MUMBAI/NEW DELHI Domestic flights will resume across India on Monday after a day of "hard negotiations", the federal civil aviation minister said on Sunday, after some states sought to limit the number of flights.
MUMBAI/NEW DELHI Three large Indian states have sought to delay the planned opening of their airports on Monday as new cases of the novel coronavirus jumped by a record, complicating the federal government's plan to resume flights after a two-month lockdown.
BENGALURU/MUMBAI Physical gold demand picked up in top Asian hubs this week as economies gradually come out of coronavirus lockdowns and as investors continued to buy bullion as a hedge against a worsening economic backdrop.
MUMBAI India's rice exports could rise by as much as 15% in 2020/21 as buyers purchase lower-priced Indian supply to rebuild inventories after growers capped exports amid the coronavirius outbreak, two industry officials said on Friday.
MUMBAI/SINGAPORE Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said.
BENGALURU/MUMBAI Physical gold demand was tepid in most Asian centres this week with retail buying yet to see any significant recovery even as top hubs India and China eased some coronavirus-driven restrictions.
MUMBAI, May 15 Malaysia has contracted to import
a record 100,000 tonnes of rice from India for shipment this
month and next, four industry officials told Reuters, in a
further sign of improving trade relations between the countries
after a diplomatic spat.
MUMBAI/NEW DELHI India has suspended 39 licences to import 452,303 tonnes of refined palm oil after a surge in duty-free purchases from neighbours such as Nepal and Bangladesh which are not key producers, government and trade sources told Reuters.
BENGALURU/MUMBAI Physical gold demand improved in top hub China this week as buyers took advantage of hefty discounts, while activity remained muted in other hubs due to lockdowns and holidays. Dealers in China were selling gold at an average discount of about $30 an ounce versus benchmark spot prices, narrowing from last week's discounts of $48.
* India gold imports plunged 99.9% year-on-year in April