Burning heat wave conditions in many North Indian consuming markets has taken a charge on pepper demand with its prices remaining steady for the past 23 weeks with marginal changes. Prices of clean varieties are now ruling at ₹515-520 per kg, while that of distorted varieties at ₹535-540. Traders pointed out that the demand was…
Wheat procurement this season as Punjab, Haryana and Uttar Pradesh recorded more procurement than arrivals at the procurement places of various Agricultural Produce Marketing Committee (APMC) mandis. The total procurement of wheat as of April 21 was 11.9 million tonnes (mt) against 17.09 mt in the year ago period, even with the fact that the…
The European Commission on Thursday raised its projected wheat production for the 27 EU member states to 126.2 million tonnes by 2021/22. This was 6.5% more than the 2020/21 crop of 117.2 million tonnes, as shown by the Commission’s monthly supply and demand data. The EU Commission on General Wheat or Soft Wheat Exports remained…
The Chicago-based research firm AgResource noted that the agricultural future of CBOT was flat as the agricultural market reacted to the rapid expansion of consumer demand. Fallen U.S. AgResource is positive for the agricultural futures amid dollar and strong consumer demand, suggesting that any early weekly correction offers a new buying opportunity. Spot CPOD corn…
