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HomeTag: Commodities

‘Not criticising anyone but…’ – On high fuel prices, PM Modi’s ‘special request’ to states for VAT reduction

Flagging higher fuel prices in many opposition-ruled states, Prime Minister Narendra Modi on Wednesday urged them to reduce VAT in “national interest” to benefit the common man and work in the spirit of cooperative federalism in this time of global crisis. Modi raised the issue of many states not adhering to the Centre’s call for …

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MCX gold above Rs 53000 will aim for Rs 54000; Upside looks limited on rising Treasury yields, US rate hike

By Bhavik Patel Gold prices are consolidating and has so far ignored hawkish comments from Federal Reserve Chair Jerome Powell. Market came back into its tight trading range after touching $2000 at the start of the week. But strong US Treasury yield which is inching towards 3% is creating headwinds for gold. Powell said that …

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Govt sets foodgrain output target at record 328 million tonnes for 2022-23 crop year

The government has set the foodgrain production target at a record level of 328 million tonnes for the 2022-23 crop year on the back of good monsoon rains. The target is 3.8 per cent higher compared to previous year’s output. As per the second advance estimate of the agriculture ministry, foodgrains production is estimated to …

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In a first, Pune’s GI-tagged figs exported to Germany

For the first time, fresh figs from Purandar taluka of Maharashtra’s Pune district with GI tags have been exported to Europe. The Purandar Highlands Farmers Producers Company (PHFPC) has managed to successfully export a consignment to Germany. The export was facilitated by the Maharashtra State Agriculture Marketing Board (MSAMB). Fresh figs from Purandar is highly …

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Erratic climate affects the crop: Alphonso mango output likely to be lower by 40%, prices soar

Erratic climatic conditions have affected the Alphonso mango crop this season. Unseasonal rainfall, coupled with extreme heat during the day, has damaged the crop, and the output is expected to be lower by 25-40%, observed industry players. As a result, arrival of mangoes at the Navi Mumbai Agricultural Produce Market Committee (APMC), which is usually …

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