A day after the Centre banned exports of onions to contain a spike in domestic prices, farmers in the largest onion cultivating state of Maharashtra, held agitations, calling the move “arbitrary”, seeking removal of the ban. Prices of onions at Lasalgaon, Nashik, the country’s biggest onion market in Maharashtra, have doubled to Rs 3,000 per quintal […]
The Centre has introduced three Bills in the monsoon session of parliament which seek to replace the recent ordinances to allow barrier-free inter-state trading of farm goods and contract farming. Once the law will pass the parliament and gazette soon thereafter, it will bolster bargaining strength of farmers. Introducing two bills — The Farmers’ Produce Trade […]
Disruptions caused by COVID-19 and subsequent lockdowns, have caused a big drop in India’s major ports’ cargo handling capacity. According to the apex ports body IPA (Indian Ports Association), the cargo handling of the country’s major ports registered a dip of 16.56 per cent to 245.04 million tonnes between April and August this fiscal. Cargo […]
In a first, Indian Railways’ Rajkot division, which falls under the Western Railway zone has flagged off its first goods train carrying industrial salt of 3,882 tonnes, in bulk form Wavaniya railway station near Maliya in Morbi district, reports Financial Express. A total of 3,882 tonnes of industrial salt was loaded by the national transporter in […]
State-owned multi-modal services major Container Corporation of India Ltd (CONCOR) has planned to rejig its perishable-centric services in a big way using ice battery technology. The company, which dominates the container train freight business with a pan-India terminal network, had joined hands with Japan’s Innovation Thru Energy to introduce IceBattery in its operations at a larger […]
Bangalore-based seafood marketplace start-up Captain Fresh will be looking at a major expansion in the next two to three years after receiving a $2.3 million pre-series funding recently, its founder and chief executive officer said. The funding round, led by Ankur Capital, also saw participation of Incubate Fund India and Silicon Valley-based angel investors. “The […]
Several Europe and U.S.-based logistics giants would be keen to expand operations in India and Vietnam, making them the new supply chain hubs in Asia in the medium- to long-run following growing hostility between the West and China, a leading logistics expert said. Harry Himmat Lagad told indoasiancommodities.com from Singapore that while India and China […]
The Great Lockdown broke supply chains and severely impacted movement of goods across India, hitting logistics business hard. However, as Rajnish Kumar, Promoter Director of Pristine Group of Companies told indoasiancommodities.com, the situation was beginning to improve as customer confidence returned even though there was still some distance to be covered before the it fully […]
Bengaluru-based Snowman Logistics, India’s largest private cold chain service provider, is going ahead with its expansion plans after its proposed takeover by the Adani Group fell through, Chief Executive Officer Sunil Nair said. “We will be opening two more units during the course of this year – in Siliguri and Coimbatore. Besides, we will be […]
During the past three months during Covid-19 induced lockdowns, retail prices of agricultural commodities have jumped sharply on account of supply chain disruptions. Data compiled by the Union Ministry of Consumer Affairs, Food and Public Distribution showed retail prices of almost all commodities jumped in the past three months till June-end in both Mumbai and Delhi. Though […]
