FOREVER AGRI

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...

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...