Kharif production likely to decline by 53% due to heavy post-monsoon showers: NBHC

The country’s kharif food production could be much lower than the Centre’s first advance estimate of a marginal fall. Heavy post-monsoon showers are a key reason. The production of coarse grains, pulses, oil seeds and sugarcane is expected to decline in the summer season of 2019-20 due to late monsoon and erratic and heavy rains […]

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Commodity Participants’ Association to create investor database to rein in defaulters

The Commodity Participants’ Association of India plans to create a registry of individual clients trading on the exchange platform to avoid defaulted members from one exchange moving to another. It has been observed that some clients who were banned in the recent castor-seed crisis in NCDEX, had moved to other exchanges in the absence of […]

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India sets 2017-18 kharif foodgrains crops output estimate at 134.67 million tonnes 

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India’s agriculture ministry released the first advance estimate of major crops for the 2017-18 kharif season and said the foodgrains production was expected to be 134.67 million, lower by 3.86 million tonnes as compared to last year’s record kharif production of 138.52 million tonnes due to a shortfall in monsoon rain. Following are the details […]

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India estimates foodgrains production at a record 273.38 million tonnes

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India is likely to produce a record 273.38 million tonnes of food grains in 2016/17, slightly higher than the earlier estimate of 271.98 million tonnes, a government statement said, thanks to good monsoon rains after two straight years of drought. The Department of Agriculture, Cooperation and Farmers Welfare said the assessment of production of different […]

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India expects record production of kharif foodgrain due to good rains

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India’s foodgrain production during the current kharif season is estimated to be at record levels due to good rains after two straight years of drought, according to estimates released by the government. Total foodgrain production is estimated at around 135 million tonnes, around 11 million tonnes higher than last year. Production of pulses, which have […]

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Daily Masala

Here is what others are talking about this morning: Asia rides Wall St. higher, buoyant crude nears six-week highs Gold up as Fed minutes cool rate hike prospects, weigh on dollar Oil rises; Brent over $50/bbl on OPEC freeze talk, weaker dollar China smelters face lowest fees in four years as zinc market tightens The […]

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