Sugar production seen to fall by 9%

The country’s sugar production in the 2022-23 season (Oct-Sept) could decline by 9% to 32.5 million tonne (MT) from the previous year’s output of 35.9 mt, due to lower yield in Maharashtra and parts of Karnataka, according to an industry estimate. The crop has been affected by adverse weather conditions like excessive rainfall and lack […]

Gold prices rise, LTV ratios shrink

The loan-to-value (LTV) ratios of gold loans have shrunk in recent months with the sharp rise in prices of the yellow metal. Customers have been prudent in availing of loans and are not borrowing higher amounts, say bankers. “We could notice a decline in overall portfolio LTV due to an increase in gold prices and […]

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