The USDA predicts India’s centrifugal sugar production in the marketing year 2024-2025 to reach 34.5 million metric tons, equivalent to 33 million metric tons of crystal white sugar. Due to delayed rains in Maharashtra and Karnataka […]
Centre directs States/UTs to enforce weeklystock disclosure of pulses
Pulses stocks in warehouses located in major ports and in pulses industry hubs should be verified Strict action to be taken on stockholding entities found to be reporting false information on stock disclosure portal The Centre […]
India likely to experience normal monsoon this year
India is expected to have a ‘normal’ monsoon between June and September 2024, with monsoon rains predicted to be 102% of the long-period average. Different regions of India will experience varying levels of rainfall, with above-normal […]
AISTA raises sugar output estimate marginally to 32 MT for 2023-24 season
Due to an increase in production in Maharashtra and Karnataka, the sugar trade association AISTA revised the nation’s sugar production upward by 4,00,000 tons to 32 million tonne for the 2023–24 season (October–September). The availability of […]
ISMA requests that the government allow a million tonnes of sugar to be exported this season
With a healthy closing stock before the conclusion of the season, the Indian Sugar Mills Association (ISMA) has asked the government to permit the export of 10 lakh tonnes of sugar during the current 2023–24 season. […]
Government fixes 25 LMT monthly sugar quota for domestic sale in April 2024
In an announcement on March 26, the food ministry allocated a monthly sugar quota of 25 lakh metric tonnes (LMT) for April 2024, which is 3 LMT higher than the quantity allocated in April 2023 (22 […]
Ministry releases Second Advance Estimates of Major Agricultural Crops for the year 2023-24
The Ministry of Agriculture and Farmers Welfare has released Second Advance Estimates of Major Agricultural Crops (Kharif & Rabi Season) for the year 2023-24. From the last agricultural year, the summer season has been segregated from […]
The government will begin buying maize from farmers at a guaranteed price for distillers.
The standard operating procedure (SoP) for the government’s plan has been released. According to it, cooperatives like NAFED and NCCF would contract with distillers to guarantee a supply of maize at ₹2,291 per quintal for the […]
The nation blends 11.20% ethanol; updated contracts and allocations are the main focus
The country has effectively attained an ethanol blending rate of 11.20% as of February 4, 2024. The current Ethanol Supply Season began on November 1, 2023, and the revised allotment for ethanol deliveries from (Sugar) molasses-based […]
Molasses obtained from the refining of sugar is subject to a 50% export levy imposed by the government.
The Center has placed a 50% export tariff on molasses that come from the extraction or refinement of sugar, according to a government notification that was made public on January 15. As of January 18, this […]
Rabi Mustard Sowing Update
According to Department of Agriculture & Farmers Welfare, Rabi Mustard 2022-23 acres Scenario As of 12 th January 2024, All India acreage under rabi Mustard stood at 99,579 thousand Ha, up by 2.2% compared to 97,445 […]
Rabi Maize sowing area increased by 4%.
According to Department of Agriculture & Farmers Welfare, the area under Rabi Maize is increased by 4 percent to 2,051 thousand hectares as against 1,971 thousand hectares sowed during the same period last year. Bihar stands […]
Rabi crop acreage down, Pulses hit worst
The Rabi cropping season of 2023–2024 is almost completed. This year area under Rabi crops is down by 1.23% as compared to the previous year’s Rabi season, with pulses having the lowest acreage this year among […]
India’s Agricultural Exports Set to Surge Despite Restrictions on Key Commodities
In the face of restrictions on wheat, rice, and sugar exports, India’s agricultural sector is gearing up for a robust performance in the fiscal year 2023–2024. The country, ranked as the second-largest producer of wheat, rice, […]
Exchanges are buzzing as MCX switches to new software
The two major events in 2023 that market players will remember for a very long time are the country’s largest commodity exchange, MCX, switching to new software, and the one-year extension of the prohibition on trading […]
Chana/ Gram Sowing Progress hovers below 5-year average sowing
As per recent release (as on 29th Dec 2023), the Department of Agriculture and Farmers Welfare states that Chana sowing is down by 8.3% to 9704.6 thousand ha. from 10579.7 thousand ha. at the same corresponding […]
Amidst crop insecurity in Brazil, Soy records its first weekly rise in 1-1/2months.
Soy futures in the US have seen their first weekly gain in a half-month due to concerns over Brazil’s crop. On Friday, U.S. soybean futures closed higher in the near-term contract and lower in the deferred […]
India Chairs International Sugar Organization 2024
India has been appointed as the Chair of the International Sugar Organization (ISO) for the year 2024, as announced during the 63rd council meeting held in London. As the largest consumer and second-largest producer of sugar […]
Year-Round Availability: Center Considers Sugar Stock Declaration
To ensure continuous availability throughout the year, the center may implement a requirement for sugar stock declaration. The government is exploring a system to compel mills, stockists, and wholesalers to declare their sugar stocks, aiming to […]
Kharif rice sowing area increased by 4.4%
According to Department of Agriculture & Farmers Welfare, the area under kharif rice is increased by 4.4 percent to 20,988 thousand hectares as against 20,109 thousand hectares sowed during the same period last year. Chhattisgarh stands […]