Vegetable prices have declined about 44 per cent over the past three weeks because of a sharp increase in arrivals of new crops. A new trend of farmers and aggregators supplying directly to consumers is being observed as there has been a reduction in mandi arrivals. The data compiled by the National Horticulture Board showed okra […]
Sudden spike in demand from both domestic and overseas markets has made basmati rice costlier by 10 per cent in June 2020. The aromatic rice is currently quoted at $1,000-1,200 a tonne now, from $900-1,100 a tonne towards the end of May. The value depends based on quality and brand of the rice. Supply to domestic consumers and […]
The price of onion has declined by 25 per cent during the last fortnight. It is currently trading around the cost of production. The price decline may deter farmers from sowing this politically crucial vegetable in the upcoming kharif season, reports Business Standard. In the benchmark Lasalgaon wholesale mandi in Maharashtra’s Nashik district, onion was […]
For the first time in the country, average tea prices rose by 40-60 per cent in the auctions driven by strong buyers’ demand and a severe shortfall, reports Business Standard. According to Tea Board data, in the first auction held in the month of May, prices surged by over 52 per cent at Rs 217.12 per kg […]
Aviation turbine fuel (ATF) price was hiked by a steep Rs 12,126.75 per kilolitre (kl), or 56.5 per cent, to Rs 33,575.37 per kl in the national capital, according to a price notification by state-owned oil marketing companies. Non-subsidised cooking gas LPG was also raised by Rs 11.5 per cylinder on the back of firming […]
Dairy farmers in Maharashtra have started to feel the pinch of the lockdown with procurement prices of milk dipping by 20 to 50 per cent. Decline in their income also means lower amount of feed being given to cattle. Due to lack of demand, farmers who used to make processed milk products such as curd, […]
Crude palm oil prices may rise to 2,300-2,400 ringgit ($528.37-$551.34) per tonnne in the coming months as Malaysia’s relationship with top importer India improves, industry regulator the Malaysian Palm Oil Board (MPOB) said this week. The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to […]
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 […]
Traders and analysts are highly bullish on gold crossing the barrier of Rs.50,000 per 10 grams in the first quarter (April-June) of fiscal 2020-21. Silver too is expected to cross Rs 54,000 per kg, primarily due to scarcity of the white metal. The yellow metal’s prices shot up after US Federal Reserve chief warned that […]
Brazil’s deadly coronavirus outbreak has disrupted global supplies of iron ore just as demand from China is revving up, pushing the price of the steel ingredient to a seven-month high. Iron ore is one of the most heavily traded commodities and can influence the price of materials used in everything from buildings to cars. Front-month […]
