India: Castor seed prices expected to rise by 10% due to strong demand despite southwest monsoon
피마자(피마자씨)
인도
게시됨 2021년 6월 1일
Tridge 요약
The India Meteorological Department said on Monday that the southwest monsoon is likely to hit the Kerala coast on June 3, even as private weather forecaster Skymet said the monsoon has hit the southern state, according to Geojit’s daily report on agricultural commodities. Castor seed prices, which have already risen 11% in the last three months, are expected to rise another 10% by July due to strong demand for castor oil from China, say market participants.
원본 콘텐츠
Cyclone Tauktae has devastated crops spread over 20,664.73 ha in Kerala, which has led to losses of around Rs 7.61 billion for farmers. Private weather forecaster Skymet’s President G.P. Sharma does not expect cyclones or any other disturbances to play spoilsport for the route and trajectory of southwest monsoon currents. He expects the currents to reach the Indian mainland and progress well into the Jun-Sep wet season. Farmers in the country have sown summer crops across 8.04 million ha in 2020-21 (Jul-Jun), up over 21% on year, farm ministry data shows. Mixed trend was witnessed in spices complex on NCDEX on Friday. Turmeric June futures were up on short-covering; expectation of fall in acreage this kharif season lend support as well. Coriander and Jeera June futures, in the meantime, posted losses on tepid demand. The Spices Board pegs Apr-Dec 2020 jeera exports at 221,000 tonnes. A ...