Latest Blogs

(1 week ago)

India again cuts import duty on edible oil

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 […]

(3 weeks ago)

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 […]

(1 month ago)

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 […]

(1 month ago)

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 […]

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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 […]

(1 month ago)
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. […]

(1 month ago)
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. […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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 […]

(2 months ago)
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, […]

(3 months ago)
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 […]

(3 months ago)
Kharif Sowing 2021 Update

The much awaited Kharif 2021 sowing data is out and the numbers are quite a surprise. The rainfall in June was normal and with progress in some states being ahead of schedule, have resulted in early […]

(3 months ago)
Government cuts basic import duty on CPO to 10% from 15% earlier

Government has cut the import duty on crude palm oil to 10% from 15% for a period of June 30 to September 30 2021. Effective duty on the CPO was however at 35.75 percent (15% duty […]

(3 months ago)
Government has signed deal to import 250,000 ton urad & 100,000 ton tur from Myanmar

Government has signed a pact with the government of Myanmar to import 100,000 ton of tur or pigeon peas and 250,000 ton of urad or Black Mapte annually for a period of 5 years. It has […]

(3 months ago)
Soybean remain volatile amid questions over sowing intentions

Soybean prices in the local market still remain high with market participants focusing on the sowing intentions in Madhya Pradesh and Maharashtra. There is a probable shortage of seed in the market amid a slow-down in […]

(3 months ago)
Competitive India maize rates continue to be attractive for global buyers

India maize rates in the global market continue to remain competitive. Therefore, India remains the preferred market for most south-Asian countries. According to market sources, nearly 400,000 -450,000 ton of maize have been contracted for shipment […]

(3 months ago)
NCDEX Chana futures increased more than 2%

NCDEX chana futures after hitting a low of 4,941 have bounced back owing to bargain buying. In the local market, sentiments were positive on account of higher than expected procurement by the government along with hopes […]

(3 months ago)
Tur downward trend continues

Most pulses are observing a downward trend over the last few days. This is largely on account of seasonal dull period coupled with rise in arrivals. Tur or pigeon peas has also not been left behind. […]

(3 months ago)
Wheat Procurement at record 42.64 mln ton vs 37.89 mln

Wheat procurement by the government agencies in the country have hit record high of 42.64 mln ton as on Jun 14 as compared to 37.89 mln ton in the corresponding period a year ago. Punjab, Madhya […]

(3 months ago)
Minimum Support Price- Pulses in line with expectations

The Central government has announced the Minimum Support Price (MSP) of the Kharif crops for 2021-22 marketing season on June 9,2021. Rise in the MSP in pulses was in line with the market expectations. However, MSP […]

(3 months ago)
NCDEX Chana- the trend going ahead

The most volatile commodities on the National Commodity & Derivative Exchange Ltd are oilseeds, edible oil, chana, and spices. Let’s understand the movement in chana, the factors which could derive the trend going ahead. On Futures, […]

(3 months ago)
Refined soyoil futures on NCDEX have slipped nearly 10 %

Refined soyoil futures on NCDEX have slipped nearly 10 % since the beginning of the month. The fall in the Futures could be attributed to hopes of increase in the imports in June and probable cut […]

(3 months ago)
Latest Report on Rice | Daily Report | 27.05.21

Latest Report on Rice | Daily Report | 27.05.21

(4 months ago)
Weather continues to be dry across maize growing regions

Poultry players (Broiler Integrators) are fetching the bird rated @ 90-100 across different regions in the country, with the Day Old Chik prices ranging from 40-47. The soya meal rates are a spoiler for Poultry people […]

(6 months ago)
In India soybean prices recovered & opened firm

In India soybean prices recovered & opened firm to positive and the arrivals also reducing in the domestic markets. Yesterday in CBOT, soybean also traded firm to positive initially and later on reversed the early gains. […]

(8 months ago)
In India soybean prices recovered today in the future exchanges

In India soybean prices recovered today in the future exchanges. Yesterday in CBOT, soybean back from their high as profit booking is observed. Argentina URGARA (cargo controllers union) union strike lifted yesterday which was declared on 9th December […]

(8 months ago)
In India soybean prices opened weak yesterday

In India, soybean prices opened weak yesterday and profit booking was observed in the future exchanges. Yesterday in CBOT soy complex initially surge to new high and later market came down due to profit booking by […]

(9 months ago)
In India soybean prices trading firm to positive taking cues from the International markets

In India soybean prices trading firm to positive taking cues from the International markets . Yesterday in CBOT soy complex hit one day historical rally. The soybean prices traded closed to US$13 & treaded high of […]

(9 months ago)
In India yesterday soybean prices opened firm to positive taking cues from the CBOT

In India, Yesterday soybean prices opened firm to positive taking cues from the CBOT and also getting the support from MDEX. Yesterday in CBOT soy complex rallied and soybean prices taking double digits gains due to […]

(9 months ago)
Maize market is a replica of the report as Wednesday.

Maize market is a replica of the report as of Wednesday, no major changes in prices and arrivals in the market. Product Margins for Wet corn millers and poultry processors continue to remain positive which is […]

(9 months ago)
In India soybean prices opened firm taking cues from the International markets.

In India soybean prices opened firm taking cues from the International markets. Yesterday in CBOT soybean opens sideways, but after the release of NOPA crush reports the soy complex started improving as they released a better […]

(9 months ago)
Lack of good quality maize cargo is hurting demand

Lack of good quality cargo is hurting demand, yesterday we have all of asia looking for our crop but is sceptical of Indian quality getting shipped. Arrivals are taking place as usual with MP Chindwara belt […]

(9 months ago)
MP maize market sees yesterday arrivals of 4-5k chindwara mandi 1.1.5k mt

MP market sees arrivals of 4-5k chindwara mandi 1.1.5k mt and other region all put together at 4-5k. Cargoes coming in are moving to warehouses for stocking purpose. Ready processing demand is steady and buyers are […]

(9 months ago)
Maize markets are trading flat to lower in the major markets yards

Markets are trading flat to lower in the major markets yards. The cargo quality coming in the markets is the major reason for this price fall. Telangana government has covered 35000 Mt cargo @ MSP and […]

(9 months ago)
In India soybean prices opened weak on Friday again taking cues from the International markets

In India soybean prices opened weak on Friday again taking cues from the International markets. In CBOT, before the announcement of WASDE report soybean was trading double digits up and after the reports the soybean closed […]

(9 months ago)
Fairly subdued maize market activity is taking place, leading to lower prices in market yards

Fairly subdued maize market activity is taking place, leading to lower prices in market yards. The reason is more so on the quality front wherein required quality cargo is not available and what is available is […]

(9 months ago)
Maize yesterday market is a copy of Wednesday market with the change of only in reduction in buying volumes

Maize yesterday market is a copy of Wednesday market with the change of only in reduction in buying volumes by the exporters and processors. Processors trying to low ball and make better coverages and sellers are […]

(9 months ago)
In India soybean prices opened weak again yesterday due to weakness in edible oils

In India soybean prices opened weak again due to weakness in edible oils and also taking cues from the International markets. In CBOT, the soybean traded weak due to profit taking and weak US currency. Another reason […]

(9 months ago)
Maize MP arrivals are in range of Chhindwara @ 3.5-4k MT and prices are generally trading at 1350-1360 rake point delivery

What a difference a fortnight makes, a fortnight back every processor/trader was waiting to buy maize from farmers and look at scenario today, farmer wants to sell but buying is scares and. IS it a lack […]

(9 months ago)
In India soybean prices opened weak today due to weakness in edible oils and weak demand in meal

In India soybean prices opened weak today due to weakness in edible oils and weak demand in meal. Last Friday in CBOT, the soybean traded weak due to profit taking and improved weather conditions in SA  after […]

(10 months ago)