The cotton sector is expected to have a strong year, which is encouraging for the seed industry. Farmers have received high prices for cotton fiber for the previous two growing seasons, and an average monsoon is expected, according to the Indian Meteorological Department (IMD). “Due to lesser production, cotton is in high demand, thus everyone…
The first half of the oil year 2022–23, which began in October, saw a 110 percent increase in soya meal and valueadded soya product exports. This was mostly due to large purchases made by Vietnam and its neighbors Bangladesh and Nepal. According to the Soybean Processors Association of India (SOPA), the shipment of meals increased…
The deadline for Telangana to mill rice to order and deliver it to the central pool for the kharif season of 2021–2022 has not been extended by the center. The deadline for processing rabi paddy from the season of 2021–22 has been extended, though. In order to keep up with the increased procurement, it has…
The pace of Telangana’s paddy purchases is modest. The State has so far purchased 60 lakh tonnes (lt) of paddy, falling short of its goal of 100 lt for the Kharif harvesting season, according to the most recent data. A total of 12,500 crore worth of paddy was purchased from roughly 10 lakh farmers. According…
Comparing October to September of 2022–2023 to the same time last year, rice procurement climbed by 12.2% to 218.73 lakh tonnes (lt). Thanks to the 15.91 lt acquired in Chhattisgarh with purchases starting a month earlier than the initial schedule, purchases in November were 11.73 lt greater than the level of the previous year. 121.91…
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…
During the first month of the current procurement season (October–September), rice procurement climbed by 12% to 114.33 lakh tonnes (lt), owing to Punjab and Haryana. Compared to the same time last year, grain purchases are up 8% in these two States. Purchases fell by 60% to 22,557 tonnes in Uttar Pradesh, the state with the…
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”…
As a result of strong manufacturing activity and rising consumer confidence, India’s crude oil demand is anticipated to increase by 8% sequentially to 5.35 million barrels per day (mb/d) from October through December 2022. The demand for oil in India is predicted to increase by 1.1% quarterly to 5.41 mb/d between January and March of…
The Kharif 2022 crop has been estimated by the Soyabean Processors Association of India (SOPA), the leading trade organization for the industry, at 120.39 lakh tonnes (lt), up from 118.89 lt in the prior year. The Ministry of Agriculture’s initial advance estimates of 128.92 lt is lower than SOPA’s projections for the crop. Despite a…
