The ex-mill price of ethanol made from C heavy molasses was agreed by the Cabinet on Wednesday to increase by 3% to Rs 57.97/liter, or Rs 1.69 more, for the 2024–2025 ethanol supply year (November–October). Prices of Rs 60.73/liter and Rs 65.61/liter for ethanol made from B heavy molasses and sugarcane juice, sugar, and sugar…
India’s pulses imports reached a record 66.33 lakh tonnes in 2024, nearly doubling from the previous year. The surge was primarily driven by increased yellow pea imports, which were allowed duty-free to address a shortfall in domestic chana production. Tur and urad imports also reached all-time highs, accounting for 25% of India’s total pulses consumption….
Jefferies, a global stockbroker, anticipates large withdrawals from ITC Hotels due to ETF sales. “ITC Ltd is part of key indices, ITCH could see outflows to the tune of $190-200 million (based on stock price) related to ETF selling in the stock,” Jefferies noted in their most recent analysis on the recently listed firm. On…
A survey released by the India Electronics and Semiconductor Association (IESA) projects that the semiconductor market in India will reach $103.4 billion (₹9 lakh crore) by 2030, up from $52 billion (₹4.5 lakh crore) in 2024. Mobile phones, IT, telecom, consumer electronics, automotive, aerospace, and defense are some of the major businesses driving this expansion….
Indian Oil Corp (IOC), a state-owned major oil marketing firm, announced on Tuesday that it has set a capital expenditure target of Rs 33,000 crore for the upcoming fiscal year 2025–2026, compared to Rs 35,000 crore for FY25. As of December, the company’s capital expenditures for the fiscal year totaled Rs 28,000 crore. The company…
India’s sugar production is predicted to decline by 17% in 2024-25, reaching 26.52 million tonnes, according to the All-India Sugar Trade Association (AISTA). This decline is due to adverse weather conditions, diseases in Uttar Pradesh, and lower sugar recovery rates. Lower closing stocks and reduced carryover sugar could lead to a supply shortage. Consumption is…
Gold prices rose 0.89% to ₹80,289 as investors awaited the Federal Reserve’s first meeting of 2025. The Federal Reserve is widely expected to keep interest rates steady after a 100 basis point cut since September, the latest sign of easing inflation. Moreover, trade-related inflation risks have eased as the US President has eased fears of…
In the next three to four months, scientists predict that favorable weather, above-normal monsoon rainfall, and improved rabi sowing will significantly reduce food inflation from its current levels. They assert that the prices of grains and edible oils continue to be a cause for concern and represent a short-term upside risk to the inflation trajectory….
Global Arabica coffee prices hit new highs on Monday, as farmers were reluctant to sell their 2025/26 harvest due to the effects of a continuing drought and expectations of higher prices and concerns about future harvests. According to data, only 12% of Brazil’s 2025/26 harvest has been sold, below the usual average of 21%. Prices…
Crude oil prices dropped by 1.98% to ₹6,300 after the US reversed its initial plan to impose sanctions and tariffs on Colombia after reaching an agreement on deported migrants. Market volatility persists due to the President’s strong rhetoric. US crude oil inventories fell for the ninth week, with a 1.02 million-barrel drop. Inventories at the…
