Agri Commodities Daily Report 23 March 2024

Prices of gram and arhar fast, prices of other pulses stableWheat prices stable, guar gum and seed prices frozenNew Delhi. In Delhi, gram prices have increased by Rs 50 due to demand at lower prices. However, its price is not rising yet. The weather is favorable in the producing states, hence the arrival of new …

LaNina Threat Increases for India, Raising Flood Risk

Global weather agencies warn that India may face the return of La Niña conditions as early as June, increasing the likelihood of heavy monsoon rains and potential flooding. This development comes as the current El Niño cycle, which has contributed to deficient rainfall across parts of India, begins to dissipate.“While El Niño continues near its …

GIMNI Encourages Government to Apply POME Export Tariffs Equal to CPO

Executive Director of the Indonesian Vegetable Oil Industry Association (GIMNI), Sahat Sinaga at the iftar event at the Office of the Indonesian Bioefuel Producers Association (APROBI), Kuningan, Jakarta, Thursday (21/3). The government is asked to impose export tariffs on palm oil mill effluent (POME) the same as crude palm oil (CPO). This was conveyed by …

Cotton Dropped After CAI Revised Production Estimates Upwards To 309.70 Lakh Bales

Cotton prices experienced a decline of 0.39% yesterday, settling at 60640 rupees, driven by several factors affecting the global cotton market. The Cotton Association of India (CAI) revised its cotton production estimates upwards for the current season, projecting an increase to 309.70 lakh bales, contributing to increased supply expectations. Similarly, the Cotton Corporation of India …

China s import of grain and oil crops to remain robust in 2024

China’s grain and oilseeds imports will remain at record highs in 2024 despite a recent series of cancellations of previously contracted volumes, as lower global prices and domestic production shortfalls encourage purchases, Reuters reports. Market participants expect China’s trade activity to pick up from April and the country’s total imports in 2024 to be similar …

SEA asks stakeholders in veg oil sector to jointly address challenges

Fragmentation nature of industry’ has limited influence on government policy formulation, says association chief Ajay Jhunjhunwala The Solvent Extractors’ Association of India (SEA) has asked all associations representing various facets of the vegetable oil industry to come together to collectively address the challenges facing the sector. In his monthly letter to the SEA members, Ajay …