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Detailed Report on Agriculture and Commodity Market(July 30, 2024 – August 3, 2024).

Tuesday, July 30, 2024 1. Release of India's First Comprehensive Handbook on Bamboo Cultivation    Even: The release took place at the National Symposium on Bamboo in New Delhi.    Significance: This handbook aims to provide detailed guidance on bamboo cultivation practices, addressing various aspects such as soil conditions, pest management, and harvesting techniques. It is expected to enhance bamboo farming, which has economic and ecological benefits. 2. Conoor Auction    Impact: Unfavorable weather conditions in tea-growing regions have led to reduced tea arrivals at the Conoor auction.    Market Expectation: Prices are anticipated to remain firm due to the declining crop. Lower production in the North may increase demand for South Indian tea, potentially influencing trade patterns. 3. Coffee Crop Prospects    Concern: Excessive rainfall in key coffee-growing areas like Kodagu, Chikkamagaluru, and Hassan is posing ri...
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Detailed Report:July 2024 Agricultural and Commodities Updates.

Monday, July 22, 2024 : Rainfall Update -July 2024 has seen rainfall levels 7% above the normal average. This increase in precipitation could have varying impacts on agriculture, water resources, and overall climate conditions. Thursday, July 25, 2024 : Soybean Area Planted-Government Estimates: As of mid-July, soybean planting is reported at 119.73 lakh hectares. SOPA Estimates: The Soybean Processors Association of India (SOPA) reports slightly lower figures at 118.17 lakh hectares. Previous Year Comparison: The area under soybean cultivation last year was 118.74 lakh hectares, indicating a marginal increase in planting this year compared to the previous year. Thursday, July 25, 2024 : Cocoa and Coffee Prices Cocoa Prices: London Market: September London cocoa futures dropped 0.6% to GBP 6,794 per tonne. New York Market: September New York cocoa futures were priced at USD 8,293 per tonne. Arabica Coffee Prices: Market Drop: September Arabica coffee futures fell 1.9% to USD 2,3...
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Detailed Report on Agriculture and Commodity Market Updates.

Tuesday 16/07/2024: 1. Coffee Market Update : September Robusta Coffee:Declined by 0.8% to $4579 per tonne by 1352GMT. This decrease is attributed to supply dynamics and market sentiment, influenced by ongoing issues in Southeast Asia, particularly Vietnam. 2. Kharif Crop Sowing Progress : Paddy and Soybean:Sowing completed in half of the normal area. Both crops, crucial for India's agricultural output, showed significant progress despite regional variations. 3. ICAR's Initiative : "One Scientist One Product": Indian Council of Agricultural Research (ICAR) launched a strategic research plan aimed at focusing scientific efforts to enhance agricultural productivity and innovation over the next five years. 4. Initiative on Direct Seeded Rice (DSR) : Corteva Agroscience:Initiatives to popularize DSR in Punjab and Haryana to address groundwater depletion. This technique could potentially save around Rs.15000 per acre, aiming for broader adoption despite existing for so...
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Agriculture and Commodity Updates(Week of July 8-14,2024).

Monday 8/7/2024: High Density Planting of Cotton Crop Shows Promising Results: A pilot project on high density planting of cotton in India has demonstrated significant profitability. Farmers have reported earning Rs. 10,000 net income per acre with an investment of Rs. 4,000 per acre. India Receives 39% Surplus Rainfall in First Week of July 2024 : India experienced a surplus of 39% rainfall during the first week of July 2024, which is expected to benefit agricultural production across the country. Tuesday 9/7/2024 : Mixed Tea Price Trends in India - Tea prices are anticipated to rise in North Indian auction centers but have seen a decline in South Indian auction. Wednesday 10/7/2024 : Basmati Rice Exports Rise by 13%: India's basmati rice exports during April-May 2024 increased by 13% to reach $1.03 billion, driven by rising global demand. Thursday 11/7/2024 : Akshayakalpa Organic Expands Focus: Akshayakalpa Organic, India's first certified organic dairy enterprise, is ex...
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