Latest News

How does the Iran war affect fertiliser supplies, prices and food security?

LONDON, March 16 (Reuters) – As the U.S.-Israel war with Iran enters its third week, analysts warn it is severely disrupting fertiliser markets and endangering food security for developing countries in the near term. Here is how the conflict is affecting fertiliser costs, trade flows and output: WHY IS THE HORMUZ STRAIT KEY FOR ​FERTILISER SUPPLY? Fertiliser production is energy-intensive, relying heavily on natural gas as a feedstock, with energy making up as much as 70% of ‌production costs. As a result, much of the world’s fertiliser is made in the Middle East, with one-third of global trade in it

India denies discussing release of tankers with Iran for Hormuz passage

NEW DELHI, March 17 (Reuters) – India on Tuesday denied holding talks with Iran about releasing three tankers seized in February in exchange for ensuring safe passage for ​Indian ships through the Strait of Hormuz. Indian authorities seized the three ‌Iran-linked ships near Indian waters alleging they had concealed or altered their identities and were involved in illegal ship-to-ship transfers at sea. Reuters reported on Monday, citing sources, that Iran had asked India to ​release the U.S.-sanctioned ships as part of talks seeking the safe passage of ​Indian-flagged or India-bound vessels out of the Gulf via the Strait. Traffic ⁠has

Silver jumps Rs 6,000, gold rebounds Rs 1,050 on safe-haven demand

New Delhi, Mar 17 (PTI) Precious metal prices rebounded by up to 2 per cent, with silver gaining by Rs 6,000 to Rs 2.62 lakh per kilogram, and gold rose to Rs 1.61 lakh per 10 grams in the national capital on Tuesday, according to the All India Sarafa Association. The white metal increased by Rs 6,000, or 2.34 per cent, to Rs 2,62,500 per kg (inclusive of all taxes). Gold of 99.9 per cent purity in the bullion market also snapped its three-day losing streak, rising by Rs 1,050, or nearly 1 per cent, to Rs 1,61,300 per 10

Rupee falls 12 paise to settle at record low of 92.40 against US dollar

Mumbai, Mar 17 (PTI) The rupee declined 12 paise to settle at an all-time low of 92.40 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve’s interest rate decision, forex traders said. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at

1 … 191 192 193 194 195 … 1,409