[ad_1] After flattening out in July this 12 months, costs of foodgrains are more likely to replicate the demand-supply fundamentals, although they are going to possible rule at elevated ranges for the rest of the 12 months and 2023, analysts say.Climate and crop stories are transferring the markets with provide issues being factored in. Over the previous month, wheat costs have gained by 5.5 per cent, corn by over six per cent and rice by practically two per cent.Nonetheless, analysis company Fitch Options Nation Danger and Business Analysis, a Fitch group unit, the worldwide rice market is now underneath extreme…
Author: Subramani Ra Mancombu
[ad_1] Why has India imposed a ban on wheat exports? 5 causes could be attributed to the ban. One, wheat manufacturing this yr is feared to be decrease than 100 million tonnes (mt) in opposition to preliminary estimates of a report 111.32 mt. Two, procurement by the Meals Company of India (FCI) dropped by over 50 per cent in contrast with final yr. Three, wheat costs within the nation started to extend within the wake of export demand triggered by the Russia-Ukraine warfare and hovering inflation. 4, a pointy surge in international wheat costs that might have affected Indian shoppers…
[ad_1] Ninjacart, one of many nation’s largest tech-driven provide chain platforms connecting contemporary vegetable and fruit growers with grocery shops and retail chains, will create the biggest agri provide chain platform that may profit all gamers within the agriculture sector, the start-up’s prime official has stated. The platform, which can be additionally hosted by the startup, is prone to be arrange “within the coming quarter”, stated Thirukumaran Nagarajan, co-founder and Chief Government Officer, Ninjacart, informed BusinessLine. MoU with Agri Ministry The agency has signed a memorandum of understanding (MoU) with the Union Ministry of Agriculture and Farmers’ Welfare to strengthen market…