USDA projects India’s cotton production to rise to 29.5 million bales in 2019-20; pegs soybean crop at 11 million tonnes

The United States Department of Agriculture (USDA) forecasts India’s cotton production for 2019/20 at 29.5 million 480-pound bales, up nearly 2 per cent from last month and up 11 per cent from the previous year. The increase is based on improved weather conditions in the major cotton areas of Gujarat and Maharashtra. Harvested area is […]

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Kerala, Andhra Pradesh to ink cashew supply pact for laddus at Tirupati temple

Gods in India do answer prayers. The Kerala government is close to clinching a cashew supply pact with Andhra Pradesh for Tirupati Venkateswara temple which needs 3,000 kg cashew nuts daily for preparing laddus (a sweet) distributed as a holy offering. Other temples, under the Temple Board Tirumala Tirupati Devasthanam, that use cashew nuts in […]

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NMDC and GJEPC to auction rough diamonds in Surat after 21 years

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In a first since 1998, rough diamonds mined in India will now be up for display in Surat for auction by state-run National Mineral Development Corporation (NDMC) in association with Gems & Jewellery Export Promotion Council (GJEPC), reports Business Standard. So far, rough diamonds mined from the Panna mines in Madhya Pradesh were auctioned online but displayed only at Panna. However, […]

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Cotton prices start rising on monsoon-led crop damage, pink bollworm attack

Cotton prices have started rising the past one week due to lower production estimates this year, following reports of crop damage on erratic rainfall and pink bollworm attack on standing crops in major growing regions, reports Business Standard. Data compiled by Agmarknet.in showed raw cotton prices in Warangal mandi surged by 7 per cent the past 10 days […]

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Rain-guarding helps rubber output go up by 14,000 tonnes in July 2019: Rubber Board of India

According to the Rubber Board of India, timely rain-guarding has increased natural rubber output in India by 14,000 tonnes in July 2019, on an year-on-year basis. The production recorded in July was 60,000 tonne, while it was 46,000 tonne in July 2018. “Confronted with a drastic reduction in production during the last few years, the […]

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Drone attack on Saudi Oil facilities to hit India’s fuel import bill: DBS; Saudi Aramco promises to restore oil output fully by end of September

The strikes on key Saudi oil facilities will hit India’s oil import bill and the Indian Rupee will be the immediate casualty, Singapore’s DBS Banking Group said. The coordinated strikes on Saturday, targeting Abqaiq, the site of the largest oil processing plant run by the Saudi state oil company, Aramco, and the Khurais oilfield led […]

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