BL Commodities

#Sugar prices will likely come under pressure during the current season to September as the market is expected to witness about four million tonnes (mt) surplus, say analysts. They are currently ruling near three-month lows. Rabobank USDA Fitch Solutions Think-Ing

Mumbai-based DCB Bank, a private sector scheduled commercial bank, has recently started lending to Farmer Producer Organisations (FPOs) besides offering diversified products in the agriculture sector, its retail and agri loans head Narendranath mishra has said.

#India has approached the #EuropeanCourtofJustice after the #EuropeanUnion rejected India’s application to access the Annexures attached to #Pakistan’s application for protected Geographical Indication (#PGI). The #EU claimed such access would undermine its international relations with Islamabad.

IoTechWorld Avigation Pvt Ltd, one of India’s largest drone manufacturers, has developed a process to directly spray and sow seeds of paddy, chilli and different vegetables. The company’s co-founders Deepak Bhardwaj and Anoop Kumar Upadhyay said the company has developed a process to directly broadcast paddy seeds. They are germinating very well, and the yield is equivalent to the conventional process.

In this 25th episode of #trendingcommoditypicks, we examine the potential consequences for agricultural exports, particularly grains and soybeans, and discuss the implications for exporting nations. businessline

Kelachandra Coffee, one of India’s largest privately held coffee plantation companies, plans to acquire its own curing works in a year to ensure the quality of the beverage and have a fully vertically integrated business-to-business (B2B) with it. Ryana Kuruvilla

Prospects for soyabean look bearish in 2025 on record high Brazilian production, weak Chinese demand stocks, uncertainty over US biofuel policy and potential for escalation of trade tension between the US and China, say analysts. The development does not augur well for Indian soyabean growers, who are currently getting prices lower than the minimum support price of ₹4,892 a quintal. Fitch Solutions USDA Think-Ing Rabobank

Are pulse prices on the rise? In this episode of #Trendingcommoditypicks, we explore the reasons behind the recent decline in pulse prices. We also discuss the impact of record harvests in major producing countries, increased global supply, and India’s significant imports on the domestic market. Learn how these factors are contributing to lower pulse prices in India. businessline

Gold is likely to remain rangebound in 2025 if existing market expectations are correct, a World Gold Council (WGC) outlook for the yellow metal in 2025 has said. However, a combination of higher rates and lower economic growth could “negatively affect” investors and consumers, it said in the outlook put out by its research team. 

Godrej Agrovet Limited’s crop protection business unit has chalked out a four-pronged strategy that will help the company innovate constantly and meet the needs of climate change and global warming, the unit’s Chief Executive Officer NK Rajavelu has said.