1. The Indian government has decided to permit the export of an additional 2.5 million tonnes (mt) of wheat, doubling the total allowed volume to 5 mt. Though India has permitted an additional 2.5 million tonnes (mt) of wheat exports this rabi marketing season (April-September 2025), it will not have any impact on the global market.
2. All major climate models, including those used by Australia’s Bureau of Meteorology (BoM), project continued warming of the tropical Pacific, with El Nino possibly emerging between May and July. The World Meteorological Organization (WMO) has said that an El Nino event is likely to happen by the middle of 2026.
3. The Indian government enters the kharif 2026 season with a tighter urea buffer. Opening stocks as of April 1 dropped to the lowest in the past four years. Indian Potash (IPL), one of the three canalising agencies for import of urea on government account, has received the official nod to import the entire 2.5 mt urea at the lowest rates offered by traders and suppliers – $935 per tonne for the West Coast and $959 per tonne for the East Coast delivery.
4. China and India have primarily ensured that net investments in physically-backed gold exchange-traded funds (ETFs) are positive, though 68 per cent of investors have exited as of April 17, data from World Gold Council showed.
5. The current downturn for the Indian diamond industry stands apart. Calling it the most prolonged and severe crisis in six decades, Govind Dholakia, Rajya Sabha MP from Gujarat (BJP) and Founder-Chairman Emeritus of Surat-based Shree Ramkrishna Exports Pvt Ltd, said the global diamond trade is in the middle of an unprecedented reset.
6. Scientists at ICAR-Central Institute of Fisheries Technology (ICAR-CIFT), Kochi, have developed a patented technology that converts fish scale waste into nanofibre-based graft materials capable of accelerating bone and dental healing.
Published on April 26, 2026