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A push higher in food prices is to be expected as developed countries start returning to normal after a year of pandemic.

Soybean surged to a fresh peak on Friday, extending a record run in the past few sessions. At the current levels, the legume has taken its rally to 132 per cent from last year's low of Rs 3,228 per 100 kilograms. NCDEX soybean futures for delivery in July were being quoted at Rs 7,550 per quintal on Friday evening, up Rs 231 or 3.16 per cent from the previous close, after surging to a record high of Rs 7,606 during the session. The refined soy oil contract for June delivery jumped by Rs 16.8 or 1.21 per cent to Rs 1,405 per 10 kilograms. Analysts say building up of fresh positions by speculat...

Bayer to support Niti Aayog’s AIM innovation initiatives in agriculture, healthcare April 13, 2021 Both organisations sign statement of intent for partnership German crop protection, chemical and pharma major Bayer on Tuesday announced its partnership with the Union Government’s flagship initiative Atal Innovation Mission (AIM) of Niti Aayog, the Centre’s think-tank, in supporting innovation and entrepreneurship in agriculture and healthcare. A statement from Bayer and AIM said that the initiative would be across the country supporting current and future programmes in both these sect...

Findoc Commodities recognised by NCDEX with Krishi Award 2021 ANI | Updated: Apr 05, 2021 14:13 IST New Delhi/ Ludhiana (Punjab) [India], April 5 (ANI/NewsVoir): National Commodity & Derivatives Exchange Limited (NCDEX), the only commodity exchange in the country promoted by national level institutions, has awarded Findoc Commodities with Krishi Pragati Awards 2021. Findoc commodities focus primarily on derivatives and commodities trading in Agri Commodities contracts. The exchange works closely with the Government of India on various aspects of the ecosy...

FMO, FinDev Canada, and OeEB have  announced a $115m syndicated loan facility that will allow Agri Commodities and Finance (ACF), one of the main trading companies of Export Trading Group (ETG) to improve and expand its operations in Africa. FMO acted as lead arranger in this syndicated facility that will indirectly support an estimated 600,000 smallholder farmers and the communities, while also contributing to more sustainable and climate-resilient agricultural practices across the continent.  Pieternel Boogard, Director Agribusiness, Food, and Water of FMO, said: “We are very pleased to...