Agricultural Commodities

Agricultural commodities' prices rise on logistic and supply disruptions

Abundance of availability to cool down their prices in the weeks to come

Zuari Agro Chemicals net loss in March qtr widens to 304 cr on poor sales

Net income declined to Rs 1,031.93 crore during quarter under review from Rs 2,001.30 crore in the corresponding period of the preceding fiscal

Govt promulgates ordinances on inter-state agri trade, contract farming

However, both of Ordinances give unbridled power to the lower bureaucracy in times of dispute between farmers and buyers that can be companies in case of the Contract agreement.

Existing APMC laws restrict trade, competition: Ramesh Chand of NITI Aayog

He says that the APMC system did not evolve with changes in time and requirement

Average mandi prices of most agri commodities show mixed trend in April

A disruption in supply chain means that the arrival of commodities across the nation's main mandis remained a cause of concern

Crude oil-linked agro commodities fall sharply, Guar, CPO lead decline

CPO is used to make bio-fuels and is influenced by the movement in crude oil; Guar gum fell because it is used in fracking, a method of extracting shale gas

Sebi directs comexes to do performance review of commodity contracts

The move is important because it will bring to light the utility, hedging and other key aspects of all contracts

Sebi firms up risk management guidelines in commodity futures trade

For the first time, it has provided options for clearing corporations to divide commodities into three broad categories, depending on realised volatility over the previous three years

NCDEX's turnover halved in two weeks over castor seed futures default

Exchange says it's strengthening risk management, seeking feedback

Tariff changes fail to lift mandi prices of pulses, oilseeds

Though the government has taken a series of measures since late August to push up prices of agricultural commodities, this hasn't yielded much on the ground.The price of soybean seed and groundnut seed, for instance, grown during the kharif season, and of mustard, planted in the rabi season, has remained below or barely at the government's Minimum Support Price (MSP) since September. According to data sourced from agmarket.nic.in, barring masur (red lentil), the prices of most kharif and rabi pulses -- moong (green gram), chana (Bengal gram), urad (black gram) or tur -- have stayed below the MSP. In the case of chana, the price in September was Rs 5,725 a quintal at the Amravati mandi in Maharashtra, which remained so till October. Since then, it has slid and was quoted at Rs 3,500-3,700 a qtl this month before the government's raising of import duty to 30 per cent pushed it to Rs 4,000 a qtl -- still below the MSP of Rs 4,400 a qtl. In the case of wheat, though, doubling of import ..

Sebi asks commodity bourses to identify 'sensitive' agricultural products

Sebi said these commodities would be categorised based on the average of production & import data