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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
Kerala fishers urge PM to order fresh study before deep-s...
2026-05-05 · via Commodity Market, Commodities News Today | The HinduBusinessLine
The Union also urged the government to keep a uniform price tag for consumer pumps and retail pumps in marine outlets

The Union also urged the government to keep a uniform price tag for consumer pumps and retail pumps in marine outlets | Photo Credit: V RAJU

The fishing communities have sought the intervention of the Prime Minister to constitute a committee to study availability of fish resources before issuing permits to companies and vessels for fishing in the high seas.

Paul Rajan Mampilly and Joseph Xavier Kalapurackal, President and General Secretary of Federation of Fishing Boats and Fishery Industries of Kerala pointed out that the committee should have experts from among the traditional fishing community, who have unmatched calibre and expertise to fish in any weather conditions.

The government is reported to be in the process of issuing permits for high sea fishing to companies and big vessels to harness the fish resources from the deep sea. The present arrangement of issuing permits to the existing fishing boats is on the recommendations of study of availability of fish resources in sea waters prior to 2000.

Currently, there are about 3 lakh fishing boats of various sizes operating in the deep sea. If optimum catch for every boat is visualised some 96,000 boats are only required. Hence the volume of fish resources in sea waters and the catch capability in the form of catch brought to shore have to be studied before embarking on issuing permits to companies and vessels.

As there was no study of the resources available in seawaters in the changed weather conditions after 2000, the need of the hour is to appoint a committee of experts to get deep into the availability of fish wealth and the requirement of fishing vessels to be pooled into water.

uniform price tag

The Union also urged the government to keep a uniform price tag for consumer pumps and retail pumps in marine outlets selling fuel to fishing boats . There are two types of diesel outlets in marine areas that sell diesel at different rates and there is a wider price difference, leading to overcrowding and delays in fuel filling. Many boats could not venture out for fishing in the early hours due to overcrowding.

Published on May 5, 2026