The situation in Karnataka is not that worse and could be made up if it rains in the next few weeks. “Rains are just 9% deficient at 516 mm.
“The sowing area will go up further if rains intensify and Nagarjuna Sagar dam across Krishna river gets sufficient water,” said Venkat Rosaiah.
Startup Village was a pioneering effort in India when it was launched in 2012 as a public-private partnership incubator.
Spices traders in the spot market attribute the spurt in coriander prices despite a higher production to speculative activity in the market.
"An unusually long summer without rains has delayed the harvest, which is now likely only by the end of August or in September."
Normally harvest of small cardamom in Kerala, the principal growing region of the spice in the country, begin in July and the traders are able to meet the festival demand that start from August.
"The local demand is more for cashew brokens,” said G Sateesh Nair, managing director at India Food Exports, which sells the popular Delinuts.
Jawan Deluxe XXX Rum has resurrected the fortunes of the company saving it from the brink of closure after the sugar and distillery divisions folded up.
Tocom December futures jumped higher by 0.3 % to 153.9 yen per kg on Wednesday after the initial concern over Brexit waned.
Britain’s vote to exit the EU has made fuels cheaper but cooking oil, gold and silver have turned costlier in a volatile environment.
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