Despite the ensuing festival season, subdued buying of cardamom from upcountry markets has pushed the trading community in a precarious situation.

“What is happening now is only minimal trade with some specific orders which is not enough to tide over the crisis triggered by the pandemic,” sources in the sector told BusinessLine. The high labour cost and shortage of migrant labour from Theni due to Covid-19 restrictions has forced growers in Idukki to depend on labour that’s available in Kerala, which has increased costs by around 30 per cent, the sources said.

“September and October are considered a good time for a demand boost for cardamom from North Indian consuming markets. But the spread of Covid-19 has hit consumption due to restrictions on weddings, events, etc. Traders are in a dilemma on the dwindling demand, coupled with a stagnant export market due to the pesticide issue in Saudi Arabia,”

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By Erwin Seba and Stephanie Kelly

HOUSTON/NEW YORK (Reuters) – More than a quarter of U.S. Gulf of Mexico offshore oil and gas production remained shut by Hurricane Sally, which was moving inland on Wednesday and dumping heavy rains and cutting fuel demand in the U.S. Southeast.

The storm made landfall early Wednesday near Gulf Shores, Alabama, as a powerful Category 2 hurricane, swamping the region with 10 to 20 inches (25-50 cm) of rain and boosting U.S. crude oil and gasoline prices. Some coastal areas received as much as 35 inches of rainfall, the National Hurricane Center (NHC) said.

Some 508,000 barrels per day of oil production and 805 million cubic feet per day (mmcfd) of natural gas output were shut in the U.S. Gulf of Mexico, according to the U.S. Interior Department. That is roughly a third of the shut-ins caused by Hurricane Laura, which landed further west

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