Business Empire Grain Milling Magazine’s Post

The agricultural commodities market in India boasts a remarkable diversity, encompassing a wide array of farm products ranging from staple grains to exotic fruits and spices. This rich variety not only caters to the diverse needs of the domestic population but also positions India as a significant player in international markets. From traditional wholesale markets to digital platforms like the National Agriculture Market (eNAM), the market operates through various channels, providing farmers with multiple avenues to sell their produce and connect with buyers. India Agricultural Commodities Market has reached reach USD 8.65 billion by 2023 and is anticipated to project robust growth to reach USD 11.65 billion in 2029 with a CAGR of 5.15%. Explore Global Market and Key Players Insights: https://lnkd.in/g8BJDDww Key Market Drivers Growth in Population Surge in Technological Advancements 🔑 Key Market Players are Multi Commodity Exchange of India Ltd. Bombay Stock Exchange Ltd. National Commodity & Derivatives Exchange Limited Indian Commodity Exchange Ltd. Agricultural & Processed Food Products Export Development Authority Download Free Sample Report: https://lnkd.in/gG-pQFZ3

India's agricultural sector, accounting for around 20% of the country's GDP and employing nearly 50% of the workforce, is a vital component of the economy, with major crops including rice, wheat, cotton, sugarcane, and pulses.

India, a major agricultural nation, ranks second globally in production. Renowned for exporting diverse commodities like spices, tea, grains, and more. In fiscal year 2022–23, agricultural exports totaled USD 53.1 billion, reflecting rising trends explored in this blog. https://lnkd.in/gPjn9cvk #indianagriculture #ExportingExcellence #GlobalAgriTrade #exportindustry #indianexports #MarketInsights

"Dairy is the largest agricultural commodity in India. Despite this, India still faces a shortage of milk. But in Rajasthan’s camel milk market, supply outweighs demand." Mercy Austin writes about how a company hopes to use camel milk to meet this shortage. Read more: https://lnkd.in/g4cQ4igN

India's agriculture sector is undergoing some significant changes, and we're here to keep you updated. Here are some of the latest updates from the world of Indian agriculture: - India's wheat output for 2024 is projected to be 105 million metric tons, which is 6.25% below the government's estimates. This comes after a ban on exports in 2022 due to a crop shortage, with the government focusing on bolstering stocks to manage prices. - The country has seen a 13.35% increase in coffee exports in the first quarter of 2024, with a significant rise in Robusta bean exports. The total export value during this period amounted to Rs 3,644 crore. - There are rising concerns about food inflation amid lower production projections for the 2023-24 season due to poor monsoon. The government is considering measures like wheat imports to stabilize supply. - Indian agri scientists believe that India is better prepared than Pakistan to handle climate shocks in the wheat crop, emphasizing the importance of developing indigenous varieties of climate-resilient seeds. Stay informed about the latest developments in the agriculture sector by visiting the Economic Times' agriculture section or The Hindu BusinessLine's agri-business coverage. #IndiaAgriculture #AgricultureNews #ClimateResilience #FoodInflation #CoffeeExports #WheatProduction

India’s food grain output seen up by 5.4 pc India’s food grain production will likely reach a record level of 164.7 million tonnes (MT) in the 2024-25 kharif season, with a year-on-year increase of 5.4%, the Ministry of Agriculture said in the first advance estimate. With above-normal monsoon rainfall and high reservoir levels, the rabi sowing, which has just started, is also expected to be robust. Potentially, higher grain output could boost the gross value added (GVA) in agriculture and allied sectors in the current fiscal year, although rural incomes are also a function of prices fetched by the cultivators. After staying strong for a few years, agri GVA growth plunged to just 1.4% in 2023-24. In Q1FY25, the farm economy grew 2% compared with 3.7% in the year-ago quarter. India’s rice production, the biggest kharif crop, is likely to touch a record 119.93 MT in the 2024-25 kharif season which is 5.5% higher than the previous year, as per a report.   Source: New Delhi, Nov. 27, 2024.

The white rice ban upliftment and the reduction in the export duty of parboiled rice from 20% to 10% has been a great step by the Indian Government. This change will boost the demand for white rice in the domestic market, benefiting the farmers and the exporters of parboiled rice. For farmers, I feel it will be a great opportunity as they will be benefited the most with initially the cost rising for paddies and the grain. On the other hand, while this decision is expected to be advantageous to the agricultural community, consumers will face comparatively higher retail prices for the same domestically. By supporting such policies and promoting cooperation, India will retain its dominant position in the global rice market. It is now about time we seize this chance and work towards the development of a sustainable future for the agricultural community and the growth of all the stakeholders. Link: https://lnkd.in/gjaBSkuw

Wheat harvesting plays a vital role in India's economy, given that wheat is a staple food for millions of Indians and a major crop in the agricultural sector. The harvest season, typically from March to May, involves cutting, threshing, and cleaning the wheat using modern machinery like combine harvesters. Efficient harvesting is crucial to ensure high-quality grain, which is then dried and stored properly. India is one of the largest producers of wheat globally, and a successful harvest significantly impacts food security, farmer incomes, and rural employment. Technological advancements and sustainable practices are enhancing productivity and resilience against challenges such as climate change and pests. The wheat sector's performance directly influences the country's economy, contributing to GDP, trade, and the overall stability of food prices.

Unlock the power of market insights into one of the world’s agricultural superpowers! The CEIC community can now access daily commodity spot prices directly from #NCDEX, India's leading commodity exchange. #Commoditymarkets play an important role in reliable price discovery for some of the economy’s most important inputs and offer key signals to gauge consumer demand. #NCDEX is known for #spotpricing of #agriculturalcommodities that ultimately make major contributions to the consumption basket – for instance, cotton seed (binola) oil, an important input for the food industry. #Highfrequency, quality data on commodities from #soybeans to #palmoil is crucial for understanding the Indian economy – via use cases ranging from #inflationnowcasting to identifying cyclical growth trends. Stay informed and stay ahead. Not a CDMNext user? Request a demo: https://hubs.ly/Q02r0P9H0 #India #Commodities #Agriculture #Spotprices #InflationNowcast #GDPNowcast

Major cash crops and their required fertilizers in India   India, a country with a long history and abundant agricultural resources, is not only famous for its food crops such as rice and wheat, but also for its economic crops that occupy an important position in the global market. These economic crops not only enrich India's agricultural structure, but also bring considerable economic benefits to the country. At the same time, in order to ensure the yield and quality of these economic crops, India's demand for fertilizers is particularly significant.   Major cash crops in India Cotton: India is one of the world's important cotton producing countries, with cotton mainly distributed in the western regions of the Deccan Plateau, such as Gujarat and Maharashtra. The climate conditions in these regions are very suitable for the growth of cotton, making Indian cotton competitive in the international market. However, in recent years, due to rising production costs and changes in farmers' planting preferences, the cotton planting area has fluctuated. However, the cotton industry in India still maintains a strong development momentum.