India’s gems, jewellery export rise by 29% in August; imports also double even as prices touched record high

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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 ($ […]

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Zinc price to enter long term structural decline in 2021: Fitch Solutions

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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 […]

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Onion prices in India threaten to rise again on fall in production fears and rise in festive season demand

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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 […]

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Less demand and low crude prices may cut India’s oil bill by 40% this year

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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 […]

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Mustard seed prices in India jump by 26% in four months on sudden demand for mustard oil as immunity booster

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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 […]

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