Why Bangladesh favors buying its rice from Indian co-operatives

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…

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HAFED will conduct an online open market tender for 67,000 tonnes of wheat

The 67,363.62 tonnes of wheat that the Haryana State Cooperative Supply and Marketing Federation (HAFED) commercially purchased from Haryana and Madhya Pradesh during the previous harvesting season (April–June) are now up for sale. It will this time be offered for sale online. The NCDEX e Markets (‘NeML’), Star Agribazaar Technology (‘Agribazaar’), and E­ Tech Innovative…

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Central government is asked to invest money in the coffee co-operative

As prices fluctuate during the current harvest, struggling coffee growers believe that now is the ideal time for the Center to strengthen the only multi-state co-operative Coffee Marketing Co-operative Ltd (COMARK) by providing financial support to the growers’ organization to engage in market intervention activities. Farm gate coffee prices have decreased by approximately a fifth…

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Commodity participants’ body tells SEBI chief to announce new cotton contract norms soon

The Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch has been urged by the Commodity Participants Association of India (CPAI) to request that MCX swiftly disclose the new cotton futures contract specification. The present contract will expire on December 30, according to CPAI President Nariender Wadhwa, who noted that MCX informed on…

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