Choppy moves were witnessed in NCDEX spices complex and ended Thursday’s session in green. Forecast of lower production lifted jeera futures, while steady demand supported coriander and turmeric futures. According to fourth advanced estimates by Gujarat government, jeera production is seen fall by 44.5 per cent to 221500 tonnes in 2021-22 on yoy basis, while Read More
Spices pared initial losses to end Tuesday’s session in green on NCDEX. Jeera futures reversed losses and rose after rains affected supplies to the spot market. Coriander futures were up on short covering after the recent fall, while in the spot market it traded steady. Turmeric futures gained the most, by more than one per Read More
Turmeric futures stretched losses on lackluster demand and progress in sowing. According to fourth advanced estimates by Gujarat government, jeera production is seen fall by 44.5 per cent to 221500 tonnes in 2021-22 on yoy basis, while that of coriander is seen at 208090 tonnes, down by 5.9 per cent during the same time period. Read More
Mixed trend was seen in NCDEX spices complex on Friday. Jeera futures hit fresh record highs before trimming gains to end the session flat, while coriander and turmeric futures ended down by more than more per cent respectively. According to fourth advanced estimates by Gujarat government, jeera production is seen fall by 44.5 per cent Read More
Mixed moves continued in spices complex on NCDEX. On Wednesday, jeera and coriander futures inched down while turmeric futures gained more than one per cent on firm demand. Jeera futures came under profit booking after hitting record highs, while coriander futures came under pressure from rise in arrivals and tepid demand. The National Commodity & Read More
Red Chilli prices have crashed in Andhra Pradesh and Telangana. Good domestic production along with a good crop in Pakistan is the main reason behind this sharp fall. Premium Verities (Byadgi and Devam) are being quoted at Rs. 7,000-8,000 per quintal, lower than last year’s Rs. 12,000 per quintal
Spices complex was in red on Friday. Profit booking was seen in jeera futures after rising to three month highs, while tepid demand dragged down coriander and turmeric futures. The National Commodity & Derivatives Exchange has received approval from the Securities and Exchange Board of India to launch options in goods contracts on turmeric, jeera Read More
The National Agricultural Cooperative Marketing Federation of India is likely to miss its tur procurement target for the year ending in September, under the price stabilisation fund scheme, an official with the agency said. India received 4.7 mm rainfall, 33% below the normal weighted average of 7.0 mm, according to data released by the India Read More
The National Agricultural Cooperative Marketing Federation of India is likely to miss its tur procurement target for the year ending in September, under the price stabilisation fund scheme, an official with the agency said. India received 4.7 mm rainfall, 33% below the normal weighted average of 7.0 mm, according to data released by the India Read More
The National Agricultural Cooperative Marketing Federation of India is likely to miss its tur procurement target for the year ending in September, under the price stabilisation fund scheme, an official with the agency said. India received 4.7 mm rainfall, 33% below the normal weighted average of 7.0 mm, according to data released by the India Read More
India received 12.3 mm rainfall yesterday, 47% above the normal weighted average of 8.4 mm, according to data released by the India Meteorological Department. Since Jun 1, rainfall in India has been normal at 213.0 mm. The government has extended the exemption of basic customs duty and agriculture infrastructure and development cess on the import Read More
Grains will account for 50% of ethanol production by 2025, Food Secretary Sudhanshu Pandey said at a conference of state food ministers on food and nutrition security. States need to focus to increase paddy sowing for 2022-23 (Jul-Jun) kharif season to meet international demand, food minister Piyush Goyal said at conference of state food ministers Read More
The southwest monsoon has covered the entire country today, six days ahead of its normal date of Jul 8, the India Meteorological Department said. India is expected to receive normal monsoon rainfall in July at 94-106% of the long period average, the India Meteorological Department said. UK-based Cotton Outlook has revised downward its estimate for Read More
Prices of eggs have skyrocketed to six-month highs in key consuming cities across India due to a spike in cost of rearing broilers, even as demand remains firm. The procurement of paddy by the government in the 2021-22 (Oct-Sep) kharif marketing season was at 86.2 mln tn as on Tuesday, according to an official release. Read More
India received 4.0 mm rainfall yesterday, 46% below the normal weighted average of 7.5 mm, according to data released by the India Meteorological Department. India has received 128.3 mm rainfall since Jun 1, 10% below the normal level of 141.8 mm for the period. Kharif acreage in Madhya Pradesh was down 54.7% on year at Read More
The National Agricultural Cooperative Marketing Federation of India is likely to miss its tur procurement target for the year ending in September, under the price stabilisation fund scheme, an official with the agency said. India received 4.7 mm rainfall, 33% below the normal weighted average of 7.0 mm, according to data released by the India Read More
India received 8.1 mm rainfall in the week ended yesterday, 19% above the normal of 6.8 mm for the period, data released by the India Meteorological Department showed. India has received 105.8 mm rainfall since Jun 1, which is adequate. Even before members of the Monetary Policy Committee convened on Jun 6, Reserve Bank of Read More
The southwest monsoon has advanced to most parts of Madhya Pradesh, Bihar and Jharkhand, the India Meteorological Department said. The Cotton Association of India has revised downward its production estimate for the 2021-22 (Oct-Sep) marketing season to 31.5 mln bales (1 bale = 170 kg), from 32.4 mln bales projected a month ago, it said Read More
The Union Cabinet approved 4.4-8.9% hike in minimum support price of key kharif crops for 2022-23 marketing season. India received 1.3 mm rainfall, 68% below the long period average of 4.1 mm, according to the India Meteorological Department. The India Sugar Mills Association has revised upwards the country’s sugar output estimate for 2021-22 (Oct-Sep) season Read More
Turmeric prices are under pressure on large arrivals followed by limited demand. Demand for new turmeric crop has failed to pick up as expected and demand from overseas market is also reported bleak. Turmeric arrivals across the country was higher during March at 136,424 tonnes, which is three times higher than March 2016 arrivals.
