Commodities
FIEO urges commerce ministry to exclude ‘Bangalore rose’ onion from export ban list
On September 14, the government banned the export of all varieties of onions with immediate effect, a move aimed at increasing availability and checking price of the commodity in the domestic market.
Gold prices plunge over Rs 6,800 from record high; check key reasons behind this fall in yellow metal
So far this week, gold prices have fallen Rs 2,326 or 4.50 per cent, while silver has lost Rs 11,206 or 16.5 per cent. The level at which gold is trading today was last seen on July 21 this year.
Cotton procurement exceeds a record 10 million bales
Market prices of the ICS-105 cotton variety (28mm) in Gujarat were ruling at just Rs 35,900 per candy, of 356 kg, on Wednesday, down by about 12% from a year before.
Some onion imports on cards as prices soar
Traders at Vashi – one of the largest wholesale markets in the country – said around 20-25 containers from Egypt are expected to arrive in a fortnight at a landed cost of Rs 35-40 per kg. One cont
Despite 70% surge in domestic prices, Indian tea exports feel pandemic heat
Indian tea exports fell both in volume and value terms between January and June 2020, but the declining trend between April and June further deepened in volume terms
Gold prices gain today amid rising COVID-19 cases; may trade in this range by year-end
Analysts say that gold prices got crushed yesterday following a global sell-off in equity markets. US Dollar strengthened amid broad risk-off as rising cases of infection in Europe might prompt the go
Sebi puts in place framework to handle near zero, negative prices in commodity futures
Sebi noted that in recent times extreme volatility has been observed in commodity prices globally, particularly in the case of crude oil, wherein the prices had unprecedentedly gone down to zero and
India saved Rs 5,000 cr by filling strategic reserves with low-priced oil: Dharmendra Pradhan
India saved over Rs 5,000 crore when the country in April-May used two-decade low international oil prices to fill up its three strategic underground crude oil storages, Petroleum Minister Dharmendra
Lockdown crushes gold smuggling routes; illegal shipments may fall this much by year-end
The coronavirus pandemic has crushed the inflow of gold smuggled into the world’s second-biggest consumer. Illegal shipments of gold to India are estimated to have slowed to a trickle of about 2 ton
Karnataka farmers urge Centre to exempt ‘Bengaluru Rose’ onions from export ban
The delegation said that farmers in Bengaluru Rural, Kolar and Chikkaballapur districts have grown more than 10,000 tonnes of 'Bengaluru Rose' onion this year.
Cane crushing in Maharashtra to begin from October 15
Expecting a bumper crop, Maharashtra is all set to commence the cane-crushing season of 2020-21 from October 15.
Govt again cuts import duty on masoor dal
A notification of the Central Board of Indirect Taxes and Customs (CBIC) has amended a June 2017 notification "so as to reduce" the basic customs duty on lentil (masoor dal) for the period from Septem
Petrol demand returns to pre-COVID-19 levels, diesel demand still down
Petrol sales between September 1 and 15 rose 2.2 per cent year-on-year and were up 7 per cent over the previous month, according to preliminary industry data.
European Commission seeks public comments on India’s Basmati GI right plea
The government recognises 34 Indian rice varieties, both traditional and evolved, as basmati while Pakistan has also a few more.
Maharashtra farmers seek removal of ban on onion export
Before the move, prices of the kitchen bulb in Lasalgaon, the country's biggest onion market in Maharashtra, had doubled to Rs 3,000 per quintal since March.
Sugar mills owe nearly Rs 13,000 cr for 2019-20 season to cane farmers as on September 11: Govt
The sugar mills also owe Rs 548 crore for 2018-19 marketing season (October-September), Rs 242 crore for 2017-18 and Rs 1,899 crore for 2016-17 and earlier, taking the total outstanding amount to Rs 1
Gold prices in India jump today, still 10% down from record high; global rates flat ahead of US Fed meet
Gold prices hit a record high of Rs 56,191 per 10 gram in August this year, since then the yellow metal prices have corrected over 9 per cent.
Gems, jewellery export improves 29.18% sequentially in August
The recovery is due to growth in demand for diamonds and jewellery in international markets like the US, China, Europe etc. which have opened for trade, the GJEPC said.
Retail tomato prices surge to Rs 80-85/kg in Delhi
Mother Dairy's Safal vegetable outlets were selling tomato at Rs 78/kg, while e-tailer Grofers at Rs 74-75/kg and Big Basket at up to Rs 60 per kg on Saturday.
Diesel price dips below Rs 73, petrol rate cut for 2nd time in six months
Petrol price in the national capital fell to Rs 81.86 a litre from Rs 81.99 per litre.
Demand for natural rubber may revive in Q3 of 2020
The inter-governmental organisation of 13 rubber producing countries in its latest report said the global demand for NR is likely to fall by 2.9 % in Q3 of 2020, after it fell 15% in Q1 because of Chi
Less supply from states owing to crop damage caused by rains push vegetable prices up in Delhi
In the open market, retail prices of green vegetables like okra (bhindi), cabbage, green chilly, pointed gourds (parwal) among others were selling at Rs 60 per Kg and above.
Sowing of pulses, coarse cereals and oilseeds almost over; rice growing still in progress: Govt
The ministry attributed the record progress in kharif sowing to timely prepositioning of crop inputs, credit and adoption of technologies besides good rainfall.
Petroleum products sale in Gujarat lower despite 4 unlockdowns
It would take another three to four months to achieve pre-lockdown level in Gujarat, he said, adding that trade and industries are gradually opening up in the state but still a large chunk of employee
Covid-19 lockdown re-imposition effect: August diesel sales 12% less than July
While rural agricultural demand is mainly driving diesel consumption, floods in Bihar and northeastern states has moderated the speed of demand recovery. Muted sales of commercial vehicles is also not
Nafed intiative: Scores of e-kisan mandis being set up; Pune gets the first one
As for the Pune facility, around 30 FPCs in Pune district are part of the effort. The traders or retail market chains will be registered on the mandi for making online purchases from farmers.
Palm oil prices may fall as demand in India weakens, imports drop amid coronavirus
Palm oil imports by top buyer India probably fell from a 10-month high as a slow recovery of the food services industry curtailed demand for the world’s most-used vegetable oil.
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- Samsung India expects 40% growth in smartphone segment in Q4
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- Amazon says B2B orders up 108% during festive week from year-ago; 50% came from Tier-II, III cities
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- Fare limits to remain in place for another three months: Hardeep Singh Puri
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