According to sources, the government has decided to stop price increases by selling grain that has been subsidized through retail outlets as part of the Bharat rice project starting next week. In the coming days, a […]
Indian sugar trade body estimates output 4% lower at 31.6 million tonnes
The All India Sugar Trade Association (AISTA) released its initial estimate, which predicts that India’s sugar production will likely decrease by 4% to 31.6 million tonnes (mt) for the October 2023–September 2024 season from 32.9 mt […]
Brazil leads China’s imports of soybeans in 2023: Customs
China imported 69.95 million metric tonne of soybeans from Brazil in 2023, a 28.6% increase from 2022. In December, imports from the South American nation were 4.98 million mt. Even in months when imports of soybeans […]
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 […]
India right now has no intentions to import wheat.
India, the second-largest producer of wheat in the world, has no intention of importing the grain, and its farmers are expected to harvest a bumper crop that would increase stocks, the trade minister announced on Saturday. […]
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 […]
FCI Wheat Prices Surge ₹61/quintal Ahead of New Crop Arrival
Food Corporation of India’s e-auction records prices that increase by ₹61/quintal in a month, compared with the minimum support price, amid expectations of an upcoming wheat crop. The spike in the average selling price, which reached […]
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 […]
Indian rice exporters expect to face challenges due to policy risks, high prices in 2024
Indian rice exporters predict a challenging year in 2024, characterized by unclear policies and high local prices, which would impede the country’s efforts to normalize rice exports. S&P Global Commodity Insights states that the market is […]
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 […]
The stock of rice and wheat in FCI exceeds the buffer norm.
The government-owned Food Corporation of India (FCI) will keep selling rice and wheat on the open market since it possesses more of both grains than is needed in accordance with the buffer rule. However, based on […]
US soybean prices fell following Brazil’s rains, and the high dollar
Chicago soybean futures fell 2% on Wednesday due to concerns about supply in Brazil, the country’s largest exporter, while foreign buyers lost interest in American agricultural products due to a strong increase in the value of […]