Browsing: India

India Prime Minister Narendra Modi. India has bought three million barrels of crude oil from Russia, despite ongoing pressure from countries in the west to resist such purchases. www.theexchange.africa

Further, the Organisation of Petroleum Exporting Countries (OPEC) revealed that India’s demand might jump by 8.2 per cent in 2022, to hit 5.15 million barrels per day. This would be on the back of continued recovery against the COVID-19 pandemic.

The country’s demand for the commodity increased by 5.61 per cent from 4.51 million barrels per day in 2020 to 4.76 million BPD in 2021.

OPEC further noted that oil demand would recover in 2022, amid the expected containment of the Omicron variant of COVID-19 and economic growth of 7.2 per cent this year.

Ghana hosts largest agricultural exhibition. www.theexchange.africa

Thomas James, Agritech West Africa’s project director, said that the rising demand for food and the targeted food growth in Ghana and West Africa requires innovation and mechanization in agriculture patterns. This could be done by adopting new and modern agriculture technologies, machines, crop care practices, irrigation, warehousing and storage facilities.

Ghana has invested heavily in mechanisation in agriculture, importing Tractors, Spares, Implements, Agrochemicals and Irrigation setups worth US$1 billion. Annually, Ghana imports over 10,000 tractors and their associated implements and parts.

The seminars, pre-fixed meetings and conferences in the exhibition will help Ghanaian and West African agriculture-based companies an opportunity to network with manufacturers and suppliers from across the globe.