The Indian government has approved the procurement of moong and groundnut from Haryana, Gujarat, and Uttar Pradesh at the minimum support price (MSP), as well as a 15-day extension of the procurement period in Andhra Pradesh. The Central Price Support Scheme (PSS) will be utilized for the procurement of summer crops in 2025-26. The Agriculture…
India’s agricultural sector experienced a 6.5% increase in food grain production during the year ending June 30, 2025. Rice production reached an all-time high, while wheat and maize production reached historic highs. The growth is attributed to farmer diligence, advanced agricultural research, and effective government policies. However, the mustard crop faced setbacks, but increased soybean…
India’s oilseed sector is experiencing significant changes due to production estimates, trade dynamics, and global policies. The government predicts a record soybean output of 15.1 million tonnes for 2024-25, while industry estimates are lower at 12.6 million tonnes due to reduced sowing. The government has increased MSP procurement under the Price Support Scheme to stabilize…
India’s rabi crop area has improved somewhat, with wheat and pulses accounting for the majority of the acreage. Despite a late start, more wheat has been sown, although important oilseeds such as groundnut and mustard have been sown less than in previous years. The government has set production targets for several crops, and the rabi…
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…
