Futures trading brings transparency, not unusual fluctuations in turmeric prices: NCDEX panel

The Turmeric Product Advisory Committee (PAC) set up by the National Commodity and Derivatives Exchange (NCDEX) has stated that futures trading ensures transparent price discovery for all the stakeholders in the commodity value chain and future prices provide a benchmark for the physical trade as well. Stating that the amount of transparency that derivatives market […]

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India resumes mango exports to the US, Japan and South Korea after two years

India resumed mango exports to the US after a pandemic-induced two-year gap. More than 1,000 tonne of alphonso, kesar and other varieties of mangoes have been shipped recently, trade sources said. India also exported mangoes to Japan for the first time while shipment to South Korea resumed after two years. Officials told Financial Express that […]

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Cotton sowing acreage in India exceeds 10-million-hectare mark, likely to surpass last year’s acreage

With cotton sowing already crossing the 10-million-hectare mark in the current kharif season, prices are likely to fall further in the domestic market, says a report in Financial Express. At present, cotton prices are hovering around Rs 80,000-85,000 per candy (1 candy = 356 kg), said Atul Ganatra, president of the Cotton Association of India, […]

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Maharashtra signs MoU with Adani Energy for 11,000 MW power generation in 5 years

The Maharashtra government’s energy department has signed a Memorandum of Understanding (MOU) with the Adani Green Energy Group Ltd (AGEL) to generate 11000 megawatts (MW) of green power in the next five years. It would entail an investment of Rs 60,000 crore and provide employment to 30,000 persons, said a statement from the government. According […]

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Maharashtra closes 2021-22 season with record sugar production

Maharashtra closed its 2021-22 sugar season producing historically highest sugar, and already the state is staring at breaking this record in the next season starting October 1, said state’s sugar commissioner Shekhar Gaikwad. “Maharashtra’s sugar mills have produced 138 lakh tonnes of sugar, which is the highest quantity ever produced since the inception of the […]

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Soaring mercury hits J&K and Himachal’s apples and Maharashtra’s orange crops

The absence of pre-monsoon rain and heatwave circumstances in India have affected two main fruit crops in India, apples and oranges. With maximum temperatures hovering appreciably above the normal range in Himachal Pradesh and Jammu and Kashmir have left apple growers anxious. The unusually high temperature compared to the previous years will dent the apple […]

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