7 12, 2017

Fire at Bhiwandi warehousing complex, 30 people evacuated

2017-12-07T10:29:21+00:00 December 7th, 2017|Uncategorized|

The Hindu | December 07, 2017 A fire broke out in a plastic godown and spread to over 15 adjoining godowns at a warehousing complex in Bhiwandi on Wednesday morning.According to the Fire Brigade, the blaze erupted at around 10.15 a.m. at Sagar Complex in Ovali village, which has more than 16 warehouses… Source:http://www.thehindu.com/news/cities/mumbai/fire-at-bhiwandi-warehousing-complex-30-people-evacuated/article21285601.ece

7 12, 2017

Maha agri board to develop 207 acres into export development zone

2017-12-07T10:28:01+00:00 December 7th, 2017|Agri Commodities|

Financial Express | December 07, 2017 The Maharashtra State Agriculture Marketing Board (MSAMB) has decided to develop around 207 acres of land parcels in its possession at Jawaharlal Nehru Port Trust( JNPT), Thane and Nashik into export development zones. A decision to this effect was taken at a meeting headed by Maharashtra cooperation minister Subhash [...]

7 12, 2017

Centre sets floor price on pepper import at Rs 500 per kg

2017-12-07T10:24:37+00:00 December 7th, 2017|Agri Commodities|

Financial Express | December 07, 2017 Minimum import price for pepper has been fixed at CIF value of Rs 500 per kg to protect the interests of pepper growers, sources at the ministry of commerce and industry said on Wednesday. The union government approved the proposal of the state-run spices board as cheaper imports of [...]

7 12, 2017

Rupee ends lower at 64.57

2017-12-08T10:14:23+00:00 December 7th, 2017|Economy|

The Hindu Businessline | December 07, 2017 The rupee lost further ground to end at a near two-week low of 64.57 against the US currency, falling by 5 paise on sustained demand for the dollar from importers despite a strong rebound in equities. In early trade, the rupee resumed firm at 64.46 from Wednesday’s close [...]

7 12, 2017

Now’s the right time to buy steel stocks

2017-12-08T10:13:37+00:00 December 7th, 2017|Non Agri Commodities|

Metal Junction | December 07, 2017 Analysts expect a robust second half for domestic steel companies on account of supply cuts imposed by the Chinese government beginning November 15 on its key steel producing provinces (forming 50 per cent of total Chinese steel output) due to environmental reasons (read winter), which can extend till May-June… [...]

7 12, 2017

India on verge of looming soil crisis: Report

2017-12-08T10:11:50+00:00 December 7th, 2017|Agri Commodities|

The Hindu Businessline | December 07, 2017 India is on the verge of a looming soil crisis that can potentially impact its agriculture in the near future. A third or 120 million hectares of soil of the total 350 million hectares has already turned problematic… Source:http://www.thehindubusinessline.com/economy/agri-business/india-on-verge-of-looming-soil-crisis-report/article9985289.ece

7 12, 2017

Pepper growers urge govt to restrict import to 2 ports

2017-12-08T10:11:01+00:00 December 7th, 2017|Agri Commodities|

The Hindu Businessline | December 07, 2017 After the Centre’s move to fix minimum import price for black pepper at ₹500 a kg, the consortium of pepper growers’ organisation has now urged the government to restrict the import of the commodity only to two major ports… Source:http://www.thehindubusinessline.com/economy/agri-business/pepper-growers-urge-govt-to-restrict-import-to-2-ports/article9985977.ece

7 12, 2017

Karnataka’s corn growers caught in a maze of low prices, procurement delays, surplus stocks

2017-12-08T10:10:07+00:00 December 7th, 2017|Agri Commodities|

The Hindu Businessline | December 07, 2017 Shankar, traditionally a paddy grower of Vadnalli village in Karnataka’s Davangere district, shifted to maize this kharif season on his five-acre land. Reason: water scarcity. But the switch didn’t bring him any respite as maize prices dropped due to a surge in output and slack demand from the [...]

7 12, 2017

Cooking oils slip on weak cues

2017-12-08T10:09:25+00:00 December 7th, 2017|Uncategorized|

The Hindu Businessline | December 07, 2017 Edible oils market witnessed a bearish trend on Thursday tracking weak futures amid slack demand for ready. Malaysian palm oil, Chicago soya oil and NCDEX soya oil futures were down on expectation of bearish palm oil data to be released on Tuesday… Source:http://www.thehindubusinessline.com/markets/commodities/cooking-oils-slip-on-weak-cues/article9985974.ece

7 12, 2017

Ethanol supply to touch record 113 cr litre in 2017-18: ISMA

2017-12-08T10:08:27+00:00 December 7th, 2017|Uncategorized|

Economic Times | December 07, 2017 Ethanol supply to oil marketing companies for blending with petrol will rise 71 per cent in 2017-18 season to touch record 113 crore litre, helping sugar mills to earn Rs 4,500 crore revenue, according to ISMA. Indian Sugar Mills Association (ISMA) said around 66 crore litre of ethanol was [...]