The National Commodity and Derivatives Exchange (NCDEX), India’s largest farm produce-centric online trading platform, has launched Agridex, a purely indigenous agriculture composite index futures trading system. The new index will start trading from today, 26 May, 2020. Agridex is totally domestic and will represent produce grown in India. The index is also not linked to any external […]
In a major move, the US Senate has overwhelmingly approved legislation that could lead over 800 Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. to be barred from listing on American stock exchanges amid increasingly tense relations between the world’s two largest economies. The bill called the Holding Foreign Companies Accountable Act, […]
The EU has raised the restrictions on capsicum imported from India and Pakistan due to high rate of non-compliance with pesticide norms making it mandatory for shipments to be accompanied by an official certificate stating that the items were free of pesticide residues. For curry leaves imported from India, however, the EU observed that the […]
Indian palm oil buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources were quoted by Reuters. The renewed purchases come amid improving trade relations between the two countries after the formation of a new […]
Oil prices have surged to two-month highs – $31 a barrel yesterday – on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its peak in April, global lockdown measures affected around 3.9 billion people. But an estimated 3.7 billion people are now living in areas that are experiencing […]
In the third installment of announcements of the special economic package, India’s Finance Minister Nirmala Sitharaman announced that Operation Greens would be expanded from tomatoes, onions, and potatoes, (TOP), to other fruits and vegetables too. Operation Greens is a government-approved project that aims at maintaining the supply of tomato, onion, and potato crops (TOP crops) across India […]
Gold prices in India hit a fresh record high for the second day in a row on Monday, tracking global rates in the international market. As US-China trade tensions escalated and the impact of coronavirus pandemic on the economy continued to worry investors, gold prices surged. Gold prices in India have risen 24.45 per cent […]
Globally, Germany’s winter wheat sown area for the 2020 harvest has been reduced by 7% on the year to about 2.84 million hectares. Farmers had turned to other crops such as rapeseed and other cash crops. Amid expectations for ample crop supplies and tepid global demand, the futures grain markets showed a high volatility during […]
Players in the food processing value chain got a shot in the arm as the government allowed them to keep stocks without any limits subject to their capacities and export orders. It also unveiled a clutch of schemes aimed at boosting the infrastructure facilities and logistics chains across the value chain from farm-gate to retailing […]
In its 43rd year of operations for farm commodities, the Agricultural Produce Market Committee (APMC) Vashi near Mumbai is set to go online and sell commodities via electronic orders for delivery in a day or two. The beginning will be made in the food grain segment. Modalities are scgeduled to be finalized today. The move began after […]
