India’s cotton production is expected to decline by 7% to 302 lakh bales in 2024-25. The Cotton Association of India (CAI) attributed the decline to a change in crop preferences in key regions such as Gujarat and Maharashtra. The decline is due to a significant reduction in cultivated area as farmers in key cotton-growing regions…
Soyabean, groundnut, and sunflower prices have fallen 8-25% below the Minimum Support Price (MSP) in agri-terminal markets during the early days of the harvesting season. Farmers face significant losses due to delayed MSP-based procurement, with soybean prices averaging ₹4,268 per quintal, 12.8% lower than the MSP. Large crop expectations and export uncertainties, particularly in Iran,…
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…
In response to rising domestic and international demand, the price of the common spice cumin (jeera) has increased significantly by at least ‘300 per 20 kg in the past week. The commodity’s price increased from 4,800 to 5,100 to 5,100 to 5,500 in just the past week. According to market experts, this bull run is…
Prices for groundnuts have risen to as much as Rs 2000 per 20 kg in some mandis in Gujarat due to processors and oil millers anticipating a smaller Kharif harvest of 2.5 million tonnes in the current season as opposed to over 3.5 million tonnes in the previous season. Farmers in Jamnagar district’s Hapa mandi…
Under the strain of arrivals, soyabean and groundnut prices may decrease to the MSP (minimum support price) levels set by the Center by Diwali, according to Ajay Jhunjhunwala, President of Solvent Extractors’ Association of India (SEA).The circumstance, according to Jhunjhunwala in his letter to the SEA members, will have a negative effect on farmers and…
Gujarat’s groundnut crop area is expected to decrease by 10.52% during the Kharif season of 2022–2023, which is expected to result in a 22.18% decrease in crop size. One of the main oilseed crops during the Kharif season is groundnut. Gujarat, a well-known groundnut-growing state, is included in the “SEA Groundnut Kharif Crop Survey 2022”…
Three oilseed crops accounted for more than two-thirds of the gross value output (GVO) of oilseeds for nearly ten years, from 2011–12 to 2019–20. Data from the National Statistics Office’s “State-by-state and item-by-item value of output from agriculture, forestry, and fishery” report reveals that during 2011–12 to 2019–20, the GVO of soybean, groundnut, and rapeseed…
According to government data, India’s Kharif or monsoon sowing of groundnuts decreased by 0.3 million hectares (MH) for the 2022–23 season, falling to 4.51 MH from 4.86 MH, representing a 7.2% decrease across the country. According to Atul Chaturvedi, president of The Solvent Extractors Association of India (SEAI), “a huge number of farmers have switched…
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…
