-Down to Earth Farmers in the state are not getting urea; if they are, it is at almost double the price Urea prices are skyrocketing in Chhattisgarh due to the government’s decisions these days. So bad is the situation that farmers are being forced to buy urea on the black market and then cultivate paddy at a higher cost and bear the losses. Due to this, farmers from Raipur, Mahasamund, Bilaspur and...
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India signs deals to export 5.5 lakh tonnes of wheat as Asian nations look for supplies -Subramani Ra Mancombu
-The Hindu Business Line Shipments may top 30 lt by June; consignments will include new crop Indian wheat exporters have signed deals to export at least 5.5 lakh tonnes (lt) over the next couple of months as nations in South Asia, South-East Asia and West Asia are looking to New Delhi to meet their requirements for food and feed in view of the Ukraine-Russia crisis. “We have demand for Indian wheat from March-April....
More »Crude Oil Prices Rise, Tracking Russia-Ukraine Conflict -Rahul Karunakar
-NDTV.com (with inputs from Agencies) Crude oil prices rose over 0.5% on Tuesday, as the Ukraine conflict drags on, albeit well below a seven-year high hit last week. Crude oil prices rose over 0.5% on Tuesday, as the Russia-Ukraine conflict drags on, albeit well below a seven-year high after Russia's invasion of Ukraine began last week, which is the most significant attack on a European country since World War Two. While global financial...
More »India to be one of Asia’s ‘biggest losers’ from the Ukraine war as Russia slammed by global sanctions -Paran Balakrishnan
-The Telegraph Recovery will stumble, inflation will rise, rupee could weaken further, say economists New Delhi: India abstained on the US-sponsored UN Security Council “deploring” Russia’s invasion of Ukraine. But we definitely won’t be able to stay on the sidelines when it comes to facing the economic consequences of the war, the most serious conflict in Europe since the second world war. India’s not a part of organisations like Nato whose members like...
More »Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede -Subramani Ra Mancombu
-The Hindu Business Line Indian farmers gain as local wheat, maize, soyabean and mustard prices rise Prices of agricultural commodities, particularly wheat, maize, soyabean and palm oil, dropped significantly in the global market during the weekend, after having surged on February 24 when Russia ordered its troops into Ukraine. The rates of most of these commodities dropped by over five per cent as members of the North Atlantic Treaty Organization (NATO) led by...
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