Cereals, lentils, oil and spices are on fire

- Commodity Current: Jayavadan Gandhi

Agricultural markets, which were closed last week due to the March ending, reopened on Monday and the revenue of goods started booming again. The highest income of agricultural products is April-May. Prices of most of the agricultural commodities in the current season are bullish, which is giving farmers a huge gain in income over last year. Markets for most commodities, including cereals, oilseeds and spices, are higher than support prices. Demand for wheat and rice in particular is on the rise in India, while India's policy of trading in rupees instead of dollars in global trade, especially in Asian countries, has strengthened the Indian currency. Wheat exports are expected to increase three and a half to four times due to government incentives. Which is estimated to reach one crore metric tons. Wheat exports are gaining momentum as the government has relaxed many things, including licenses, which are included in the free category as per the government's foreign trade policy.

In addition to wheat, the demand for other cereals like rice and maize is also increasing worldwide. Thirty years later and started buying rice from India. From April to December this year, China bought 1.1 million tonnes of rice and Vietnam 3 million tonnes. Currently, the demand for sliced ​​rice is increasing due to high corn prices. As the demand for maize in West-South Asian countries rises, countries like Vietnam, China and Indonesia have started using corn substitutes as animal feed. Maize is being supplied from Kandla port to Oman and Gulf countries. Due to increase in demand, open market prices of maize are Rs. 200 to 300 per quintal. While the support price of maize is Rs. The market is booming due to the ever-increasing demand for maize kharif crop is almost complete. Food items such as Indian wheat, corn and rice are seeing a significant rise as wheat and maize exports from both countries are being halted due to the wars in Ukraine and Russia. The price of parallel corn rice has also gone up by Rs. Heads up around 2100.

Government procurement is also picking up speed in view of the ever-increasing demand for wheat. Wheat support prices per quintal Rs. It is 2015. At a time when the price is higher than the support price in the open market, the flow of farmers is increasing towards the open market. Rising prices of grains as well as beans as well as edible oils and spices are becoming a headache for the government. Even though the markets of Adad and Tuwer are higher than the support prices, there is some resentment among farmers these days. Tuwer: Farmers are angry over the calculation of declining pulses prices for fear of increasing imports, keeping imports in the free range till March 203. Despite rising prices, the peasantry is now in a wait-and-see position before bringing their agricultural produce to market. It is taking steps ranging from stock limits to importing goods to control the rising prices of pulses and edible oils. The government estimates that the growing market for pulses will come to a halt in the coming days as 2.5 million tonnes of tur will be imported from Myanmar.

The market is moving at a rocket speed despite the government closing futures on rye, soybeans, soybean oil and wheat chickpeas for some time now. The wheat market of Rs 500 to Rs 800 is likely to go up to Rs 2,000 in the near future. With Rayda's 1,100 to 1,800 range market jumping, the chances of a castor and soybean market of around Rs 1,200 to Rs 1,200, around Rs 500, going up to Rs 2,000 are getting stronger like last year.

The spice market is also witnessing a boom at present. Cumin futures have risen by Rs 15 to Rs 12 per kg in the last week, pushing prices to around Rs 7 per liter. However, due to lack of expected revenue in cumin this year, the market is still expected to bounce back to 30-40. Last year, in April season, 8 to 20 thousand sacks of cumin were being sold in the high market, while this year, only 5 to 20 sacks of cumin are being sold. With this, the rise in fundamental support in Jira is taking four months. Along with cumin, coriander market is also booming due to lack of goods. In addition, as the US puts more emphasis on crude oil production, guar exports are expected to pick up in anticipation of rising guar exports. Overall, despite the high prices this year, the farmers are not in a hurry to sell their goods with a weight watch, considering the market is still growing.