NCDEX launches agriculture index futures, trading to start today

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 […]

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Trade war seen escalating as U.S. senate moves to delist 800 Chinese firms from American bourses

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, […]

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European Union raises restrictions on capsicum imports from India, Pakistan

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 […]

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Transportation and storage of perishable farm produce to receive 50% subsidy under India’s Operations Green

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 […]

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Global Wrap – German winter wheat area falls; steel demand hit by virus lockdown

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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 […]

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