-The Hindu Business Line CAI asks officials to take "immediate steps to avoid distortions in Cotton prices." Cotton trade body Cotton Association of India (CAI) has raised concerns about alleged speculative trades taking place on the Multi-Commodity Exchange (MCX) platform. Citing a sharply lower open interest (OI) in MCX Cotton Futures for the May 2022 contract, CAI has flagged serious distortions in Cotton prices causing speculative movements and asked the Exchange to...
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‘Temporary ban on Cotton exports likely’ -Ravi Dutta Mishra
-Livemint.com Cotton prices have touched ₹90,000 per candy. Prices of some varieties of have touched ₹100,000 per candy The Union government may impose a temporary ban on Cotton exports if Cotton prices continue to surge, textiles secretary Upendra Prasad Singh told Mint. The statement comes at a time when the Indian textile Industry is reeling under a spike in Cotton and yarn prices, impacting production and exports. Cotton prices have doubled in barely...
More »Strong demand may bring down closing stock of major farm goods by FY23-end -Sanjeeb Mukherjee
-Business Standard Experts feel this could keep prices of major farm commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time By the end of this financial year or perhaps even earlier, depending upon the crop cycle, India might be staring at a multi-year low closing inventory levels of several key farm commodities. Stocks of sugar, wheat, Cotton and oilseeds both, with traders and...
More »Rabi diversification pays dividends to farmers as mustard prices at all-time high in Punjab -Vishal Joshi
-Hindustan Times Data from Punjab agriculture department says an estimated 1.34 lakh acre was under mustard cultivation in 2021-22, highest in last 15 years. Since 2007, farmers are sowing mustard on 30,000 hectares or 74,000 acres every year Bathinda: After diversifying to mustard crop (about 44% jump) in the 2021-22 rabi season, enterprising farmers are now reaping profit by selling the produce for up to Rs.7,000 per quintal, 28% higher than this...
More »Climbing mercury raises anxiety in farmers -Vikas Vasudeva
-The Hindu The increase in temperature would reduce the quality of harvested wheat since it thrives in cold weather Unusual warm weather conditions, accompanied by a prolonged dry spell in Punjab and Haryana have left farmers and experts anxious, who fear that prevailing climate conditions would not just harm the quality of the ready to harvest wheat crop, but could also delay and increase the cost of cultivation for sowing Cotton, the...
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