COVID-19 disruptions and lockdowns caused major ports in India to witness a continued fall in cargo handling. The cargo handling capacity of major ports registered a 18.06 per cent drop to 193.38 million tonnes between April and July this fiscal, according to the Indian Ports Association (IPA). Cargo volumes at these 12 major ports under […]
China is slowly gaining dominance in the spices extraction industry by employing restrictive trade practices against Indian companies operating in China. India is a dominant global player in spices extraction business. Oleoresins are a natural mixture of essential oils and resin extracted from its plant and help in adding flavour or colour to food and […]
The Solvent Extractor’s Association of India (SEA) has estimated the total production of oilseed crops, grown during the kharif and rabi seasons in the 2019-20 (November-October) season, at 251.49 lakh tonnes, nearly 3 per cent higher compared with 244.08 lakh tonnes last year due to higher yield in groundnut and castor seed. According to SEA’s […]
Several Europe and U.S.-based logistics giants would be keen to expand operations in India and Vietnam, making them the new supply chain hubs in Asia in the medium- to long-run following growing hostility between the West and China, a leading logistics expert said. Harry Himmat Lagad told indoasiancommodities.com from Singapore that while India and China […]
India and China have been uneasy neighbours for decades, but they still managed to grow bilateral trade. However, a recent border clash over the Himalayas are turning ties increasingly cold as New Delhi takes steps to hit Beijing where it hurts most — business. After India delayed customs clearances of goods imported from China, the […]
The 850-MW Ratle hydroelectric power project in Jammu and Kashmir, work on which was stalled for the past six years, will be revived soon, Union minister of state for power, Jitendra Singh said. The hydroelectric project is a run-of-river scheme located on river Chenab in Kishtwar district of the union territory. The preliminary work such as construction […]
Food habits during coronavirus (COVID-19) may have shifted from diverse and nutritive diets to staple foods such as wheat and rice as the prices of vegetables, pulses and eggs rose sharply after the lockdown while those of cereals remained relatively stable, according to a new study by the Tata-Cornell Institute for Agriculture and Nutrition in […]
Gold prices scaled a fresh record high at $2,059/oz, pushing up prices in key consumer India to an unprecedented Rs 56,000/10 grams. “Gold is on a rocket. Investors are piling in like there is no tomorrow,” said Haresh Acharya, managing director at Parker Precious Metals LLB. “Majority of buyers want either 100 gram coins or […]
Domestic refiners — both state-owned and private sector — are initiating annual maintenance shutdowns for their refining capacities. The shutdown coincides with dwindling demand for petroleum products, after a strong revival in May and June. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), and Indian Oil Corporation (IOC) have all undertaken a maintenance shutdown in the […]
Banks can now lend 90 per cent of the value of borrower’s gold jewellery, up from 75 per cent earlier, after the RBI on Thursday increased the maximum permissible loan-to-value (LTV) ratio for gold loans. The new LTV ratio, applicable till March 31, 2021, may give banks a short-term edge over non-bank competitors who need […]
