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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]