India raised the price at which it buys locally produced new-season wheat by Rs 150 or 7 per cent to encourage farmers to expand the growing area as New Delhi tries to increase production. India, the world’s second-biggest wheat producer, sets a price each year to protect domestic farmers from distress sales and stock grain […]
The Department of Food and Public Distribution (DFPD) in India has lauded the Government’s prompt actions, leading to a substantial availability of sugar at reasonable prices across the country. While speaking to ANI, Secretary of DFPD, Sanjeev Chopra informed that as the current Sugar Season (Oct-Sep) 2022-23 approaches its end on 30 September 2023, India […]
Sugar output in Maharashtra, India’s top producing state, is likely to fall 14 per cent in the 2023-24 crop year to its lowest in four years due to lower cane yields following the driest August in more than a century, industry and government officials told Reuters on Wednesday. The reduced output could add to food […]
The central government has sold 1.66 lakh metric tonne (LMT) wheat and 0.17 LMT rice through the Open Market Sale Scheme (D) in an e-auction held on 06 September 2023. The Ministry of Consumer Affairs, Food and Public Distribution in a statement said that a quantity of 2.0 LMT wheat from 500 depots and 4.89 […]
Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
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 […]
India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest oil importers, cut imports from Russia and […]
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 […]
Official data revealed that India experienced an 11 per cent decrease in diesel exports and a 4.5 per cent drop in petrol exports during July. This decline was attributed to the implementation of a windfall profit tax by the government on such sales. According to the Petroleum Planning and Analysis Cell (PPAC) under the Oil […]
Wearable devices market in India saw a robust 53.3 per cent yearly growth in the first half of 2023, with shipping of 57.8 million units, according to data released by International Data Corporation (IDC). International Data Corporation (IDC) is a global market intelligence and advisory services provider. During the quarter of 2023, 32.8 million wearables […]
