The Financial ExpressCommodities – The Financial Express
Big boost to rice farmers: Basmati exports may cross Rs 26,000 cr mark this fiscal
Tue, 20 Mar 2018 18:27:31 +05:30
The strong demand revival, especially from Iran, may help Basmati rice exports to close the year with a 20 per cent growth at Rs 26,000 crore.
Watch your kitchen, fuel budget: Government may raise natural gas prices to highest in 2 years
Tue, 20 Mar 2018 13:08:36 +05:30
India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp, according to a survey of analysts and industry participants.
Private fuel retailers Essar Oil, Reliance Industries double petrol, diesel market share in last 3 years
Mon, 19 Mar 2018 17:32:57 +05:30
Private fuel retailers like Rosneft-owned Essar Oil and Reliance Industries have doubled their market share in last three years, capturing close to 7 per cent of petrol sales and over 8 per cent of diesel sales.
Drop in diamond demand after Nirav Modi case, says Assocham survey
Sat, 17 Mar 2018 03:40:58 +05:30
The alleged PNB fraud involving diamantaire Nirav Modi seems to have shaken confidence of jewellery buyers, especially those purchasing from unorganised jewellers, on concerns of the purity of the precious jewellery, resulting in a drop in the business, according to an Assocham survey.
Forging industry keenly watching Bhushan Steel insolvency case
Sat, 17 Mar 2018 03:37:33 +05:30
The forging industry is watching the proceedings at the National Company Law Tribunal (NCLT) closely. Steel maker Bhushan Power and Steel and auto component maker Amtek Auto are undergoing insolvency proceedings at the NCLT.
Vegetable oil imports fall by 9 per cent in February
Fri, 16 Mar 2018 02:55:37 +05:30
Import of vegetable oil during February 2018 stood at 1,157,044 tonne, down 9%, as compared to 1,270,443 tonne shipped in February 2017, according to the data of vegetable oil (edible & non-edible) imports for February 2018 compiled by The Solvent Extractors’ Association of India (SEAI).
Goa mining: Fate of mine workers hangs in balance
Fri, 16 Mar 2018 02:52:46 +05:30
As mining activities are set to stop in Goa on Friday in compliance with a Supreme Court order, James Frank, a mechanic at Vedanta’s Codli mine in South Goa is one among thousands of workers facing an uncertain future.
Maharashtra sugar millers want OMCs to float ethanol tenders in June, July
Fri, 16 Mar 2018 02:49:28 +05:30
Sugar millers in Maharashtra say that they are likely to miss the target of ethanol supply this season as the oil marketing companies (OMCs) did not issue tenders for buying the bio fuel well in time.
Tamil Nadu adopts revenue sharing price fixation
Fri, 16 Mar 2018 02:46:23 +05:30
Giving fresh breath to the ailing sugar industry in the state, the Tamil Nadu government has decided to switch over to the revenue sharing price fixation model from the current season.
Pesticide Management Bill fails to address active regulation: PAN
Thu, 15 Mar 2018 02:42:50 +05:30
Pesticide Management Bill 2017 is not comprehensive enough to address the multitude of concerns about pesticides in India, according to toxicity watchdog Pesticide Action Network (PAN) India.
Chip-enabled containers with temperature control system cut losses of agriculture exporters
Thu, 15 Mar 2018 02:40:23 +05:30
India, which ranks 14 on the list of global exporters of agricultural products, fishery and forestry items, suffers around $14-billion loss annually due to the lack of effective cold chain management system.
Maharashtra government bets big on export of fruits, vegetables
Wed, 14 Mar 2018 02:10:43 +05:30
The Maharashtra government has taken a slew of measures to promote the export of fruits and vegetables. In the last three months, the state has shipped around 2761.41 tonne fruits and vegetables valued at Rs 2,655.34 lakh through various export facilitation centres set up by the Maharashtra State Agriculture Marketing Board (MSAMB).
India’s liquid fuel demand to touch 10 million bpd by 2040, says BP Plc’s Spencer Dale
Wed, 14 Mar 2018 02:06:55 +05:30
India’s oil import is unlikely to come down in the near future and the demand for liquid fuel will increase to 10 million barrels per day by 2040 from the current 4 million bpd, according to Spencer Dale, group chief economist, BP Plc.
Kerala plan to lease Andhra Pradesh land for cashew fails
Wed, 14 Mar 2018 02:02:47 +05:30
Kerala’s much-touted initiative to lease 50,000 acre for cashew cultivation in Andhra Pradesh for the cashew processing industry in Kerala has drawn a blank.
Bt cotton seed price cut 7.5%, trait value by 20%
Wed, 14 Mar 2018 01:59:02 +05:30
Two years after it imposed price controls on the widely-used Bollgard II variety of Bt cotton seeds and slashed the trait value (royalty) payable to the technology provider US-based Monsanto, the government has now reduced the seed’s maximum sale price (MSP) in the retail market and the trait value further.
India’s oil imports from Venezuela hit lowest in over 5 years
Tue, 13 Mar 2018 14:33:37 +05:30
Indian imports of oil from Venezuela have fallen to their lowest levels in over half a decade, shipping and industry data showed, as a severe economic and political crisis hits crude output in the South American OPEC member.
At $232 billion, PetroChina, world’s third largest oil major, is seen cheap
Tue, 13 Mar 2018 12:16:00 +05:30
With its earnings outlook improving and massive pipeline assets expected to be restructured, analysts are forecasting a rally in PetroChina Co.’s Hong Kong shares, which are still trading at 2008 crisis levels.
Oil prices fall, while demand for US Treasuries stays strong
Tue, 13 Mar 2018 02:47:57 +05:30
Oil prices regained some ground on Monday afternoon but remained down as investors grappled with persisting concerns about rising U.S. output, while demand for U.S. Treasuries stayed strong despite increased supply.
US ups anti-dumping duty on Indian shrimp to 2.34 pc
Tue, 13 Mar 2018 01:33:07 +05:30
The United States Department of Commerce has increased the anti-dumping duty on Indian shrimp to 2.34% from 0.84% in the preliminary results of the department’s administrative review for 2016–2017.
Maharashtra begins online farmer registrations to buy chana at MSP
Tue, 13 Mar 2018 01:29:47 +05:30
The Maharashtra government has started online registration of farmers for the purchase of chana at the minimum support price (MSP).
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