The Solvent Extractors Association of India (SEA) has alleged that China has been attempting to buy castor seed in a big way from India. “During the last few months, China has been aggressively buying commodities to bolster their state reserves. We understand they are also targeting to buy big quantities of castor seeds from India,” […]
The government has prohibited export of onion seeds with immediate effect responding to its reported shortage in the domestic market and rising prices of onions in the country. Onion traders in Nashik however, continued to boycott auctions for the third successive day despite a meeting with NCP chief Sharad Pawar. Traders in Nashik have been […]
India’s tea exports in 2020 have taken a beating on volume, value and price, compared to the same period of 2019. Till July 2020, for which official data are available with the Tea Board, India’s tea exports nosedived to 115.27 million kg (mkg) from 141.26 mkg during January-July 2019, marking a decline of 18.40 per […]
Decline in the production of soyabean during October 2019-September 2020 has resulted in limited availability of seeds for crushing and lower soyameal production during the year, if the estimates by Soybean Processors Association of India (SOPA) are any indication. The production of soyabean meal also came down by 13 per cent to 65.71 lakh tonnes […]
Value addition and diversification are essential to increase export competitiveness and farmers’ income, Dr M Angamuthu, Chairman, APEDA, Ministry of Commerce and Industry, told a meeting organised by industry body FICCI. “Our farmers must get better farm income by doubling of exports. This is the right time to increase our productivity and diversify to value […]
China was the top foreign buyer of Indian steel between April and September 2020, government data showed, marking a rare rise in bilateral economic activity at a time of political tensions which have triggered some trade curbs. As per a Reuters report, China bought 1.9 million tonnes of finished steel from India, cornering 29 per cent of […]
Cotton prices are likely to remain under pressure below the minimum support price (MSP) for a better part of the 2020-21 season, reports Financial Express. A record carryover stock of 107.5 lakh bales (170 kg each) is also adding to low prices of cotton. Last year, carry stocks were 32 lakh bales. Atul Ganatra, president […]
Onion prices in India have been increasing constantly over past fortnight. Prices of onion rose by Rs 11.56 per kg, retailing at Rs 51.95 per kg. This is 12.13 per cent higher than the last year’s price of Rs 46.33 per kg., according to the Ministry of Consumer Affairs, Food & Public Distribution. The steep […]
Gold imports, which have a bearing on the current account deficit (CAD), plunged 57 per cent to $ 6.8 billion (around Rs 50,658 crore) during the first half of this fiscal amid a slump in demand due to the COVID-19 pandemic, showed data by the commerce ministry. In the corresponding period a year ago, gold […]
India’s diamond exports, which polishes about 90 per cent of the world’s rough diamonds, is likely to collapse by as much as a quarter this year as the pandemic has crushed demand and broken supply chains all across the world, says a Bloomberg report. Quoting Colin Shah, chairman of the Gem & Jewellery Export Promotion […]
