Geojit's report on Agri Picks
The government has procured 39.9 mln tn of wheat so far in the 2021-22 (AprMar) rabi marketing season, an official release said. The procurement is 14% higher from a year ago. The southwest monsoon has further advanced into more parts of the MaldivesComorin area, and most parts of the Bay of Bengal yesterday, the India Meteorological Department said in its latest update. Turnover and daily volume in rubber contracts on the Multi Commodity Exchange of India hit a record high of 45.09 mln rupees and 256 lots, respectively, on Wednesday, exchange officials said. The water level in 130 key reservoirs was at 50.819 bcm, or 29% of the total storage capacity, according to data from the Central Water Commission. The level was 15% lower on year and 28% higher than the 10-year average.
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