The States told the Union Government that the procurement may be met this year considering current crop conditions, and the Union Government has plans to purchase 34.1 million tonnes (mt) of wheat in the upcoming rabi marketing season beginning in April. “That is not a target but based on what States have informed the Centre,”…
India, the third-largest energy user in the world, saw a 6% year-over-year decline in natural gas consumption in 2022 as a result of high costs, according to the International Energy Agency (IEA). According to data from the Petroleum Planning and Analysis Cell (PPAC), India used 60,523 million standard cubic meters of natural gas in the…
On Wednesday, oil prices increased for a second day as expectations for global fuel consumption were raised by news of rising manufacturing activity in China, the largest consumer of crude. May Brent crude oil was up 24 cents, or 0.3%, to 83.69 per barrel. The April contract reached its expiration on Tuesday at $83.89, up…
India’s Solvent Extractors’ Association (SEA) has asked the Center to intervene quickly to stop the decline in mustard prices below the MSP (minimum support price). Ajay Jhunjhunwala, the president of SEA, claimed in a letter to the Centre that mustard prices have fallen below the MSP of $5,450 per quintal. A further decrease in costs…
Prior to deciding to sell 50 lt from the Central Pool under the open market sales scheme (OMSS), the government had expected its wheat reserves to be at 126 lakh tonnes (lt) as of April 1, 2023. The country may have roughly 90 lt of stock as of April 1, 2023, vs the buffer norm…
While demand has started to pick up again and ending stocks have decreased, cumin (jeera) prices have increased by roughly 10% since the beginning of this month. Cumin was quoted at 31,000 rupees per quintal, up from 28,350 on February 2 at the Unjha agricultural produce marketing committee (APMC) yard, a price-setter in the spice….
Castor seed production in the nation is anticipated to rise by 15% to 19.46 lakh tonnes for the 2022–2023 growing season (November 2022–October 2023). At the yards of the agricultural produce marketing committee, the fresh crop has begun to arrive. The castor-growing regions of Gujarat, Rajasthan, Andhra Pradesh, and Telangana were covered in two rounds…
Like many wheat farmers in the region, Parwinder Singh, a farmer from Punjab’s Kapurthala district, worries about crop loss as a result of recent temperatures that have been above average. A farmer from Talwandi Mehma named Singh stated that at this time of year, “The crop doesn’t require a lot of warm days. It may…
Monday’s solid U.S. economic statistics fueled concerns that the Federal Reserve will continue raising interest rates to control inflation, but gold prices were flat and remained close to a two-month low. Gold’s spot price remained at $1,810.48 per ounce. At $1,817.40, U.S. gold futures were unchanged. On Monday, gold prices fluctuated between flat and up….
Despite conflicting global cues, the gold rate is up this Friday, while the silver rate is down. Gold April futures were selling at Rs 55,743 per 10 kilos on the Multi Commodities Exchange, up Rs 156 or 0.28%. On the MCX, silver March futures were selling at Rs 65,642 per kilogram, down Rs 83. Gold’s…
