Rice, wheat prices show diverging trend amid steady festive demand

By
Tarun Satsangi, commodity analyst at Origo Commodities, said though steady demand ahead of the festive season has kept the prices stable near highs, going ahead, prices may correct gradually due to a slump in demand post-Diwali coupled with traders liquidating their old stocks as the new wheat crop sowing season kicks off by October-end.

from Agriculture-Economy-News-Economic Times https://ift.tt/f1K8OjZ

Comments

Post a Comment

Popular AgriNews

Drought roils crops in 42 lakh hectares in Karnataka worth Rs 30,433 crore

By
The deficit rainfall in Karnataka has caused crop losses in 42 lakh hectares, worth about Rs 30,433 crore, during the six-month kharif season. The drought has affected agricultural and horticultural crops, leading to a 28% rainfall deficit and the third lowest rainfall in the state since 1973. This has resulted in farmers being unable to sow major crops and has posed a challenge in meeting drinking water needs. from Agriculture-Economy-News-Economic Times https://ift.tt/8SsDEuk
Read more

Assam’s bamboo-based refinery generates interest among private investors from varied sectors

By
The Assam Bio Refinery, a joint venture between Numaligarh Refinery Ltd, Fortum, and Chempolis, plans to manufacture ethanol from bamboo starting in March. The refinery has generated interest from energy sector investors, and the company expects returns on investment to increase from value-added products. India is promoting the production of ethanol from non-food biomass to address shortages of food sources like sugar, maize, and rice. from Agriculture-Economy-News-Economic Times https://ift.tt/Msz0Jl6
Read more