India’s wheat production could jump to a second consecutive annual record in 2020 as the wettest monsoon in 25 years is set to help farmers in expanding the area under the winter-sown crop while also boosting yields, industry officials told Reuters. But that higher production would add to India’s already swelling inventories, potentially forcing the world’s second-biggest wheat producer to […]
The Cabinet on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from the current Rs 3,500 crore. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved increasing the authorised capital of the FCI. “With the increase of authorised capital, additional equity capital […]
High cotton production due to greater-than-average rainfall in the country and increased sowing by farmers may adversely impact prices. As per Cotton Corporation of India (CCI) estimates, cotton production is likely to increase 13.6 per cent to 35.5 million bales (170kg) for the October 2019-to-September 2020 season. Area under cotton cultivation has increased by 6 […]
The domestic paddy prices are staging a modest recovery in the current procurement season after hitting rock bottom levels not long ago coupled with a rugged export market scenario. At the Indian Commodity Exchange (ICEX), the paddy (1121 variety) prices were trading at Rs 3,260 per quintal (100 kg), up by 3.55 per cent, as […]
India’s farm exports are at a severe peril. First, a global oversupply in agricultural commodities has led to constantly declining agricultural commodity prices. To add to its woes, sustained and regular increases in the minimum support price (MSP) of agri commodities by the Indian government has over-priced the country’s agricultural commodities in the world market. […]
India exported 12.51 lakh tonnes of oilmeal during the first six month period of 2019-20 financial year, declined 17% from 14.99 lakh tonnes reported in the same period last year, as per the data compiled by the Solvent Extractors’ Association of India (SEA). According to the data, the sharpest fall is seen in the soybean […]
The new crushing season of 2019-20 is a month away and 56 sugar factories in Maharashtra still owe farmers Rs 397.96 crore in cane payment dues for the season that ended a few months ago, according to latest data released by the Maharashtra Sugar Commissionerate. During the season, around 195 factories crushed some 952.11 lakh […]
After a sharp decline over recent quarters, prices of crude palm oil (CPO) are set to rise sharply in the quarter ending December. This is due to a forecast of decline in production and expectation of a revival in biodiesel demand in Indonesia, one of the largest producers. CPO prices on the benchmark Bursa Malaysia fell around […]
Amid speculation that private players may stay away from cotton purchase, the Cotton Corporation of India (CCI) has begun preparing for the season ahead. P Alli Rani, CMD, CCI, said that the agency is geared up for the procurement of 100 lakh bales but believes that market intervention may not be necessary, Financial Express reports. […]
Average wholesale prices of onion in the country’s wholesale market at Lasalgaon have gone up to Rs 1,600 per quintal owing to high demand from other states. Arrivals this week touched around 22,000 quintals and minimum prices were Rs 700 per quintal while maximum prices were Rs 1,760 per quintal. Market committee officials said that […]
