Welcome to the Mandi Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
Turmeric prices fell by -3.91% to ₹13,806, driven by weak demand and rising arrivals. Market sentiment is bearish as the upcoming season is projected to be 30-35% higher than last year, indicating a significant increase in production. However, the downside is limited due to reports of crop damage from heavy rains, suggesting potential production losses….
Jeera prices fell by 0.75% to ₹25,025, driven by increased arrivals in Unjha. Farmers hold 35% of the current season’s stock, with carryover stock estimated at 20 lakh bags. Despite supply pressure, optimism persists regarding export demand, particularly in November-December, supported by festive season requirements and India’s competitive pricing. Indian jeera is currently the cheapest…
Indian cotton prices reached a seasonal low of ₹53,000 per candy due to weak demand and declining cottonseed prices. However, prices have shown signs of recovery, with support from the Cotton Corporation of India’s (CCI) MSP-based purchases. Raw cotton prices remain below the MSP, and cottonseed prices have dropped due to weaker demand. Daily cotton…
Soybean procurement under the Price Support Scheme (PSS) has been significantly lower, accounting for only 2.6% of the sanctioned 32.24 lakh tonnes (LT) as on November 18. Market prices are lower than the Minimum Support Price (MSP), reducing farmers’ incomes. Soybean procurement, as mentioned above, has been marginally slower, reaching only 2.6% of the sanctioned…
India’s rice procurement deficit has decreased to 11% from 20% in November, thanks to a 5.44% increase in purchases. The total procurement reached 148.93 lakh tonnes, with Punjab and Haryana being the largest contributors. Uttar Pradesh saw a 32% rise in rice purchases, while Tamil Nadu and Telangana experienced declines. The government has raised its…
Due to healthy demand and lifting curbs on non-basmati rice, India’s agri exports are expected to reach USD 50 billion in 2024-25. Export curbs on rice, wheat, and sugar impacted agri exports by about USD 6-7 billion. However, removing rice curbs is expected to boost exports, with rice exports expected to reach 17-18 million tonnes…
Even as a rise in arrivals and muted demand put pressure on prices, short covering caused turmeric prices to rise by 0.65% to settle at 13,336. A considerable increase in production may result from the acreage being estimated to be 30–35% larger than the previous season. However, reports of crop damage from heavy rains limited…
The Solvent Extractors’ Association (SEA) said that October saw a 60% month-over-month increase in India’s palm oil imports, reaching 845,682 metric tonnes, driven by festive demand and refilled supplies. This increase may put a strain on Malaysian and Indonesian palm oil supplies worldwide. Imports of sunflower oil increased 56.5%, while imports of soy oil decreased…
Soybean prices are below the government-set minimum support price (MSP) of Rs 4,892/quintal (MSP), seven weeks after India increased import duties on edible oils. The mandi price currently varies between Rs 4,500 and Rs 4,700 per quintal due to high moisture due to pre-harvest rains. Excess and low demand has kept prices from hitting the…
Jeera rose 2.26% to 25,140 on short covering and expected export demand despite increased supply. Oonja receives more than 15,000 bags of cumin per day, and farmers are expected to save about 35% of their seasonal supply. Around 20 lakh bags were in carryover supply at the beginning of the season. After Diwali, export demand…
