1. Hindustan Coca-Cola Beverages (HCCB) will no longer build a Rs. 500 crore ($80m) bottling plant in Tamil Nadu, India citing ‘inordinate delays’ in the government system, but activists from the India Resource Centre (IRC) have claimed victory for a campaign on water shortage fears.
2. With drought in Kenya likely to drag tea the African nation's output from a record 444.8 million kilogram (mkg) last year, tea exporters in India – the world’s fourth-largest exporter – are looking forward to a better fiscal despite the Centre’s decision to reduce export incentives under the new Foreign Trade Policy.
3. The cooperative body IFFCO, will pay up to Rs 25,000 per farmer (total of Rs.10 Crore) within the next three months, depending on the damages.
4. Increased export enquiries for virgin coconut oil, especially from the US and Canada, have revived some hopes among the coconut oil traders.Sources in the market said that a leading company has recently received an export order for 30,000 tonnes from Canada.
5. Indian farmers may have to shell out more for potash price this year following pressure from global sellers. This could add to their worries as they already face prospects of a below normal monsoon.After securing a price increase of $10 per tonne (or around 3 per cent) from Chinese customers this year, exporters from Canada and Russia are insisting that Indian buyers take a similar price increase.
2. With drought in Kenya likely to drag tea the African nation's output from a record 444.8 million kilogram (mkg) last year, tea exporters in India – the world’s fourth-largest exporter – are looking forward to a better fiscal despite the Centre’s decision to reduce export incentives under the new Foreign Trade Policy.
3. The cooperative body IFFCO, will pay up to Rs 25,000 per farmer (total of Rs.10 Crore) within the next three months, depending on the damages.
4. Increased export enquiries for virgin coconut oil, especially from the US and Canada, have revived some hopes among the coconut oil traders.Sources in the market said that a leading company has recently received an export order for 30,000 tonnes from Canada.
5. Indian farmers may have to shell out more for potash price this year following pressure from global sellers. This could add to their worries as they already face prospects of a below normal monsoon.After securing a price increase of $10 per tonne (or around 3 per cent) from Chinese customers this year, exporters from Canada and Russia are insisting that Indian buyers take a similar price increase.
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