Commodities News
India may overtake China in rubber consumption
If weather improves between October and January, which is the peak tapping season for rubber, India can match its production target of 8.67 lakh tonnes in 2009-10, Mr Toms Joseph, Scientist, Planning Division of the Rubber Board, said. However, the present indication shows a 13.3 per cent drop in production between April-August 2009, according to [...]
Plantation commodities export may increase 15%
The global drop in production of plantation commodities should help India. The Exim Bank Chairman and Managing Director, Mr T C Venkatsubramanian, expects a 15 per cent increase in exports during the current fiscal. Mr Venkatsubramanian said export of plantation commodities during 2008-09 was $1.9 billion. “It should increase by 15 per cent this year. [...]
Centre may abolish rice import duty till September 2010
The government is expected to to put an end to import duty on rice to increase supply in the domestic market, after drought in about half the country stoked fears of a fall in production of the food grain. According to sources, the empowered Group of Ministers (eGoM) on food in a meeting last month [...]
Gas demand from power and fertiliser plants to grew 28pc in 3 yrs
The government on Thursday said that the demand for gas from power and fertiliser plants will grew by 28 per cent to 202.83 million cubic meters per day in three years. The demand from power plants will rise to 126.57 mmscmd by 2011-12 from 102.7 mmscmd during the current year and the same from fertiliser [...]
Cane output may fall 17 million tonnes below demand by 2012
The sugarcane production of India is likely to decline by 17 million tonnes below the projected demand for the end of ongoing Five Year Plan 2007-2012, said Minister of State for Commerce and Industry, Jyotiraditya Scindia citing the Planning Commission report. The country is estimated to produce 305.51 million tonnes of cane during 2011-12 as [...]
Pulses get costlier, especially in the metros
The consumers are unhappy due to the increase of retail prices of all pulses in Delhi, Mumbai, Kolkata and Chennai. Ministry of Consumer Affairs stated that the prices of tur have increased in the metros. While, the price of gram dal has risen in Delhi and Kolkata, it has declined in Mumbai. Similarly, Moong (green [...]