A severe shortage of diammonium phosphate (DAP), a key fertiliser during the current rabi season, has forced the Centre to cut the allocation for many states. This is likely to reduce the yield of key winter crops such as wheat, mustard and chana. About a third of DAP’s annual demand of nearly 119 lakh tonne […]
Tomato prices in retail markets of metro cities have shot up to Rs 72 per kilogram on tight supply due to unseasonal rains in key producing states like Madhya Pradesh and Maharashtra. Among the metros, the maximum increase in the retail price of tomato was seen in Kolkata where the key kitchen vegetable was ruling […]
Petrol price in Delhi rose to its highest-ever level of Rs 102.94 a litre and to Rs 108.96 in Mumbai, a government notification said. Diesel rates too touched a record high of Rs 91.42 in Delhi and Rs 99.17 per litre in Mumbai. Prices differ from state to state depending on the incidence of local […]
The price of natural gas produced by state-owned firms such as ONGC from fields given to them on nomination basis has been hiked by a hefty 62% to $ 2.90 per million British thermal unit (mBTU) for the six month period beginning 1 October 2021. The increase follows the lower production amid higher demand increase […]
Tightening coal supplies, toughening emissions standards have forced some provinces in China to ration coal-fired power production. According to Reuters, output curbs have hit steel, aluminum and cement industries particularly hard. About 7% of aluminum production capacity has been suspended. It is believed some 2.33 million tonnes per year of aluminium smelter capacity has been […]
Onion prices have increased by Rs 750 a quintal over the past ten days in markets across Maharashtra’s Nashik district, the commodity’s hub. But, prices are likely to head south once early Kharif onion begins arriving next month. Traders have raised the prices citing damage to stocks in storages. The rise in prices will also […]
Soyabean prices have fallen below Rs 6,000 per quintal in key markets across the country on new crop arrivals and the commencement of soymeal imports. The commodity prices had touched a record high of Rs 10,000 per quintal in the months of July and August, causing distress to the poultry and livestock sector. Soymeal forms […]
The iron ore price extended its slump below $100 a tonne as China stepped up restrictions on industrial activity in some provinces. The world’s biggest steelmaker is intensifying production curbs to meet a target for lower volumes this year as it works toward a target of reaching carbon neutrality by 2060. According to Fastmarkets MB, benchmark 62% Fe fines […]
Copper prices fell to one-month lows on Monday as traders tracked the risk of contagion from the debt crisis at property developer Evergrande, which is fueling new fears about China’s growth path. Copper for delivery in December fell 3% from Friday’s settlement price, touching $4.116 per pound ($9,166 per tonne) midday Monday on the Comex […]
Given the global uptrend of Arabica coffee prices trading at 7 -year high in July 2021, Robusta coffee too has caught up and is trading at a four-year high of above $2,040 a tonne. Global coffee prices have been rising due to lower availability from the main coffee producing countries, which has resulted in a […]
