Even as excessive rains continue to harm the Kharif crops in important growing regions, the government is attempting to accumulate inventories of imported pulses, primarily tur and urad, to supplement supply and prepare for potential future market interventions. For the delivery of imported tur at designated warehouses in Chennai, Nhava Sheva, Kandla, and Mundra, Nafed…
As the demand picture worsens and the global economy experiences issues as a result of rising interest rates, analysts who follow commodities predict that metal prices will likely be under pressure for the remainder of the year. A further drag on metal prices, which have been falling over the past few weeks, is China’s efforts…
The Minimum Support Price (MSP) for wheat has been set by the Central Government at Rs. 2,125 per quintal, an increase of 5.5% from the previous year. Even though the new MSP is more than the typical amount farmers earned during the height of the previous season, it is still less than the going prices….
Retail food inflation increased significantly in September from 7.6% to 8.6%, primarily due to increases in the cost of vegetables and cereals. As a result, overall inflation as measured by the consumer price index increased to 7.4% on an annual basis in September from 7% in August. Due to a surge in the price of…
As a result of strong manufacturing activity and rising consumer confidence, India’s crude oil demand is anticipated to increase by 8% sequentially to 5.35 million barrels per day (mb/d) from October through December 2022. The demand for oil in India is predicted to increase by 1.1% quarterly to 5.41 mb/d between January and March of…
Due to its increased availability at reduced pricing in consumer marketplaces, imported pepper from other producing nations is purportedly hurting the prospects of domestically produced goods. Traders said that prices for pepper in the countries that produce it have started to drop and are currently averaging between $2,500 and $2,600 per tonne in Brazil, $3,000…
As a result of a projected production shortage in the State, tobacco auctions in Karnataka are off to a strong start for the 2022–2023 marketing season, with prices opening nine percent higher than the prior year. The start of the auctions on all 10 platforms on Monday has given growers hope for a more prosperous…
Since the beginning of this month, cotton prices have increased 39% on the domestic Indian market. However, due to rain in many regions of the nation, cotton arrivals have decreased to a 20-year low.But as arrivals pick up steam in the current season (October 2022–September 2023), trade and industry officials say prices are predicted to…
On Wednesday, gold prices inched down on worldwide markets as investors anticipated U.S. Federal Reserve minutes and significant inflation data for cues on the timing of future interest rate hikes. spot gold was trading at $1,663.60 per ounce, down 0.1 percent from its one-week low set on Tuesday. At $1,673.30, U.S. gold futures were down…
The Kharif 2022 crop has been estimated by the Soyabean Processors Association of India (SOPA), the leading trade organization for the industry, at 120.39 lakh tonnes (lt), up from 118.89 lt in the prior year. The Ministry of Agriculture’s initial advance estimates of 128.92 lt is lower than SOPA’s projections for the crop. Despite a…
