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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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Rajasthan farmers appeal Centre to buy 100% chana or reimburse difference
2026-04-30 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Dry Organic Kala Chana Desi Chickpeas in a Bowl

Dry Organic Kala Chana Desi Chickpeas in a Bowl | Photo Credit: bhofack2

Pointing out glaring violations of the Standard Operating Procedures (SOPs) on pulses procurement which has assured 100 per cent purchase at minimum support price (MSP) from registered farmers, Kisan Mahapanchayat has sought union agriculture minister Shivraj Singh’s Chouhan’s intervention in Rajasthan so that chana (gram) farmers are saved from losing average ₹3 lakh due to 40 quintal sales cap amid lower market rates.

In a letter to Chouhan, Kisan Mahapanchayat’s Rampal Jat has said that over 5,000 chana farmers have already been registered in Rajasthan to sell their produce to the government at MSP of ₹5,875 per quintal. However, they are unable to sell as procurement has not commenced in all the growing districts and also refusal by procuring agencies to buy above 40 quintals.

“Procurement of chana in Rajasthan has commenced only in Kishangarh (Ajmer district). Even there, farmers who registered with Rajfed, the nodal state agency, and whose procurement has already reached the prescribed limit of 40 quintals, are being excluded from the Central scheme that allows 100 per cent purchase. “Rajfed had conducted the registration on behalf of Nafed, which is the agency notified by the government for pulses procurement. It is entirely appropriate and justified for Nafed to undertake direct procurement based on the registrations already processed by Rajfed,” Jat said.

Pointing out that current market rates of chana are between ₹5,000 and ₹5,200 per quintal, as a cap of 40 quintals purchase is enforced, Jat said that farmers will be compelled to sell their remaining produce at a loss of ₹775 per quintal. “In accordance with the (SOP) prescribed by welfare-oriented government, the procurement of every single grain of produce is imperative,” he said.

“A farmer who has produced about 400 quintal of chana on the promise that he would be able to get MSP after launch of Pulses Mission would be forced to sell 360 quintal in open market at a total loss of ₹2.5-3 lakh because of the government’s denial to him,” he said and demanded the cap should be immediately removed and the entire produce be bought if farmers want. For a small farmer, ₹3 lakh is a big amount to lose, he added.

Jat also suggested as an alternative ‘Price Deficiency Payment Scheme’ (PDPS) should be implemented for chana in Rajasthan if the government is unable to buy the entire produce so that farmers can recover the loss after selling those in open market. Under PDPS, the Centre pays the differential price between MSP and modal rate directly to farmers when open market rules lower.

He said the Union Cabinet on October 1, 2025 launched the “Mission for Self-Reliance in Pulses” with a budgetary allocation of ₹11,440 crore. As the aim is to increase the country’s pulses production to 350 lakh tonnes by the end of the year 2031, and also raise productivity levels to 1,130 kg per hectare by ensuring 2 crore farmers benefit from guaranteed procurement, the Centre should accord priority to it over the 2018 launched PM-AASHA, he said.

Published on April 30, 2026