Commodities

Lockdowns wipe sheen off gold on Akshaya Tritiya, hope on e-sales

Informist, Friday, May 14, 2021 By Roshni Devi MUMBAI – Stuck between a gruelling pandemic and lockdown-like restrictions imposed by many states, sales of gold on the occasion of Akshaya Tritiya have been poor so far today. Akshaya Tritiya is considered an auspicious day by Hindus, and many people buy gold on this day due...

India FY22 rubber imports seen down 15% at 350,000 tn, says source

Informist, Wednesday, May 12, 2021 By Rahul Dhuri and Roshni Devi MUMBAI – India's rubber imports are likely to decline for the third consecutive year in 2021-22 (Apr-Mar). The imports are estimated at 350,000 tn, 15% lower than the previous year, an industry source told Informist. The likely decline in imports is because the country's production of natural rubber is seen increasing to...

To avoid surge in price, govt aims record onion acreage

Informist, Monday, May 10, 2021 By Kaushal Verma NEW DELHI - After repeated scarcity and surge in onion prices during lean seasons, the government is aiming to increase the vegetable's acreage by at least 5% to record 380,000 ha in 2021-22 (Jul-Jun) kharif season, a senior farm ministry official told Informist.  "We are planning...

India FY22 rubber production seen up 9% at 780,000 tn, source says

Informist, Friday, May 7, 2021 By Rahul Dhuri and Roshni Devi MUMBAI – India's production of natural rubber in 2021-22 (Apr-Mar) is seen increasing to 780,000 tn from 715,000 tn in the previous year, an industry source told Informist. The new estimate is also higher than 760,000 tn projected earlier. The output of natural rubber is expected to be higher as...

Comments by Blue Star signal tough Apr-Jun quarter for industry

Informist, Friday, May 7, 2021 By Jatin Grover, Sai Ishwarbharath and Satyanarayan Iyer PUNE - Blue Star Ltd's comments in a post-earnings conference call with analysts today point to the scale of challenges before room air conditioner makers in India over the next couple of years. From a supply glut and plant closures to...

Govt aims to increase area under oil palm trees by 14% to 404,000 ha

Informist, Friday, May 7, 2021 By Kaushal Verma NEW DELHI – The government plans to increase the area under oil palm trees by 14% to 404,000 ha in 2021-22 (Apr-Mar), with an aim to ramp up domestic edible oil production, a senior official with the farm ministry said.  "In 2020-21, the additional area brought...

India FY21 rubber imports down 10% at 413,190 tn, says source

Informist, Thursday, May 6, 2021 By Rahul Dhuri MUMBAI – India's rubber imports likely declined for the second consecutive year in 2020-21 (Apr-Mar). The country imported an estimated 413,190 tn of rubber, 10% less than the previous year, an industry source told Informist.For 2020-21, block rubber imports fell to 357,515 tn from 379,650 tn...

Sources say Indian malt makers to import 60,000 tn of barley by June

Informist, Tuesday, May 4, 2021 By Rahul Dhuri and Roshni Devi MUMBAI – The rising demand for alcohol, especially beer, and a surge in prices of barley in the domestic market have pushed malt markers to look overseas for supply of the grain. Sources told Informist that malt makers have already signed deals to...

Haryana eyes crop diversification, cuts 2021-22 rice acreage target

Monday, May 3, 2021 By Kavita Desai MUMBAI – To encourage crop diversification, the Haryana government has set a lower rice acreage target for the current kharif season and increased the area under bajra, cotton and maize, say senior state government officials. Over the past few years, the state government has been trying to convince farmers to...

Informist Poll: Firm US econ data, likely dlr strength may dull gold

Informist, Monday, May 3, 2021 By Roshni Devi MUMBAI – Signs of resilience in the US economy and the consequent strength in the US dollar may drag down gold prices this month. Informist polled 11 traders and analysts, of which five expect prices to head south in May, while two see prices in a tight range. The average forecast...


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