Search Result for : Prices

PTI Rubbishing rumours of shortage of salt in the country, the Union government today said there has been no increase in prices of the commodity which is being sold at Rs 14-15 per kg in retail markets. "This is rubbish. There is no truth in this rumour. There is no shortage of salt in the country. On an average, salt prices are ruling at Rs 14-15 per kg same at last year's level. There has not been increase in prices," Food Minister Ram Vilas Paswan told PTI. Uncessary panic is being spread that salt is being sold at Rs 200 per kg. "Those who have sold at Rs 200, the UP government should take action and arrest them," he said. If ...

The Dollar Business Bureau India may need to import more than 10 million metric tonnes (MMT) of pulses to meet the domestic consumption demand during the current financial year as the production is expected to go down due to shortage of rain, an industry body has said. “Considering deficit in rainfall for 2015-16, it is expected that the production of pulses for the year would decrease slightly to 17 MMT against 17.2 MMT recorded in 2014-15,” said the Associated Chamber of Commerce and Industry (ASSOCHAM) in its study. The five major pulse producing states—Maharashtra, Karnataka, Rajasthan, Madhya Pradesh and Uttar Pradesh— contributes around 70% of the country's total Kharif pulse production. But all these states witnessed shortage or rain fall ...

PIB, Government of India Inter Ministerial Committee on prices and availability of essential food items chaired by Secretary, Department of Consumer Affairs reviewed prices and availability of pulses and onions in New Delhi on Monday. Regarding tur dal, Kendriya Bhandar informed that all arrangements have been made to make imported dal available on its outlets in Delhi from October 15. Safal will also sell the dal through its outlets by this weekend. Imported dal is also being allocated to other states as per their requests received. Allocations to Andhra Pradesh and Tamil Nadu have been made. The committee was also informed that a bid to import further 2,000MT of tur has been floated by MMTC. It will open on October 16. ...

Source: PIB, Government of India The second meeting of the inter-ministerial committee on prices and availability of essential food items was held in New Delhi on Monday. The committee reviewed the current status of the arrival of imported pulses and onion. On pulses, MMTC appraised that 2500 MT of the imported Tur will arrive in three tranches at Chennai port and similar quantity of around 2500 MT of Tur will arrive at JNPT in four tranches beginning from September 23. The entire consignment of 5,000 MT of Tur would be received at the two ports by October 20, 2015. To further improve the availability, import of additional 5,000 MT of Tur has also been approved. MMTC has already floated a tender ...

The Dollar Business Bureau In an effort to push sugar exports, the government has softened the norms that required exporters to obtain registration certificate on quantity before shipment. “The requirement of registration of quantity with DGFT for export of sugar has been dispensed with,” the Directorate General of Foreign Trade (DGFT) said in a notification issued on Monday. Earlier, exporters need to get registration certificate issued from DGFT before supplying the sweetener to overseas buyers. The DGFT used to issue the certificate for up to 50,000 tonnes of export. The move is seen as part of measures taken by the government to sell its stockpile of surplus sugar. Traders say that the decision will help expedite the outbound shipments as they ...

The Dollar Business Bureau The government has issued a tender to import around 5,000 tonnes of pigeon peas from September. The move is aimed at checking the rising prices of pulse and bridging the demand-supply gap in the domestic market. In order to check inflation and ensure adequate supply of pulses in the country, the government has asked MMTC and other trading agencies to buy pulses from abroad, according to reports. The MMTC has already invited bids for the supply of 5,000 tonnes of pigeon peas and the quantity can be increased further, the report said. Importers of pigeon peas from Myanmar, Malawi or Mozambique can send their bids by July 10 and a shipment of 2,500 tonnes each must reach Mumbai ...

 The Dollar Business Bureau Increasing crude oil prices in the international market has led to an increased risk of volatility in energy prices. With Indian basket of crude oil rising by 11% in rupee terms in the last 8-9 days, volatility in energy prices has re-surfaced as the biggest worry for the Indian industry and policy makers, according to an The Associated Chambers of Commerce of India (ASSOCHAM) report. In rupee terms, prices for the Indian crude basket have shot up by 11% from Rs 3789.86 to Rs 4203.94 per barrel between May 1 and May 7. In dollar terms, the prices have gone up by more than 9% from US$ 60.30 l to US$ 65.81 per barrel. “The ...