In a move to cool down edible oil prices during the ongoing festival season, the government has again cut the import duty on edible oils. This is the fourth consecutive time in a year the government […]
Chana to remain volatile on sluggish demand, government tender, festivals.
Chana prices in the local market could potentially remain volatile as demand from the dal millers remains sluggish despite festivities. Prices in Indore and Delhi market are trading at 5,300 rupees and 5,450 rupees respectively. The […]
Chana Trend Ahead – Festivals, Government Actions, Inventories
Outlook of bullish prices in chana in the beginning of the season ie February 2021 had encouraged market participants to stock chana or chickpeas, traders in Jaipur and Delhi market said. The commodity price was forecast […]
SEBI discontinued Chana Futures Trading!!
Securities & Exchange Board of India(SEBI) today through a circular discontinued further trading in Chana on National Commodity & Derivatives Exchange Limited until further notice. The prima facie reason for this discontinuation could have been potentially […]
Kharif update and rainfall pattern in key states –
Kharif sowing in the country as on August 6 is pegged at 9.3 mln hectares, down 2.4% on year. Sowing in most kharif crops has gained pace week on week but are still behind from previous […]
Government considering to allow import of GM soymeal
Skyrocketing feed prices has led to several representations by the industry to the government. Soymeal, which constitutes the key component of the feed, has observed a surge in prices causing a spillover in other feed compounds. […]
Meteoric climb of soybean & its derivatives disconcerting consumers
Soybean prices and its derivatives have more than doubled owing to lower availability and gradual unlocking of the economy. Unlocking of the economy have caused the restaurant and small street vendors operations to revive supporting demand. […]
Kharif Sowing Update – as on July 30
Kharif Sowing Update – Kharif sowing in the country as on July 30 is pegged at 84.8 mln hectares, down 4.7% on year. Sowing in most kharif crops has gained pace but is still behind from […]
NCDEX soybean continues its meteoric climb
Soybean futures in the domestic markets continued to rally owing to reduced availability amid growing fears of potential sharp decline in the acreage in 2021 kharif season. August Futures are quoting at 9,650 rupees per 100 […]
India cuts import duty, agriculture cess on lentils or masur to boost domestic supply
Government has cut the import duty on lentils or masur to nil from 10% earlier in order to improve the supplies in the local market. It has also reduced the agriculture cess on the lentils to […]
Kharif Sowing Update – July 23
Kharif Sowing Update – Kharif sowing in the country as on July 23 is pegged at 72.14 mln hectares, down 8.9% on year. So far sowing in Coarse cereals is lagging behind the most, followed by […]
Government relaxes stock-limit norms; Chana futures up over 1%
Recent efforts by the trade associations and bodies to either relax or withdraw the stock limit order has borne fruits. The stock limit order imposed by the government on July 2 has been relaxed for the […]
Kharif Sowing Update – – July 16, 2021
Kharif sowing in the country as on July 16 is pegged at 61.19 mln hectares, down 12% on year. So far sowing in Coarse cereals is lagging behind the most, followed by oilseeds and thereafter cotton […]
Maize prices to remain supported on export enquiries
Maize prices after remaining subdued until mid of June have bounced back due to export enquiries and fears of lower sowing so far in the Kharif sowing season. Prices of benchmark Gulabbagh market in Bihar is […]
Lower acreage under soybean & erratic monsoon to push prices to new high
Acreage under soybean as on July 7 in the country is down 11% at 8.21 mln hectares as compared to 9.2 mln hectares in the corresponding period a year ago. Sowing in the country is down […]
Kharif sowing in the country as on July 9 is pegged at 49.99 mln hectares, down 10% on year.
Kharif sowing in the country as on July 9 is pegged at 49.99 mln hectares, down 10% on year. Sowing has been down due to erratic monsoon during June 1-July 9 period in the key growing […]
Black Mapte or Urad imports estimated to rise in June
Black Mapte or urad imports are likely to have risen in June after the government allowed its import from restricted category to free. Additionally, with the Government to Government agreement with Myanmar to ship 100,000 ton […]
Govt may impose the stock limit on oilseeds & edible oil
In a move to cool down sky high edible oil prices, the government is again expected to intervene and impose a stock limit on oilseeds and edible oil. Earlier due to rocketing prices, end consumers seemed […]
NCDEX Chana futures hit lower limit of 4% on stock limit order
Futures of chana on NCDEX hit the lower limit of the day in anticipation of a rise in the supplies in the local market after the government imposed the stock limit on pulses effective July 2, […]
Government imposes stock limit on pulses except for moong til Oct 31
Government has imposed a stock limit on pulses with immediate effect to cool down prices of pulses until October 31. A government order has been issued in this regard from the Union Consumer Affairs Ministry. A […]