FE Commodities

Cotton Corp procures 1.04 crore bales, a global record

The Cotton Association of India has pegged 2019-20 crop at 354.5 lakh bales, compared with 312 lakh bales last year.

Imports of edible oil in May lowest since 2011

The decline of import in April and May is mainly due to the shutdown and disruption in demand from hotels, restaurants, canteens and public functions, according to SEA.

India’s steel demand may slump by 18 per cent this year

India has implemented the most stringent nationwide lockdown measures in the world, bringing industrial operations to a standstill.

Maharashtra govt’s scheme to deal with excess milk yet to take off

Many dairies fear their business will be hit if the government does not pay them soon, he said. There are about 25 dairies in Maharashtra that are converting their excess milk stock into milk powder.

Sugar mills’ working capital requirements to go up: Icra

The domestic sugar mills have contracted close to 4.2 million tonne for exports during 7M SY2020 (until April 2020). Icra expects the exports to be around 5 million tonne given the demand from Indones

Rabi wheat purchases likely to miss record due to delayed start of purchase, lower arrivals

Contrary to expectations, wheat procurement in the ongoing season may not exceed the record of 38.15 million tonne (MT) achieved during the corresponding season in 2012-13 season due to a delayed star

Millers advised to divert excess cane/sugar to produce ethanol

The move comes in the wake of the surplus production and excess availability of sugar, which has been continuously depressing ex-mill prices.

The Centre has advised sugar millers to divert excess sugarcane or sugar to produce fuel-grade ethanol.

NHAI defers plan to generate funds by leasing off its assets

The National Highways Authority of India (NHAI) has put its plan to monetise operational publicly-funded highway projects on hold for two months, given that investors might not commit long-term invest

The total debt of the National Highways Authority of India (NHAI) went up by nearly 9.5 times to Rs 2,28,252 crore in February this year, from Rs 24,188 crore as on March 31, 2015.

Half of wheat purchase target met despite delayed start

The Food Corporation of India (FCI) has been able to buy half of its wheat procurement target of 40.7 million tonne by Wednesday despite a delayed start this year as Punjab has exceeded expectation by

While the government has fixed the wheat MSP at Rs 1,925/quintal, traders were buying the grain at about Rs 1,700-1,800/quintal in Gujarat and Rajasthan before the start of the official procurement.

Indian cotton prices under pressure due to lockdown and fears of drop in consumption: CAI

Indian cotton prices have come down by 12-15% due to the ongoing lockdown and fears that the country’s cotton consumption will reduce, resulting in more carry-forward stocks by September 2020, offic

Ramadan glut, crude oil slump drag basmati paddy futures down 6%

Pusa 1121 paddy spot price has dropped from Rs 30 per kg to Rs 28 per kg. Traders feel it might hover in the Rs 23-25 per kg price band in coming days.

Unseasonal rains hit mango production in Andhra Pradesh

Mango is a major crop in West Krishna and Nuzividu regions grown in about 50,000 hectare.

Coronavirus outbreak: Rs 1,000 crore of Gujarat’s cotton yarn exporters stuck

Banks start procedure of transferring money through letter of credit (LC) only after they receive necessary documents.

According to yarn exporters, after the dispatch of yarn shipment, it would take 12 to 14 days to prepare BoL.

Horticulture pile-up: Farmers’ losses seen at Rs 15000 crore

The pile-up of harvested or un-harvested perishables may have caused farmers a loss of around Rs 15,000 crore. Market arrivals of fruits and vegetables have sharply fallen since the imposition of the

40 sugar mills in Maharashtra apply for permission to manufacture sanitiser

The sanitiser industry operating in the states/UT administrations should be motivated to run their units in all three shifts so that they can utilise their installed capacity to produce the maximum qu

National Federation of Cooperative Sugar Factories urges Centre to ensure uninterrupted mill operations

Meanwhile, the All India Sugar Trade Association has approached the department of food and public distribution seeking permission for the movement of workers, transport vehicles engaged in production

Seed makers demand free movement of agri-inputs ahead of kharif season

The seed industry has sought government’s help to ensure there is adequate production, processing, packing and transportation, and timely supply of seeds to meet demands.

Corona impact: 56 APMCs shut in Maharashtra; Pune market to remain shut till March 31

Around 56 market committees in the state remained shut in Maharashtra on Monday, according to a daily survey conducted by the Maharashtra State Agriculture Marketing Board (MSAMB).

CAI retains cotton estimates at 354.50 lakh bales for February

Exports from October 1, 2019, to February 29, which have already been shipped, are estimated at 27.50 lakh bales while the balance of 14.50 lakh bales are expected to be shipped from March 1 to Septem

cotton, cotton industry

Wheat crop yield unaffected despite unseasonable rainfall

The government's second advance estimates released last month have pegged wheat output at 106.21 million tonne for 2019-20 crop year (July-June), up by 2.5% from a year earlier.

Kerala pumps Rs 18 crore to whip fizz to its coconut toddy business

When launched, in 2014, coconut toddy Neera was ambitiously touted to fetch Rs 50,000 crore annual turnover to Kerala, through 29 private companies.

coconut, coconut production, kerala

Sugar production till Feb end declines 22% to 19.5 million tonne

From October 1, 2019, till February 29, 2020, there were 453 sugar mills in operations, against 520 mills in the same period last sugar season.

sugar, sugar production

Maharashtra sugar mills now have to sign separate agreement with farmers for cane registrations, supply and payments

Earlier factories would sign a single agreement with farmers that contained details on the cane variety, amount of cane supply and the FRP to be paid in instalments to far

sugar, sugar industry

Need to build strategic reserve of natural rubber in bid to meet month’s requirement: KM Mammen

The present slump in rubber prices has prolonged challenging the sustainability of rubber cultivation in terms of its economic and social impacts.

rubber, natural rubber
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