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 th...