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According to Geojit Financial Services, India received an average rainfall of 0.2 millimetres in the week ended Wednesday, 95% below the normal of 4.5 mm for the period, the India Meteorological Department said.
According to Geojit Financial Services, Sowing of rabi crops in Gujarat as of Monday rose 5.5% on year to 4.9 million hectares, 5% higher than the normal area, according to a release by the state agriculture department.
According to Geojit Financial Services, The northeast monsoon completed its withdrawal from India Monday, over 10 days beyond its schedule, the India Meteorological Department said.
According to Geojit Financial Services, The northeast monsoon completed its withdrawal from India Monday, over 10 days beyond its schedule, the India Meteorological Department said.
According to Geojit Financial Services, The sowing of rabi crops in Andhra Pradesh has progressed to 1.5 million hectares as of Wednesday, up 18.1% on year from 1.3 million hectares sown in the corresponding period last year, according to a report released by the state's agriculture department.
Looking ahead, commodity markets will turn their attention to key central bank decisions. The Federal Reserve is widely expected to hold interest rates steady in its upcoming meeting, while the European Central Bank (ECB) is anticipated to cut rates by 25 basis points.
According to Geojit Financial Services, Gujarat's cotton production in the 2024-25 kharif season is likely to fall by 23.5% to 7.1 million bales (1 bale = 170 kg) from 9.2 million bales last year, according to the second advance estimates of area, production, and yield released by the state's agriculture department.
According to Geojit Financial Services, The rabi sowing in Andhra Pradesh has progressed to 1.3 million hectares as of Thursday, up 18% on year from 1.1 million hectares in the corresponding period last year, according to a report released by the state agriculture department.
According to Geojit Financial Services, The rabi sowing in Andhra Pradesh has progressed to 1.3 million hectares as of Thursday, up 18% on year from 1.1 million hectares in the corresponding period last year, according to a report released by the state agriculture department.
According to Geojit Financial Services, Sowing of rabi crops in Karnataka as of Dec. 31 rose by nearly 12% on year to 2.4 million hectares from 2.2 million hectares in the corresponding period last year, according to a report released by the state agriculture department.
According to Geojit Financial Services, India’s oilmeal exports dropped by 25% year-on-year to 398731 tonnes in December, while total exports for Apr-Dec fell 10% to 3.15 million tonnes, according to the Solvent Extractors' Association of India.
According to Geojit Financial Services, Though the El Nino–Southern Oscillation is currently in the 'La Nina Watch' range, the possibility of La Nina emerging between February and July is unlikely, the APEC Climate Center said in a report Wednesday.
According to Geojit Financial Services, In the 2024-25 (Oct-Sept) season, mills in India have produced 13.1 million tonnes of sugar as of Wednesday, down 13.7% from 15.1 million tonnes produced in the same period a year ago, according to data from the National Federation of Cooperative Sugar Factories.
Chinese demand for steel and iron ore has finally peaked. The industry hopes the energy transition will spark a new boom, but it will be shaped by geopolitical competition
According to Geojit Financial Services, Rabi sowing across the country as of Friday was 63.2 million hectares, up just 0.1% from last year, according to data from the Department of Agriculture and Farmers Welfare.
According to Geojit Financial Services, The USDA has revised its global oilseed production estimate for 2024-25, lowering it to 680.35 million tonnes from the previous 683.38 million tonnes, primarily due to reduced soybean, peanut, and rapeseed output.
According to Geojit Financial Services, Farmers in Andhra Pradesh have sown rabi crops across 1.2 million hectares as of Wednesday, up nearly 21% from 999,000 hectares a year ago, according to a release by the state agriculture department.
Looking ahead, commodity markets are now focused on upcoming US inflation and retail sales data for further guidance on monetary policy.
According to Geojit Financial Services, The El Nino–Southern Oscillation in the tropical Pacific is neutral and there is some possibility of a La Nina event in the first two months of the year, the Australian Bureau of Meteorology said in its fortnightly forecast on Wednesday.
According to Geojit Financial Services, Farmers in Maharashtra have sown rabi crops over 6.1 million hectares as of Monday, up 20.1% on year from 5.1 million hectares sown in the same period last year, according to a release by the state agriculture government.
According to Geojit Financial Services, India's exports of spices rose 10% on year to 940,997.50 tonnes in Apr-Oct, according to data from the Spices Board of India.
According to Geojit Financial Services, Growth of the agricultural and allied sectors is likely to be 3.5-4% this year, Minister of Agriculture and Farmers Welfare and Rural Development Shivraj Singh Chouhan said, according to a release by the ministry.
According to Geojit Financial Services, The UN Food and Agriculture Organization's Food Price Index fell 0.5% on month to 127.0 points in December as declining prices of sugar, dairy products, vegetable oils, and cereals offset increases in meat, the organisation said in a report.
After two holiday-shortened weeks, traders are preparing for an event-packed week ahead, with FOMC meeting minutes, speeches from several Fed officials, services PMI, and the US jobs report all in focus.
According to Geojit Financial Services, Arrivals of the new kharif tur crop in spot markets across the country rose 78% on year in December, to 84,130.33 tonnes from 47,154.63 tonnes in December 2023, according to the India Pulses and Grains Association.
