Initially, more government entities were permitted to directly procure wheat for Bharat Atta

The government is ramping up its Bharat brand of staples to control prices, with Nafed and NCCF tasked with procuring wheat directly from farmers, particularly in states like Bihar, Rajasthan, and eastern Uttar Pradesh where MSP benefits are often missed. This move aims to reduce reliance on FCI for wheat procurement. FCI’s role in ensuring…

Read More

Jeera gains as in Unjha, the arrival of cumin has reduced to 35-37 thousand bags

Jeera prices rose 1.36% to 23860, spurred by lower cumin arrivals in Unjha, which fell to 35-37 thousand bags. This reduction in arrivals, combined with record-high acreage in important producing states such as Gujarat and Rajasthan, fueled the increasing trend. Farmers increased cultivation due to advantageous pricing from the previous marketing season, demonstrating a strong…

Read More

Cotton Gain as CCI procured 32.81 lakh bales of cotton so far this season

Cotton candy prices rose 0.87% to 62520, boosted by good developments in domestic and worldwide markets. The Cotton Corporation of India (CCI) reported significant cotton procurement, especially from Telangana, Andhra Pradesh, and Maharashtra, indicating strong domestic demand. Furthermore, the Cotton Association of India (CAI) raised its cotton production predictions for the current season, predicting higher…

Read More

Cotton declined as CAI increased their production estimates to 309.70 lakh bales

Due to various reasons affecting the global cotton market, cotton prices fell by 0.8% Wednesday, ending at 62040 rupees per candy. In contrast to the earlier estimate of 294.1 lakh bales, the Cotton Association of India (CAI) increased its projections for cotton production for the current season, estimating a higher production of 309.70 lakh bales….

Read More

Profit booking saw a drop in turmeric when prices increased amid lower-than-normal supplies

Yesterday, the price of turmeric saw a slight decrease of -0.17%, ending at 17514, due to profit bookings after recent price increases. Prices had previously been supported by below-normal supply and strong festive demand, resulting in a bullish trade bias. Arrivals in main APMC markets were much fewer this year than the previous year, clearly…

Read More