5 10, 2017

India likely to double import duty of Wheat

2017-10-05T17:10:13+00:00 October 5th, 2017|Agri Commodities|

Commodity Online |Oct 05,2017 The government is likely to increase import duty on Wheat to 20-25 per cent from 10% to curb cheap shipments and give positive price signal to farmers who will start sowing winter crop after the Diwali festival, an official source said.In March, the government had imposed 10% import duty on Wheat [...]

5 10, 2017

With Jaggery in demand, mills launch hunt for canes

2017-10-06T10:22:25+00:00 October 5th, 2017|Agri Commodities|

Commodityonline |Oct 05,2017 Taking into account of sharp increase in demand for Jaggery last year, manufactures are ready for a purchase battle with Sugar mills on purchase of Sugar cane.Jaggery makers usually start their operations in September with this early variety, which offers lower yield than the matured type. Crushing of this type of cane [...]

5 10, 2017

Global cues lift soya

2017-10-16T14:36:41+00:00 October 5th, 2017|Agri Commodities, Economy|

The Hindu Businessline |Oct 05,2017 Improved global cues and scattered physical demand lifted oil prices marginally with soya refined quoted at ₹660-62 for 10 kg, while soya solvent ruled at ₹625-30 for 10 kg. Palm oil gained higher at ₹648, while cotton oil ruled at ₹610-12. Groundnut oil ruled stable at ₹870-900. Amid increased arrival, [...]

5 10, 2017

Higher incomes, health concerns make sunflower oil flavour of season

2017-10-06T10:18:56+00:00 October 5th, 2017|Uncategorized|

The Hindu Businessline |Oct 05,2017 Driven by higher disposable incomes and increased health consciousness, edible oil consumers in India are increasingly turning towards sunflower oil, which has witnessed an increase in consumption by about five-fold rise over the past 15 years.Data compiled by the Solvent Extractors’ Association of India (SEA) noted a steady rise in [...]

5 10, 2017

Yellow peas need procurement ramp-up, not an import levy, which may boomerang

2017-10-06T10:18:03+00:00 October 5th, 2017|Agri Commodities|

The Hindu Businessline |Oct 05,2017 The domestic pulse market is agog with reports that the government is considering levying an import duty on pulses, especially yellow peas, in order to lift indigenous pulse prices, most of which are ruling below the minimum support price. Any such fiscal move would be ill-advised and counter-productive. Without doubt, [...]

4 10, 2017

Bengal paddy output seen higher; prices firm on exports

2017-10-05T17:10:57+00:00 October 4th, 2017|Agri Commodities|

The Hindu Businessline |Oct 04,2017 Heavy rains notwithstanding in several paddy producing districts of West Bengal, production is expected to be better than last year.Heavy showers had flushed away paddy seeds from most of the agricultural land in south Bengal districts of Burdwan, Hooghly, Nadia, Purulia, east Midnapore and west Midnapore. The districts of Cooch [...]

4 10, 2017

Winter crops at risk as muted monsoon cuts water level

2017-10-05T17:09:24+00:00 October 4th, 2017|Agri Commodities|

Economic Times |Oct 04,2017 India’s winter crops may be at risk this year as insufficient showers in some key regions reduced dam levels.The country’s 91 main reservoirs held 103.43 billion cubic meters of water as of Sept. 28, down 13 per cent from the 10-year average, according to the Central Water Commission. The total volume [...]

4 10, 2017

Basmati paddy price firms up on lower harvest, steady demand

2017-10-05T17:07:41+00:00 October 4th, 2017|Agri Commodities|

Economic Times |Oct 04,2017 The price of basmati paddy — the premier long grain rice in its unshelled form — has increased 30-45% from last year as farmers harvest a lower output in India, the largest producer and exporter, even as demand remains steady globally. Traders expect the price to remain firm through this season. [...]

4 10, 2017

Setback for Maharashtra sugar mills on cane payment; here is what commissioner has done

2017-10-05T17:06:32+00:00 October 4th, 2017|Agri Commodities|

Financial Express |Oct 04,2017 Sugar mills in Maharashtra may now have to pay interest on delayed cane payment from the 2017-18 crushing season. The sugar commissioner of Maharashtra has sought details for the calculation and payment of interest to cane growers in case the payments are delayed by millers.As per the Cane Control Order 1966, [...]