Market News Today

Malaysian palm oil futures halted a six-day drop on Monday, spurred by rising soyoil prices. However, prospects of increased palm production, falling oil prices, and a stronger ringgit moderated the gains.

India's rice export prices hit a three-month low due to weak demand, with the 5% broken parboiled variety quoted at $538-$546 per ton. Buyers are delaying purchases in anticipation of further price drops.

Brazil, the leading soybean exporter, significantly increased production to meet global demand, harvesting an impressive 160 million metric tons last year—almost double the yield from a decade ago.

Bayer collaborates with AlphaBio Control to launch a pioneering bioinsecticide for arable crops, aiming to combat pests like the cabbage stem flea beetle. The initiative aligns with Bayer's commitment to sustainable agriculture and reducing environmental impact while meeting farmers' needs.

The Indian government aims to hasten fertilizer subsidy payments, enhancing efficiency via the Direct Benefit Transfer (DBT) system, ensuring 100% subsidy payment to manufacturers and importers based on actual sales, reducing disbursement time to a week.

Charkhi Dadri's mustard traders have halted purchases in protest against an inconsistent 5% GST, disrupting the supply chain. This GST is directly impacting the small farmers and buyers at large.