NEW DELHI/MUMBAI India has put on hold a proposal to reduce import duties on edible oils as cooking oil prices started to fall in the world market after hitting record highs, two government and one industry officials told Reuters.
NEW DELHI India, the world's top importer of vegetable oil, will have to spend billions of extra dollars this year to buy more costly cooking oil from overseas and is mulling cutting taxes on those imports to soften the blow to the economy, industry officials have said.
MUMBAI India's annual monsoon rains have covered two-third of the country, nearly a fortnight ahead of the normal schedule, a weather department official said on Monday, adding that conditions are favourable for further advancement into the north-western parts this week.
Physical gold demand crept up this week in top hubs India and China though dealers were still forced to offer discounts, while businesses limped back to life in India as some COVID-19 restrictions were eased.
MUMBAI India has raised the price at which it will buy new-season common rice varieties from local farmers by 3.9%, the agriculture minister said, as New Delhi tries to please farmers that have been protesting over three new agricultural laws.
* Indian corn quoted below $300/T versus LatAm corn at
SINGAPORE/MUMBAI India has stepped up corn exports as a rally in global prices to their highest since 2013 has made shipments from the South Asian country competitive, easing concerns about rising food inflation in Southeast Asia.
NEW DELHI/SATARA, India Urban Indians are getting COVID-19 shots much faster than the hundreds of millions of people living in the countryside, government data shows, reflecting rising inequity in the nation's immunisation drive. | Video
Indian gold dealers offered the biggest discounts in 8-1/2 months this week as COVID-19-related restrictions stifled consumption, while top consumer China flipped to a discount for the first time since late January.
NEW DELHI/SATARA, India, June 4 Urban Indians
are getting COVID-19 shots much faster than the hundreds of
millions of people living in the countryside, government data
shows, reflecting rising inequity in the nation's immunisation