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November 27, 2020 12:37 PM IST According to Geojit, The government slashed import duty on crude palm oil by 1,000 basis points to 27.5%, according to a revenue department notification, in an attempt to cool off soaring edible oil prices in domestic markets.
November 26, 2020 10:46 AM IST
November 25, 2020 10:07 AM IST
November 24, 2020 12:33 PM IST
November 23, 2020 01:29 PM IST According to Geojit, Time is running out for sugar exporters. With no export policy almost two months into the new season, they are a fretful lot.
November 20, 2020 11:06 AM IST According to Geojit, The National Agricultural Cooperative Marketing Federation of India has offloaded nearly all of its onion stocks and may replenish its buffer from April, an official with the agency said.
November 19, 2020 09:39 AM IST According to Geojit, The Food Corp of India is in talks with several grain-based distilleries to sell excess rice for production of ethanol, senior government officials said.
November 18, 2020 10:04 AM IST According to Geojit, The food ministry has floated a Cabinet note to extend the soft loan scheme for molasses-based distilleries to grain-based distilleries as well, to augment ethanol output in the country, senior government officials said.
November 13, 2020 09:58 AM IST According to Geojit, Exports of spices from India during Apr-Aug rose 15% on year to 570,000 tn, according to data from the Spices Board India.
November 12, 2020 09:33 AM IST According to Geojit, The US Department of Agriculture has cut its estimate for global cotton output for 2020-21 to 116.1 mln bales (1 US bale = 218 kg) from 116.3 mln bales projected in October.
November 11, 2020 11:20 AM IST According to Geojit, Creating an oilseed development fund will help the country attain selfsufficiency in edible oil production, The Solvent Extractors' Association of India President Atul Chaturvedi said.
November 10, 2020 09:54 AM IST According to Geojit, The Cotton Association of India has estimated the output of the fibre in India for the 2020-21 (Oct-Sep) season at 35.6 mln bales, down a mere 1% from its projection the previous year.
November 09, 2020 09:48 AM IST According to Geojit, India's sugar output was at 425,000 tn as of Nov 5 from the start of the new crushing season in October, sharply higher than 105,000 tn last year, the National Federation of Cooperative Sugar Factories Ltd said in a release.
November 06, 2020 09:35 AM IST According to Geojit, The food ministry has suggested tweaks in the free food grain plan, including reduction in allocations, after the finance ministry indicated it is not keen on extending the plan beyond November, senior government officials said.
November 05, 2020 08:59 AM IST According to Geojit, The average wholesale prices of onion declined in Lasalgaon, Maharashtra, because of a rise in supply amid marginally lower demand from bulk buyers, traders said.
November 04, 2020 09:56 AM IST According to Geojit, The government may resort to more borrowing by Food Corp of India from the small savings fund to finance a part of the 1.48-trln-rupee free food grain plan under the Pradhan Mantri Garib Kalyan Yojana, a senior finance ministry official said.
November 03, 2020 09:24 AM IST According to Geojit, The Centre is unlikely to extend the distribution of free food grain under the Pradhan Mantri Garib Kalyan Anna Yojana beyond November, a senior finance ministry official said.
November 02, 2020 10:08 AM IST According to Geojit, The UK-based Cotton Outlook has marginally scaled down its estimate for global output of the fibre in 2020-21 (Aug-Jul) to 24.4 mln tn from 24.5 mln tn projected last month, the agency said in its October report.
October 29, 2020 10:17 AM IST According to Geojit, India's castor oil exports jumped 41.6% on year to 53,007 tn in September, according to data from Solvent Extractors' Association of India.
October 28, 2020 12:00 PM IST According to Geojit, The government is likely to import around 100,000 tn of onion to shore up domestic supplies and cool off the surge in prices of the staple, a government official said.
October 27, 2020 10:59 AM IST According to Geojit, The government has procured nearly 15.1 mln tn of kharif paddy in 2020-21 (Oct -Sep) marketing season as of Sunday, 20.8% higher on year, according to an official release.
October 26, 2020 10:36 AM IST According to Geojit, The National Commodity & Derivatives Exchange has removed Tonk in Rajasthan as an additional delivery centre for mustard contracts, the exchange said in a circular.
October 22, 2020 09:09 AM IST According to Geojit, Food grain stocks held by government agencies declined 10% during September, however, the inventories remained sharply higher than the buffer requirement.
October 21, 2020 10:57 AM IST According to Geojit, Some state governments, including Punjab, West Bengal, Kerala, Odisha and Jharkhand, have written to the Centre urging it to extend beyond November the provision of free ration under Pradhan Mantri Garib Kalyna Yojana, senior government officials said.
October 20, 2020 12:49 PM IST According to Motilal Oswal, Gold has been trading in a broad $100 range i.e. from $1850- 1950 since the past few weeks and volatility has died down amidst a lot of confusion over the stimulus package from the US.
