Pratik Parija

India maintained its prediction for an above-normal monsoon, boosting prospects for crops such as rice, soybeans and cotton in a country where rain is the main source of irrigation for almost half of the farmland.

(Bloomberg) -- The maximum temperature in India crossed 50C (122F) for the first time this summer, just a whisker away from an all-time high, as

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Rainfall over the remainder of India’s vital monsoon period is expected to be above the seasonal average, helping efforts by farmers to boost production of rice to soybeans.

India’s biggest cotton and peanut growing areas are forecast to continue witnessing heavy rains and strong winds this week, raising the risk of floods and threatening the crops that are just weeks away from harvesting.

Palm oil has lost its position as the world’s cheapest edible oil, thanks to shrinking output in the biggest growers and plentiful supply of the main alternative.

India loosened restrictions on some rice exports, a move that may ease global prices and signal a shift in domestic agricultural policies following the recent national elections.

India loosened restrictions on some rice exports, a move that may ease global prices and signal a shift in domestic agricultural policies following recent national elections.

India recorded its best monsoon season since 2020, setting the stage for a bumper harvest of crops such as rice, soybeans and pulses.

India removed restrictions on shipments of non-basmati parboiled rice, a move that’s likely to boost the nation’s competitive edge in the world market and boost earnings of local farmers during the current harvesting season.