At Unjha (Gujarat), the center of the trade, the average mandi prices of cumin seeds (jeera) have dropped by 50%, from Rs 600/kg in October to Rs 300/kg. According to traders, the dip was caused by expectations of a record crop. much though jeera is starting to arrive in the mandis, the peak of arrivals…
At the beginning of January, there was a decrease in the arrivals of tur (red gram, arhar, or pigeon pea) in agricultural produce marketing committee (APMC) yards in the important producing States of Karnataka and Maharashtra. Prices are therefore rising compared to the same time last year due to concerns that production will likely drop…
Farmers and other stakeholders are expecting a weather-neutral harvest as the wheat acreage for this rabi season narrows its gain over the corresponding period last year. Three weeks should pass before the first crop is ready for market, and the favorable weather thus far has raised expectations for a sizable production. The area planted with…
Godrej Agrovet is investing 250 crores in the construction of an oil palm processing complex in Telangana. The factory, which is being built in the Khammam district, would initially have a 30-tonne-per-hour capacity. A government statement issued here on Thursday stated that “the capacity can be quadrupled in a subsequent phase.” Godrej Agrovet Ltd.’s managing…
Jeera (cumin seed), the spice, set a new record high on Monday, surpassing $33,000 per quintal in the futures market, kicking off 2023 on a scorching note. Jeera futures for January delivery have increased by more than 30% from 25,085 since December 2. Jeera prices in Unjha’s spot markets have increased by 29% from 24,857…
High domestic pricing and restored soil moisture are projected to help farmers surpass last year’s planting in 2023, but an extreme heat wave this year may reduce production. Increased wheat production might persuade India, the second-largest producer of grain in the world, to reconsider easing a May export ban. While wheat production has nearly plateaued…
The European Commission on Thursday raised its projected wheat production for the 27 EU member states to 126.2 million tonnes by 2021/22. This was 6.5% more than the 2020/21 crop of 117.2 million tonnes, as shown by the Commission’s monthly supply and demand data. The EU Commission on General Wheat or Soft Wheat Exports remained…
The Chicago-based research firm AgResource noted that CBOT Agricultural Futures adjusted to technologically advanced prices last week. AgResource’s long-term outlook for the future of CBOT agriculture remains positive, but there may be some back and forth in the short term. Spot CBOD corn was low following the May expiration, with support for the July trial…
