Cumin exports from India are likely to cross 2 lakh tonne by the end of the current season, in the next couple of months. Turkey and Syria are the two major producers of cumin, with Afghanistan also cultivating small quantities of cumin. This year, however, Turkey and Syria have reportedly produced less cumin this season. […]
In a report tabled in the parliament, the Comptroller and Auditor General (CAG) noted that BHEL suffered a loss of 3.83 million euros (Rs 28.35 crore) as Turkey-based Electrik Uretim AS Genel Mudurlugu (EUAS) encashed BHEL’s performance bank guarantee after the state-run firm failed to submit the requisite documents on time. EUAS also terminated BHEL’s […]
Farmer bodies across Maharashtra have urged the Centre to lift the ban on onion export as prices have started declining, reports Financial Express. On Monday, wholesale onion at Lasalgaon were available at a minimum price of Rs 1,000 per quintal and the maximum price of Rs 3,600, with modal prices touching Rs 2,500 per quintal […]
India’s crude steel output increased marginally by 0.9 per cent to 9.058 million tonnes in October 2020, according to World Steel Association (worldsteel). The country had produced 8.981 million tonnes crude steel during the same month last year, the global industry body said in its latest report. “Crude steel production for the 64 countries reporting […]
After a sharp drop in apparel exports earlier this year due to covid, global shipments have begun to recover and bloated inventories are being thinned down again. However, it is a different story for cotton as unlike apparels output remains nearly the same as before. The ending stocks globally are expected to rise by 22%, […]
With onion prices continuing to rise, some importers have decided to import the commodity from Egypt, Iraq, Iran and Turkey, Financial Express has reported. Traders at Nashik and Vashi – one of the largest wholesale markets in the country – said around 20-25 containers from Egypt are expected to arrive at landed cost of Rs […]
Bangladesh importers have been eagerly waiting for onion consignments to get cleared from Chittagong port, a day after the Indian government allowed pre-contracted onions to enter the markets. According to the Chittagong Plant Quarantine Station, more than 200 import permits (IPs) were issued for 88,045 tonnes of onions from September 3 to 17. Of them, 3,320 tonnes are from the […]
Turkish president Tayyip Erdogan said that Turkey had discovered its largest-ever deposit of natural gas in the Black Sea, a move which could help the country reduce its dependence on energy imports from other countries, including Russia. The natural gas find comes amid heightened regional tensions. The natural gas field is presumed to hold 320 billion […]
Steel trading is temporarily suspended in India and South Africa, due to government measures to contain the spread of coronavirus. Business confidence is deteriorating all over. Exporters are focused on developing new business opportunities in the Middle East and Asia. Steel trading is also suspended in South Africa. Traders and service centres are questioning the […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes in February 2020, a 2.8 per cent increase compared to February 2019. China’s crude steel production for February 2020 was 74.8 million tonnes, an increase of 5.0 per cent compared to February 2019*. India produced 9.6 million […]
