According to Geojit, Food grain stocks held by government agencies declined 10% during September, however, the inventories remained sharply higher than the buffer requirement.
According to Geojit, Some state governments, including Punjab, West Bengal, Kerala, Odisha and Jharkhand, have written to the Centre urging it to extend beyond November the provision of free ration under Pradhan Mantri Garib Kalyna Yojana, senior government officials said.
According to Motilal Oswal, Gold has been trading in a broad $100 range i.e. from $1850- 1950 since the past few weeks and volatility has died down amidst a lot of confusion over the stimulus package from the US.
According to Motilal Oswal, Oil ended the week on modest gain on signs that demand is slowly picking up despite the new wave of COVID cases which casts a shadow for prices to move higher.
According to Motilal Oswal, NCDEX Soya bean has trading in upward sloping price channel which indicates strength in the prices of the commodity.
According to Motilal Oswal, Base metals have been trading with a mixed bias for the last week, giving up some of the gains before the weekend.
According to Geojit, The Indian Sugar Mills Association scaled up its estimate for the country's sugar output in 2020-21 (Oct-Sep) to 33 mln tn, before diversion for ethanol, from 32 mln tn estimated in June.
According to Geojit, Procurement of cotton is likely to be delayed by 10-15 days in Maharashtra and Telangana because of rains, a senior official of Cotton Corp of India said.
According to Geojit, India's non-basmati rice exports were around 3.9 mln tn during Apr-Aug, up 84% from the year-ago period, according to data from Agricultural and Processed Food Products Export Development Authority.
According to Geojit, As COVID-19 raged across the globe, leading to lockdowns in key markets such as the European Union, coffee exports from the subcontinent were stymied. A smaller crop made it a double whammy.
According to Geojit, As COVID-19 raged across the globe, leading to lockdowns in key markets such as the European Union, coffee exports from the subcontinent were stymied.
According to Motilal Oswal, Industrial metals got a booster shot last week, with most metals surging to multi month highs after a brief correction.
According to Motilal Oswal, NCDEX Soya bean has broken out of the consolidation zone which indicates strength in the prices of the commodity.
According to Motilal Oswal, Oil ended the week on strong note, with a near double digit weekly gains of 10% all thanks to the supply disruptions propping the market back in the green lane after two weeks in the red.
According to Motilal Oswal, Gold prices traded in a broad range, amidst many important events and data points which were lined up that contributed to the volatility, price movement was limited to a ~$60 range, marking a high of $1936 and low of $1877.
According to Geojit, After rising 7% in September, castor seed prices are expected to rise another 10% over a month mainly due to forecast of a smaller crop and rise in overseas demand for castor oil, traders and market participants said.
According to Geojit, The government today permitted the export of Bangalore rose onion and Krishnapuram onion up to 10,000 tn each with immediate effect, Directorate General of Foreign Trade said in a notification.
According to Geojit, India is likely to have little or no sugar to export over the coming years as the industry is seen diverting excess sugarcane for the production of ethanol, food secretary Sudhanshu Pandey said.
According to Geojit, Multi Commodity Exchange Clearing Corp, the clearing arm of the Multi Commodity Exchange of India, has issued a guideline for members and participants who desire to deposit cotton bales at accredited warehouses for delivery.
According to Geojit, The Food Corp of India has procured 536,000 tn rice from Punjab and Haryana so far in 2020-21 (Oct-Sep), a senior government official said.
According to Geojit,A fresh low pressure seen forming over the North Andaman Sea and the adjoining Bay of Bengal around Friday may delay the withdrawal of monsoon from the country, the India Meteorological Department said.
According to Motilal Oswal, NCDEX Soya bean traded with negative bias for the third straight week and is facing strong resistance at Rs.4035 of 61.8% retracement.
According to Geojit,The government is set to provide 1.52 mln tn of certified seeds for sowing in the upcoming rabi season, 8% higher than the quantity farmers need, in order to help meet its target of record wheat output in 2020-21 (Jul-Jun), a senior government official said.
According to Geojit, India received above-normal monsoon rain for the second straight year, with showers during Jun-Sep at 109% of the long-period average, the India Meteorological Department said.
According to Geojit, After scaling all-time highs in August, average prices of tea at major auction centres in the country have retreated from those levels as operations in the sector are gradual returning to normal.