Commodity News ...

Rs10 Lakh crore investors’ wealth wiped out in 1 week; buy on dips or sell on rallies?

Wed - 2018-02-07 02:41:12

Emami announces strategic investment in Brillare Science for 26% equity stake through CCPS

Mon - 2018-02-05 04:41:52

Eight Core Industries at 4% in December | Trade Nivesh Investment

Wed - 2018-01-31 05:48:41

What is Long Term Capital Gain and why it important for investors?

Sat - 2018-01-27 11:04:30

RBI: Existing NBFC cannot operate as peer-to-peer lender

Thu - 2018-01-11 09:48:01

Investors getting notices for investing in scheme allowed by Rajan: Report

Mon - 2018-01-01 03:06:09

Bandhan Bank to offer 11.9 crore shares in IPO

Mon - 2018-01-01 02:50:25

Govt procures 5.60 lakh tonnes of Pulses under PSS so far | Trade Nivesh Investment

Thu - 2018-02-08 03:07:37

Bamboo fiber to replace Cotton in cloth production

Mon - 2018-02-05 05:26:30

India to become self-sufficient in Pulses in FY19: Govt |Trade Nivesh

Mon - 2018-01-29 10:40:51

Gujarat urges centre to procure more Groundnut

Sat - 2018-01-27 03:02:08

Fresh buying seen in Cardamom; Support seen at 1123.4

Mon - 2018-01-01 01:36:58

Support seen at 17640 for NCDEX Jeera

Mon - 2018-01-01 01:27:24

Base Metals Record Smashing Gains In 2017

Mon - 2018-01-01 01:20:03

Dollar Continues Its Decline on Last Trading Day of the Year

Fri - 2017-12-29 04:41:45

Dollar edges lower as oil price gain boosts commodity currencies

Wed - 2017-12-27 05:42:00

Market extends gains; Sensex jumps over 500 points

Thu - 2018-02-08 03:15:44

Sensex, Nifty erase gains on global cues, ahead of RBI policy

Wed - 2018-02-07 02:45:09

5 stocks you should avoid buying on Union Budget day Trade Nivesh Investment

Thu - 2018-02-01 11:25:02

Sensex rallies over 300 points; Auto, IT, Metal Index gain | Trade Nivesh

Mon - 2018-01-29 10:33:48

Delta Corp scales all-time high on solid Q3 results

Tue - 2018-01-16 11:33:32

RCom snaps 4-session winning streak on profit booking

Mon - 2018-01-01 12:20:42

Kotak Mahindra Bank hikes marginal cost based loan rates by 5-15bps

Mon - 2018-01-01 12:19:21

Top stocks in focus today: Auto stocks, BoB, SAIL, L&T

Mon - 2018-01-01 11:11:40

Profit booking, low volumes subdue key equity indices

Mon - 2018-01-01 11:07:33

Live News

Sat - 2016-10-15 12:56:11

India to become self-sufficient in Pulses in FY19: Govt |Trade Nivesh

ndia is set to achieve self sufficiency in pulses in FY 2018-19, wth a high kharif output and likelihood of record rabi season production due to an all-time high acreage and favourable agro climatic condition.

Until last year, that is 2016-17, India remained heavily dependent on import of pulses of different varieties, including Chick Peas from Australia, Tur from Myanmar and other varieties from Canada and a number of non-consuming but large-growing African countries.

Apex industry body, India Pulses and Grains Association (IPGA), puts India’s import at around 5.7 million tonnes of pulses during FY2017, almost similar to 5.8 million tonnes imported during the previous financial year.

According to the Directorate General of Commercial Intelligence and Statistics (DGCIS), India has imported pulses worth $2.47 billion for the period between April and November 2017 to meet its growing consumer demand. During financial year 2016-17, India had set a record in imported pulses at $4.24 billion, up from $3.90 billion the previous year.

“Pulses output during the kharif 2017 season is estimated at 8.71 million tonnes, slightly lower than last year’s level of 9.42 million tonnes. With increase in acreage and better seed distribution and agro climatic condition, we are estimating total acreage at 16-16.5 million hectares, due to which about 2.5-3 million tonnes of additional pulses during rabi 2017 season, which would be available for marketing in FY 2018-19. This means total pulses availability in India would be around 24-25 million tonnes, over and above nearly two million tonnes of buffer stock available with the Food Corporation of India (FCI). So, India does not need to import pulses. Some specific varieties might be compensated with exports of the varieties grown largely in India,” said a senior government official.

With a steady growth of 4-5 per cent, India requires around 24 million tonnes of pulses a year to fulfill its demand.