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 domestic sugar production is likely to go up by 12 per cent to 30.5 million tonnes during the sugar year 2021, beginning October, due to availability of sugarcane in Maharashtra and Karnataka, according to an ICRA report. This forecast is after adjusting for the impact of the diversion of B-heavy molasses and sugarcane juice […]
The community of mining dependents in Karnataka have urged the government to remove restrictions on iron-ore sale from the state, saying it will help create additional one lakh jobs in the mining sector and bring great relief amid COVID-19 crisis. Karnataka Gani Avalambithara Vedike (KGAV), which represents mining dependents, lauded Prime Minister Narendra Modi’s ‘Vocal […]
Amid the India-China border tensions that have rattled trade sentiment, Indian iron-ore exports to its neighbour have been quietly making a strong comeback despite the Covid-19 pandemic and border tensions, underscoring the unrealised potential value for business. India, upset with Beijing over a July border conflagration in Ladakh in which 20 Indian soldiers were killed, is […]
The government is set to start auctioning five mineral blocks in Gujarat and Karnataka having reserves of 667.2 million tonnes today. The development assumes significance in the wake of the Centre asking each state having mineral resources to identify at least five new mining projects for auction with pre-embedded clearance on a pilot basis, with […]
Sugar output in India, the world’s second largest producer after Brazil, is expected to increase by 17.69 per cent to 32.01 million tonnes during the season beginning October 2020 on likely higher availability of sugarcane for crushing, industry body Indian Sugar Mills Association (ISMA) said. The country’s sugar output has reached 27.02 million tonnes (MT) so far in the ongoing 2019-20 season […]
The Ministry of Agriculture & Farmers Welfare has distributed Rs.19,350.84 crore worth of food grains to 9.67 crore farmers during lockdown period under Pradhan Mantri Kisan Samman Nidhi Scheme, says a Press Information Bureau press release. “Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme during the lockdown period from 24.3.2020 till date, 9.67 crore farmers have […]
Tomato prices in consuming centres of Delhi, Bengaluru and Hyderabad fell below three-year lows, in the range of Rs 4-10 per kg on Friday in the wholesale markets on higher arrival, according to official data. The prices had ruled at Rs 14.30 per kg on May 22 last year at the Azadpur wholesale mandi in […]
The Centre and key mineral producing states are likely to incur a revenue loss of up to Rs 12,000 crore in FY21 due to lower coal and mineral consumption during the coronavirus lockdown, a KPMG report said. “As per our estimates, the top five mineral producing states are likely to see an impact of around […]
A week after complete shutdown, Vashi Agricultural Produce Market Committee (APMC) is finally opened on Monday with a limited entry of farmers, traders, stockists, arhatiyas, and consumers. In a meeting of all mandi stakeholders including the government officials held on Saturday, it was decided that vegetables, grains, and masala market will open from Monday while […]
