The government is reportedly close to approving a genetically modified hybrid variety of mustard, the Solvent Extractors’ Association said. In a letter addressing members of the association, Sanjeev Asthana, president of SEA, said approval of the genetically modified variety could mark a significant milestone in India’s agri-biotechnology.
The proposal follows extensive biosafety assessments and field trials and is expected to focus on traits such as higher yields, improved disease tolerance, and better oil recovery, Asthana said. If the proposal is cleared, genetically modified mustard coul

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Demand for gold remains resilient in India with investment demand likely to be the key driver in the coming months, according to Kavita Chacko, research head, India, at the World Gold Council. Festival and wedding related purchases could lend incremental support to demand for gold jewellery, Chacko said.
Market feedback and interactions with trade participants indicate that the domestic gold demand environment remains resilient, though measured," Chacko said. Surging gold prices have tempered purchase volumes of gold jewellery and average ticket sizes as consumers adhere to fixed budgets and

India's gross exports of gems and jewellery fell nearly 5% on year to $1.89 billion in December and gross imports were up around 4% on year at $1.65 billion, according to data from the Gem and Jewellery Export Promotion Council. The country's gross gems and jewellery exports during Apr-Dec fell 0.4% to $20.75 billion, while imports rose nearly 7% to $15.47 billion.
Overall exports of cut and polished diamonds rose nearly 3% on year to $794.93 million in December and imports rose around 85% on year to $168.65 million. In Apr-Dec, exports of cut and polished diamonds fell nearly 8% on year to

Futures contracts of gold and silver hit a fresh all-time high on the Multi Commodity Exchange on Wednesday for the third consecutive day. Prices of the gold contract on COMEX also hit record highs. Prices of the precious metals soared on the back of safe-haven demand as tensions between the US and the European Union showed no signs of dissipation. Multiple European countries reacted negatively to US President Donald Trump’s consistent push for acquiring Greenland, which persisted after his threat over the weekend.
The European Parliament is planning to suspend approval of the US trade deal

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India and the United Arab Emirates look to double their bilateral trade to $200 billion by 2032 by enhancing cooperation in newer areas and facilitating easy payments, Foreign Secretary Vikram Misri said here Monday on the conclusion of the visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan.
Prime Minister Narendra Modi and Sheikh Mohamed bin Zayed Al Nahyan reviewed the bilateral cooperation and endorsed the outcomes of the 13th meeting of the high-level task force on investments held in September. They agreed to work to connect micro, small, and medium enterprises in both countries.

The area sown under rabi crops across India was 65.2 million hectares as of Friday, up 3.3% from 63.1 million hectares a year ago, according to a release from the agriculture ministry Monday. The acreage under wheat was up nearly 2% at 33.4 million hectares compared with 32.8 million hectares in the corresponding period a year ago. Wheat, the biggest rabi crop, is grown only in the rabi season in India.
The acreage under paddy was 2.6 million hectares as of Friday, an increase of 22% from 2.1 million hectares last year. The area under coarse cereals, promoted as "Shri Anna" by the government

India and the United Arab Emirates look to double their bilateral trade to $200 billion by 2032 by enhancing cooperation in newer areas and facilitating easy payments, Foreign Secretary Vikram Misri said here Monday on the conclusion of the visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan.
Prime Minister Narendra Modi and Sheikh Mohamed bin Zayed Al Nahyan reviewed the bilateral cooperation and endorsed the outcomes of the 13th meeting of the high-level task force on investments held in September. They agreed to work to connect micro, small, and medium enterprises in both countries.

Futures contracts of gold and silver on the Multi Commodity Exchange of India rose to fresh all-time highs on Tuesday, while silver contracts on the COMEX also touched a record. Prices rose due to tensions between the US and the European Union, which have prompted the market to flock to precious metals for their safe-haven appeal.
Geopolitical tensions have surged over the past few days after US President Donald Trump imposed new tariffs on eight European nations over his push to acquire Greenland. Trump imposed 10% tariffs on imports from European countries, starting Feb. 1. The tariffs wou

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