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 […]
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 […]
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 […]
The Food Corporation of India currently has 270.89 lakh tonnes of rice and 540.80 lakh tonnes of wheat, accumulating a total of 811.69 lakh tonnes food grain stock. This excludes the ongoing purchase of wheat and paddy, which have not yet reached the godowns. Since the lockdown, about 117.43 lakh tonnes food grains have been […]
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. […]
High crude and fuel inventories are likely to delay a recovery in crude oil prices until 2021, while prices in the medium term are likely to remain within a band of $45-$65/barrel according to ratings agency Moody’s. The broad global shutdown of economic activity in spring 2020 amid the coronavirus pandemic led to an abrupt […]
