-The Hindu Business Line Indian farmers gain as local wheat, maize, soyabean and mustard prices rise Prices of agricultural commodities, particularly wheat, maize, soyabean and palm oil, dropped significantly in the global market during the weekend, after having surged on February 24 when Russia ordered its troops into Ukraine.  The rates of most of these commodities dropped by over five per cent as members of the North Atlantic Treaty Organization (NATO) led by...

-MoneyControl.com India has suspended futures trading in seven commodities with immediate effect in its latest move to rein in soaring inflation. The Finance Ministry has suspended trading in futures contracts of some agricultural commodities for one year to reign in inflation. Trading in seven commodities - paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soya bean and its derivatives, crude palm oil and moong - has been suspended with immediate effect, according...

-Outlook India The latest development will cut the effective import tax on crude palm oil, crude Soya Oil and crude sunflower oil from 24.75 percent till now to 0. The government on Wednesday reduced various import taxes on palm oil, soyoil and sunflower oil ahead of the festive season till March 31, 2022, said the Bureau of Indirect Taxes and Customs. According to Moneycontrol, the latest development will cut the effective import tax...

-The Hindu Increase in pulses production, especially toor dal crop The summer kharif season is likely to produce a record paddy harvest this year, pushing the country’s foodgrain production for the season to an all time high of 15 crore tonnes, according to first advance estimates from the Agriculture Ministry. However, oilseed production is marginally lower than last year, with both groundnut and soyabean harvests slightly, which could be bad news for soaring...

-The Hindu Business Line Poor infrastructure and lack of cohesive government policy continue to haunt oil seed and oil producers Pune: The Centre’s decision to allow the import of 1.2 million tonnes (MT) of crushed and de-oiled genetically modified (GM) soya cake or soyameal has landed Maharashtra’s soya producers in trouble. Maharashtra, along with Madhya Pradesh, is one of the leading soya producing States. Together, these States contribute an estimated 89 per...