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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
Punjab seeks denotification of hybrid rice varieties, but...
2026-05-08 · via Commodity Market, Commodities News Today | The HinduBusinessLine

The Indian government is in no hurry to accept the Punjab government’s demand to denotify hybrid rice varieties seeds for the State. This follows the finding that all the 23 hybrid varieties released after 2015 have higher than the benchmark standards in terms of recovery, which is minimum 67 per cent for milling (conversion from paddy to rice) and 55 per cent head rice (unbroken grain). However, the issue would be resolved after discussing with the State government, sources said.

The Punjab government recently wrote to the Centre requesting it to de-notify all the hybrid paddy (non-Basmati) varieties so that it can check sales of those seeds under a State law in force for last many years.

In August 2025, the Punjab and Haryana High Court quashed the State government’s ban on hybrid paddy seeds, which was imposed in April last year. However, the Court allowed the state to restrict sales of any non-notified varieties seeds.

Sources said that since the seeds in question were notified by the Centre, it would be able to curb their sales once those were denotified. However, the Centre has to examine the issue thoroughly since companies may drag it to court if the denotification was not on legally valid ground, sources said.

ICAR opinion

The Agriculture Ministry has received expert opinion from the Indian Council of Agricultural Research based on which it would discuss the matter with Punjab government, sources said.

The main contention of the Punjab government was said to be that some of these hybrid rice varieties result in lower realisation than 67 per cent that millers are supposed to supply to the Food Corporation of India (FCI) after processing the procured paddy.

As millers were reluctant to process certain varieties which they could not segregate from the entire purchased volume, they resorted to a strike in 2024 by not lifting the paddy from mandis. This had caused a delay in procurement and farmers had resorted to protests. Later, the Centre sent the issue of lower realisation from paddy to rice to IIT Kharagpur to make a study.

Sources said that due to upto 25 per cent higher yield compared to normal varieties, more and more farmers are adopting hybrid paddy seeds despite three-times higher seed costs and also higher fertiliser requirement. The 100 per cent paddy procurement at minimum support price (MSP) is also a major factor in Punjab since the return of farmers is assured, the sources said.

Published on May 8, 2026