Mineral output rose 9.4% in August

Business-standard | October 31, 2017 The index of mineral production of mining and quarrying sector for the month of August (new Series 2011-12=100) 2017 at 92.7, up by 9.4 per cent higher as compared to the level in the month of August 2016. The cumulative growth for the period April- August 2017-18 over the corresponding period of [...]

2017-11-15T14:06:53+00:00 August 31st, 2017|Agri Commodities|

Russia’s Wheat Exports Grew 11% Since Beginning Of Agricultural Season

Hellenic Shipping News| August 31, 2017 Russia has increased its wheat exports by 11 percent since the beginning of the agricultural season, exceeding 5 million tonnes, Russian Agricultural Minister Alexander Tkachev said Wednesday.“In this year we will be able to fully meet the demand for bread grain and feed grain on the domestic market and [...]

2017-09-01T11:08:15+00:00 August 31st, 2017|International|

Rupee Strengthens To 63.89

The Hindu Businessline| August 31, 2017 The rupee strengthened to 63.89 on fresh dollar selling by banks and exporters. However, a strong dollar overseas weighed on the rupee sentiment.The domestic unit opened weak by 4 paise at 64.05 at the Interbank Foreign Exchange market today. It hovered in a range of 64.06 and 63.89 before [...]

2017-09-01T11:07:16+00:00 August 31st, 2017|Economy|

Mauritius Seeks Indian Expertise for Better Yield of Sugarcane

Commodity India| August 31, 2017 The know-how and techniques of cultivation for better yield of sugarcane in Mauritius were at the centre of discussions held yesterday during a site visit effected by the Minister of Business, Enterprise and Cooperatives, Mr Soomilduth Bholah, and two Indian experts, at the sugarcane fields of Ramraj Cooperative Credit Society [...]

2017-09-01T11:04:40+00:00 August 31st, 2017|Agri Commodities, International|

Madhya Pradesh Basmati Claims Spark Protest, Exporters, Farmers Call It Unjustified

Commodity India| August 31, 2017 Indian farmers and traders enjoying premium in the world basmati rice markets due to the geographical indication (GI) status of the aromatic, long-grained cereal have come up against Madhya Pradesh’s “unjustified bid” to partake in the success.While the Chennai-based GI Registry is set to decide on MP’s application for inclusion [...]

2017-09-01T11:03:15+00:00 August 31st, 2017|Agri Commodities|

Why Indian Steelmakers Are Delaying Expansion Plans

Hellenic Shipping News| August 31, 2017 Steelmakers in the port town of Visakhapatnam on the south eastern coast of India are postponing expansions as they wait for work to begin on publicly-funded infrastructure projects, company officials told S&P Global Platts during a recent visit. Officials at long steel manufacturers, state-owned Rashtriya Ispat Nigam Limited (RINL) [...]

2017-09-01T11:02:03+00:00 August 31st, 2017|Non Agri Commodities|

How India Is Paying The Price Of Rice Exports To Iran; The Story Is Of Crashed Markets, Reneging Buyers

Commodity India| August 31, 2017 There is now the risk of non-payment/delayed payment/outright loss against large volumes of basmati rice shipped to Iran. There are whispers in the market that Iranian buyers are yet to pay for 1.25 lakh tonnes of rice—valued at nearly Rs 875 crore—that had been shipped out in 6,000 containers a [...]

2017-09-01T11:00:36+00:00 August 31st, 2017|Agri Commodities|

UP Sugar Mills To Begin Crushing Early

Commodity Online| August 31, 2017 Large Sugar mills in Uttar Pradesh plans to begin crushing in October this year, almost a month ahead of schedule, to boost supply of the sweetener and control shifting of cane supply to jaggery and khandsari units, the apex industry body Indian Sugar Mills Association (ISMA) said.Normally, Sugar mills in [...]

2017-09-01T10:59:34+00:00 August 31st, 2017|Agri Commodities|