BUSINESS
Rising demand for convenience food boosts value addition in Indian seafood exports
Value addition in India’s total annual seafood exports was stagnant at around 6-7 percent till Covid-19 exploded globally. In the last couple of years, it has risen to around 10 percent, according to MPEDA sources.
BUSINESS
Here's why rubber prices are heading to the Rs 200/kg mark
Production is up but demand is outstripping supply. Natural rubber hit an all-time high of Rs 245/kg ten years ago.
BUSINESS
Tea industry’s triple whammy: Rising imports, falling exports, inclement weather
While south Indian tea is hit by the rains, the bane of Darjeeling tea is the cheap tea imported from Nepal being passed off under its label. Increasing freight rates, container shortage and lack of incentives have hit exports. Tea growers are now pinning hopes on good weather in the coming months.
BUSINESS
Indian pepper touches Rs 500 per kg after a gap of four years
Indian pepper exports have stagnated around 16,000 to 17,000 tonnes in the last few years.
BUSINESS
Non-tyre rubber industry faces cost, raw material, shipping headwinds: AIRIA
The segment was facing a pre-lockdown decline in business due to disruption of supply chains. The pandemic stopped cash flows, while migration of workers caused much distress.
BUSINESS
Cochin airport becomes first in India to start hydropower project
The power plant with annual power generation capacity of 14 million units will be commissioned on November 6 at Arippara near Kozhikode. It will be fed to the Kerala State Electricity Board grid in the first week of November
BUSINESS
Sitics Logistics eyes Rs 1,500 crore revenue in five years
Sitics Logistics has charted expansion, digitisation and acquisitions as the route. Already, the company has transitioned from a South India-based player to a pan-India player, expanding from five states to more than 20
BUSINESS
WGC predicts strong demand for gold in India in 2022 provided there are no fresh Covid outbreaks
India’s gold imports remain strong and retail demand is expected to pick up as restrictions are gradually lifted across the country, it said.
BUSINESS
Demand slump and output rise hit cardamom price, hurt growers
Typically, sales of the spice, used in sweets and savories as well as in curries and hot beverages, increase with the onset of the festive season in North India.
BUSINESS
Indian seafood export may touch $7 billion in FY22
Thanks to the strong demand in the US, good farm production and introduction of pathogen-free black tiger shrimp broodstock, farmers are hopeful of hitting the target set by the Centre. There has been a record harvest of 3.28 lakh tonnes of the vannamei shrimp in the first six months of 2021.
BUSINESS
Demand and supply problems keep rubber prices steady in short term
Untimely rains in Kerala conspired with a decline in automobile production, caused by a shortage of chips that resulted in lower demand for rubber used in the manufacturing of tyres.
BUSINESS
Health-conscious Indians take to nuts and dried fruits, push up prices
Coronavirus outbreak has led to an increase in consumption of nuts to 'build immunity' and it has led to a spike in prices as India relies heavily on imports to meet its demand
BUSINESS
SEBI approves framework for gold exchange, here’s how it will work
This much anticipated move comes after Finance Minister Nirmala Sitharaman announced SEBI as the regulator for spot gold exchanges in the budget.
BUSINESS
Dwindling remittances from overseas Indians hit NRI deposits in Kerala
Job losses and salary cuts as a fallout of the pandemic have hurt the flow of deposits by non-resident Indians from the state
BUSINESS
Indian metal firms to gain further as firm prices expected despite dip from record levels
Metal prices are expected to remain high in the short to medium term as demand continues to rise and there is uncertainty about supply keeping pace, experts say.
TRENDS
Caravan holidays in Kerala from January 2022
The private sector will operate the caravans, while the government will facilitate branding and promotion for the project that will be rolled out from January 2022.
BUSINESS
Costly feed and freight rates spoil seafood industry’s efforts to cash in on higher shrimp production
A cash crunch has forced aqua farmers in several states to go slow in stocking seeds in their farms.
BUSINESS
Interview | IBS to grow at about 30% until 2025, may consider going public in two years, says VK Mathews
VK Mathews, founder and executive chairman of IBS Software, a Kerala-based SaaS solutions provider to the travel industry globally, weighs on the pandemic’s impact and what lies ahead.
BUSINESS
Indian flavouring agents exports up 35% to Rs 3,307 crore in FY21, but logistics, lower incentives hurt
India’s exports of flavouring agents called oleoresins rose much faster in the pandemic year but exporters say they may lose out to China which gives much higher export incentives than India, which has reduced such support.
BUSINESS
McLeod Russel bankruptcy case may fan winds of change in tea industry
Whatever the outcome of the insolvency proceedings initiated against the company, experts say it is time to fix the structural deformities in the tea plantations business
TRENDS
"Nearly 75% of sales from parts other than South India": Rage Coffee founder Bharat Sethi
This week, Rage Coffee announced that it has raised $5 million in series A funding. A look at the company’s plans, including new launches, key markets and corporate tie-ups.
BUSINESS
Tyre firms to jointly hire vessel to import rubber amid container scarcity, high demand
The pandemic and heavy rain in Kerala disrupted domestic rubber supply, while the shortage of containers delayed imports of natural rubber needed by tyre makers, prompting them to get together to charter a vessel for shipping in their raw material
BUSINESS
Falling gold price before wedding season cheers jewellers
Gold prices have fallen after the US Fed said that the country had added almost a million jobs in july. This has cheered jewellers in India as they expect lower prices to raise demand during the upcoming wedding season in southern India
TRENDS
India’s coffee exports look up as the world runs short of the beverage
A recovery in demand in Europe, where cafes are reopening, and lower than expected output in Brazil bode well for India’s coffee growers this year.
