Maharashtra sugar mills to sign separate agreements with farmers for supply and payments

Sugar factories in Maharashtra will now have to sign separate agreements with farmers for cane registrations, cane supply and Fair and Remunerative Price (FRP) payments to the growers from the next sugar season (SS) of 2020-21, according to a new notification issued by the Maharashtra Sugar Commissioner. Earlier factories would sign a single agreement with […]

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East West Seeds brings innovative technologies for producing vegetable seeds

East-West Seed group (EWS), a Dutch-owned tropical vegetable seed company, is expanding its business in the Indian market by introducing innovative technologies for high-yielding vegetable seed varieties and aims to become one of the top five vegetable seed companies by 2021. The privately-owned company produces and markets a wide portfolio of hybrid and open-pollinated seeds […]

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China’s changing demand dynamics to put price pressure on Indian shrimps: ICRA

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Global shrimp prices are expected to face pressure over the next few months as global trade adjusts to the changing demand dynamics in China, a key importer and consumer of farmed shrimp, credit rating agency ICRA said. The report revealed that India is also likely to be affected from not only a reduction in Chinese […]

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Iran overtakes Russia as biggest buyer of Indian tea in 2019

Iran overtook Russia to emerge as the top buyer of Indian tea last year, after sanctions against the Islamic Republic halted imports other than specially negotiated deals, reports Bloomberg. India and Iran have been trading through a rupee-based bank account to bypass restrictions imposed by the US. While this bilateral trade has boosted imports of […]

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CACP recommends dual price policy for sugar trade for farmers’ benefit

The Commission for Agricultural Costs and Prices (CACP) has recommended the government to frame a dual price policy for sugar trade in India for the benefit of farmers, reports Business Standard. Sugar prices have jumped marginally by Re 1-2 a kg in the wholesale markets due to lower production estimates in India and improving prospects for exports. With this increase, […]

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Improvement in macro sentiment leading to recovery in Aluminium, Copper prices: ICRA

Prices of aluminium and copper are showing signs of recovery in the last three months as trade tensions in international markets have eased to an extent leading to an improvement in sentiment, rating agency ICRA said in its research report. Consequently, while aluminium prices at the spot market have increased by 4 per cent in […]

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India’s core sector growth contracts 1.5 per cent in November 2019

Showing no signs of improvement, the output of eight core infrastructure industries contracted for the fourth consecutive month in November by 1.5 per cent, according to official data. Since August, the eight core industries are recording negative growth. The output of coal, crude oil, natural gas, steel, and electricity declined by 2.5 per cent, 6 […]

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Jewellery demand expected to fall by 6-8% over high gold prices: ICRA

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Jewellery demand is expected to decline by 6-8 per cent in terms of volume following high gold prices and weak consumer demand in 2019-20, according to an ICRA report. “Overall, we expect the jewellery demand to be subdued in FY20 with expected volume de-growth of 6-8 per cent on the back of elevated gold prices and weak consumer demand, rating agency ICRA […]

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