Prices for cotton candy dropped by 0.43% to settle at 60,380, primarily because of worries about China’s demand as a major cotton market consumer. In the meantime, according to the U.S. Department of Agriculture (USDA), 31% of the cotton crop was in good to excellent condition, with a little reduction following the passage of Hurricane…
At the current minimum support price during the rabi procurement season, the government agencies have so far purchased more than 2.48 lakh tonnes of gramme (chana) (MSP). Maharashtra, Karnataka, Gujarat, and Andhra Pradesh are in the middle of their Rabi purchase for gramme. In the major producing states of Madhya Pradesh, Rajasthan, and Uttar Pradesh,…
Traders and industry executives said it will be difficult to restock the depleted government granaries given the record-high wheat prices, which are currently nearly 50% higher than the minimum support price (MSP) of Rs 2,125 per quintal for the current 2022–23 rabi selling season. After Baisakhi, the pace of harvesting the new wheat crop will…
While growers who stuck to urad, moong, bajra, and ragi were unable to realize the MSP, farmers who sold cotton, soyabean, paddy, and jowar crops in the agricultural produce marketing committee (APMC) markets from October to December 2022, the crucial harvesting season, earned an additional 8,241.6 crore over the combined minimum support price (MSP) value….
Ahead of the commencement of the harvest season, the price of tur (pigeon pea/red gram) dropped by 10% to 15% during the past month, to about the minimum support price (MSP) level of $6,600 a quintal. This has led to growers calling for a quick start on the purchase of the pulses. Additionally, the price…
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…
The Government stated that the stock positions of wheat and rice are at favorable levels on Wednesday. In April, the level will exceed the buffer stock ceilings. However, compared to last month, the wholesale cost of wheat and rice is somewhat higher this month. As of November 15, according to Union Food Secretary Sanjeev Chopra,…
Wheat, rice, and mustard, three important rabi crops, continued to be sown early by farmers as their coverage increased as of Friday, according to data from the Ministry of Agriculture. In contrast, the area planted with coarse cereals, particularly maize, green gram (moong), and groundnut, lagged behind. The area planted with all rabi crops has…
In the agriculture produce marketing committee (APMC) yards, wheat arrivals from October 1–24 reached a three-year high, while they were lower than the inflow seen during the same period last month. The arrivals at APMCs nationwide between October 1 and 24 were 6.75 lakh tonnes (lt), down from 9.1 lt between September 1 and 24….
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…
