Tea prices lose steam as arrivals rise

The increase in future offerings in Kochi auctions has hit tea charges, major to a subdued need from Kerala buyers.

This has introduced down the charges and the industry for find finest teas in sale 19 was decreased by ₹2-five a kg. The remainder depreciated by ₹5-ten and occasionally more. It also witnessed whole lot of withdrawals, the auctioneers Forbes, Ewart & Figgis stated.

Even so, trade circles attributed the subdued acquiring of Kerala Condition Civil Materials Company (Supplyco) in the final two trade periods for dragging down the charges. It is pointed out that the Condition-owned organization was active

Read More

Production loss may push up tea prices

The reduction in generation of initially flush teas on account of the countrywide lockdown and the around depletion of last year’s inventory are probably to thrust up tea prices in North India. Prices could rule bigger by all-around ₹15-twenty a kg at the time the auction resumes.

The auction centres in South India, which opened last 7 days, saw the prices of minimal-stop teas firming up by just about ₹10-15 a kg. Auctions in North India will resume next 7 days and will principally market last time (November-December) teas. The initially flush tea developed in March will start off coming

Read More

U.S. Consumer Prices Tumble 0.4% in March

U.S. consumer prices fell by the most in more than five years in March as the coronavirus pandemic pummeled demand, fueling concerns that the economy is heading toward deflation.

The Labor Department reported Friday that the consumer price index dropped 0.4% last month amid a sharp decline in the cost of gasoline and record decreases in hotel accommodation, apparel and airline ticket prices.

The decline in the CPI was the largest since January 2015 and was slightly below economists’ estimates of a 0.3% slide. Prices had gone up 0.1% in February before the coronavirus crisis escalated.

In the 12 months

Read More

Covid fears hit demand for livestock feed, crashed prices: Anmol Feeds

The Indian livestock feed market, which is majorly dependent on the demand from poultry business, is headed for fairly tricky periods for atleast the following three months, as demand stays lukewarm and very poor liquidity is very likely to affect farmers’ capacity to fulfil payment obligations.

According to Amit Saraogi, Taking care of Director, Anmol Feeds, the domestic livestock feed market, which includes cattle, poultry and fish feed among some others, is believed to be shut to ₹2.five lakh crore. Poultry accounts for almost thirty-35 per cent (roughly ₹87,five hundred crore) of the complete animal feed market in India.


Read More

Global oil prices fall to 2002 low; petrol, diesel rates unchanged in India

Intercontinental oil price ranges on Monday plunged to a seventeen-yr low but retail petrol and diesel price ranges in India remained on freeze as oil businesses ongoing to established off gains towards the excise duty hiked by the authorities.

Brent crude futures dropped to all around USD 23 for each barrel – the lowest due to the fact November 2002, while US crude briefly dipped below USD 20 as coronavirus lockdowns dried up demand from customers while the crude surplus ballooned.

Petrol and diesel price ranges in India, even so, remained on freeze for the 14th day in a row.

Read More