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Business Management

Why Indian tea exporters remain upbeat on Iran market despite disruptions

India’s tea exports to Iran have been attaining momentum considering that 2013. They broke all data in 2019 (January-December) to arrive at 53.45 million kg (mkg), with Iran replacing Russia as the biggest consumer of Indian tea.

Can India repeat this accomplishment in 2020? It can, say tea field sources, for valid motives.

The challenge, nonetheless, is imminent. Iran is devastated by the dual attack of the Covid-19 outbreak and a crude oil value war, which limitations usage likely. Export action has slowed down over the previous two months. Faster than afterwards, there could be a political upheaval in the

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Business News

Pineapple farmers upbeat over rising prices

Increasing costs of pineapple have introduced the hopes of steady returns for the farming neighborhood this harvest year immediately after two consecutive years of distress.

“Since January, we are obtaining superior costs with farm gate cost of GI-tagged Vazhakulam pineapple special quality fetching ₹29 for every kg and the ordinary environmentally friendly assortment ₹26. Ripe fruits command ₹30. Retail costs have also doubled from the farm gate stage,” Newborn John, president, Pineapple Growers Affiliation Keralam, explained to BusinessLine.

He attributed the northward cost motion to a fifteen for every cent fall in manufacturing from final year’s determine of four

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Business Unit

HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks

Caught in the midst of a lack-of-need-driven slowdown, use stocks have experienced a bumpy experience thus considerably in calendar year 2020 (CY2020). In the operate-up to the Union Spending budget for 2020-21, stocks this kind of as Avenue Supermarts, Bharti Airtel, Crompton Greaves Buyer Electricals, Relaxo Footwears, Dabur, and Hindustan Unilever (HUL) rallied between 7 and twenty per cent on hopes of a stimulus bundle to spur need.

Having said that, as the Spending budget dashed hopes of any rapid use revival, stocks, which include ITC, Page Industries, Marico, Zee Entertainment, and Britannia Industries corrected up to fourteen per cent

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