Vashi APMC near Mumbai opens with new arrangement

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 […]

Read more

Surat’s diamond exporters weighed down by $2 billion inventory


While the diamond industry in Surat has heaved a sigh of relief with the resumption of exports, albeit in a small quantities, a $2 billion plus unsold inventory is weighing heavily. Though exports to Hong Kong, a major destination for India’s polished diamonds, have resumed, the industry is currently sitting on an inventory worth around $2.3 billion. […]

Read more

Aviation Turbine Fuel sales dive by 94% in April; Fuel sales slump 50%

India’s Aviation turbine fuel (ATF) consumption collapsed by 94 per cent in April 2020 as most airlines have stopped flying. Fuel consumption slumped by a record 50 per cent in April as all petroleum products except LPG saw massive demand erosion following a nationwide lockdown halted economic activity and travel. According to provisional industry data […]

Read more

Coal imports at 12 major ports down 15% to 75 million tonnes in April-Jan: IPA Report

As per a report by the Indian Ports Association (IPA), imports of thermal coal  at the country’s 12 major ports declined by 14.98 per cent to 74.60 million tonnes (MT) during April-January this fiscal. During previous fiscal, these Centre-owned ports had handled 87.74 MT of thermal coal. Imports of coking and other coal recorded a rise of 1.10 per cent at 47.08 MT during […]

Read more

MMTC contracts 4,000 tonnes of onions in addition to the 17,090 tonnes already contracted


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 […]

Read more