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 […]
By Biman Mukherji Indian gold demand have started to sag following a recent run up in prices to record highs, exacerbated by the recent budgetary hike in import duty to 12.5% from 10%, dealers said. Prices of gold in key markets are currently quoting at a 1.5% discount to the landed price because of “slow […]
Announcing the union budget 2019-20, India’s Finance Minister Nirmala Sitharaman said India needs to make structural reforms to create a $5 trillion economy in the next few years. Presenting the first Budget of the second term of Prime Minister Narendra Modi’s government, she said the Indian economy that stood at $1.85 trillion five years back […]
By Biman Mukherjee Delayed monsoon rains that have worsened fears of rural distress in India and upcoming elections in key states might tempt the government to offer many welfare programs for farmers in the upcoming national budget on Friday. But their cause will be better served by strengthening a creaking agriculture supply chain, say experts. […]
With the progress of monsoon still remaining sluggish, 84 per cent of the meteorological subdivisions have recorded deficient rainfall, MeT department data shows. According to the Central Water Commission data, of the 91 major reservoirs in the country, 80 per cent have storage below normal. Of these, 11 have zero per cent storage, making the […]
