Turmeric prices are down by nearly ₹500 for a quintal for finger and bulb varieties over the last fortnight, while the fall has been high in the case of premium Rajapuri varieties grown in Maharashtra due to less domestic demand. “Prices have dropped over the last 10 days as demand has slowed. The trade is…
The government’s procurement of chana (gram), which has a share of more than 48% in the country’s pulses production, has crossed 1 million tonne (MT) in the this Rabi season (2022-23) so far compared to just 0.3 MT in the same period past year. This is due to the heavy harvest which has pulled down…
Tata motors looking forward to aggressively boost up annual production of Electric Vehicles(EVs) to more than 80,000 units in this financial year, sources with knowledge of the matter told Reuters. That compares with the 19,000 Electric Vehicles it built and sold in the past financial year. Tata, the country’s largest automaker, last year announced aims…
In Hyper local mobility segment, TVS motor Company on Wednesday signed an MoU with bike-taxi platform Rapido. Under the agreement the two companies will look to cooperate on supporting teamwork of their respective businesses in the fast moving mobility space in India. The comprehensive partnership will cover both two and three wheeler vehicles, particularly from…
Soybean Processors Association of India (SOPA) on Wednesday pressured the Central government not to allow the import of genetically modified (GM) soybean meal declaring that it will adversely impact the local processors and farmers since the country does not allow farming of GM food crops. SOPA Chairman Davish Jain said, “We understand that the poultry…
Oil prices are down in on Thursday morning as concerns about increasing coronavirus cases in China, the world’s largest oil importer, weighed on futures markets and fears of more lockdowns in China drove fuel demand concerns. Brent crude futures down 37 cents, or 0.4%, to $104.95 a barrel. U.S. West Texas Intermediate crude futures down…
India’s rice exports would continue to see strong growth in this fiscal year(2022-23) after a record shipment of about 20 million tonne (MT) of grain worth more than $ 9.6 billion in past fiscal year(2021-22). The expectation of a ‘usual’ monsoon rains this year is expected to give a improve to rice production which is…
Spinning mills, mostly in South India, have started to sign deals to import cotton following the Centre’s decision to allow the natural fibre’s shipments into the country duty free until September 30. Mills in Tamil Nadu have started placing orders for imported cotton. As a plan, mills were placed orders for 3040 days of production…
Rising input costs, including changing imported coal prices and crude, and expectations of rising demand saw cement producers hike prices in April by ₹45-50 per bag, a 12 per cent month-on-month hike. Region wise, in the North Indian markets the rise was over ₹50/bag (14% m-o-m) at ₹431/bag. The south Indian markets saw an 8–10%…
Tin prices fallen below $40,000 a tonne on Monday on concerns due to poor spot demand and inventories rising on the London Metal Exchange (LME) and Shanghai Futures Exchange (ShFE). Since March 8 when it moved to a record $49,500 a tonne, The metal which is used mainly as soldering material in electrical and electronic…
