De-dollarization push by China and Russia, among others might skyrocket gold prices even higher

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The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. Gold is already trading well above its 5-year high. Not only has the U.S.-Iran conflict reached a boiling point, with Trump readying to deploy an additional 1,000 troops to the Middle […]

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Never-ending trade war sinks commodities into a world of trouble: Bloomberg

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The U.S.-China trade war is sparking so much fear over demand that even those parts of the commodity world that aren’t in the direct firing line are getting burned, says a report by Bloomberg Oil had its biggest sell-off in four years after U.S. President Donald Trump brought an abrupt end to a truce forged […]

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Indian shrimp exports to EU shrink on getting flagged by EU traders after stringent tests

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European Union (EU) importers of Indian shrimp feel the number of Indian exporters shipping to the 28-member bloc has shrunk because of stringent testing norms. Importers in Europe have been complaining that the number of Indian exporters willing to export to the EU has shrunk. This is for warm water shrimp or prawn exporters. Apparently, […]

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ICAR prepares a 5-year road map to raise oilseeds productivity

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To bring in self-sufficiency in oilseeds sector, the Indian Council of Agricultural Research (ICAR) has prepared a five-year road map, under which area expansion and productivity increase will be the major focus. However, the actual implementation of the proposed initiatives will depend on the budgetary allocation for the self-sufficiency programme, says a report in Financial […]

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India unveils spacecraft that will look for energy sources on the moon

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Chandrayaan-2, India’s second lunar mission, will explore the south side of the moon, a region where no mission has ever set foot.  India’s space agency unveiled last week the spacecraft that it hopes will get to the Moon by September, making the country the fourth to achieve a soft landing on the Earth’s natural satellite […]

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Indian copper industry may end up shedding 10,000 jobs by 2022: IIFT

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A survey conducted by Indian Institute of Foreign Trade (IIFT) reveals that assailed by unchecked imports, Indian copper industry may end up shedding 10,000 jobs by 2022. “Increasing imports pose huge challenge to domestic copper industry by way of threat to downstream final goods producers in India, hitting livelihood of several persons directly or indirectly employed in the industry, […]

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Litchi, cashew, sarees among a clutch of products to get GI tag soon

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The Government of India is considering giving the Geographically Indication (GI) tag to many more commodities including cashew, litchi, sarees and marine products. So far total of 320 products have been given GI status in India and they have been registered. Darjeeling Tea, Tirupathi Laddu, Kangra Paintings, Nagpur Orange and Kashmir Pashmina are among registered GIs in […]

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Good performance of world’s top miners fail to impress investors: PwC

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The world’s 40 largest mining companies continued to consolidate their stellar performance of the past several years by delivering steady growth in 2018, according to PwC’s Mine 2019 report. As a group, the Top 40 increased revenue by 8%, buoyed by higher commodity price rises, and lifted production by 2%. They also boosted cash flows, […]

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Pomegranates in the desert? Farmers in India’s Barmer show the way

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By Ritwik Sinha Farmers in the desert district of Barmer in the western Indian state of Rajasthan are increasingly turning to pomegranates as part of their strategy to diversify to commercial crops. Bazra, moth, moong and guar have been traditional crops of the region, but pomegranates cultivation has made a significant headway since the beginning […]

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