The International Cotton Advisory Committee’s (ICAC) forecasts for the upcoming 2024–25 season caused a minor decline in cotton prices, which looks to have been reversed by short covering. Cotton candy prices are now up 0.13% to 61660. Global cotton output, commerce, consumption, and area are all expected to rise in the next years. The market…

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Jeera moved into a flat due to the potential for increased pressure from arrivals

Prices for jeera experienced a minor uptick yesterday of 0.45%, closing at 23635, possibly as a result of increasing pressure from arrivals. Despite reduced global supply, buyers worldwide persisted in favoring Indian jeera; as a result, the negative movement was contained. Every day, between 10,000 and 12,000 bags arrive in Rajkot Mandi, surpassing the present…

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Cotton fell as the ICAC projected higher production in 2024–2025

The ICAC’s predictions for the 2024–25 season anticipate growth in cotton-producing areas, production, consumption, and trade. This led to a -0.58% decline in cotton candy prices, closing at 61,860. Cotton cultivation is expected to expand by 3% to 32.85 million hectares, yielding 25.22 million tonnes. Consumption is forecasted to increase by 2.9% to 25.37 million…

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The government has increased its purchase of wheat, in an effort to keep food prices under control

The food ministry has selected 59 crucial districts across three states to strengthen MSP procurement operations. More farmers have registered for the wheat procurement drive this season, totaling over 0.36 million. The government’s wheat procurement push began last month to support inventories that had fallen to a 16-year low. Government agencies have acquired 0.6 MT…

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Cotton Drops As CAI Revises Production Estimates Up To 309.70 Lakh Bales

Cotton candy prices fell by 0.13% to 62000, owing to upward adjustments in production projections by important organizations such as the Cotton Association of India (CAI) and Cotton Corporation of India (CCI). CAI and CCPC upgraded their crop production forecasts for the current season, contributing to enhanced supply projections for natural fiber. Cotton Australia’s increased…

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The Centre has extended the wheat industry’s stock disclosure requirement beyond March 31.

“The Department of Food and Public Distribution directs traders, wholesalers, retailers, big chain retailers, and processors in all states and union territories to declare their stock position on the portal beginning April 1, 2024, and continuing every Friday until further orders,” according to the order issued by the Department of Food and Public Distribution on…

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