Agri Commodities

Instability in prices of perishables must be addressed

MP, Chhattisgarh, and Rajasthan go to polls in less than a year. They produce important agri-commodities. Centre in dilemma: higher prices will be inflationary, lower prices will trigger farmer wrath

India's export of agriculture and allied commodities rose 11.97 per cent to USD 30.21 billion during April-October period of current fiscal year, the agriculture ministry said on Monday. The exports stood at USD 26.98 billion in the same period of 2021-22, it said in a statement. Wheat, basmati rice, raw cotton, castor oil, coffee, and fresh fruits were major commodities exported from India. The overall export of agri and allied commodities rose 20 per cent to USD 50.24 billion in 2021-22, when compared with USD 41.86 billion in the previous year, it added. The ministry said there was improvement in the farm produce logistics with the introduction of 'Kisan Rail' service in July 2020. Till December this year, Kisan rails were operated on 167 routes in the country. Around 1,260 wholesale mandis in 22 states and three union territories have been integrated with the electronic-National Agriculture Market (e-NAM) with 1.72 crore farmers and 2.13 lakh traders registered on the platform

Data showed that before the ban last year, the aforementioned commodities contributed nearly 54 per cent of the total deposits in NCDEX between April 2021 and July 2021

Suspension of futures trading has not helped

The Jammu and Kashmir administration Thursday constituted an expert committee to frame a comprehensive export promotion policy to identify agricultural commodities in the Union Territory that can be exported. The main objective of the policy is to increase annual agricultural exports from Rs 190 crore currently to Rs 3,000 crore over the next five years, a senior officer said. "The primary assignment of the committee would be to develop commodity-specific export promotion recommendations which shall include strategic and operational aspects of the export and shall provide all necessary technical inputs to the agriculture production department within one month for finalization and implementation on the ground," he said. The policy would promote the brand "Jammu and Kashmir" for its pristine agro-climatic conditions, uniqueness and near-organic quality, the officer said. It would aim to bring a paradigm shift in the approach from mere harvesting and selling of produce at the local le

India should take advantage of higher global food prices

For tur and urad, the cargo should arrive in India before June 30, 2022

Crude palm oil clocked an average volume of around Rs 200 crore daily on the Multi Commodity Exchange

Says 2022 going to be difficult year on higher commodity prices

Agriculture Minister Narendra Singh Tomar on Thursday said India has the potential to become number one in production of all commodities with the strength of its farmers and farm scientists. The minister was speaking after launching the National Food and Nutrition Campaign for farmers. The event was organised by the Indian Council of Agricultural Research (ICAR), an official statement said. Tomar said the country has made great achievements in the field of foodgrains. "Our country is number one or two in the world in agriculture and allied products. Our farmers and scientists have so much power that if we compete in the world, we can be number one in almost all commodities," he said. The minister noted that the country has made tremendous progress in terms of production productivity. However, he said in the 75th year of independence, "we are standing at such a stage, where we have to introspect as well as consider the challenges and their solutions." Tomar said the ICAR has been

The strong margins and cost synergies have augured well for EBITDA margin expansion of 270 basis points (bps) at 22 per cent during the quarter

Most brokerages have a positive stance on India's sugar industry as it appears well poised to benefit from global and domestic factors

Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22

With the bilateral agreement on geographical indications (GIs) entering into force, the EU and China will work on promoting the registered agri-food products as well as protecting the iconic names

The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price

This transaction creates an alternative asset class through Agri-commodities

Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December

The lockdown-led supply disruption may weigh more on earnings of export-oriented players, say analysts

Challenges remain on the ground. Curfew passes are also difficult to obtain from DMs, collectors