1. Goldman Sachs, BNP Paribas, Macquaire, ING, UBS, Citigroup and other such multinational investment banks and financial services companies have raised their price outlook for gold with the precious metal topping $3,000 an ounce again this week.
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2. Notwithstanding the weak demand, gold prices in the domestic wholesale markets are expected to swing from a discount of $40 an ounce on international prices to a premium of $20 an ounce due to supply-side disruptions in the global markets, stemming from the physical transport of gold from London to New York.
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3. Taking advantage of the current boom in coffee cycle, growers are taking up capital investments to make their farms future ready. People are predominantly investing in irrigation infrastructures, water storage structure, sprinkler units etc.
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4. Barring a few districts in Rajasthan, there is no concern over the condition of the wheat crop so far this year in all the growing States. Farmers are expecting the yield to be at least 10 per cent higher than last year.
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5. In a bid to protect the authenticity of Devgad Alphonso (Hapus) mangoes, the Devgad Taluka Mango Growers Cooperative Society Limited, the registered proprietor and custodian of the Alphonso GI (Geographical Indication) tag, has introduced a Tamper-Proof UID Seal (TP Seal) system for all Devgad Hapus/Devgad Alphonso mangoes.
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