Agro Commodities – BahetiExports.com

Recycling industry says scrap cargo stuck at ports

admin — Tue, 26 May 2020 09:11:30 +0000

Noting a drop in export-import (EXIM) cargo due to supply chain disruptions on account of the COVID-19 pandemic, the government last month asked India’s all 12 major ports to defer the lease rentals and licence fees-related charges for April, May and June besides waiving rentals in proportion to the cargo drop and not to levy penalties

In a letter, the shipping ministry had asked the ports to provide relief in the form of exemptions/ remission of charges to the shipping liners, export ..

This has led to containers containing imported scrap worth several lakhs getting stranded, making the industry miserable, it said.
“This has also led to over 3 lakh people who depend on recycling sector for their livelihood, staring at starvation. About 30 per cent of this work force comprises women, who are engaged in segregation of scraps, before melting,”it added.

– John Michale

Here is main text However, MRAI said these orders are being violated by shipping lines, CFSs/ICDs and added that financial difficulties due to this has put a large number of people at stress as the recycling sector also indirectly supports livelihood of rag pickers & smaller scrap aggregators.

NCDEX commences trading in India’s first agri futures index

admin — Mon, 25 May 2020 09:11:21 +0000

National Commodity and Derivatives Exchange (NCDEX) on Wednesday announced the commencement of trading in the country’s first agri futures index NCDEX AGRIDEX.
The NCDEX AGRIDEX futures contracts expiring in the months of June 2020, July 2020, September 2020 and December 2020 shall be available for trading from May 26, 2020.

National Commodity & Derivatives Exchange Limited is an online commodity exchange based in India. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives.

Announcing the launch, Vijay Kumar, MD & CEO, NCDEX said, Agriculture is key pillar of the Indian economy and contributes significantly to employment and economic growth. NCDEX has always played an important role in providing risk management tools for the Indian agricultural value chain. The introduction of AGRIDEX Futures is another important step in the same direction. AGRIDEX Futures contracts will provide investors one more tool for trading and risk management at a composite level.

– Vijay Kumar

Here is main text It has commodity-wise and sector-wise floors and caps, with no single commodity or sector dominating the index. AGRIDEX has very low correlation with other asset classes and indices. To ensure diversification, no group of related commodities may constitute more than 40% of the total weightage in the index.
The rollover will be done on the first 3 days of the expiry month and the index would be rebalanced annually on the first business day of April. AGRIDEX is a comprehensive agri-commo ..

Facet Precision Tool Comments on Why Building a Team

admin — Mon, 18 May 2020 09:11:14 +0000

Jeremy Bunting, Managing Director of Facet Precision Tool grew up in the cutting tool industry, getting a hands-on education from a young age and then using this experience to start his own business. From laying out a brand-new manufacturing centre; to shaping and promoting Facet’s reputation; to training up a high performing team who are passionate about the craft of cutting tools – Jeremy has built the foundations for success.

From laying out a brand-new manufacturing centre; to shaping and promoting Facet’s reputation; to training up a high performing team who are passionate about the craft of cutting tools – Jeremy has built the foundations for success.

Facet Precision Tool Comments on Why Building a Team of Craftspeople is Key to Success and Whether the Electric Car Be the Demise of the Cutting ToolsFacet Precision Tool Comments on Why Building a Team of Craftspeople is Key to Success and Whether the Electric Car Be the Demise of the Cutting Tools
Case Study from | ANCA CNC Machines

05/05/20, 05:32 AM | Automation & Networking, Design & Development | Business Development, cutting tools, Jobs / Employment
Pleora Technologies
Jeremy Bunting, Managing Director of Facet Precision Tool grew up in the cutting tool industry, getting a hands-on education from a young age and then using this experience to start his own business. From laying out a brand-new manufacturing centre; to shaping and promoting Facet’s reputation; to training up a high performing team who are passionate about the craft of cutting tools – Jeremy has built the foundations for success.

Specials are a relationship business – requiring communication and trust
As we build our company we want to be known for quality. From the start we have been trying to build our reputation for offering high quality tools rather than just entering a market and throwing anything out there and seeing what sticks. We are methodical in our approach to manufacturing certain tools or entering a marketplace or approaching certain things. Even if this means we are a bit slower and more tactful.

Just as important, is our responsiveness to the customer through deliveries and application support. These are the foundation of our company. We start by listening – what does the customer want to achieve, am I understanding their needs correctly? Then I consider how the product could be improved, can we make other recommendations. We turn that request into a tool design that is checked by the customer.

In aerospace, a common misunderstanding is the need for standard tools. Tools for aerospace require different lengths, diameters and applications. There is also a high requirement for accuracy, in Europe for example.

– Van De

Building a team of craftspeople I think working in speciality tools excites an element of craftsmanship. Every day is different, and you can take pride in your work, was it correct, was it to print. That is why we look for a person who is flexible, shows an ability to learn, grow, and absorb information.

I train everybody in my plant like they’ve never seen a grinding machine before. We invest time to build their knowledge base to understanding the manufacturing and measuring equipment. Again, partially because we’re into specials where every tool design is different, we don’t have pre-written programs.

Recycling Metal Scrap is a Challenge or an Opportunity?

admin — Sun, 10 May 2020 09:10:34 +0000

Recycling metal scrap poses challenges but presents opportunities as well. Globally the metal scrap industry is worth $500 billion which is more than twice as large as the Indian IT industry. While the Indian IT industry has been responsible for integrating the Indian economy with the global economy and for creating tremendous opportunities, the opportunities presented by the metal scrap industry have the potential to eclipse those of the IT industry. India needs other industries to power its economy and metal scrap has the potential to be such an industry. Indian leaders must examine the metal scrap industry because when the opportunities it presents are exploited wisely; it will create considerable wealth for the country.

The global metal scrap industry is worth over $500 billion yet India’s share of this is a mere $11 billion or 2.2per cent of the industry. India is a vast country which in 2019 is expected to produce over 100 million tonnes of steel. It is today the second largest producer of steel in the world having usurped Japan from that spot early this year, yet most steel and other metals manufactured in India are made from ore extracted from the ground.

There are numerous other advantages to recycling metal scrap; for one it doesn’t harm the environment. Consider that extracting ore creates pollution and wastes energy. On the other hand, the metal that has been already extracted is like a rich mine that doesn’t have to be mined.

– John Michale

Here is main text This is striking because recycling metal is far more economical than manufacturing metal from extracted ore. Manufacture of steel and other metals in India, although generating profits for manufacturers, when combined with recycled metal scrap will lead to greater production of metal at a lower cost. This will create double benefits. Firstly more metal will be manufactured and secondly, metal will be manufactured at a lower cost.

The land of steel: a quick overview of the metal recycling

admin — Sat, 09 May 2020 09:08:40 +0000

India has a history of being a strong exporter of iron and steel, but increasing investments in infrastructure, driven by urbanization, have increased domestic demand and changed the situation. The amount of steel and iron is increasing in the country, and the steps toward a circular economy have been backed by Tata Steel entering the iron recycling business.

The metal recycling market in India is thus driven by the country’s urgent need to organize the recycling sector. This entails meeting the demand for automated and faster methods of processing scrap as the country develops its capabilities and economy. At the same time, the waste import bans in China have resulted in the U.S. and Europe finding a more established market in India. A lot of scrap—both ferrous and non-ferrous—now comes in from Europe and the USA./p>

Private and public sectors are increasing their investments in scrap recycling in India

– John Michale

Here is main text When the current discussions and policies fully are implemented, India will have brought its recycling activities to the level we see in more mature markets. This offers great business opportunities in several industries, and we at Metso are proud to be supporting the reaching of common goals on sustainability.

Agri commodities: Soybean, soya oil futures slip on

admin — Sat, 12 May 2018 09:10:43 +0000

On the National Commodity and Derivatives Exchange, soybean contracts for May delivery ease by Rs 10, or 0.26 per cent, to Rs 3,766 per quintal with an open interest of 71,985 lots.
Soybean for June delivery went down by Rs 8, or 0.21 per cent, to Rs 3,726 per quintal with an open interest of 54,090 lots.

Refined soya oil prices on Monday fell Rs 4.6 to Rs 781.6 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in May declined by Rs 4.6, or 0.59 per cent, to Rs 781.6 per 10 kg in 23,140 lots.

Marketmen said slackness in demand in the spot market and increased supplies from growing regions put pressure on guar gum prices.

– John Michale

Here is main text Guar seed prices on Monday edged lower by Rs 24 to Rs 3,364 per 10 quintal in futures trade as participants reduced their holdings in line with a weak spot market.
Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.