Castor seed prices expected to rise 10% on strong China demand; mixed trend for spices: Geojit

The India Meteorological Department said on Monday that the southwest monsoon is likely to hit the Kerala coast on June 3, even as private weather forecaster Skymet said the monsoon has hit the southern state, according to Geojit’s daily report on agricultural commodities. Castor seed prices, which have already risen 11% in the last three […]

Read more

India on course for normal rains for second straight year

FullSizeRender.jpg

India will receive normal monsoon rains for a second consecutive year, which will help maintain food supplies even as parts of the country are again facing a near lockdown. Leading weather forecaster Skymet predicted that the rains during the June-September monsoon would be around 103% of the historical average. Bountiful monsoons helped India achieve a record […]

Read more

Omnivore eyeing for investment opportunities in allied verticals; food processing, agri-fintech firms on radar

IMG-20210225-WA0005.jpg

Omnivore, the country’s leading VC fund supporting companies in the fast growing agri-tech business, is now planning to expand its ambit and also include startups from allied sectors of the larger food and agriculture space. Speaking with Indoasiancommodities, Jinesh Shah, Managing Partner of the fund, said that Omnivore has already taken some preliminary steps in […]

Read more

Omnivore expected to invest $25M in 2021

Omnivore, the country’s leading VC fund aligned with the fast growing agri-tech business in the country, is expecting to see a major jump in its investment portfolio in the current year.  Speaking with Indoasiancommodities, Jinesh Shah, Managing Partner of the fund, said that the growth of the established agri-tech firms got momentum last year due […]

Read more

NCDEX to publish two rainfall-based indices, not for trading

TheNational Commodity and Derivatives Exchange Limited (NCDEX) will publish two national-level rainfall-based indices on June 10, 2020 that would track the systematic rainfall movement in the country – the Indian Monsoon Index (Cumulative Monsoon Index) and Indian Rain Index (Monthly Cumulative Rainfall Index), reports Economic Times. NCDEX has partnered with Skymet Weather Services Private Limited, […]

Read more

Wheat production in India may cross 113 million tonnes; many rabi crops to increase yields: Skymet

Wheat production during the current rabi season could be a record 113.66 million tonnes, nearly 10 per cent more than the 103.6 million tonnes output in the previous year, while gram output could be 8 per cent higher at 10.74 million tonnes, according to the crop estimate report released by private weather forecasting firm Skymet. […]

Read more