Cumin prices see sharp jump on crop shortfall

After cleaning, sorting and packaging, cumin is being sold in the retail market at prices ranging from Rs 275 per kg to over Rs 300 per kg (Rs 5,500 to Rs 6,000 per 20 kg), says Arvind Patel, a cumin trader in Unjha. Read More | Source: The Financial…

View More Cumin prices see sharp jump on crop shortfall

Edible oil prices to come down as Indonesia lifts export ban

India imports about 55% of its annual edible oil consumption. Annual imports of edible oil is around 13 million tonne (MT), mostly palm oil (8 MT), soyabean and sunflower. Palm oil imports are from Malaysia and Indonesia. Read More | Source: The Financial Express…

View More Edible oil prices to come down as Indonesia lifts export ban

Indonesia lifts ban on cooking oil export as supply improves

Pressure on the global supply of cooking oil has increased because of the war in Ukraine, which accounts for nearly half of the world’s sunflower oil on top of the 25per cent from Russia. Read More | Source: The Financial Express…

View More Indonesia lifts ban on cooking oil export as supply improves

Mandi prices of wheat fall, but still marginally above MSP

Traders say that only a small quantity of wheat crop is held by farmers currently, as major chunks have been purchased by traders by paying higher than MSP prices in anticipation of a surge in exports. Read More | Source: The Financial Express…

View More Mandi prices of wheat fall, but still marginally above MSP

Govt considers cotton export ban proposal to curb price increase

“The proposal (to ban exports) is on the table, along with other possible options. A decision will be made soon, after considering the pros and cons of all these options,” an official source told FE. However, any such ban, if finally approved, will likely be reviewed before the arrivals of…

View More Govt considers cotton export ban proposal to curb price increase

Union Minister Piyush Goyal tells stakeholders to resolve cotton price issue

Goyal asked the stakeholders to resolve the price rise issue with collaboration without pushing the government to intervene which, the minister warned, would have a long-term impact on cotton value chain, the ministry said in a release. Read More | Source: The Financial Express…

View More Union Minister Piyush Goyal tells stakeholders to resolve cotton price issue

India should reconsider its decision to restrict wheat exports: USA

India, the world’s second-largest wheat producer, has restricted wheat exports to combat high domestic prices and crop damage caused by heat waves. Read More | Source: DNA…

View More India should reconsider its decision to restrict wheat exports: USA

Wheat export ban: Traders staring at huge losses as mandi prices fall up to 8%

Wheat prices have declined around 8% since Friday in mandis across Gujarat. In Punjab and Haryana, where procurement operations have been largely completed, a few farmers sold wheat at around Rs 2,020 per quintal on Monday, just above the MSP. Read More | Source: The Financial Express…

View More Wheat export ban: Traders staring at huge losses as mandi prices fall up to 8%

Ensure best possible security for Kashmiri Pandits: Delhi CM Arvind Kejriwal to Centre

CM urged Centre to take steps to ensure best possible security arrangements for Kashmiri Pandits in wake of killing last week of government servant. Read More | Source: DNA…

View More Ensure best possible security for Kashmiri Pandits: Delhi CM Arvind Kejriwal to Centre

Centre asks wheat-producing states, UTs and FCI to continue procurement till May 31

The Central government had, on May 13, decided to restrict export of wheat to rein in high prices of the food grain. Read More | Source: DNA…

View More Centre asks wheat-producing states, UTs and FCI to continue procurement till May 31

After 8-year high annual inflation in April, domestic prices to soar amid wheat exports ban in India

Wheat prices in India have risen to record highs, in some spot markets hitting 25,000 rupees ($320) per tonne. Read More | Source: DNA…

View More After 8-year high annual inflation in April, domestic prices to soar amid wheat exports ban in India

Future tense for textile value chain as cotton price zooms

Even the government’s decision to abolish import duty on cotton has not provided the much-needed reprieve to the ailing textile industry, the second biggest employment generator after the agriculture sector. Read More | Source: The Financial Express…

View More Future tense for textile value chain as cotton price zooms

Crude oil fundamentals remain bullish, MCX crude May futures likely to take support at Rs 8,150 per barrel

WTI Crude oil futures have rallied almost 5 percent so far in May after the EU proposed a ban on Russian oil and OPEC+ output fell short of targets Read More | Source: The Financial Express…

View More Crude oil fundamentals remain bullish, MCX crude May futures likely to take support at Rs 8,150 per barrel

India’s oil import from Russia minuscule, legitimate energy transactions can’t be politicised: Govt

The world’s third-biggest oil-consuming and importing nation has in recent weeks snapped few cargoes available from Russia at deep discounts as part of its plans to diversify its import basket. These purchases have been commented upon. Read More | Source: The Financial Express…

View More India’s oil import from Russia minuscule, legitimate energy transactions can’t be politicised: Govt