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Category: NCDEX Market

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

  • Commodity Market
  • NCDEX Market

Coffee crop output estimated at a record 3.93 lt

guna@fastura.com3 years ago03 mins

India’s coffee output for the new 2022­-23 crop year, starting October is heading for a new record provided the weather supports the crop for the rest of the calendar year. The Coffee Board, in its early production estimates also known as post­-blossom estimates, has pegged the 2022­-23 crop at 3.93 lakh tonnes on favorable weather…

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  • Commodity Market
  • NCDEX Market

Palm oil seems in a downward direction due to demand-supply mismatch

guna@fastura.com3 years ago03 mins

Palm oil prices resumed their downward direction on Wednesday after having gained on the first two days of the week following the suspension of production by some Malaysian producers. The edible oil also gained as soyabean oil prices increased on the Chicago Board of Trade during the weekend. However, the downward pressure on palm oil,…

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  • NCDEX Market

SOPA seeks recall of customs duty exemption on edible oils

guna@fastura.com3 years ago02 mins

The Soybean Processors Association of India (SOPA) has urged the Union government to gradually roll back the exemption of customs duty on edible oils to stem the falling domestic prices of soybean. The fall in edible oil prices has also contributed to a substantial fall in soybean prices in the domestic market. In a letter…

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  • NCDEX Market

India exported 1.8 million tonnes of wheat since ban: Food Secretary

guna@fastura.com3 years ago03 mins

India has exported 1.8 million tonnes of wheat to several countries, including Bangladesh and Afghanistan, since the country banned exports of the grain on May 13, according to Food Secretary Sudhanshu Pandey. About 33,000 tonnes of wheat as compassionate assistance has already been supplied to Afghanistan against the commitment of 50,000 tonnes, he said. “It…

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  • NCDEX Market

Maize shipments recover, top $1 billion in FY22

guna@fastura.com3 years ago02 mins

Maize (corn) exports from India rebounded sharply in 2021­-22 to the top of the $1 ­billion mark after a gap of seven years. Shipments had touched a nine­ year low of $142 million in 2019-­20 before presenting a sharp rebound over the last two years on rising demand for the coarse corn from South and…

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  • Commodity Market
  • NCDEX Market

Cotton prices likely to come under pressure as less demand & economic slowdown

guna@fastura.com3 years ago03 mins

With demand reducing amid a slowdown in the global economy, cotton prices in the `international market are set to come under pressure, experts have said. “There is no demand for yarn from the spinning mills. They are losing about ₹30-­40 a kg in yarn sales. But stocks are limited with them. This is stopping the…

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  • NCDEX Market

Coconut exports up 41% in FY22 as activated carbon demand

guna@fastura.com3 years ago02 mins

India’s coconut and product exports in 2021-­22 totaled ₹3,237 crore on the back of increased shipments of activated carbon. Shipments reported a growth of more than 41 per cent against ₹2,295 crore in the 2020-­21 fiscal year. Activated carbon collected an export revenue of ₹2,064 crore with a shipment of 1,37,363 tonnes. According to official…

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  • Commodity Market
  • NCDEX Market

Global cues pull natural rubber prices as weak monsoon

guna@fastura.com3 years ago02 mins

Natural rubber prices have declined in the Kottayam market,the trade centre, over the past couple of days largely on global cues and partly due to the unusually weak South­-West monsoon in Kerala. The near absence of rains is helping uninterrupted harvesting. Nearly 70% of India’s natural rubber supply comes from Kerala. As per the usual…

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  • NCDEX Market

Govt hikes MSP of kharif crops by 4-9% to increase farmer incomes

guna@fastura.com3 years ago03 mins

The Union Cabinet on Wednesday approved 4% to 9% increase in the Minimum Support Prices (MSPs) of kharif crops for the 2022-­23 crop year (July-­June) with sowing just starting on the onset of the monsoon. The benchmark rates have been fixed to increase farmers’ income as the guiding principle of 50% profit over cost has…

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  • NCDEX Market

Wheat flour exports raised after ban on the grain’s exports

guna@fastura.com3 years ago02 mins

Exports of wheat flours have witnessed a sudden spike in the after the ban the outbound shipment of wheat, indicating that many traders may be using this route to beat the ban on the grain’s exports. The spike is likely to alarm the government, which has already tightened its scrutiny of wheat shipments. Wheat flour…

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