Procurement of chana across all key producing states has picked up pace, and the government has so far purchased 752,963 tn of the pulse, an official said. India’s non-basmati rice exports during 2021-22 (Apr-Mar) rose 27.1% on year to $6.1 bln, the Centre said in an official release .
As of Sunday, the Centre has procured 6.92 mln tn of wheat in the ongoing 2022-23 (Apr-Mar) rabi marketing season, according to an official release. Production of natural rubber in Malaysia fell 39% on month to 29,920 tn in February, the Statistics Department Malaysia said in a release. The production in January was at 49,087 Read More
As per SOPA, India’s Soymeal and its other value added products export during March 2022 is 180,884 tons compared to 26.645 tons in March 2016 showing an increase of 578% over the same period of last year. On a financial year basis, the export during April’ 2016 to March’ 2017 is 9,90,155 tonnes as compared Read More
The Centre on Wednesday decided to increase the minimum support price of milling copra by Rs. 550 per quintal to Rs. 6,500 for the 2023 season to boost coconut cultivation. Last year, it stood at Rs. 5,950 per quintal. The support price of “ball copra” has been raised by Rs. 545 per quintal to Rs. Read More
The vegetable oil industry is pinning its hopes on the ongoing peace talks between Ukraine and Russia. If there is a breakthrough, trade could start returning to normal and prices may head for a correction. Exports of agricultural commodities from India have touched a record high of $50.21 bln in 2021-22 (Apr-Mar), up nearly 20% Read More
In view of boiling edible oil prices in India due to ongoing geopolitical tensions between Russia and Ukraine, the Solvent Extractors’ Association of India President Atul Chaturvedi advised all members to refrain from raising maximum retail prices of oilseeds. The International Cotton Advisory Committee has raised its estimate for global cotton prices for 2021-22 (Aug-Jul) Read More
Prices of chana in key markets across India are likely to rise gradually over the next 10- 15 days because of the government’s procurement drive, which was triggered by a recent fall in prices of the rabi crop. The UK-based Cotton Outlook has scaled down its estimate for global production in 2021-22 (Aug-Jul) by 165,000 Read More
The government has raised the base import prices of all edible oils by $82-$102 per tn, the Central Board of Excise and Customs said in a notification. The government has set the limit for sale of sugar by mills at 2.20 mln tn in April, up from 2.15 mln tn set in March, according to Read More
