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Saudi Aramco reports 20.6% drop in 2019 profit over low prices, production

Saudi Aramco on Sunday claimed a 20.six % fall in its net financial gain for 2019 owing to reduced

The electricity big posted net profits of $88.two billion final 12 months compared to $111.one billion in 2018, it said in the assertion to the Saudi Inventory Market.

“The decrease was generally owing to lower crude

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Business Executive

Falling veggie prices hurt farmers

Prices of vegetables in basic, barring potatoes, have been trending lower for past handful of months throughout several areas of the state giving reduction to buyers, even though leaving the growers in a lurch.

Surplus monsoon and extended rains very last yr, coupled with favourable climatic situations, served raise the generation of vegetables impacting the prices, triggering desire for the govt intervention from the farming community. The yields are better this yr in absence of any pests and diseases and unseasonal rains. In addition, the nearby generation in consuming States has greater this yr hurting desire in the manufacturing locations,

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Business Strategy

Changes in weather, extended summer expected to boost cardamom prices

A improve in rainfall sample is very likely to revive the cardamom market place, with charges anticipated to keep constant in the auctions at Bodinayakanur on Thursday.

According to traders, contrary to forecasts for prevalent rain in the cardamom expanding tracks in the final couple days, the showers had been restricted to the higher ranges. This has boosted sentiment in the market place as the summer season would prolong, further more delaying the arrival of contemporary crops. This is anticipated to lift charges in the coming days.

Even so, traders expect minimal participation from both equally upcountry customers and local

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Business Training

Natural gas prices in India likely to be cut by steep 25% from April

Organic gasoline selling prices in India are likely to be slice by a steep twenty five for each cent beginning April, in line with the slump in worldwide fees, sources reported.

The price tag of most of the purely natural gasoline developed by state-owned ONGC and Oil India Ltd, which account for the bulk of India’s existing gasoline output, is likely to be slice to all-around USD 2.five for each million British thermal device for the six-month period beginning April 1, from $3.23 as of now.

This will be the second reduction in six months and will minimize fees to

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