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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety NSE gets MCA approval to launch National Coal Exchange of India Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Iranian crude returns to India after seven years as tankers dock at key ports India's March palm oil imports fall 19% to three-month low Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns Sharp fall in prices hit gold ETF inflows in March India to continue buying Russian crude oil Gold futures drop ₹1,363 to ₹1,52,071/10g India targets 30 lakh PNG connections amid LPG supply concerns Crude oil futures rise on Hormuz disruptions, Saudi attack reports Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% No LPG shortage in country, vessels continuously coming to India via Hormuz: Petroleum Secretary Neeraj Mittal Russia offers sanctioned LNG to energy-hungry Asia at a discount Crude oil futures rise after Israeli attacks on Lebanon West Asia Conflict: Natural gas allocation to fertiliser sector upped to 95% Oil and Gas prices plunge after US and Iran agree to a ceasefire US ceasefire may boost LPG, LNG supplies to India in short term Natural Diamond Council celebrates ‘World Diamond Day’ India set to get first Iranian crude oil cargo in 7 years Crude oil futures crashes 6% to hit lower circuit as US-Iran ceasefire cools tensions Gold rises to near three-week high as Trump pauses attacks on Iran India’s green energy drive faces critical minerals hurdle amid global race Oil plunges, stocks surge as US-Iran ceasefire sparks global market rally Freight surge, logjam hurts egg exports despite strong demand Sugar consumption in April may fall by 2 lakh tonnes on cool weather and LPG scarcity Industry body urges Maharashtra to retain inspector-free fertilizer policy Government amends mining rules to boost critical mineral exploration and self-reliance Silver futures decline ₹1,479 to ₹2.31 lakh/kg as geopolitical risks lift inflation outlook IGX gas trade rises 28% YoY in FY26 to record 76.8 million MMBtu India returns to buying Venezuelan crude to ease supply crunch Crude oil futures hit record ₹10,888/barrel; 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silver down 9% Basmati exporters seek relief as shipping lines levy charges amid disruption due to war Tanker carrying Iranian crude oil shifts course from India to China Oil prices surge while Asian share prices rise moderately Trump to reduce steel, aluminum tariff rates for derivative products, sources say West Asia conflict erodes Qatar’s share in India’s LNG imports to record low in March India procures 6% more rice from farmers in 2025-26 kharif marketing season OPEC+ likely to weigh further oil output hike on Sunday, sources say Reliance SEZ refinery exempt from diesel, ATF export tax: Govt OMCs face losses as crude tops $100 while fuel prices remain unchanged
India’s official wheat procurement near target, up 13% from a year ago
By Prabhudatta Mishra · 2026-05-22 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Last year, the government had procured 30 mt of wheat, but with a higher production of 120.21 mt, the target for this year’s purchase has been fixed at 34.5 mt.

Last year, the government had procured 30 mt of wheat, but with a higher production of 120.21 mt, the target for this year’s purchase has been fixed at 34.5 mt. | Photo Credit: PTI

The Indian government’s wheat procurement in the ongoing season has reached 33.39 million tonnes (mt) as on May 21. This is about 1 million tonnes less than the target, up by 13 per cent from 29.64 mt in the corresponding period last year. Last year, the government procured 30 mt of wheat, but with a higher production of 120.21 mt, the target for this year's purchase has been fixed at 34.5 mt.

According to the latest data, the procurement in Punjab ended at 12.16 mt against 11.92 mt a year ago, up by 2 per cent. The Centre fixed a target to procure 12.2 mt wheat from Punjab in 2026-27, against 11.92 mt bought in the entire 2025-26. Notably, almost the entire quantity in the current year’s purchase in Punjab was under relaxed quality, due to widespread lustre loss in several districts due to unseasonal rains and hailstorms.

M.P. buy up

In Haryana, the Centre has purchased nearly 8.12 mt of wheat, as the procurement ended on May 15, and it is higher than the target of 7.2 mt. In 2025-26, the Centre bought 7.14 mt of wheat from Haryana.

In Madhya Pradesh, the Centre has purchased 9.5 mt against 7.8 mt year-ago, up by 22 per cent. In April last week, the Centre accepted the State’s request and revised the target to 10 mt from the earlier fixed 7.8 mt. Due to a delayed start and a slow pace of purchase, which officials blamed on the non-preparedness of agencies with inadequate gunny bags and purchase centres, the target looked an uphill task. But, with consistent pressure from the opposition and farmer organisations, the government managed to increase the purchase.

The procurement in Madhya Pradesh was lower by 59 per cent until April 30 despite the state being allowed by the Centre to buy the crop from farmers from March 15, against the normal schedule of April 1. Data show that the purchase in the State during May 1-21 was about 9.2 mt, whereas in the corresponding period last year it was only 3.8 mt. Agriculture Minister Shivraj Singh Chouhan in April raised the issue of lower procurement with State Chief Minister Mohan Yadav.

Other States

The purchase in Uttar Pradesh has reached 1.48 mt against 1.02 mt, and in Rajasthan, at 2.03 mt from 1.81 mt year-ago, the data show. In Bihar, the procurement has reached 33,295 tonnes, up by 89 per cent from 17,609 tonnes year-ago. The Centre has also raised the purchase target in Uttar Pradesh from earlier 1 mt to 2.5 mt, in Rajasthan from 2.1 mt to 2.35 mt and in Bihar from 18,000 tonnes to 0.18 mt.

State procuring agencies have been asked to keep wheat procured under the relaxed specifications (URS) category separately stored and accounted. Unseasonal rains in March and April led to higher moisture content in wheat grains, along with issues such as shrinkage and loss of lustre. As a result, a large portion of the crop was falling outside the prescribed quality standards, affecting the procurement process.

Published on May 22, 2026