Gems and jewellery exports rose by 29.18 per cent to Rs 13,160.24 crore ($ 1,764.06 million) in August compared with the previous month following gradual growth in demand in the US, China, Europe among others, the Gem and Jewellery Export Promotion Council (GJEPC) said. The total shipments in July stood at Rs 10,187.04 crore ($ […]
Zinc prices will edge higher over the remainder of 2020, continuing a strong rebound from the lows posted during the initial covid-19 outbreak, according to Fitch Solutions’ latest industry report. Zinc prices fell by 17.3% over the first three months of 2020, but have since recovered to post new highs for the year. Three-month zinc price averaged […]
Come October-November, onion prices may skyrocket, like they did last year and around the same time in many of the previous years, exposing the absence of a policy paradigm to ensure price stability of India’s staple vegetable, despite it being a political hot potato, Financial Express reports. Already, wholesale onion prices have nearly doubled within […]
Gold prices in India bucked the trend of rising in tandem with the global price rally for the first time in eight months. A stronger rupee seems to be the reason behind Indian gold prices giving up some gains in August 2020. In August, MCX gold shed 3.26 per cent from the previous month. However, […]
Steel companies in India are set to increase prices from September owing to cost-push and higher international prices. The difference between domestic and international prices currently is about 8 per cent. An increase in prices from September is on the cards. Steel companies are yet to decide the amount of hike. It should be noted […]
The pepper farming community has repeated their demand to curb the rising Sri Lankan imports of the spice at minimum import price so as to save the country’s foreign exchange outflow. Of the 57 tonnes offered in Kochi pepper market, 40 tonnes are imported stuff from the neighbouring island nation. The market was up by Rs […]
After three consecutive months of raising its crude oil prices, the world’s largest oil exporter, Saudi Arabia, is widely expected to make the first cut to its official selling prices (OSPs) since the OPEC+ group started their record production cuts to prop up the market and prices amid crashing demand. Oil refiners and traders in […]
The severe demand squeeze due to the pandemic prompted lockdowns and low global crude prices has helped India in reducing its crude import bill. Declining consistently since April, India’s oil imports fell about 29 per cent (YoY) to around 13.44 million tonnes in June, the lowest since October 2011. In value terms, the June oil imports stood at $4.93 billion (Rs […]
Private dairies in Maharashtra are likely to pay reduced procurement prices to farmers at the rate of Rs 18 per litre from next month, thanks to the problem of excess milk in the state due to the lockdown situation. Senior officials associated with the industry pointed out that the procurement prices varied across the state. […]
Mustard seed prices have jumped a staggering 26 per cent the past four months due to short supply and rising household demand for mustard oil as an immunity booster believed to help individuals fight coronavirus (Covid-19), Business Standard reports. In the benchmark Alwar (Rajasthan) mandi, rapeseed/mustard seed prices surpassed the benchmark Rs 5,000 a quintal to trade at Rs 5,025 on […]
