commodity exchange After ceasing to trade the commodity in 2009, the National Commodity and Derivatives Exchange (NCDEX) would resume offering groundnut futures contracts the following week. The trading of groundnut futures contracts will resume on June 20 and continue through the months of July through September 2023. The exchange will continue to introduce new contracts…
The first organization to receive IndG.A.P certification for foxtail millet is a farmer-producer organization (FPO) called Sri Rapthadu Mandala Raithu Utpatti Darula MACS, which is based in the Andhra Pradesh district of Anantapur. It is supported by the agricultural businesses Samunnati and eFresh Agri Business Solutions. The development occurs at a time when India’s government…
The farmer in Madhya Pradesh harvested a soyabean crop from his 10 acres of land in this Kharif season that amounted to about 55 quintals. Nearly 20 quintals, at an average cost of Rs 5,400 each, have been sold by him thus far in the open market. Selling oilseeds earned him close to Rs 6,500…
Major agricultural and processed food exports, which are supported by the Agricultural and Processed Food Products Export Development Authority (APEDA), increased by a quarter to $13.77 billion (1,07,942 crore) in H1 FY23 from $11.06 billion in the same period last year. APEDA products exported a record $25.6 billion in FY22, exceeding the target. Wheat, pulses…
The National Commodity and Derivative Exchanges (NCDEX) has invited farmer producer organizations (FPOs) to use the platform in order to hedge price risks as deliveries from futures contracts of robusta cherry AB coffee type will resume in February of next year. The major commodity exchange has introduced futures contracts for the period of February through…
ITC plans to invest Rs. 2,500 crores to set up five new plants in different parts of the country, including a state-of-the-art packaging plant at Nadiad in Gujarat, over the next two years. ITC chairman Sanjiv Puri said apart from the packaging plant at Nadiad, a spice plant will come up at Guntur in Andhra…
The National Commodity and Derivatives Exchange has reported a 47% increase in average daily turnover at ₹1,857 crore in the financial year ended March 2022 against ₹1,261 crore reported in the last year. This was mostly driven by hike in agriculture commodity prices last year due to supply chain disruptions. The growth was despite suspension…
