Kerala's already struggling plantation sector, especially cashew, spices and rubber, suffered another jolt this month with the rupee strengthening against the US dollar.
Thanks to some inexplicable reasons, rubber futures contracts are witnessing a steep fall for the past few days. This has also hit the spot marker now with prices of benchmark grade RSS 4 dropping below Rs 90 a kg to close at Rs 87 on Friday.
Ingenious farmers in Punjab have decided to hold on to their wheat till the market is ready to offer them better prices.
The proposed SEZ will have various facilities including processing centers and cold storage and other critical infrastructure facilities required for marine food exports.
Caught in an inflation mess, the Central government was hoping for a rescue act from the rain gods this monsoon. But, it seems, the rain gods may not bail out the United Progressive Alliance government from the inflation conundrum.
Commerce and Industry Minister Kamal Nath said on Saturday that India now must gear up for agricultural exports apart from export of manufactured goods and services.
FMC chairman S Sundareshan, while delivering a lecture on 'Commodity Future in India,' strongly advocated the participation of the crucial financial sector in commodities.
Backed by new client wins and increasing business from the existing customers besides the addition of new geographies and focus areas, US-based Sierra Atlantic Inc, plans to go on a recruitment drive this year.
Reliance Money, India's comprehensive financial services and solutions provider, has tied up with Chicago-based Alaron Trading Corporation, a global, full-service commodity futures brokerage firm.
In Uttar Pradesh, it seems, there are no takers for the government agencies as far as wheat collection is concerned.
Manufacturers could effectively lock in a sales price by going short an equivalent amount of goods with futures contracts.
Sugar industry suffered another jolt this week when the Central government dropped its plans to offer incentives to mills for raw sugar exports.
The vision of Punjab and Gujarat is different as far as cotton cultivation is concerned.
King of fruits, mango, will not come cheap this year.
High delivery costs, caused primarily by a fragmented supply chain, bad logistics, together with poor standards are hurting India's horticulture exports much more than trade barriers, according to a World Bank report.
India's apex commodities market regulator the Forward Market Commission (FMC) says there is no plan now to ban futures trading in any other commodity.
That aroma and taste of Basmati will cost you more now. Faced with an increase in crop rates and shortage of supply, the country's major Basmati rice producers have increased the prices of the commodity by an average 10 per cent.
With domestic prices of cotton ruling high, importers have found good parity for buying cotton from abroad and the consignments are expected to land on Indian shores very soon.
Gold has risen from Rs 9,290 on March 5 to Rs 9,530 by mid-April, a rise of 4% while copper rose from Rs 268 on March 2 to Rs 330 by mid-April, a jump of 25%.
The United States, which has always claimed that India's wheat import norms are too stringent, has once again asked the Indian government to relax these norms.
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