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Telangana Procures Sunflower
from Markfed as Prices
Dip Below MSP

Telangana Procures Sunflower from Markfed as Prices Dip Below MSP

24 February 2024

Telangana, facing a decline in sunflower prices below the MSP, urges farmers to refrain from distress sales. Agriculture Minister Tummala Nageshwara Rao assures government intervention and instructs TS MARKFED to procure sunflower below MSP.

Onion Traders
Weep as Market
Faces Glut

Onion Traders Weep as Market Faces Glut

01 February 2024

The onion market is experiencing a significant crash in prices due to an oversupply caused by farmers cultivating a second crop this season. After soaring to over ₹100 per kg in 2023, small and medium-sized onions, previously priced between ₹20–₹25 per kg, have plummeted to ₹5–₹10 per kg at the Agricultural Produce and Livestock Market Committee (APMC) in Yeshwanthpur.

Robusta Coffee Hits Record High Amid Global Supply Issues

Robusta Coffee Hits Record High Amid Global Supply Issues

31 January 2024

Record Highs: Robusta coffee prices surge, impacting growers amid supply challenges.

India's Cotton Prices in Fluctuating Low

India's Cotton Prices in Fluctuating Low

31 January 2024

Indian cotton prices remain at a low despite global cotton prices reaching three-month highs. Textile industry insiders note unprecedented volatility, attributing short-term fluctuations to rapid price increases followed by sharp downturns. Shankar-6 prices, a benchmark for exports, declined to ₹55,150 per candy on Tuesday, the lowest since January 18.

Western UP Sugarcane Farmers Consider Maize Shift Due to Low Yield

Western UP Sugarcane Farmers Consider Maize Shift Due to Low Yield

31 January 2024

Western UP sugarcane farmers, dissatisfied with a 10-13% drop in yield, are contemplating a shift to maize. Jitender Hooda from Shamli district plans to convert a portion of his sugarcane field to maize, citing increased demand and better prices offered by ethanol companies at ₹2,300/quintal.

Oct-Dec Sees Decline in Domestic Soyameal Offtake

Oct-Dec Sees Decline in Domestic Soyameal Offtake

30 January 2024

During the initial three months of the 2023-24 oil year starting in October, the uptake of soyameal by the domestic feed and food sector has been lackluster. According to the latest data from the Soyabean Processors Association of India (SOPA), feed sector consumption from October to December totaled 18.5 lakh tonnes, reflecting a 2.6% decline compared to the same period last year.

Edible oil Importers will have a wider choice

Edible oil Importers will have a wider choice

27 January 2024

Increased global soyabean production, anticipated to grow over 6%, is expected to provide Indian edible oil importers with more choices. Some industry leaders suggest that soya oil may compete with sunflower and palm oils for market share. Projections from various agencies put the global soyabean crop at 392-398 million tonnes in 2024.

Soyabean, meal prices under pressure on rising global supplies

Soyabean, meal prices under pressure on rising global supplies

27 January 2024

Soyabean and soyameal prices are facing downward pressure due to increased global supplies and a decline in prices. Modal prices of soybeans in Madhya Pradesh mandis are currently below the minimum support price (MSP).

Red Sea crisis begins to hurt India's Spices Export

Red Sea crisis begins to hurt India's Spices Export

27 January 2024

Spice exports from India are encountering disruptions due to the Red Sea crisis, resulting in longer shipping routes via the Cape of Good Hope and increased freight rates. Gulshan John, Managing Director of Net Spices in Kochi, highlighted the challenges faced by high-value cargo shipments like spices, emphasizing the impact on committed schedules.

In spite of Houthi threat, it is smooth sailing for Russian oil via Red Sea

In spite of Houthi threat, it is smooth sailing for Russian oil via Red Sea

04 January 2024

Recent attacks by Yemen-based Houthi rebels on commercial vessels have not disrupted the flow of Russian crude through the Suez Canal-Red Sea route. Despite global shipping lines and oil companies avoiding the area, tankers carrying Russian crude continue to use the Red Sea route to reach Asia, particularly India and China.

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