Indian wheat prices soared to a record high on Monday, driven by dwindling supplies and strong demand from flour mills struggling to operate at full capacity. Industry officials shared these insights with Reuters. Inflation and Economic Implications The surge in wheat prices is expected to push retail inflation higher. While inflation had eased in November…
The government has set a cautious wheat procurement target of 30 million tonnes for the 2025-26 rabi marketing season. This decision comes despite the Agriculture Ministry’s projection of a record-breaking wheat production of 115 million tonnes for the 2024-25 crop year, which spans from July to June. The marketing season begins in April 2025. The…
India has reduced the export duty on parboiled rice from 20% to 10%, the government announced in a Friday notification. The decision comes as the country’s rice inventories grow and farmers prepare to harvest a new crop in the coming weeks. This cut in export duty is expected to lower India’s export prices, increase shipments,…
An ACFI-EY report projects that with the right support, India’s agrochemical exports could exceed Rs 80,000 crore in the next four years. Currently, the industry exports more than Rs 43,000 crore, leveraging its competitive edge in quality and affordability to achieve this ambitious target. The report, titled “Indian Agrochemical Industry: The Story, the Challenges, and…
