Crisil sees agro-chemical sector growing at 15-17% on strong demand
India continues to benefit from the China+1 strategy of global players and key molecules going off patent
Agro-chemical sector will grow at 15-17 per cent this fiscal after a stellar 23 per cent growth logged last fiscal, primarily driven by continued strong exports and stable domestic demand.
The revenue will further grow by 10-12 per cent next fiscal as India continues to benefit from the China+1 strategy of global players and key molecules going off patent, rating agency Crisil said.
Haryana’s HAFED to sell over 67,000 tonnes of wheat in open market via online platforms
This is the seventh attempt of HAFED to sell wheat
Haryana State Cooperative Supply and Marketing Federation (HAFED) has invited bids for sale of 67,363.62 tonnes wheat, procured by it commercially from Haryana and Madhya Pradesh in last harvesting season (April-June). This time it will be sold through online platforms.
In a notice on its website, HAFED has said online bidding/e-auction will be conducted through platform of NCDEX e Markets (‘NeML’), Star Agribazaar Technology (Agribazaar) and E- Tech Innovative Service Private Limited.
OMCs considering to hike purchase price of ethanol made from damaged grains
Petroleum Ministry to take a final call soon
The Petroleum Ministry may soon decide to revise the price of ethanol made out of damaged food grains.
Though the industry has been demanding higher rate for ethanol, the oil marketing companies (OMCs) are likely to revise it to ₹58.50/litre from the current ₹55.54, sources said.
The rate of ethanol derived from FCI’s rice has been fixed at ₹58.50/litre. The government has decided to sell surplus rice from FCI for ethanol manufacturing at ₹20/kg.
“Due to increased prices of rice in the open market, even the damaged grain prices have become costlier and also difficult to source. Many ethanol manufacturers, who were earlier getting from open market, have turned to FCI for the supply,” said an industry official.
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