BUSINESS
India's sugar exports seen lower than last season on logistics woes
India’s sugar export chances were also seen bright since for the second consecutive year sugar production in Thailand, which accounts for 80-85 percent Indonesia’s sugar imports, is expected to be low.
BUSINESS
Explained | Lithium, its importance in EV batteries, where India is placed and the China factor
All the essential questions about lithium and why the commodity is so vital to the electric vehicle space answered.
BUSINESS
2 reasons why gold prices have been falling
Analysts say that there could be another $100 fall in gold, though technical charts show good support in the $1,775-1,780 range. If gold manages to rise from its current level, it could face resistance around 1,825 levels.
BUSINESS
Onion prices in India increase on January rains, exports hit as well
Delay in arrivals of the late kharif crop and rain In Maharashtra have pushed up onion prices by about Rs 1,000 a quintal since February 1, which has also made exports unviable.
BUSINESS
Rice exports get a push, Andhra allows use of Kakinada deep-water port
The Andhra Pradesh government has allowed the use of Kakinada deep-water port for rice exports to help clear congestion at the Kakinada anchorage port.
BUSINESS
Budget’s gold import duty cut main door to success of other reforms: WGC India MD
Somasundaram said Nirmala Sitharaman could, perhaps, have given a one-time capital gain exemption for gold.
BUSINESS
Three reasons behind #silversqueeze in the global market and its impact on India
Prices on the futures market zoomed by 13 percent before the shine gave way to reason, though silver ended with 6.3 percent gain at USD 28.70. However, the hammering continued on February 2 with prices declining further by 5.5 percent to USD 27.80.
BUSINESS
Budget 2021 | FM Sitharaman's proposal to cut import duty on steel to help MSMEs, domestic users
The Budget 2021 proposal comes at a time when steel users have bitterly complained against the recent hikes, resulting in prices rising by over 40 percent since June last year.
BUSINESS
Budget 2021: Bullion sector hopes glitter as Nirmala Sitharaman cuts duty on precious metals, raw materials
Sitharaman has proposed a five percentage point cut in import duty on gold and silver. But the precious metals will attract a 2.5 percent Agriculture Infrastructure and Development Cess (AIDC) taking the total value of duty to a little over 10 percent.
BUSINESS
Budget 2021 proposes 'level-playing field' for farmers by raising customs duty, imposing cess on key agricultural imports
The Centre has proposed to raise the exemption limit for agriculture income to Rs 2.5 lakhs from the earlier Rs 5,000 in the overall computation of income tax of individuals.
BUSINESS
Pepper imports from Sri Lanka up 10% in December, domestic growers worried
Pepper is imported duty-free by the oleoresin industry, which argues that Indian pepper is unsuitable in view of its lower oil content, a claim contested by growers.
BUSINESS
Economic Survey 2021: Agriculture sector the silver lining during COVID-19, may grow 3.4% this crop year
The farm laws are “a remedy and not malady” for farmers from various restrictions they faced in marketing their produce, the survey has said.
BUSINESS
India's sugar production estimated lower at 30.2 million tonnes on UP woes
The lower estimates are mainly on account of Uttar Pradesh, the biggest sugar producer in the country, where mills are expected to produce 10.5 million tonnes of the sweetener compared to 12.63 million tonnes the previous season.
MARKETS
Castor oil exports rise to four-year high on Chinese buying
While castor oil exports increased last year, castor meal shipments dropped to 3.16 lakh tonnes during April-December last year compared with 4.79 lakh tonnes the previous year. Meal exports showed a rising trend in December, though.
BUSINESS
Kraft paper price rises despite lower demand for corrugated boxes
Kraft paper manufacturers are unwilling to cut prices, saying they are finding it difficult to source waste paper.
BUSINESS
Natural rubber prices stablise after slipping from 6-year high
Rubber Board of India data shows that production picked up in November due to the price uptrend, though it was down during the first seven months of the current fiscal.
BUSINESS
Global maize price spike holds domestic rate stable despite bird flu impact on poultry sector
At least 11 States have been affected by the bird flu outbreak in India leading to culling of thousands of poultry birds. The outbreak has affected consumption of poultry products such as egg and meat to some extent.
BUSINESS
Cotton price spike in global market, raise hope of higher exports from India
Cotton Association of India (CAI) President Atul Ganatra said export demand is currently slow due to novel Coronavirus (COVID-19) lockdown in Europe and few more countries. His association has pegged exports at 54 lakh bales this season.
BUSINESS
Indian onions outpriced in global market on higher domestic price, shipping woes
Onions prices have been climbing since the beginning of 2021 after the government lifted the ban on exports that was imposed in September when rates began to surge.
BUSINESS
Steel sector, users in for more shocks as iron ore prices rise further
Iron ore prices have gained 7.25-9 percent for various grades since the beginning of 2021. This follows an 80 percent spike in ore prices in the previous year.
BUSINESS
Wheat prices in India rise on export demand, surge in global market
In the global market, wheat has gained a little over three percent since the beginning of 2021 to 661 US cents a bushel. Lower crops from Russia and Argentina will boost demand for Indian wheat.
BUSINESS
Turmeric prices rise in India on demand pick-up, fears of lower output
On National Commodities and Derivatives Exchange (NCDEX), unpolished turmeric for delivery in April ruled at Rs 6,198 on January 13. According to NCDEX, spot prices have increased to Rs 5,725 from Rs 5,582 a week ago.
BUSINESS
Indonesia may emerge as the biggest importer of Indian sugar
Iran continues to use the accounts for buying these commodities but the amount in the accounts is depleting.
BUSINESS
Potato prices crash 70% from November peak on higher arrivals
One reason for the sharp drop is that potato farmers went in for early cultivation to take advantage of higher prices in November.
