Saudi Arabia, the world’s largest feed barley buyer, bought 1.02 million tonnes of the grain in an international tender, of which Glencore sold all but one cargo. The barley was purchased at an average price of […]
India Edible Oil: Most down; NCDEX soybean gains tracking CBOT
Futures contracts of most components of the edible oils basket, barring soybean, fell on the domestic exchanges on Friday. Soybean futures on National Commodity and Derivatives Exchange settled 0.4% higher in line with gains key contracts on Chicago Board […]
MP’s Bhawantar scheme for crops fails to bridge MSP-wholesale rates gap
Is the Madhya Pradesh government’s much-discussed Bhawantar Bhugtan Yojana (Price Deficiency Payment Scheme) showing signs of stabilising? Unlike in 2017, the open market wholesale rates for soybean and maize, two crops incorporated into the scheme, haven’t seen a big decline […]
Tur outlook Firm in near term
Due to fears that output in Maharashtra and Karnataka, the top two producing states, may fall 30-50% due to drought. Maharashtra and Karnataka together account for around 40% of the country’s 4-mln-tn tur production. Recently,NAFED also […]
SOPA urges govt not to cut import duty on palm oil under trade pacts
Soybean Processors Association of India has requested the government not to cut import duty on crude and refined palm oils to comply with trade pacts signed with Southeast Asian countries. “We have taken up the matter […]
India Spices: Jeera, turmeric fall on profit taking, coriander gains
Barring coriander and mentha oil, futures contracts of all other spices ended lower today on the domestic exchanges. Jeera and turmeric ended down on the National Commodity and Derivatives Exchange because of profit booking. Jeera had risen to a 10-month high […]
Sugar import from India to be duty-free
The commerce ministry yesterday agreed to withdraw the 40 percent duty on sugar imports from India, much to the ire of the local refiners. Until now, Bangladesh has kept sugar out of the South Asian Free […]
Global cues drag soy complex
Weak global cues, physical demand and the proposed reduction in Customs duty on palm oil from December had a bearing on majority of oils in the Indore mandis with palm oil declining to ₹715 for 10 kg. […]
Punjab Paddy growers sell crop in Haryana
Farmers from the border districts of Punjab are rushing to Haryana to sell their produce on spot cash payment , hassle-free procurement and procurement at higher moisture( with the reduction in prices). Cheeka grain market in […]
North-East monsoon beckoned, rains lash Tamil Nadu, Kerala and Coastal Andhra Pradesh
Tamil Nadu, Kerala and Coastal Andhra Pradesh received rainfall at isolated places as the North-East monsoon beckoned.The highest amounts were reported from Tamil Nadu. The India Met Department (IMD) says that conditions are becoming favourable for […]
China to open its USD 2 bn rice market to India.
India has made a deal with China to open up its 2 billion USD rice import based on an agreement signed between Prime Minister Narendra Modi’s visit to China. At Shanghai Cooperation Organisation Summit a protocol […]
Time may not be ripe for futures trading in more pulses:SEBI
The number of farm commodities that is actively traded on exchanges is rapidly shrinking. On National Commodity and Derivatives Exchange, which lists primarily farm commodities, there has been no activity in sugar derivatives for over a […]
CBOT Wheat up for 2nd session as global supplies tighten.
Chicago wheat futures rose for a second straight session with prices underpinned by lower output in key exporting countries, which is expected to boost demand for U.S. supplies. The most-active wheat contract on the Chicago Board […]
Punjab: As wheat sowing window begins, only 45 per cent paddy harvest done.
Farmers in Punjab have yet to harvest nearly 45 per cent paddy crop even as the wheat sowing season gets underway, November 1. The best period for wheat sowing in Punjab is from November 1 to […]
CBOT Corn edges higher, rebounds from five-day low.
U.S. corn futures rose for the first time in four sessions as traders feared possible yield cuts in a widely watched report next week. The most active corn futures on the Chicago Board Of Trade were […]
Maize prices steady in Davangere, demand subdued.
Prices of maize in Davangere, a key market for the coarse grain in Karnataka, remained steady mid low availability of good-quality crop and subdued demand. Spot price of the coarse grain were largely unchanged at 1,100-1,450 […]
Tur up in Akola on strong demand ahead of Diwali.
Prices of tur rose in Akola, the benchmark market, due to strong demand from stockists and dal millers ahead of the festival season. In Akola, tur was sold at 4,150 rupees per 100 kg, up 50 […]
NCDEX chana up over 1% as festival demand firm.
Futures contracts of chana on the NCDEX were up over 1% due to firm demand from domestic stockists and dal millers ahead of Diwali. The most-active November contract of the pulse was at 4,001 rupees per […]
Goa plans to bring 30 per cent fallow land under paddy cultivation in a year.
The Goa’s government plans to bring around 30 per cent of the fallow lands, out of the existing 13,193 hectares across the state, under cultivation by next year. The quantum of fallow land from the current […]
Maharashtra government pushes for fodder production
The animal husbandry department of the Maharashtra government has invited farmers to grow fodder from November onwards for cattle heads in the state, where 180 talukas are facing a drought-like situation, an official said Tuesday.