot gold declined by 1.5 per cent to hit the lowest in almost two months in early Tuesday trade. But it recovered by half towards evening on huge customer turnout to book their share on price fall. The decline in gold prices in the domestic market was followed by a similar move globally on easing trade tensions […]
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, […]
Prices of green vegetables have declined by up to 39 per cent in the past three weeks because of a sharp increase in the arrival of new season harvests, reports Business Standard. Data compiled by the National Horticultural Board (NHB) showed that the price of green peas declined 39 per cent to trade at Rs […]
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. […]
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 […]
Gold prices in Mumbai touched a new high of a little over Rs 40,000 per 10 gm, on Monday, industry players said. According to traders, if the current global political crisis and the trade wars continue to escalate, then the gold prices may shoot up further, crossing Rs 41,000 per 10 gms in the next […]
Global steel demand is continuing to grow in the short term against a backdrop of great uncertainty as only a mild deceleration in global growth is now expected, World Steel Association Chairman Andre Gerdau Johannpeter said. “However, in the long term, global steel demand is moving into a low-growth zone as new megatrends shape the […]
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, […]
A well-supplied global oil market means that consumers need not worry too much about the developments in the critical Strait of Hormuz, including the recent seizure of a UK-flagged oil tanker, where a standoff is on between Iran and other powers, the International Energy Agency (IEA) has said. The IEA said it was closely monitoring […]
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 […]
