MUMBAI India is set to grow soybeans on more land in the 2019 crop year as higher prices for the oilseed push some farmers to switch from cultivating competing commodities such as cotton and pulses, an industry official and dealers told Reuters.
MUMBAI/BENGALURU Gold was sold at a discount this week in India for the first time in 2-1/2 months as higher prices deterred jewellers and retail buyers, while currency fluctuations and economic worries triggered caution amongst buyers in other Asian hubs.
MUMBAI/BENGALURU, May 10 Gold demand jumped this
week in India due to increased retail purchases for a key
festival and weddings on price corrections, while premiums in
China eased as buying slowed in the world's top consumer.
MUMBAI Indians could buy at least 10 percent more gold during the annual Hindu and Jain holy festival of Akshaya Tritiya than a year ago, industry officials said, as a dip in prices prompted consumers to increase purchases.
ZADSHI VILLAGE, India, May 3 Three years ago,
brick mason Pundlik Bhandekar was always busy as farmers in his
tiny hamlet in western India commissioned new houses and nearby
towns were undergoing rapid urbanisation. Now, as the rural
economy sinks and the pace of construction slows, Bhandekar is
struggling to get work.
ZADSHI VILLAGE, India Three years ago, brick mason Pundlik Bhandekar was always busy as farmers in his tiny hamlet in Maharashtra commissioned new houses and nearby towns were undergoing rapid urbanisation. Now, as the rural economy sinks and the pace of construction slows, Bhandekar is struggling to get work.
MUMBAI India's sugar production could rise 1.5 percent in 2018/19 to a record 33 million tonnes, increasing inventories in the world's second-biggest producer and putting pressure on local prices, a producers' body said on Friday.
MUMBAI/BENGALURU Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.
MUMBAI India's buffalo meat exports fell 8.7 percent in 2018/19 from a year ago to the lowest level in six years, a government body said on Thursday, as demand moderated from the country's biggest buyer China.
MUMBAI India's gold demand is expected to rise in the June quarter from a year ago due to a higher number of auspicious days for weddings and a fall in local prices ahead of a key festival, the World Gold Council said on Thursday.