eznews.in
Hyderabad-based V-Rich Natural Products Pvt Ltd is set to expand its farm-to-consumer model to Warangal and Vijayawada in Telangana, as well as Bengaluru and Mumbai, according to founder Yogita Jahanvi. The company, which currently delivers fresh, preservative-free products like milk and paneer locally, aims to increase its reach for longer shelf-life items such as ghee and jaggery. V-Rich has also begun exploring exports to the Middle East, receiving positive initial orders. Jahanvi's journey into the dairy sector began three years ago, driven by a quest for quality milk. The company emphasizes single-origin sourcing and fair compensation for farmers, ensuring strict quality control protocols. With plans to raise ₹7 crore in seed funding next year, V-Rich is focused on building a global brand rooted in quality, offering products made without additives and using traditional methods. 
Published: Jul 02 2025, 9 ameznews.inHeavy to very heavy rainfall is expected across Odisha, Chhattisgarh, parts of Gujarat, and East Rajasthan until Thursday, as the monsoon remains robust over northern India, according to the India Meteorological Department (IMD). On Wednesday, extremely heavy rainfall exceeding 20 cm is forecast for East Rajasthan and the ghat areas of Madhya Maharashtra, despite a weakening low-pressure system over south Jharkhand. The monsoon trough, currently south of its normal position, is anticipated to bring intense rainfall to Central and North-West India while leaving parts of North-East India and the southern peninsula relatively dry. A new low-pressure area is predicted to develop over Central India, potentially leading to flooding rains in East-Central India over the next ten days. Heavy rainfall is also expected in West India, particularly in Konkan, Goa, and parts of Maharashtra, with strong winds forecast across the South Peninsula.
Published: Jul 02 2025, 6 pmeznews.inIndia's coffee exports surged by 19% in value to approximately $616 million during the June quarter, despite an 18% drop in volume to 1.03 lakh tonnes, attributed to rising prices. Last year, the value of coffee shipments was $517 million. The Coffee Board's data indicates that the unit value realized increased significantly, reaching ₹5.07 lakh per tonne, a 49% rise from ₹3.39 lakh per tonne in the same period last year. Italy remained the largest buyer, importing around 33,823 tonnes, followed by Germany at 17,468 tonnes and Belgium at 15,615 tonnes. The first half of 2025 saw total coffee shipments valued at $1,166 million, a 26% increase from $924 million in 2024, while volumes fell to 2.06 lakh tonnes from 2.43 lakh tonnes. India, the seventh largest coffee producer, exports over two-thirds of its 3.6 lakh tonnes of annual production.
Published: Jul 02 2025, 6 pmeznews.inIn a press conference in Kochi, Arun Mammen, Chairman of the Automotive Tyre Manufacturers Association (ATMA), announced a 9% increase in India's tyre exports, reaching ₹25,051 crore in FY25, up from ₹23,073 crore the previous year. This growth is attributed to significant investments, robust manufacturing, and focused research and development, despite challenges such as trade policy uncertainties and global supply chain disruptions. Mammen highlighted that the tyre industry has invested approximately ₹27,000 crore in recent years, reflecting confidence in India's economic future. He noted that Indian tyres are exported to over 170 countries, with a strong presence in the US and Europe. However, the industry faces challenges, including reliance on imported natural rubber, which constitutes 40% of its requirements. To address this, ATMA has launched Project INROAD, aiming to cultivate 2 lakh hectares of rubber plantations with ₹1,100 crore in funding from member companies.
Published: Jul 02 2025, 5 pmeznews.inThe global avocado market has surpassed $20 billion, with exports projected to exceed 3 million tonnes by 2026-27, a significant increase from 1 million tonnes in 2012-13, according to Rabobank's ‘Global Avocado Update 2025’. This growth is largely attributed to Mexico, Peru, and Colombia, which together account for nearly two-thirds of exports. However, rising competition from new avocado-producing nations is pressuring profit margins. The US remains the largest importer, with strong demand expected to continue, although proposed tariffs could impact prices. Meanwhile, South American exports are anticipated to exceed 1 million tonnes, led by Peru, while Europe maintains robust demand despite price pressures from increased shipments. Australia and New Zealand are also set to boost production. Experts highlight the need for strategic marketing and consumer education to sustain growth and tap into emerging markets in Asia and beyond.
Published: Jul 02 2025, 5 pmeznews.inFreight loading for the South Central Railway (SCR) reached a record 37.41 million tonnes in the first quarter of the 2025-26 financial year, marking a 4% increase from 35.89 million tonnes in the same period last year. This surge was driven by heightened transport of coal, cement, and iron ore. Additionally, SCR reported gross originating revenue of ₹5,219 crore, a 1.2% rise from ₹5,156 crore in the previous year, with freight revenue contributing ₹3,457.33 crore and passenger revenue at ₹1,485.21 crore, up 2% from ₹1,455.15 crore. The zone has focused on diversifying its freight offerings and enhancing passenger services, operating 865 special train trips that served over 1.1 million passengers. General Manager Sandeep Mathur praised the team's efforts and urged continued excellence to sustain this momentum throughout the financial year.
Published: Jul 02 2025, 4 pmeznews.inIndia's consumption of key transport fuels—diesel, petrol, and jet fuel—experienced a decline in June 2025 following record highs in May, primarily due to early monsoon rains that affected mobility, particularly in the latter half of the month. According to the Petroleum Planning & Analysis Cell (PPAC), diesel consumption fell by 5.72% month-on-month to approximately 8.08 million tonnes, although it rose 1.24% year-on-year. Petrol usage dropped 6.88% to around 3.51 million tonnes, yet increased by 6.43% compared to the previous year. Aviation turbine fuel (ATF) saw a 5.55% month-on-month decline to 732,000 tonnes, but was up 3.54% year-on-year. Analysts noted that despite the dip, fuel consumption remained robust, driven by industrial activity, personal vehicle purchases, and pre-monsoon stocking. A report from the PHDCCI projected a 5.37% annual growth rate in demand for refined petroleum products in India through 2030, largely fueled by the manufacturing and transportation sectors.
Published: Jul 02 2025, 3 pmeznews.inIndia's palm oil imports surged to an 11-month high in June, reaching 953,000 metric tons, a 61% increase from the previous month, driven by lower domestic stocks and competitive pricing compared to soy and sunflower oils. This rise in imports is expected to alleviate stock levels in major producers Indonesia and Malaysia, while also supporting Malaysian palm oil futures. Sandeep Bajoria, CEO of Sunvin Group, noted that palm oil is now nearly $100 per ton cheaper than its rivals, contributing to its regained market share. In contrast, soyoil imports fell by 9% to 363,000 tons, while sunflower oil imports rose by 18% to 216,000 tons. Overall, India's total edible oil imports climbed 30% in June to 1.53 million tons, the highest since November. Analysts predict continued strong demand for palm oil in the coming months due to favorable pricing and increased production in key exporting countries.
Published: Jul 02 2025, 3 pmeznews.inIn a recent stock market update, the SENSEX closed at 83,256.57, down by 440.72 points, while the NIFTY fell by 138.40 points to settle at 25,403.40. In commodities, crude oil prices saw a slight increase of 4.00, reaching 5,619.00, while silver prices dropped by 309.00 to 105,638.00. Meanwhile, Adani Port and Special Economic Zone (APSEZ) reported a robust performance for the first quarter of the financial year 2025-26, with total cargo volumes hitting 120.6 million tonnes, an 11% year-on-year increase. The surge was primarily driven by a 19% rise in container volumes. In June alone, cargo volumes reached 41.3 million tonnes, marking a 12% growth, while logistics rail volumes also saw a 15% increase, totaling 179,479 TEUs. The company’s performance reflects a positive trend in the logistics sector amid fluctuating market conditions.
Published: Jul 02 2025, 2 pmeznews.inThe Indian government is set to initiate wheat sales under the Open Market Sales Scheme (OMSS) from August, with plans to auction 6-7 million tonnes by March 31, 2026, at a reserve price of ₹2,550 per quintal, excluding transport costs. The Food Corporation of India (FCI) will determine the quantity and timing of sales, ensuring that sufficient stocks are reserved for the Public Distribution System (PDS) and buffer norms. Currently, the government has procured 300.35 lakh tonnes of wheat, surpassing last year's figures, resulting in a total stock of over 365 lakh tonnes. Despite a bumper harvest, demand for OMSS wheat may be lower this year, as many flour millers have adequate supplies for the next few months. Additionally, the committee of secretaries has restricted sales to private millers for retail, allowing only cooperatives and NGOs to purchase wheat at the fixed rate.
Published: Jul 02 2025, 2 pmeznews.inGold prices have experienced a remarkable rally since 2019, with returns exceeding 30% in 2024 and 2025, but signs of "market fatigue" are emerging, according to Motilal Oswal Wealth Management (MOWM). The firm noted that the drivers behind the rally are now reflected in current prices, suggesting a potential end to the upward trend. BMI, a Fitch Solutions unit, echoed this sentiment, maintaining a 2025 gold price forecast of $3,100 per ounce while remaining neutral in the short term. JP Morgan Research predicts prices could rise to $3,675 by late 2025 and approach $4,000 by mid-2026, driven by recession fears and trade risks. Despite geopolitical tensions, gold prices have shown resilience, averaging $3,074 this year. Analysts suggest that fresh catalysts are needed for further price increases, with potential downside risks bringing prices closer to $3,000 in the near future.
Published: Jul 02 2025, 1 pm
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact