India has also sought reasonable oil prices for its refiners from Saudi Arabia
Precautionary measures taken by public sector banks in the wake of the Rs 11,400-crore Nirav Modi scam are unlikely to have a significant impact on the financing of the Surat-based diamond industry.
FRP payments have become a contentious issue in Maharashtra with sugar prices falling in the recent past, and even as prices have jumped, millers still maintain it is difficult to make payments
Multi Commodity Exchange of India (MCX), which has established and maintains an investor protection fund – ‘Multi Commodity Exchange Investor (Client) Protection Fund’ (MCX IPF), has reviewed the present limits of compensation and has decided to revise it.
As the Gujarat government has failed to arrange warehouses and fulfill the conditions set by the central government for additional procurement of groundnut, Nafed has not begun fresh procurement in the state.
The Tea Board of India has urged the Centre to sign a preferential trade agreement with China so that both the countries can tap each other’s market to trade in tea.
Ambuja Cements (ACL) has reported a better-than-estimated operating performance in 4QCY17, mainly owing to higher-than-expected volume growth and better operational efficiencies.
The Centre on Wednesday told the Supreme Court that it will advance the deadline for supply of Bharat Stage (BS)-VI auto fuels by two years and will start supplying the cleaner fuels in all the retail outlets of Delhi from April 1.
Capture fisheries from the sea and inland waters is estimated to stay flat or decline globally due to over fishing, says a report published by the Food and Agriculture Organisation (FAO) of the United Nations.
The operating profit margins of home textiles exporters is seen falling 300 basis points (bps) from this fiscal following pressure on export realisations stemming from a shift in the dynamics of US retail and a reduction in incentives after the implementation of the GST.
The US is keen on a broader free trade agreement (FTA) with India, but even before this can materialse, it wants to hike exports of agricultural products such as soybean meal and distiller’s dried grains (DDG) made from corn to India, said visiting under secretary of agriculture Ted A McKinney.
The weak demand and sluggish trend continue for majority of pulses with tur in Maharashtra declining to Rs 4,400-4,475 a quintal, while tur in Madhya Pradesh ruled at Rs 3,950 per quintal.
A raft of government measures earlier this month including increase in import duty on raw and white sugar to 100% and restriction on sugar sales by imposition of stockholding limits for February and March have come as a relief for sugar mills and sugarcane farmers alike.
Jeera prices are under pressure on reports of higher production and arrivals in the terminal market.
The crunch in domestic availability of Carbon Black has reached such an extent that several domestic tyre companies have been forced to take unplanned shutdowns in the recent past for want of this essential raw material.
2018 is likely to exhibit a more or less sustainable scenario with no major shock as the so-called Chinese juggernaut continues to trudge along a not-so-smooth roadway. The external shocks may originate from steep rise in oil prices, shrinkage in demand in US and EU arising out of strict protective measures and further hike in US interest rates
Even as thin price realisation from natural rubber (NR) has been making rubber plantations abandoned, cocoa is slowly turning sweeter to Kerala farmer.
India’s soybean output is at 83.5 lakh tonne for the harvesting season 2017-18, about 24% lower than 109 lakh tonne reported in the previous year.
Fishing boats across Kerala are staying off the waters from February 15 following a strike called by the All Kerala Fishing Boat Operators Association.
Import of vegetable oil during January 2018 has been reported at 12.91 lakh tonne compared to 10. 02 lakh tonne in January 2017, up by 25%, data compiled by The Solvent Extractors’ Association of India has said.
The Maharashtra government has decided to promote short duration varieties of Bt cotton from the next cotton year following the severe pink bollworm attack on the crop this season.
A panel of secretaries may soon consider a proposal to double the import duty on wheat from current 20% to rule out any possibility of cheaper import coming into the country as the harvesting of the crop has started.
Farmer organisations in Maharashtra are on the warpath on the issue of cane payments and have threatened agitations to get the entire payment as promised at the start of the season.
The Andhra Pradesh government has issued show-cause notices to two major seed companies — Kaveri Seeds and Nuziveedu Seeds — for illegally selling herbicide tolerant cotton seeds to farmers in Kurnool and Guntur districts.
Wheat prices have remained depressed as the new crop has started arriving in Gujarat and Madhya Pradesh a little earlier than normal schedule amid expectation of a bumper harvest in the country.
The year 2018 begun with a little trepidation and uncertainty on the likely business outlook for the incoming months.
The Cotton Association of India (CAI) has lowered its estimates for cotton crop for the ongoing 2017-18 crop year at 367 lakh bales.