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According to Geojit, The Multi Commodity Exchange Clearing Corp Ltd has decided to accredit the Bhavnaben warehouse in Rajkot for storage and effecting the delivery of cotton bales with effect from Thursday.
The Spices Board of India has directed licensed auctioneers to prevent mixing Guatemalan cardamom with Indian cardamom and pooling them in auctions.
According to Geojit, The area under rabi crops in Karnataka fell 20.4% on year, but rose 12.8% on week, at 1.57 mln ha in the current season as of Saturday, according to a release by the state agriculture department.
The Cotton Association of India has reduced its estimate of cotton output in 2023-24 (Oct-Sep) by 100,000 bales to 29.4 mln bales, the lowest in 15 years.
According to Geojit , Spices continued trading mixed on NCDEX on Wednesday. Coriander futures were held in narrow ranges and so was jeera futures, while turmeric futures declined on tepid demand amidst rising arrivals in the spot market.