Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
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.
Agri Picks Report: Geojit
According to Geojit ,The vegetable oil industry is pinning its hopes on the ongoing peace talks between Ukraine and Russia.
Agri Picks Report: Geojit
According to Geojit ,In view of boiling edible oil prices in India due to ongoing geopolitical tensions between Russia and Ukraine, the Solvent Extractors' Association of India President Atul Chaturvedi advised all members to refrain from raising maximum retail prices of oilseeds.
Agri Picks Report: Geojit
According to Geojit ,Prices of chana in key markets across India are likely to rise gradually over the next 10- 15 days because of the government's procurement drive, which was triggered by a recent fall in prices of the rabi crop.
Agri Picks Report: Geojit
According to Geojit ,Malaysia's palm oil exports for March are estimated to have risen 7.2% from the previous month to 1,331,400 metric tons, cargo surveyor SGS (Malaysia) said.
Agri Picks Report: Geojit
According to Geojit ,The government has raised the base import prices of all edible oils by $82-$102 per tn, the Central Board of Excise and Customs said in a notification.
Agri Picks Report: Geojit
According to Geojit ,The government's move to extend the import of tur and urad under the free category by a year will benefit both consumers as well as the industry, as India's urad crop doesn't make its way to the markets before September, said Bimal Kothari, vicechairman of the India Pulses and Grains Association.
