According to Geojit , The southwest monsoon advanced over some more parts of south Bay of Bengal, entire Andaman Sea, Andaman Islands and more parts of east-central Bay of Bengal, the India Meteorological Department said.
According to Geojit , At a time when India was making its presence felt in the international wheat market, back-to-back policy decisions last week now seem to point at anxiousness among policymakers of the country, the world's second-largest producer of the staple food grain.
According to Geojit , Southwest monsoon current has advanced over some more parts of south Bay of Bengal, covered most of Andaman and Nicobar Islands along with Andaman Sea and also some parts of eastcentral Bay of Bengal today, the India Meteorological Department said in a release.
According to Geojit , The southwest monsoon is likely to reach Kerala on May 27, five days earlier than the usual Jun 1 timeline, the India Meteorological Department said.
According to Geojit , The Commission for Agricultural Costs and Prices has recommended repeal of the cane area reservation and minimum distance criteria so that farmers can choose the mill they want to sell their produce to, two senior government officials told Informist.
According to Geojit , Sugar production by mills in Brazil's centre-south region fell by 38.7% on year to 934,000 tn during Apr 16-30, UNICA, the country's sugarcane industry association, said in a report.
According to Geojit , The Securities and Exchange Board of India withdrew the permanent recognition granted to the Indian Commodity Exchange Ltd as an exchange due to non-compliance to several guidelines and regulations.
According to Geojit ,A mixed traded was seen in NCDEX Spices complex on Monday. Coriander futures gained more than one per cent on short covering after falling to more than five week low last week.
According to the india's overall pulses production numbers seem robust. But the fineprint tells another story, for pulses imports will continue unabated this year, says Bimal Kothari, chairman of the Indian Pulses and Grains Association.
According to Geojit ,Indonesia's sudden brake on export of crude palm oil is likely to further exacerbate soaring food inflation in India, but the domestic industry is hopeful that the southeast Asian country will reconsider, or at least relax, these curbs and prevent a runaway increase in global prices.
According to Geojit ,India's sugar exports are seen at a record high of 9.5-10.0 mln tn in 2021-22 (Oct-Sep), Subbodh Singh, joint secretary - sugar, said at a press conference today.
According to Geojit ,The government is keeping a close eye on the prices of edible oils amid the ban imposed by Indonesia on exports of crude palm oil and refined, bleached, and deodorised palm oil.
According to Geojit ,Indian traders have exported over 2 mln tn of wheat since Apr 4, cashing in on the void created by the Russia-Ukraine war, trade sources said.
According to Geojit ,Spices resumed declining on Thursday on NCDEX. Turmeric futures declined the most, falling more than two per cent, on rise in arrivals and subdued demand.
According to Geojit ,Indonesia's ban on export of edible oils extends to crude palm oil, Airlangga Hartarto, the country's coordinating minister for economic affairs, said in a statement.
According to Geojit ,Indonesia's clarification that it has banned export of only refined cooking oils, and not crude palm oil, has come as a major relief for top buyers, including India.
According to Geojit ,The Solvent Extractors' Association will seek a cut in import duty on canola oil to 5.5% from the current 38.5% since the already elevated prices of edible oils are set to further surge in the wake of Indonesia's ban on crude palm oil exports.
According to Geojit ,The Solvent Extractors' Association today urged the government to increase the duty difference between crude palm oil and refined palmolein or palm oil to 15.5% from 7.5% in order to support domestic refiners.
According to Geojit ,Procurement of chana across all key producing states has picked up pace, and the government has so far purchased 752,963 tn of the pulse, an official said.
According to Geojit ,Bangladesh's cotton imports are expected to rise 2.2% on year to 8.9 mln bales (1 bale = 218 kg) in 2022-23 (Aug-Jul), the US Department of Agriculture's Foreign Agricultural Service said in a report.
According to Geojit ,As of Sunday, the Centre has procured 6.92 mln tn of wheat in the ongoing 2022-23 (Apr-Mar) rabi marketing season, according to an official release.
According to Geojit ,There should not be any increase in the fair and remunerative price of sugarcane in 2022-23 (Oct-Sep) if the minimum selling price of sugar is not hiked to 38.67 rupees per kg to completely cover the cane cost, the Indian Sugar Mills Association said in a letter to the food ministry.
According to Geojit ,The Multi Commodity Exchange of India is in talks to collaborate with the Chittagong Stock Exchange in Bangladesh to provide consultancy services for the establishment of a commodity derivatives platform in the country.
According to Geojit ,The Cabinet Committee on Economic Affairs today approved the supply of fortified rice under all government schemes, including for mid-day meals and ration shops.
According to Geojit ,Crude oil inventories in the US rose by 2.4 mln barrels to 412.4 mln bbl in the week ended Friday, data from the country's Energy Information Administration showed.