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Chana Price Movements and Market Dynamics (April Week 3)

Chana Price Movements and Market Dynamics (April Week 3)

Chana prices declined during the week ending on 20 April 2024. Increased crop supply and weak demand from millers and traders are impacting price trends. Stockists have already made significant purchases, and millers are buying as per immediate needs anticipating increased arrivals.
OfBusiness Grains Daily Market Report | 24th April 2024
Grains
Daily Market Report
24 April

OfBusiness Grains Daily Market Report | 24th April 2024

At Lawrence Road, wheat prices from Rajasthan, U.P. and M.P. weakened by Rs. 15 to range between Rs. 2430-2445/quintal. Maize prices in Chhindwara started at Rs. 2140-2230/quintal.
OfBusiness Rice Daily Market Report | 24th April 2024
Rice
Daily Market Report
24 April

OfBusiness Rice Daily Market Report | 24th April 2024

In Karnal, Sugandha (sella golden) is priced at Rs. 6300/quintal, 1121 (raw) at Rs. 9100/quintal and 1509 (steam) is quoted at around Rs. 7500/quintal.
OfBusiness Pulses Daily Market Report | 24th April 2024
Pulses
Daily Market Report
24 April

OfBusiness Pulses Daily Market Report | 24th April 2024

The prices of new chana from Rajasthan stabilized at Rs. 6275-6300/quintal on Lawrence Road, while M.P. new chana was quoted at Rs. 6250/quintal during this period.
As tensions mount in Red Sea, freight charges, insurance premiums may surge further

As tensions mount in Red Sea, freight charges, insurance premiums may surge further

Rising Red Sea tensions potentially lead to increased freight charges and insurance premiums, posing implications on Indian exporters. This may adversely affect India's already grappling commodities market and escalate costs for Indian consumers.
Wheat futures extend climb on short-covering, Middle East tensions

Wheat futures extend climb on short-covering, Middle East tensions

Chicago wheat futures surged nearly 1%, marking a third session of gain due to short-covering and Middle East geopolitical tensions. Meanwhile, corn and soybeans too registered marginal growth.
Soy, corn futures rally on bargain buying, geopolitical tensions

Soy, corn futures rally on bargain buying, geopolitical tensions

U.S. corn and soybean prices have surged, prompted by geopolitical tensions and bargain buying, after hitting a six-week low. This rally is stimulating interest in the commodities market and affecting Indian consumers
Russia expresses concern over food safety, warns Pakistan of rice import ban

Russia expresses concern over food safety, warns Pakistan of rice import ban

Russia may ban rice imports from Pakistan due to food safety concerns. This warning follows discovery of a quarantine organism in a recent consignment, violating Russian and international phytosanitary regulations.
Rice war: India’s strategic offensive to counter Pakistan’s EC plans

Rice war: India’s strategic offensive to counter Pakistan’s EC plans

India is preparing to combat Pakistan's effort to expand the geographical indication (GI) tag for its Basmati rice in the European Union. This follows Pakistan's attempt to increase the GI classification from 14 to 48 districts.
China set for bumper harvests of grains and oilseeds, ministry says

China set for bumper harvests of grains and oilseeds, ministry says

China anticipates a bumper harvest of grains and oilseeds this year owing to increased winter wheat and rapeseed planting along with healthy seedling growth, as per the country's agriculture ministry.

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