APEDA to promote Ladakh’s distinctive agricultural produce

The Agricultural and Processed Food Products Export Development Authority, (APEDA) has decided to brand and market organic foods from Ladakh in order to increase agricultural exports and local farmers’ incomes.  The endeavour will be carried out in collaboration with Union territory officials as well as the Defence Institute of High-Altitude Research (DIHAR).  “Recognized areas of […]

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India likely to ban 27 Pesticides; expert committee appointed

About 27 pesticides are likely to be banned by the central government, the union minister for agriculture and farmers’ welfare, Narendra Singh Tomar, announced in Rajya Sabha. The government has already appointed an expert committee in this regard.   At the same time, the Standing Committee on Agriculture has invited public opinion on Pesticide Management Bill 2020 and the bill is under […]

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Decline in shrimp exports to China makes shrimps cheaper in India for domestic market

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India’s shrimp exports to China have been witnessing a sharp decline, and that has made shrimps cheaper in the domestic markets by 30-40 per cent since March 2021. Given that China is the second largest purchaser of Indian shrimps after the USA, it has impacted exports quite severely. According to shrimp exporters, since China was […]

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As Soya futures hit new high, SOPA seek NCDEX’s support to curb speculation

As soyabean futures touch a record high of Rs9,106 per quintal, Indore-based Soyabean Processors Association of India (SOPA) has urged the National Commodity and Derivatives Exchange (NCDEX) to take notice that the soybean futures contract on its platform has been completely taken over by the speculators. In a letter written to NCDEX, SOPA said, “Over […]

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London Metal Exchange launches India scrap futures

Global ferrous scrap prices, including in India, remain comparatively weak to iron ore, as the London Metal Exchange launches India scrap futures, allowing increased risk management with iron ore, scrap, coking coal and steel futures available through multiple exchanges. Scrap to iron ore ratios have remained weak, following sustained high iron ore demand in China […]

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EPC contractors seek fixed-price contracts with steel firms on rising input costs

Uncertainty in steel prices have prompted a few engineering procurement and construction (EPC) players in the highways sector to negotiate with the domestic steel majors for fixed-price annual contracts. Concerned about the rising cost of the raw material, some of them have requested the ministry of road transport and highways (MoRTH) to consider the inclusion […]

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