Update on Food Services Industry - June 2021

This industry has been affected both positively and negatively by the pandemic. Adversely due to forced closedown of restaurants. Online delivery however got a boost but was not able to compensate for this loss of revenue.

Jun 09 2021 |
Oil Price Movements for May 2021

Nearly every alternate day of May 2021 witnessed fresh hikes of fuel prices in India. After witnessing a total of sixteen fuel price hikes, the month ended with all-time high prices in some metro cities of the country….

Jun 01 2021 |
FMCG Production in 2020-21 - A Mixed Bag

It was a mixed bag for the sector in FY21. The picture in FY22 may not be cheerful as rural India is a big consumer of these goods and has been impacted by the second wave which is already witnessing a lockdown that is 2 months old now...

May 21 2021 |
Update on Man-made Fibres and Ready-made Garments – May 2021

The slowdown in domestic polyester price will persist  in the current quarter of Q1FY22 and is likely to carry on in the initial part of Q2FY22 as the lockdown conditions across multiple states impacts polyester demand from downstream consumers all-over India...

May 18 2021 |
Update on Cotton and Cotton Yarn - April 2021

With the current upward trend in cotton prices and better domestic and international demand for cotton and cotton yarn, it remains to be seen if it translates into higher cotton crop in the next CS 2021-22...

Apr 29 2021 |
Impact Assessment of Rising Covid-19 Cases on Gems and Jewellery Industry

CARE Ratings expects the gross exports of gems and jewelry in FY22 to be in the range of USD 25 to 35 bn, which is higher than FY21 levels, but still lower than the FY20 levels...

Apr 19 2021 |
OPEC plus 15th Ministrial Supply Extension Cuts Meeting

In the previous meeting, the cartel had decided to continue the production levels of March-21 (7.05mb/d) for the month of April-21, with the exception of Russia and Kazakhstan (they were allowed to increase production by 130 and 20 thousand barrels per day respectively)...

Apr 05 2021 |
Update on Petrochemicals - March 2021

The petrochemical prices have been witnessing improvement backed by recovery in demand amid disturbed supplies of petrochemicals due to the outbreak of Covid-19 pandemic. The improvement in crude oil prices have also influenced the upward momentum in petrochemical prices as petro-products are derivatives of crude oil...

Apr 01 2021 |
Oil Monitor - March 2021

The price of Brent Crude and WTI have increased by 6.5% and 5.6% during March, 2021 as against the price prevailing during February 2021 and has also increased sharply by 95.0% and 113.1% as against the price prevailing during the same month in the previous financial year...

Apr 01 2021 |
H1-FY22 Natural Gas Price Revision Impact

The gas price for locally produced fields has been kept unchanged at USD 1.79/mmBtu and the ceiling price for gas to be produced from difficult fields has been decreased to USD 3.62/mmBtu from USD 4.06/mmBtu resulting in a 10.8% decline...

Mar 31 2021 |