FUNDAMENTALS The most active soybean futures on the Chicago Board Of Trade Sv1 were up 0.1 percent at $8.87 a bushel, as of 0203 GMT, having closed down 0.2 percent on Monday. The most active corn […]
India Spices: Jeera, Coriander rise on low acreage view, turmeric down
Futures contracts of all spices, barring mentha oil and turmeric, rose today on domestic commodity exchanges. Coriander contracts on the National Commodity and Derivatives Exchange ended up over 2% on expectation of a fall in acreage, said Brajesh Gupta, a Kota-based trader. “Prices […]
CAI trims cotton crop size estimate on weather woes
As prevailing weather conditions and water scarcity hit cotton yields in key growing regions, trade body Cotton Association of India (CAI) has further trimmed its crop estimate to 343250 bales (each of 170 kg) for the […]
India Edible Oil: Most down; NCDEX soybean gains tracking CBOT
Futures contracts of most components of the edible oils basket, barring soybean, fell on the domestic exchanges on Friday. Soybean futures on National Commodity and Derivatives Exchange settled 0.4% higher in line with gains key contracts on Chicago Board […]
MP’s Bhawantar scheme for crops fails to bridge MSP-wholesale rates gap
Is the Madhya Pradesh government’s much-discussed Bhawantar Bhugtan Yojana (Price Deficiency Payment Scheme) showing signs of stabilising? Unlike in 2017, the open market wholesale rates for soybean and maize, two crops incorporated into the scheme, haven’t seen a big decline […]
SOPA urges govt not to cut import duty on palm oil under trade pacts
Soybean Processors Association of India has requested the government not to cut import duty on crude and refined palm oils to comply with trade pacts signed with Southeast Asian countries. “We have taken up the matter […]
India Spices: Jeera, turmeric fall on profit taking, coriander gains
Barring coriander and mentha oil, futures contracts of all other spices ended lower today on the domestic exchanges. Jeera and turmeric ended down on the National Commodity and Derivatives Exchange because of profit booking. Jeera had risen to a 10-month high […]
Sugar import from India to be duty-free
The commerce ministry yesterday agreed to withdraw the 40 percent duty on sugar imports from India, much to the ire of the local refiners. Until now, Bangladesh has kept sugar out of the South Asian Free […]
Global cues drag soy complex
Weak global cues, physical demand and the proposed reduction in Customs duty on palm oil from December had a bearing on majority of oils in the Indore mandis with palm oil declining to ₹715 for 10 kg. […]
More than 60% markets sell agricultural produce below MSP
On a vast farmland in Kalajhar mandi of Sangrur district, Punjab, farmers are waiting to negotiate with traders who have rejected their paddy crop infected due to humidity. Chand Singh, 70, a farmer who owns 4 […]
India’s y-o-y HPS groundnut exports to decline in 2018-19, says SEA
As India’s groundnut production is expected to fall by 29% due to deficient rainfall, export of hand-picked and selected) HPS groundnut is expected to be lower than the previous year. Export of groundnut oil too may […]
Government to procure 44 lakh tonne of oilseeds and pulses under the PM- AAASHA scheme
The government has approved proposals from nine states for the procurement of pulses and oilseeds on the basis of minimum support price (MSP) in the kharif marketing year beginning October, Agriculture Minister Radha Mohan Singh has […]
China has dropped a years-long ban on rapeseed meal imports from India
China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal feed, the customs administration said on Monday. Rapeseed meal shipments from India […]
Iran wheat imports down to zero amid global crisis
An official says the Iranian government needs no more wheat imports thanks to favorable crop harvest and procurement from local farmers at a time of diminishing grain stocks around the world. Largely self-sufficient in wheat a […]
India responding well to US-China trade war: EEPC India
Modi government is responding well to the rising trade tensions between the world’s two largest economies, maintaining a stance that serves the cause of Indian exporters best, realising how critical exports are for the country’s big […]
India’s sugar intake sees steady decline
With 5 crore people suffering from Type-2 diabetes, India is now slowly reducing its sugar consumption and becoming more health conscious. Statistics from the National Federation of Sugar Factories Ltd (NFSFL) show that there has been a drop of at least […]
Poor rains to bring down crop outputt
The output of key kharif crops like onion, cotton, sugarcane and oilseeds are likely to fall due to deficient rainfall in many parts of India, including Maharashtra, Gujarat and Karnataka. Production of cotton, soybean and groundnut […]
Exports will reach new high, says commerce secretary
The Central government Monday expressed hope exports would touch an all-time high in 2018-19. Commerce secretary Anup Wadhawan underlined the commitment of the government to address concerns of labour- intensive leather and textiles sectors. “Our exports […]
It is possible for India to export around half a million tonnes of rapeseed meal to China and earn around ₹1,000 crore annually – BV Mehta
‘India can earn around ₹1,000 crore annually’ BV Mehta, Executive Director of the Solvent Extractors Association of India, said: “It is possible for India to export around half a million tonnes of rapeseed meal to China and […]
Soya declines on bonus issue
With an uncertainty looming large over payment of bonus to soybean farmers by the State government on account of imposition of an electoral code of conduct in the poll-bound Madhya Pradesh, soybean prices in Indore mandis […]