Cotton Candy prices rose by 0.09% to 57,000 due to the USDA’s reduction in India’s cotton production forecast for the 2024-25 season to 30.72 million bales due to crop damage and pest issues. Ending stocks are expected to drop to 12.38 million bales. Acreage under cotton is down by about 9%, but higher yields from…
According to the agriculture ministry, India’s foodgrain production reached a record 332.22 million tonnes in the 2023-24 crop year, driven by strong wheat and rice production. The final estimate for 2023-24 shows an increase of 2.61 million tonnes from the previous year’s 329.6 million tonnes. Rice production reached a record 137.82 million tonnes, up from…
28 lakh bales, or almost 80%, of the crop year 2023–24, or the season ending in September, is projected to be exported as cotton. There were 15.50 lakh bales of cotton exported in the preceding crop year. Higher than anticipated supplies from Maharashtra and Gujarat, the estimated pressing estimates for the 2023–24 season are 323.03…
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…
The government of India stated in a statement on Thursday that below-average rainfall is projected to cause rice production to decline for the first time in eight years in 2023–2024, while wheat production is predicted to increase by 1.3% from the previous year. The world’s top exporter is closely monitoring its rice production after New…
The food ministry on Friday requested that traders, wholesalers, retailers, large chain shops, and milers around the states reveal stock positions within a week in order to stop speculation and a jump in rice prices. “The domestic prices of rice are increasing despite a good crop this kharif, ample stocks with Food Corporation of India…
The government has decided to extend the stock holding restrictions placed on the tur and urad varieties of pulses beyond October 31 as prices continue to remain high. The department of consumer affairs reports that on Wednesday, the modal retail price of tur increased by 45% to Rs 160/kg from the price at the start…
Due to weak demand and record production in the 2021–22 crop year (July–June), dealers claim that turmeric has reversed the gains seen after Diwali. “Shortly after Diwali, turmeric prices in Telangana and Maharashtra marketplaces increased by $300–$400 per quintal. However, due to a decline in demand, they have already returned to their pre-Diwali levels. This…
