Choose of BL commodities – August 18, 2024

1. India acquired 153 mm within the first half (1-15) of August, which is 15 per cent above regular of 133.3 mm for the interval. It has helped the general seasonal rainfall to succeed in 105 per cent of its lengthy interval common (LPA) between June 1 and August 15, studies Prabhudatta Mishra.

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2. The sowing of all kharif crops, barring paddy, has been accomplished on 979.89 lakh hectares (lh) as of August 9, which is up by 1.4 per cent from 966.40 lh a yr in the past, newest information of the Agriculture Ministry confirmed. The nation’s regular space (final 5 years’ common) is 1,095.84 lh within the kharif season, studies our New Delhi Bureau.

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3. The storage stage within the 150 main Indian reservoirs within the nation continued to rise for the seventh week in a row with the storage enhancing in all areas, information from the Central Water Fee (CWC) confirmed. The storage stage improved to 69 per cent of the 178.784 billion cubic metres (BCM) capability at 124.016 BCM. That is larger than final yr’s in addition to the final 10 years’ common (regular stage). 

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4. Robust export demand as a result of provide scarcity within the world market has lifted the tobacco costs on the ongoing auctions in Andhra Pradesh, the most important producer of the commodity within the nation. Tobacco sector stakeholders mentioned a shortfall in provides from nations similar to Zimbabwe and Brazil amongst others has led to elevated demand for the Indian produce, report Vishwanath Kulkarni and KV Kurmanath.

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 5. Natural rice exports from India through the first 4 months of the 2024-25 fiscal have exceeded the whole natural rice exports within the 2023-24 fiscal, resulting in allegations of irregularities within the shipments. Buying and selling sources say hovering shipments level to flouting of the ban on white (uncooked) and damaged rice, in addition to evasion of 20 per cent export responsibility on parboiled rice from the nation. “Some within the commerce have taken the natural path to hoodwink authorities,” mentioned a buying and selling supply, who spoke on the situation of anonymity.

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