Netherlands-based Nedspice estimates global pepper production to decline this season by 74,000 tonnes for the first time after several years, mainly driven by unfavourable weather in Vietnam, reports Financial Express. However, the mismatch between global supply and demand of the spice will continue to put pressure on the price with supply seen higher by almost […]
The parliamentary standing committee on coal and steel said that the issue of high-operating costs of coal mines run by the PSUs requires the Union coal ministry’s “serious consideration”. During FY19, the lowest operating cost of an open cast (OC) mine owned by Coal India Ltd (CIL) was Rs 455.5 per tonne, while the highest cost was […]
The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product […]
Wheat sowing in India has picked up in the ongoing rabi season as the crop was planted in 4.28 per cent additional area equivalent to 8.34 lakh hectare more compared to the year-ago period, said data released by the Agriculture Ministry. Wheat is the main rabi crop, the sowing of which begins from October and […]
The Indian government has approved the allocation of five coal mines with a combined capacity of about 5.2 million tonnes per year, allowing successful bidders the flexibility to sell a portion of the production in the open market, according to the ministry of coal. “The significant feature of the allocations is that for the first […]
India’s demand for diesel is slowing as the country’s car fleet shifts predominantly to gasoline, trucks get more efficient and solar pumps displace diesel-fed units across the countryside, claims a Reuters report. The combination of these changes has led analysts, academics and company officials to speculate that diesel demand growth in the world’s third-largest crude […]
Maharashtra’s cotton farmers who had defied the government and planted herbicide tolerant cotton (HTBT) in their fields are now planning to begin a technology freedom movement in the country that will be led by the Shetkari Sanghatana, reports Financial Express. The farmer body plans to take this movement further by planting other GM crops, including […]
The Reserve Bank of India (RBI) on Thursday kept the interest rates unchanged, pausing after five straight cuts, but lowered the country’s economic growth forecast for the 2019-20 financial year to 5 percent from an earlier 6.1 percent. The RBI also raised its inflation forecast for the second half of the year to between 5.1-4.7 […]
Sugar mills in India produced 18.85 lakh tonnes (LT) of sugar till November 30 in the current sugar season, 54 per cent lower than the 40.69 LT produced during the corresponding period in the previous year, the Indian Sugar Mills Association (ISMA) said in a statement. The shortfall is mainly on account of the delayed […]
India’s state trading arm, MMTC has further contracted 4,000 tonnes of Onions from Turkey which is expected to arrive by mid-January, 2020. This 4,000 tonnes is in addition to the 17,090 tonnes of onions already contracted which includes 6090 tonnes arriving from Egypt and 11,000 tonnes from Turkey. The Department of Consumer Affairs has also […]
