India’s wheat inventories at state warehouses have dropped to 19 million metric tons, the lowest in seven years, two government sources said on Friday, as two years of falling production forced state-run agencies to sell more grain to private players. Last year, India, the world’s second-biggest wheat producer, banned exports after output was curtailed due […]
Jack Ma has fueled speculation about his upcoming ventures by initiating a new project, “Hangzhou Ma’s Kitchen Food,” marking his return to business activities following a period of reduced visibility amid a government crackdown on his companies, Alibaba and Ant Group. With an initial capital of 10 million yuan ($1.4 million), the company is registered […]
Mandi prices of various basmati paddy varieties in India have witnessed a significant surge, ranging from 11 to 14 per cent, just one month after the government’s decision to reduce the minimum export price (MEP) of basmati rice to USD 950/tonne, aiming to stimulate exports. Exporters attribute the increase in basmati paddy prices to robust […]
India’s trade data for September 2023, released by the Commerce Ministry, reveals a decline in exports by 2.6 per cent, which amounted to USD 34.5 billion compared to USD 35.4 billion in September 2022. “UK delegation will be in India for FTA negotiation. High-level engagements at various levels are ongoing to iron out differences. The […]
India is exploring trade in local currencies with Tanzania, said Dammu Ravi, Secretary (Economic Relations) in the Ministry of External Affairs on Monday at a presser. “We are exploring new areas of cooperation including in trade in local currencies. This is one of the topics discussed by the two leaders,” Ravi told reporters in the […]
The Yogi Adityanath government in Uttar Pradesh has embarked upon a mission to enhance cattle breeds, boost milk production, and augment the population of indigenous cow breeds. Recently, the government prepared a detailed action plan for three pivotal schemes under the Nand Baba Milk Mission, according to which, it would be spending Rs 31 crore […]
A quantity of 521.27 lakh tonne rice has been estimated for procurement during the forthcoming Kharif marketing season 2023-24 as against the previous year’s estimates of 518 lakh tonne, an official release from the ministry said Wednesday. Wherein 496 lakh tonne was actually procured during the 2022-23 season. During 2023-24, the leading States in terms […]
Deficient Rainfall in several parts of India may cause pulse prices to surge, adding to the burden on the masses after rising vegetable costs. With the sowing season about to end, pulses sowing have declined further and is expected to be largely lower, according to a recent report. The report Monsoon and Sowing: Update released […]
The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market till 31 December 2023. Earlier today, the Finance Ministry issued a notification stating that they have imposed a 40 per cent export duty on onions till December 31, 2023. […]
The Consumer Price Index (CPI) points to potential fluctuations in retail inflation in India, ranging from 5.6 to 6.6 per cent for July. This variation is primarily attributed to a surge in expenses within the food sector. The unveiling of this statistic by the government is scheduled for Monday. Over the past two months, food […]
