The pace of Telangana’s paddy purchases is modest. The State has so far purchased 60 lakh tonnes (lt) of paddy, falling short of its goal of 100 lt for the Kharif harvesting season, according to the most recent data. A total of 12,500 crore worth of paddy was purchased from roughly 10 lakh farmers. According…
While growers who stuck to urad, moong, bajra, and ragi were unable to realize the MSP, farmers who sold cotton, soyabean, paddy, and jowar crops in the agricultural produce marketing committee (APMC) markets from October to December 2022, the crucial harvesting season, earned an additional 8,241.6 crore over the combined minimum support price (MSP) value….
Jeera (cumin seed), the spice, set a new record high on Monday, surpassing $33,000 per quintal in the futures market, kicking off 2023 on a scorching note. Jeera futures for January delivery have increased by more than 30% from 25,085 since December 2. Jeera prices in Unjha’s spot markets have increased by 29% from 24,857…
The market anticipates that the easing of Covid-related limitations in China will increase demand for the commodity, which is why crude oil futures traded higher on Monday. The price of January crude oil futures on the Multi Commodity Exchange (MCX) opened at $6,620, up $0.99 from the previous close of $6,555. The price of February…
Cotton growers in Telangana have planned to stage statewide protests in order to press their demand for $15,000 per quintal, which is lower than it was last year. In the State, cotton is farmed on over 50 lakh acres. Farmers continued to grow cotton in 2022, encouraged by the previous season’s record prices, which rose…
The API stated Wednesday that U.S. oil stockpiles decreased for a second consecutive week, just as many people were beginning to worry about the demand picture due to an increase in COVID-19 cases in China. Following the release of the data, West Texas Intermediate, the U.S. benchmark, traded at $78.78 per barrel after closing down…
The future for cardamom in 2023 appears to be gloomy given reports of farmers giving up on the spice harvest in Idukki’s primary growing districts due to falling pricing. With prices falling to the 800–850 per kg level, there is an accumulation of stocks in the consumption centers, which results in a subdued local demand….
Early on Wednesday, the price of gold remained steady, with ten kilos of 24-carat gold trading at Rs 54,480. On the other side, silver prices increased by Rs 1,200, bringing the price of the precious metal to Rs 72,300 per kg. 10 grammes of 22- and 24-carat gold are selling for Rs. 49,950 and Rs….
In addition to choosing the traditional safety-first approach when importing two lakh tonnes (lt) of parboiled rice from India, Bangladesh appears to have more faith in Indian cooperatives. The Directorate of Food in Bangladesh’s External Procurement division last week sent letters of intent (LOI) to NCCF (National Cooperative Consumers Federation of India Ltd) and Kendriya…
Telangana and Andhra Pradesh have seen a sharp decline in cotton arrivals. When compared to the same day last year, when arrivals were 3.61 lakh quintals, this year’s arrivals at Warangal market yard have decreased by nearly 45% to 1.98 lakh quintals. Farmers have attributed the poor yields this year to excessive rains at the…
