Global diamond miners to cut production by a third in order to revive prices
A body representing eight leading global diamond mining companies has warned against excessive mining of the gem, saying this has led to a drop in the prices …
Mango exports may hit 50,000 tonne this season; South Korea, Malaysia among new markets
With a good harvest expected this season, the country’s mango exports is expected to cross 50,000 tonnes. Last season, India exported some 40,000 tonnes. …
Subdued user demand may stifle rebound in steel production in India
After a slow start to the year, steel production in India picked up in February, rising 5.7% from a year ago. Data from the joint plant committee compiled by …
India to buy 12% less Iran oil in April 2019 against previous month March 2019: Reuters
Indian state refiners will lift 8 million barrels of Iranian oil in April, a decline of about 12 per cent from the previous month, a Reuters report quoted …
Falling LNG prices may lift city gas distributor margins by 250-300 bps: CRISIL Research
A 22-25 per cent decline in the prices of liquefied natural gas (LNG) since January this year, and an expected 5-7 per cent increase in consumption of piped …
Grapes become cheaper in Maharashtra, India; heavy arrivals hit prices
Wholesale prices of grapes in Maharashtra are on a downward spiral, thanks to the heavy arrivals in the market and lack of demand from the North due to the …
INTERVIEW – FIEO pitches for inclusion of jewellery products in e-commerce exports list
The Federation of Indian Exports Organisation (FIEO), India’s apex export promotion body has asked for an expansion of the list of items that will enjoy …
INTERVIEW – Doubling agri-exports would be too challenging, says FIEO
The government’s target of doubling agriculture exports from the current base of a little over $30 billion by 2022 would not be easy to achieve because there …
CAI lowers cotton output estimate to 10-year low of 328 lakh bales
The Cotton Association of India (CAI) has cut the crop production estimate again by 2 lakh bales of 170 kg each to a 10-year low of 328 lakh bales this season …
US wants India to stop buying Venezuelan oil
The United States has pressed India to stop buying Venezuelan crude oil as a means of accelerating President Nicolas Maduro’s removal from office, which …