Despite a backdrop of mixed oil outlooks, the ICE canola market at WINNIPEG, Manitoba-experienced a slight increase On Wednesday. Malaysian palm oil and Chicago soyoil decreased, while European rapeseed increased. Crude oil remained unchanged despite OPEC+ […]
Pakistan: Wheat output forecast over 28.86mn metric tons during current season
The nation is expected to produce more than 28.86 million tons of wheat this season, which will support the government’s efforts to promote sustainable agricultural growth and economic development. According to Imtiaz Ahmad Gopang, Food Security […]
Soybean prices Decline As favorable weather condition benefits Brazil
Brazil’s favorable rainfall caused the Chicago Board of Trade soybean futures to fall, causing concerns about hot, dry weather reducing output in northern and central Brazil. However, the region of concern has decreased, and traders expect […]
India Chairs International Sugar Organization 2024
India has been appointed as the Chair of the International Sugar Organization (ISO) for the year 2024, as announced during the 63rd council meeting held in London. As the largest consumer and second-largest producer of sugar […]
Rabi rice sowing area decreased by 8.0%:
According to Department of Agriculture & Farmers Welfare, the area under Rabi rice is decreased by 8.0 percent to 841 thousand hectares as against 915 thousand hectares sowed during the same period last year. Tamil Nadu […]
Increase in International Tur Prices
• International Tur (Lemon) prices were increased by US $ 10 per tonne and traded at US $ 1270 per tonne. While Urad (FAQ) traded at US $ 975 per tonnes. • According to Australia Bureau […]
Light/Moderate fairly widespread to widespread rainfall
Northwest India: Light/Moderate fairly widespread to widespread rainfall with isolated heavy rainfall is very likely over Uttarakhand, Himachal Pradesh, Haryana, Chandigarh, Delhi, East Rajasthan on 28th & 29th July. Central India: Light/moderate fairly widespread to widespread […]
India might cut or abolish wheat import tax to boost supply, check prices.
· India might cut or abolish wheat import tax to boost supply, check prices. · Chicago wheat December up US5.25 cents per bushel to 660.25c/bu; · Kansas wheat December down 12.75c/bu to 769.25c/bu; · Minneapolis wheat […]
Soybean seed prices decreases by 1%
Domestic • At Indore, Soybean seed prices decreases by 1% to INR 5090 per 100 KGs reported on the previous day. Soy oil prices increased by 2% to 945 per 10 KGs from 955 per 10 […]
Rice market in turmoil
· Rice market in turmoil as India curtails exports. · India’s rice export ban revives the conversation about the crop’s vast ecological footprint. · IMF’s advice to India unsolicited. · Nepal’s Trader Hikes The Prices Of […]
Prices of Mustard Oil increases by 3.2%
Domestic • In Jaipur, Mustard was sold at INR 60,600 per tonne, increases by 2% from the previous day. Prices of Mustard Oil increases by 3.2% from the previous day at INR 11200 per 100kg. Mustard […]
Punjab plans pilot of novel wheat auction to avoid imports
Punjab plans pilot of novel wheat auction to avoid imports • Food ministry urges companies to lower price of wheat flour to tackle high inflation • Chicago wheat December down US 39.5 cents per bushel to […]
Soybean seed prices increases by 0.8 % to INR 5152 per quintal
Domestic • At Indore, Soybean seed prices increases by 0.8 % to INR 5152 per quintal reported on the previous day. Soy oil prices increases by 0.8% to 965 per 10 Kg from 957 per 10 […]
Heavy to very heavy rainfall with extremely heavy falls
15 June (Day 1): ♦ Heavy to very heavy rainfall with extremely heavy falls very likely at isolated places over Saurashtra & Kutch and Meghalaya; Hailstorm with thunderstorm, lightning and gusty winds (wind speed 30-40 kmph) […]
FCI to offload more wheat in open market. At present, FCI has wheat stock of 31.1 MT
· FCI to offload more wheat in open market. At present, FCI has wheat stock of 31.1 MT. As per the official assessment, the corporation has around 8.7 MT of surplus wheat at its disposal after […]
In the Domestic market, the Soy oil market prices traded down for the day, following weakness in rival Palm oil.
•The Indore Soybean Plant pricing remained unchanged from the previous day at INR 52,500 a tonne, despite a potential decline in soymeal export demand due to an increase in the spread between kandla and Argentina Soymeal […]
As on 24th May 2023, total of 26.2 million tonne Wheat has already been procured
•As on 24th May 2023, total of 26.2 million tonne Wheat has already been procured, up from 18.8 Mln tonne total quantity procured during last year. Market sources revealed that Wheat procurement may fall short of […]
Global Wheat crop condition mostly favourable: AMIS
According to the AMIS May Month report, conditions are favourable for wheat, maize, and rice, while mixed for soybeans. For wheat, conditions are generally favourable in the northern hemisphere except in parts of Europe, Ukraine, and […]
Global Rice crop condition mostly favourable: AMIS
According to the AMIS May Month report, conditions are favourable for wheat, maize, and rice, while mixed for soybeans. Rice conditions are favourable across Asia as China begins sowing the single-season crop. In China, early-planted rice […]
Indian Agriculture & its Challenges and way forward
India’s agriculture sector is a vital part of the country’s economy, accounting for approximately 17% of India’s GDP and employing over 50% of the country’s workforce. Agriculture in India is diverse, with a variety of crops […]