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2) The Indian authorities could enable full freedom to sugar mills to resolve the quantity of sugarcane they need to divert for ethanol earlier than the graduation of the brand new season in October. The mills may base their determination on the value of the biofuel, which is more likely to be introduced earlier than November.
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3) The realm underneath paddy has elevated by 5.6 per cent to 369.05 lakh hectares (lh) as of August 16 throughout the ongoing kharif season. It has taken the general protection underneath all kharif crops to 1,031.56 lh – up 2 per cent from a yr in the past, the Ministry of Agriculture and Farmers’ Welfare has stated.
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4) After surging to a document excessive of ₹255 for RSS-4 within the earlier weeks, pure rubber costs moved south to achieve ₹235. Latex costs have additionally come right down to ₹210 from ₹250. Rubber sellers cited elevated home arrivals, coupled with a big amount of imports as the rationale for the costs to drop, stories Sajeev Kumar V.
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5) The Australian Bureau of Meteorology (BoM) predicts that impartial El Nino-Southern Oscillation (ENSO) circumstances will proceed until the tip of the spring within the southern hemisphere (September 22-December 23). This nearly guidelines out the La Nina climate occasion, which leads to Asia getting heavy rain and floods throughout the southern spring.
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6) Over 400 natural rice containers have been detained by the Directorate of Income Intelligence (DRI) personnel in JNPT, Mundra and Kandla ports following businessline’s report of alleged irregularities within the shipments. Commerce sources stated non-organic white (uncooked) and parboiled (boiled) rice have been exported within the guise of natural rice.
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