Commodity

• Central Government Extends Scheme of Sugar Subsidy for AAY Families Until 2026

  The purpose of extending the scheme of sugar subsidy is to alleviate the financial strain on the most economically disadvantaged groups in society.…

• Centre Collaborates with Mozambique High Commissioner to Facilitate Seamless Tur Exports

  Secretary of Consumer Affairs, Rohit Kumar Singh, met with Mozambique's High Commissioner, Ermindo A. Pereira, to address trade-related concerns regarding tur (Pigeon pea) on a meeting held on October 27.…

• Prices of Essential Food Commodities to Remain Stable During Festival Season

  These measures by the Indian government are a testament to its commitment to stabilizing food prices during the festival season and ensuring the availability of essential food commodities for its citizens.…

• Government Takes Proactive Measures to Ensure Stable Sugar Prices

  The Government's unwavering commitment is to ensure a steady supply of sugar to domestic consumers at reasonable prices throughout the year.…

• Sugar Supply at Affordable Prices Ensured by Dept of Food & Public Distribution

  India's strategic planning and unwavering commitment to ensuring a steady supply of sugar at reasonable prices have yielded positive results, benefitting both consumers and cane farmers.…

• Russia's Termination of Black Sea Grain Deal Sparks Surge in Sunflower Oil and Wheat Prices

  India is facing significant challenges in its edible oil and wheat markets due to geopolitical tensions and weather conditions impacting major exporting countries.…

• Export of Non-Basmati White Rice Prohibited

  Indian government's decision to prohibit the export of non-basmati white rice is a calculated move to mitigate the impact of inflation and prioritize the nation's food security.…

• Indian Restaurants Seek Affordable Alternative to Arhar

  The rising popularity of masoor dal serves as a testament to its cost-effectiveness and similarity in taste, making it an attractive option for both restaurateurs and consumers alike.…

• Cereal Production Poised to Shatter Records in 2023/24, Predicts FAO

  The world cereal production is predicted to increase by 0.9 percent this season, reaching 2,805 million tonnes.…

• Edible Oils Face Regulatory Shift: Agri Ministry Makes Blend Percentage Specification Mandatory

  With the implementation of these updated rules, the Indian Ministry of Agriculture aims to enhance transparency in the edible oil sector and provide consumers with clearer information regarding the blend percentage and composition of multi-source edible oils.…

• Mustard Procurement Surpasses 9.19 Lakh Tonnes by June 27

  Efforts are being made to address the bearish trend in mustard prices and bolster the market for the benefit of farmers and stakeholders involved in the mustard sector.…

• India's Non-GM Oil Meal Exports Skyrocket as Europe and Southeast Asia Drive Demand

  The increased demand for India's non-GM oil meals, along with the advantageous pricing and favorable exchange rates, has positioned the country as a prominent exporter in the international market.…

• El Nino: India to Cap Sugar Exports until H1 2024, Reveals Govt Sources

  Amid the growing concerns of El Nino, India is planning to put a cap on sugar exports until the mid of next season.…

• Govt Lifts Quantitative Limit on Tur, Urad & Masur Procurement under MSP Operation

  The government's decision to remove the quantitative limit on pulse procurement and impose stock limits aims to support farmers and enhance domestic production while curbing hoarding and ensuring fair prices for consumers.…

• Tur Traders Advocate for Promotion of Alternative Pulses

  The scarcity of tur dal in India, coupled with the surging demand, has led to a steep increase in wholesale prices. Traders are calling for a nationwide campaign to promote the consumption of alternative pulses.…

• Crop Damage Fear Spurs Jeera Prices to Soar Above Rs 39700

  Jeera, or cumin, prices have reached an all-time high of Rs 39,765 per quintal, up from Rs 36,000 per quintal earlier this month, on fears of crop loss owing to poor weather conditions. Jeera is a key export product and one of the most extensively…

• Cost Of Iraqi Oil to India Drop as Russian Cargoes Undercut Other Suppliers

  In February, the cost of Iraqi oil to India decreased due to the influx of Russian cargoes undercutting other suppliers. The Ministry of Commerce and Industry in India reported that the price of crude from Iraq averaged $76.19 per barrel in February, down from $78.92…

• Centre to Increase Sugar Export Quota in March, says Food Secretary

  After assessing domestic production, the government will decide next month whether to increase the sugar export quota from the current 60 lakh tonnes for the current marketing year, according to Food Secretary Sanjeev Chopra.…

• Mother Dairy Increases Milk Prices from Today

  With effect from today, i.e., November 21, Mother Dairy, which is India's largest milk supplier, has raised the price of full-cream milk by Re 1 per litre and token milk by 2 per litre in the Delhi-NCR market. The dairy company’s cost of full-cream milk…

• Fuel Price: Check Latest Changes in Petrol, Diesel Prices in These States

  Oil prices dropped more than $1 per barrel on Monday as investors examined the G7 meeting this week for potential steps on Russian oil shipments and a revival of the Iran nuclear deal as concerns about the state of world economic affected the outlook for…

• Flood in Northeast India Affects Fuel and Food Grain Supply

  Over the preceding three days, the Brahmaputra broke its banks in Assam, inundating around 1,500 settlements. On May 18, heavy rains drenched most of the hilly state, and more rain is forecast for the next two days.…

• Weekly Recap of Major Agri Commodities Traded at NCDEX

  A positive tone in the global markets and optimistic demand outlook for the domestic cotton yarn market had supported the upside rally in MCX futures during the week ended recently. But Cocud was down for most of the week. The cheapening offers of cotton cake…

• Indonesia Extends Export Prohibition to Crude Palm Oil

  The palm oil business has been sent into a spiral as a result of Indonesia's export strategy. Prices have swung back and forth, soaring one moment as traders worried that the ban would apply to all items due to a lack of information in the…

• Indian Edible Oil Market Rejoices as Indonesia Won’t Ban Crude Palm Oil Export

  India imports around 13-13.5 million tonnes of edible oils, with palm oil accounting for approximately 8-8.5 million tonnes (approximately 63%).…

• Alert! Edible Oil Prices to Increase by 15-20% As Indonesia Bans Palm Oil Exports

  Across 240 million tonne of edible oil is consumed annually around the world, with 80 million tonne (34%) being palm oil.…

• Patanjali Backed Ruchi Soya To Open Rs. 4300 Cr FPO on March 24

  Ruchi Soya will launch its follow-on public offer (FPO) on March 24.…

• Castor Markets Gain More Than 300 Rupees in Previous Week: Upward Trend Likely to Continue

  Castor Seed markets have shown a respectable recovery during the recently ended week. The market was under pressure during the later days of February mainly because of lower consumption and weak tone in the major oilseeds basket.…

• After Amul and Gowardhan, Mother Dairy Raises Milk Prices By Rs. 2 per Liter From Sunday

  Mother Dairy has raised prices of all sorts of Milk by Rs. 2 per liter.…

• LPG, Milk, and Edible oil to get costlier from March; How is it going to affect the Common Man’s Pocket?

  While Amul milk has gone up in price by Rs 2 per liter all over the country, oil marketing companies have also raised the price of a commercial LPG gas cylinder.…

• Agri Futures Market Recap: Expected Weekly Trend For Actively Traded Counters

  CASTOR: Castor seed traded firm during the greater part of the week and the March contract established a high of 7248, almost achieving our second of 7250 (projected during the first week of January. The new season arrivals shall increase in the next few weeks,…

• Turn Crops into Cash: Best Marketing Tips to Sell Agri Products

  Here are marketing strategies to help you turn your crops into cash. Keep reading the article to know more.…

• Domestic Cotton Cake Gains Over Previous Week, Prices Likely To Appreciate Further

  Cotton markets ended the week on a strong note. Cotton cake prices were down during the early part of the week and posted a decent recovery as the week ended. Rising cottonseed as well as cotton oil prices has favored the oil cake market in…

• Indonesia Keen Over Reducing Palm Oil Exports for Curbing Price Rise

  The government of Indonesia is now keen over curbing the rising domestic palm oil prices. In this regard, the Government has implemented new palm oil export requirements at the end of January 2022. Palm oil prices in the country are up more than 30 percent…

• Import of Moong Beans Restricted By Centre

  Trade urges the government to reconsider its decision and reestablish the free-trade zone policy.…

• Food Adulteration: Definition, Practices, and Prevention

  The FSSAI has submitted proposed modifications to the Food Safety and Standards Act (FSS), which was approved in 2006, but the rules were not notified until 2011. The FSSAI has recommended a new section to crack down on food adulteration as one of the key…

• Tur Prices Higher Than MSP, Most Farmers Unwilling to Sell Their Produce

  Officials expect 25 per cent drop in production due to winter rain. Under the open general license, around 6.5 lakh tonnes of tur has arrived in the country.…

• Castor Seed To Provide Decent Profits This Year: Advice For Farmers & Traders

  The Castor market was under pressure during the previous month mainly because of lower consumption and weak tone in the major oilseeds basket. Sentiments were eased also because of the approaching harvest season.…

• India & China to Continue as Global Palm Oil Demand Drivers

  Global palm oil demand drivers will be India and China again since these nations are expected to maintain their highest presence as world’s leading palm oil importers. The International Monetary Fund (IMF) in its World Economic Outlook had estimated the global economy growth at 5.9%…

• NCDEX Re-launches Trading in GUAREX Futures

  NCDEX will be re-launching trading in GUAREX futures from January 17, 2022 onwards. GUAREX is a price based sectoral index which tracks the movement in the futures contracts of guar gum refined splits and guar seed on a real-time basis.…

• Agricultural Commodities: 2021 Review & Outlook For 2022

  The year 2021 proved to be a prosperous year for the entire value chain participants of the Agri sector. The agricultural commodities have trended upwards since the beginning of 2021.…

• India’s Guar Gum Market Potential to Increase in the Next 2 Years

  As per latest industry report the Xanthan Gum Market in the food & beverages segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 6.2% from 2017 to 2023.…

• These Commodities May Offer Good Returns for Farmers & Traders during Diwali

  Most of the Agricultural markets have resumed the upward trend after a brief correction. Diwali related purchases are on the rise. Although the Kharif season arrivals have commenced, prices are still likely to trade with a positive bias, since the festive season demand is likely…

• Mustard Markets to Give Good Returns to Farmers in October

  Mustard commodity has been highly rewarding for the entire trade participants along with the farmers, since the second quarter of 2020. The mandis prices after establishing a low of 3875-3900 (NCDEX specified Grade) in the month of March 2020, stabilized in April, and followed the…

• India’s Cotton Crop Outlook Turns Doubtful from Recent Rains & Insect Attack

  The recent developments regarding pink bollworm infestations in Punjab, Haryana and heavy rains in Madhya Pradesh and Maharashtra have started raising doubts regarding this season’s crop size.…

• Market Panorama of Global and Domestic Chickpeas

  World chickpea markets had maintained their relatively quiet tone through the past week, with few changes in the price levels. Australian chickpeas harvest is expected to get underway in October, and exporters there are planning to start selling the new season’s production. In context to…

• US Cotton Exports Register Record Growth in 2020-21: Vietnam Largest Buyer after 6 Years

  The year 2020-21 has witnessed record cotton imports across the world markets. Global suppliers such as the US could generate decent revenue through exports. Vietnam turned out to be the largest destination for U.S. cotton for the first time in 6 years at more than…

• Guar Seed Futures Drop Due to Low Demand

  Guar seed futures prices fell by Rs 183 to Rs 5,861 per 10 quintal on Friday.…

• Review and Weekly Outlook for Domestic Oil Complex Markets

  Soya oil was seen trade between a moderate range during the week ended recently. Reports of Brazil to harvest a bigger crop from last year and India to allow soymeal import was the major hindrance against the upward movements. However the market sentiments remain positive…

• USDA Revises Lowers Production Estimates For US Wheat & Soybean; Corn Production Reduced Significantly

  The USDA in the monthly report went for a drastic reduction in the corn yield estimates by nearly 5 bushels per acre to 174.6 for corn. As a result the production estimates moved lower by 415 million bushels to 14.75 billion bushels.…

• Cotton markets may trade with moderately upward trend this month

  Cotton seed markets were quite strong during the week ending July 16th. Cotton cake however traded in a confined range. Cotton market was supported from limiting inventory in domestic markets and data reflecting improving global export demand and lower ending stock estimates globally.…