Agri Picks Report: Geojit
According to Geojit , The Solvent Extractors' Association has advised its members to reduce the maximum retail price on consumer packs of edible oils, in line with the reduction in import duty, it said in a release. Agri Picks Report: Geojit
According to Geojit , The government has reduced the basic import duty on refined, bleached, and deodorised palm oil, to cool domestic prices, the finance ministry said in a notification.
Agri Picks Report: Geojit
According to Geojit , The Securities and Exchange Board of India asked exchanges not to launch new contracts of some farm commodities, including those of soybean and its derivatives, and crude palm oil. Agri Picks Report: Geojit
According to Geojit , Excess rains in most chilli producing states of south India may have washed away hope of a bumper harvest in the current season as farmers in the region are faced with sizeable crop damage.
Agri Picks Report: Geojit
According to Geojit , Heavy rainfall and a flood-like situation during November in key parts of Andhra Pradesh damaged crops planted over 488,000 ha, leading to production loss of around 1.0 mln tn, a senior official at the state farm department said. Agri Picks Report: Geojit
The US Federal Reserve has left the federal funds rate target range unchanged at 0.00-0.25%, but accelerated the tapering of its monthly asset purchases at a rate that will see the last of the purchases in February. Agri Picks Report: Geojit
According to Geojit , The Central Organisation for Oil Industry and Trade has estimated India's mustard output in the 2021-22 (Jul-Jun) rabi season at 10-11 mln tn because of increase in acreage, it said in a release. Agri Picks Report: Geojit
According to Geojit , The Samyukth Kisan Morcha, the umbrella organisation of farmers' unions, today decided to suspend their year-long protests at Delhi's borders as the Centre agreed to most of their demands, including those regarding minimum support price and withdrawal of police cases. Agri Picks Report: Geojit
According to Geojit , India's cotton exports in the ongoing 2021-22 (Oct-Sep) marketing year have slowed due to higher prices in the domestic market, making overseas sales economically unviable, trade officials said. Agri Picks Report: Geojit
According to Geojit , The Securities and Exchange Board of India today floated a consultation paper on commodity derivatives, which proposed introduction of the "one commodity one exchange" concept for agricultural commodities that have low liquidity.