Market News Today

Wheat mandi rates reflected upward trends during the week ending on 27 April 2024. Mandi arrivals decreased, leading to increased demand. Despite a positive start to wheat procurement for the 2024-25 season, total procurement by April 25 was 17% lower than last year.

Punjab's cotton production witnesses a surge despite a reduction in cultivation area, attributing improved yield to the usage of high-quality seeds and advanced agricultural practices.

Brazil sees a rise in poultry exports in March, spurred by a strong demand globally, particularly from China, according to CEPEA. This has implications on international poultry trade and prices.

India's beverage and dairy industry aims for a 25% growth this summer, with cola companies bullish on recovery. This expectation comes from increases in home consumption and easing COVID-19 restrictions.

Demand for Indian cotton remains strong, resulting in significant gains for the commodity in the market. This bullish trend showcases international buyers' trust in India's cotton quality.

Palm oil prices surge for a second session due to robust foreign demand. However, expected increased production could limit this rise, impacting the commodities market in India, a leading consumer of palm oil.

Soybeans experience a slight dip after recent highs but manage to maintain overall gains. This movement is closely watched by market experts and directly affects India's agricultural trade landscape.

The Indian government plans to crack down on hoarders of tur and urad dal due to soaring prices. This strategy aims to enhance supply and offer some relief to consumers affected by inflation.

Workforce deficiency and high pulse prices weigh on Dal mills in Indore, leading to operation disruption and threats to supply regularity, raising worries about the potential impact on local food pricing.

Prices of Jeera (cumin) fell due to anticipated increase in market arrivals, likely affecting trader sentiment and overall commodity trends in the Indian market.