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  • Green chilli exports to Saudi Arabia to begin next week | The Financial Express
    to farms APEDA and MSAMB had made special efforts towards ensuring the ban is lifted he said Maharashtra is one of the largest exporters of green chillies Of the 40 000 tonnes of exports around 30 000 tonnes comes from Maharashtra he added The Arab nation had imported 3 045 tonne of Indian green chilli valued at 2 33 million in 2013 14 Thereafter the volume of shipments began declining Saudi Arabia s phytosanitary authority had set quality specification of European standard for allowing import of green chilli from India India exports green chillies to UAE Qatar and UK Of the Rs 140 crore business in green chillies around Rs 15 crore comes from Saudi Arabia he said More than the volume of business such bans usually send out negative sentiments in international markets and therefore lifting of such bans is important he said APEDA has advised exporters to follow the strict guidelines set by Saudi Arabia to start exports of green chilli Data collated by Apeda showed a 31 per cent decline in exports of green chilli from India in the financial year 2014 15 at 32 138 19 tonnes as compared to 46 540 15 tonnes in the previous year Despite such a steep decline in volume terms shipments in value term recorded only a marginal decline at 22 23 million in 2014 15 as against 22 96 million in the previous year In 2012 13 however India s green chilli exports were recorded at 35 991 97 tonnes worth 16 82 million With 1 266 69 tonnes worth 0 85 million Saudi Arabia slipped to the fourth position in terms of green chilli exports from India in 2014 15 only after the UAE 19 561 56 tonnes worth 13 73 million UK 2 244 02 tonnes 2 63 million and Qatar 2 344 89 tonnes worth 1 57 million First Published on February 4 2016 12 04 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra

    Original URL path: http://www.financialexpress.com/article/markets/commodities/green-chilli-exports-to-saudi-arabia-to-begin-next-week/206788/ (2016-02-08)
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  • Agriculture, processed food exports shrink 21per cent in April-December | The Financial Express
    that Basmati which was the top agri exportable item till FY14 have seen a decline in realisation by 14 in the first three quarters of the current fiscal in comparison with last fiscal However the volume of exports has been more in comparison with last fiscal The official said that the decline in agricultural commodities shipments also reflect an overall decline in the exports of other commodities The realisation from the shipments of key agricultural commodities Basmati rice 14 non Basmati rice 26 buffalo meat 10 and Guargum 65 have declined in the first three quarters of the current fiscal in comparison with the same period last fiscal According to the ministry official average realisation from Basmati rice exports has fallen from 1 312 per tonne in FY15 to around 885 a tonne in the current fiscal Even in the case of non Basmati rice the realisation has fallen to 364 a tonne in the April December 2015 period from 409 per tonne in the last fiscal The shipment of buffalo meat the single largest export item from the agricultural sector in the FY15 has also declined by more than 10 to Rs 20 624 crore in April December 2015 In the case of fresh fruits and vegetables the export realisation in the three quarters of the current year have increased marginally by 2 6 to Rs 5 603 crore in comparison to last fiscal The realisation from Guargum mostly used in US based oil exploration companies has shrunk by more than 65 to Rs 2 700 crore in the current fiscal Meanwhile the agricultural and processed food exports development authority Apeda has identified 20 odd clusters located across the country for sustaining growth in the exports of food products These clusters include those for basmati Haryana and Punjab buffalo meat western Uttar Pradesh grape and wine Nashik region Maharashtra pomegranate Satara and Pune regions of Maharashtra dehydrated onions and garlic Gujarat poultry or egg Namakkal Tamil Nadu and mango pulp Uttar Pradesh and Maharashtra First Published on February 3 2016 2 16 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A

    Original URL path: http://www.financialexpress.com/article/markets/commodities/agriculture-processed-food-exports-shrink-21per-cent-in-april-december/206237/ (2016-02-08)
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  • No nod for Rs 500 crore rubber fund yet: Nirmala Sitharaman | The Financial Express
    on without further parleys she said Meanwhile UPASI United Planters Association of South India is pretty worried about the number of farmers quitting rubber cultivation Production during April December 2015 was as low as 4 28 lakh tonne as compared to 5 10 lakh tonne during the corresponding period a year earlier What is apprehensive is that the imports touched a figure of 3 27 lakh tonne during April December 2015 accounting for 76 of the production and 44 of consumption of natural rubber says N Dharmarajan president UPASI In 2010 11 the revenue ploughed up from rubber was Rs 14 643 crore But due to continuous fall in prices latex could fetch only Rs 6 731 crore in 2014 15 in Kerala It would be tough to say how long the rubber cultivation can survive without quick policy intervention Siby Monipally general secretary IRGA Indian Rubber Growers Association told FE First Published on February 3 2016 12 49 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box

    Original URL path: http://www.financialexpress.com/article/markets/commodities/no-nod-for-rs-500-crore-rubber-fund-yet-nirmala-sitharaman/206239/ (2016-02-08)
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  • Maharashtra sugar mills to supply 33 crore litres of ethanol to oil marketing companies | The Financial Express
    that this time mills have been active on the ethanol front Ethanol rates have been fixed at Rs 47 6 per litre and after taxes mills should get at least Rs 45 per litre he said In the first tender which was floated in September 2015 some 2 64 crore litres of ethanol was contracted from Maharashtra In October some 24 66 crore litres was Maharashtra s share of the national supply Maharashtra contributes 50 of the country s ethanol requirements Last season OMCs had floated a expression of interest EoI with a demand for 21 crore litres of ethanol from Maharashtra However then it was distilleries in the state that supplied the required ethanol since the cane crushing season had almost come to an en This time however the mills have been active in participating in the ethanol programme he said The funds coming from ethanol should leave more finances in hand for mills to make farmer payments In September last year the food department had asked Uttar Pradesh the country s biggest producer of cane and ethanol to supply 56 crore litres of ethanol a year UP however has the capacity to produce only 35 crore litres of ethanol annually Similarly Maharashtra has been asked to supply 53 crore litres and Karnataka 25 crore litres of ethanol a year whereas their capacities to produce this bio fuel stand at 20 crore litres and 23 crore litres respectively Currently while the country has the capacity to produce 224 crore litres of ethanol a year OMCs have floated expression of interests seeking supplies of 266 crore litres for implementing the 10 blending plan across the country Last year OMCs had sought 155 95 crore litres of ethanol from sugar mills in 2014 15 This year OMCs have sought some 262 crore litres Maharashtra has 68 ethanol manufacturing plants with a total production capacity of 72 crore litres According to recent Union petroleum ministry data in 2015 UP produced 56 crore litres of ethanol against Maharashtra s 52 crore litres The two states together accounted for nearly 67 of country s total ethanol production of around 161 crore litres a year First Published on February 3 2016 12 27 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top

    Original URL path: http://www.financialexpress.com/article/markets/commodities/maharashtra-sugar-mills-to-supply-33-crore-litres-of-ethanol-to-oil-marketing-companies/206236/ (2016-02-08)
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  • Gold firms up to 3-month high amid wedding season buying | The Financial Express
    9 and 99 5 per cent purity rose further by Rs 115 each to Rs 27 300 and Rs 27 150 per ten grams respectively a level last seen on October 21 last year The precious metal had gained Rs 135 in the previous two days Sovereign also edged up by Rs 50 at Rs 22 550 per piece of eight grams On the other hand silver ready fell by Rs 60 to Rs 34 870 per kg while weekly based delivery inched up by Rs 15 to Rs 34 735 per kg Silver coins however continued to be traded at last level of Rs 50 000 for buying and Rs 51 000 for selling of 100 pieces First Published on February 2 2016 3 25 pm Tags Gold Please Wait while comments are loading More on this story An inflection point in gold likely this year Gold futures remain up on global cues spot demand Gold gains more on global cues silver strengthens Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections

    Original URL path: http://www.financialexpress.com/article/markets/commodities/gold-firms-up-to-3-month-high-amid-wedding-season-buying/205809/ (2016-02-08)
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  • Gold hits 3-month top on shaky global economy | The Financial Express
    closely monitor the global economy and financial markets lifted gold to near 1 130 as it underlined expectations that U S policymakers may take it slowly in raising interest rates this year Reflecting growing confidence in gold holdings of SPDR Gold Trust the world s largest gold backed exchange traded fund rose to 21 9 million ounces on Monday the most since Nov 3 For the top stories on metals and other news click or MARKET NEWS Asian shares wobbled as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about global momentum The yen remained in the doldrums while the Australian dollar held firm as investors bet the Reserve Bank of Australia will resist the recent trend for surprise policy easings First Published on February 2 2016 8 59 am Tags Gold Please Wait while comments are loading More on this story An inflection point in gold likely this year Gold futures remain up on global cues spot demand Gold gains more on global cues silver strengthens Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10

    Original URL path: http://www.financialexpress.com/article/markets/commodities/gold-hits-3-month-top-on-shaky-global-economy/205600/ (2016-02-08)
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  • Oil prices fall on China economic woes, rising OPEC supply | The Financial Express
    OPEC and Russia on production cuts he said Russian Energy Minister Alexander Novak and Venezuelan Oil Minister Eulogio Del Pino discussed the possibility of holding joint consultations between OPEC and non OPEC countries in the near future the Russian Energy Ministry said on Monday But Goldman Sachs said it was highly unlikely OPEC producers would co operate with Russia to cut oil output while also being self defeating as stronger prices would bring previously shelved production back onto the market Crude prices fell after China s purchasing managers index dropped to a three year low in January coupled with rising oil supplies ANZ said in a note on Tuesday Rising supply also suggests further downside risk to short term prices Output from OPEC rose to 33 1 million barrels per day last month as Indonesia s membership to the group was reactivated the note added Investors are waiting on a slew of economic data including U S non farm payroll and unemployment figures and producer prices from the Eurozone to give oil markets further direction Le Brun added That came as U S commercial crude oil inventories likely rose by 4 7 million barrels last week to a new record high of 499 6 million barrels a preliminary Reuters survey taken ahead of industry and official data showed on Monday Gasoline stocks likely rose 1 3 million barrels last week while distillate inventories which include heating oil and diesel fuel were seen falling 1 7 million barrels The Reuters poll was taken ahead of weekly inventory reports from industry group the American Petroleum Institute API due out later on Tuesday and the U S Department of Energy s Energy Information Administration EIA due for release on Wednesday Elsewhere production from Iraq s southern oil fields dropped to an average of 3 9 million barrels per day bpd in January from a record 4 13 million bpd the previous month the oil ministry said on Monday First Published on February 2 2016 8 57 am Tags Crude Oil Please Wait while comments are loading More on this story Cairn India wants govt to reduce oil cess before Budget Oil up in Asia analysts temper hopes on Russia OPEC talks Oil extends rise on hopes of supply cuts to tackle glut Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates

    Original URL path: http://www.financialexpress.com/article/markets/commodities/oil-falls-on-china-economic-woes-rising-opec-supply/205599/ (2016-02-08)
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  • FCI to link godowns via online network by fiscal end | The Financial Express
    system work will be completed in the rest of the 1 288 godowns hired by FCI from Central Warehousing Corporation state warehousing corporations etc only by the end of next fiscal The total cost of putting all the 1 842 depots online would be around R200 crore The software and hardware of the online system had been developed by a private player Ricoh India which was selected through a bidding process The existing system of manual upgradation of grain stocks data in the various depots and on the transit would be done away with and through online tracking of stocks at the various depots the movement of transport trucks would be also monitored the official said Automation of the entire process from entry and exit of foodgrains at FCI depots would curb theft and diversion At present in the most of the depots there is computerisation to some extent through which fortnightly grain stock positions are generated However all other operations from loading to unloading of foodgrains is carried out manually The high level committee on FCI restructuring chaired by former food minister Shanta Kumar last year had recommended end to end computerisation of the entire food management system starting from procurement from farmers to stocking movement and finally distribution through the Targeted Public Distribution System FCI handles around 55 60 million tonne MT of foodgrains mostly consisting of rice and wheat annually Food minister Ram Vilas Paswan recently stated that that depot online project is a part of an overall vision of the government to transform the food distribution supply chain in the country It would facilitate process automation standardisation and efficiency of the management of foodgrain distribution and would enable real time monitoring of operations and timely data reporting First Published on February 2 2016 12 20 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan

    Original URL path: http://www.financialexpress.com/article/markets/commodities/fci-to-link-godowns-via-online-network-by-fiscal-end/205497/ (2016-02-08)
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