Food Category
Private dairies in Maharashtra have reduced procurement prices of cow milk from Rs 25-27 per litre to Rs 22-23 per litre, Financial Express reports. The state has seen a fall in prices of butter and milk powder in recent weeks after a brief spike post lockdown. Butter prices had increased from Rs 240 per kg […]
Potato prices are reaching new highs in the state of Uttar Pradesh during the crop season. Farmers are finding it difficult to acquire seeds and are being forced to buy potato seeds at three times the rates compared to previous years. Potato seed is selling for Rs 60-70 per kg in the open market this […]
India’s junior Commerce Minister Som Prakash said on Wednesday that the government will soon be introducing a national policy for logistics as well as e-commerce to boost the retail trade following the devastation suffered in the global pandemic. He told the Federation of Indian Chambers of Commerce and Industry (FICCI) annual retail event called MASSMERIZE […]
State-owned FCI and state procurement agencies have bought 21 per cent more paddy so far in the kharif marketing season of this year at 151.17 lakh tonnes amounting to Rs 28,543 crore. Paddy procurement for kharif 2020-21 is progressing smoothly in Punjab, Haryana, Uttar Pradesh, Tamil Nadu and Kerala with purchase of over 151.17 lakh […]
The government has decided to extend the validity of licence for import of tur till December 31 this year. The Directorate General of Foreign Trade (DGFT) in a public notice said the cut-off date for ICLC (Irrevocable Commercial Letter of Credit ) for the import shall accordingly be December 1, 2020. It said eligible and […]
The sudden rains towards the end of monsoon leading to floods in certain areas of the country may hit harvest ready crops such as cotton, groundnut, moong, tur, maize and even paddy. Areas in Andhra Pradesh, Telangana, Maharashtra, Gujarat and Karnataka are reported to be badly hit by the rains. Preliminary estimates suggest that standing […]
Prices of highly traded agricultural commodities such as wheat, rice and edible oils may come under upward pressure if the U.S. dollar continues to weaken, a World Bank report said. The dollar is down 5 percent from April to September measured against a broad basket of currencies. Furthermore, currency movements of countries that account for […]
While metal and agricultural commodities have recouped their losses from the COVID-19 pandemic and are expected to make modest gains in 2021, energy prices, despite some recovery, are expected to stabilize below pre-pandemic levels next year, the World Bank said. Oil prices fell dramatically in the early stages of COVID-19 and have only partially regained […]
The imposition of stock limits on onion after its prices more than doubled than the last 5-year average, brought wholesale onion prices down by up to Rs 10 per kg in key consuming markets such as Delhi, Mumbai and Chennai. For wholesalers, the limit to stock onions has been kept at 25 tonnes while the […]
The International Monetary Fund (IMF) revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, calling it “the worst outcome for this region in living memory.” The latest forecast is a downgrade compared with the projection of a 1.6-percent contraction in June. India’s economy experienced a much sharper than expected […]
