Govt extends stock limits on sugar for 6 months till Apr 28
Ram Gopal Yadav (9 years ago)

The government has extended the stockholding limit on sugar traders for six more months till Apr 28 to keep prices in check. The stock and turnover limits on sugar were to lapse on Oct 28. In August, the government had also imposed stock holding limits on sugar mills for September and October to ensure mills liquidate excess stock and prices remain in check in a year of tight supplies. India’s sugar output fell to a seven-year low of 20.3 million metric tonne in the year ended September.

Gujarat farmers asked to prepare for mustard sowing
Ram Gopal Yadav (9 years ago)

IMD’s Agrimet division has advised farmers in Gujarat to prepare land for sowing of rabi mustard and fennel. It has asked growers to procure certified mustard seeds–Gujarat Mustard 1, 2, 3 or 4–for sowing. For sowing of rabi fennel, it has suggested certified seeds like Gujarat Fennel 2, 11, and 12.

NCDEX mustard seed up on concern over lower acreage
Ram Gopal Yadav (9 years ago)

The November contract of mustard seed on NCDEX rose because of concern about lower area under the oilseed this rabi season. On NCDEX, the most-active November contract was up 24 rupees from previous close. Government has approved a 200-rupee per 100 kg hike in the minimum support price of mustard to 3,900 rupees per 100 kg. This created positive sentiments. However, gains are seen capped due to higher supply.

Soybean in Indore down as arrivals rise
Ram Gopal Yadav (9 years ago)

Soybean prices in Indore, Madhya Pradesh were down as arrivals of the oilseed in the state rose. Expectations of rise in the arrivals in the coming days are also seen weighing on the sentiment. The most active November soybean contract was slightly up 5 rupees from the previous close.

MMTC to auction 1,633.5 metric tonne urad via NCDEX e-markets
Ram Gopal Yadav (9 years ago)

MMTC to offer 1,633.5 metric tonne of urad imported from Myanmar and 393 metric tonne of tur imported from Malawi, for auction through NCDEX e-markets. The pulses which are to be auctioned are stocked at the Central Warehousing Corp, and other godowns in Tamil Nadu and Maharashtra.

Farm secretary says late rains may boost rabi sowing
Ram Gopal Yadav (9 years ago)

Late rains in different parts of the country are likely to boost sowing of rabi crops. The country’s rabi production may also surpass last year’s level. India had produced 137.2 million metric tonne food grain in rabi season in 2016-17(Jul-Jun). However, late rains might have caused minor damages to kharif sown crops, which the government had factored in its first advance estimate. Farmers in the country are likely to harvest 134.67 million metric tonne of kharif food grain in the current crop year, down from a record 138.52 million metric tonne harvested in 2016-17.