Commodity bourse NCDEX on Monday said it has temporarily suspended trading after a minor fire broke out in the basement of its headquarters at the Akruti Corporate Park on Kanjur Marg here. The trading on the NCDEX, the second largest commodity bourse, was halted at 12.19 hours after due intimation, it said. “There is minor Read More
The US Department of Agriculture’s Foreign Agricultural Service expects India’s cotton production in 2022-23 (Aug-Jul) to increase 4% to 27.7 mln bales (1 US bale = 218 kg) because of likely higher acreage under the crop on the back of a normal monsoon forecast this year. The Centre has set a target to export 7 Read More
The US Department of Agriculture’s Foreign Agricultural Service expects India’s cotton production in 2022-23 (Aug-Jul) to increase 4% to 27.7 mln bales (1 US bale = 218 kg) because of likely higher acreage under the crop on the back of a normal monsoon forecast this year. The Centre has set a target to export 7 Read More
India is racing to bolster its wheat export infrastructure as the Russia-Ukraine war has led to record shipments of the grain from the country and the demand is still pouring in. India’s maize exports in Apr-Jan rose to an all-time high of $816.31 mln due to strong demand from key export destinations like Bangladesh, Vietnam Read More
Indian traders have signed a deal to sell around 50,000 tn wheat to Tanzania at $370 per tn, free on board, sources in the know of the development said. The revenue of the Indian poultry industry is expected to rise 5-6% in 2021-22 (AprMar) compared with the 2-3% growth indicated by a sample set of Read More
The selling shareholders include Build India Capital Advisors LLP, Canara Bank, Indian Farmers Fertiliser Cooperative Limited, Investcorp Private Equity Fund I (formerly known as IDFC Private Equity Fund III), Jaypee Capital Services Limited, National Bank for Agriculture and Rural Development, Oman India Joint Investment Fund and Punjab National Bank, it said. The exchange proposes to Read More
The government’s procurement of paddy has reached 72.59 mln tn as of Sunday in the ongoing 2021-22 (Oct-Sep) kharif marketing season, according to an official release. The Indian Council of Agricultural Research has released three new varieties of basmati rice this year. The average price of 25% broken non-basmati rice exported from India rose to Read More
Production of turmeric is likely to decline by 20-25% in 2021-22 (Jul-Jun) due to a drop in yields following heavy rain in key growing states during Sep-Nov. The conflict between Russia and Ukraine may only have a minimal impact on barley prices in India as new arrivals are set to hit the market within a Read More
The guar complex basket was down during the greater part of the week, which ended recently. Approaching November series expiry had attracted short sellers to give deliveries against their holdings, because of which pressure was seen in the derivatives. The primary direction was bullish in the oil complex mainly because of strength in global markets Read More
