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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; WTI touches $116 Crude oil futures rise after Trump threatens Iran over Hormuz deadline Prices of essential food items are not unusually volatile, says Govt NSE to launch Brent Crude futures based on Platts benchmark West Asia crisis hits activated carbon exports as costs surge amid shipping woes Crude oil futures rise to ₹9,284/barrel as Trump threatens Iran over Hormuz blockade Saudi Arabia hikes Arab Light May OSP for Asia to record $19.50/bbl Crude oil unlikely to fall to $70 in 2026, may remain at $80-85; risks to growth, inflation: UBI report Kharif 2026: Crystal Crop Protection launches fodder seed products Brent crude edges up as Trump issues ultimatum to Iran OPEC+ to raise output in May as Russia, Saudi Arabia lead increase OPEC+ output hike overshadowed by Strait of Hormuz disruption Crude Check: Strength Intact Five EU countries call for windfall tax on energy companies amid Iran war India resumes energy trade with Iran after seven years Iran, Saudi LPG shipments arrive, unload at New Mangalore Port India buys oil from Iran for first time in 7 years with no payment issues Govt says fuel supplies sufficient despite war disruption, avoid panic buying West Asia Conflict: Russia offers topping up supplies of crude, fertilisers, LNG to India Iranian Oil cargo to India diverts to China amid payment dispute Central banks gold purchases net up in February, but Russia, Turkiye sell BuzzBallz clocks 3x monthly growth in Bengaluru, eyes Maharashtra and Goa expansion India’s 2026-27 peanut output may rise 3% on higher area Hindustan Zinc mined metal production up 2% in 2025-26; 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 wheat procurement tops 30-million tonne mark, heading towards target of 34.5 mt
2026-05-13 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Bhopal: Workers sort and pack wheat grains at a wholesale grain market, in Bhopal, Tuesday, March 17, 2026. (PTI Photo)(PTI03_17_2026_000359B)

Bhopal: Workers sort and pack wheat grains at a wholesale grain market, in Bhopal, Tuesday, March 17, 2026. (PTI Photo)(PTI03_17_2026_000359B) | Photo Credit: -

Wheat procurement this season has exceeded the 30 million tonne (mt) mark and is heading towards the target of 34.5 mt. For the first time this year, overall purchase has recorded higher volumes than the year-ago level after continuously trailing for the last 40 days since the season began on April 1.

The Centre has procured 30.15 mt of wheat until May 12, 2026, up 3 per cent from 29.17 mt in the year-ago period (3 per cent down until May 7). Officials said the drop in Madhya Pradesh is likely to be covered in the next few days as the year-ago number is now constant while this year’s purchases will continue until June 30. The drop of 0.7 mt in Madhya Pradesh so far has been compensated by about 1.5 mt higher purchase in Haryana, officials said.

According to the latest data, procurement in Punjab reached 12.16 mt as against 11.79 mt year-ago, up by 3 per cent. The Centre has fixed a target to procure 12.2 mt wheat from Punjab in 2026-27, against 11.92 mt bought in 2025-26.

Notably, almost the entire quantity in the current year’s purchase in Punjab was under relaxed quality specifications due to widespread lustre loss in several districts following unseasonal rains and hailstorms.

In Haryana, the Centre has purchased nearly 8.46 mt of wheat so far, exceeding the target of 7.2 mt, and is up by 20 per cent from 7.05 mt year-ago. In 2025-26, the Centre had bought 7.14 mt of wheat from Haryana.

There has been a substantial improvement in Madhya Pradesh this month as it has narrowed the fall from 59 per cent until April 30 to only 9 per cent as on May 12. Wheat procurement has reached 7.04 mt in the state until May 12, from 7.77 mt year-ago. The Centre has already raised the overall target in the state from 7.8 mt (fixed at the beginning of the season) to 10 mt in late April. In 2025-26, the Centre had procured 7.77 mt of wheat from Madhya Pradesh.

The purchase in Uttar Pradesh has reached 1.17 mt against 0.98 mt year-ago and in Rajasthan at 1.61 mt from 1.55 mt year-ago, the data show. In Bihar, procurement has reached 29,249 tonne, up by 76 per cent from 16,655 tonne year-ago. The Centre has also raised the purchase target in Uttar Pradesh from the earlier 1 mt to 2.5 mt, in Rajasthan from 2.1 mt to 2.35 mt and in Bihar from 18,000 tonne to 0.18 mt.

The all-India daily arrival on May 12 was 0.67 mt (against 0.13 mt year-ago), which is substantially lower from 1.08 mt on April 30 (against 0.82 mt year-ago). There has been a substantial drop in arrivals in all states except Madhya Pradesh where it was nearly 0.5 mt on May 12.

State procuring agencies have been asked to keep wheat procured under 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.

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Published on May 13, 2026