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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
Indian govt to launch soil health awareness campaign for a fortnight from June 1
BL New Delhi Bureau · 2026-05-19 · via Commodity Market, Commodities News Today | The HinduBusinessLine

Inaugurating a day-long Eastern Regional Agriculture Conference in Bhubaneswar, Union Agriculture Minister Shivraj Singh Chouhan on Tuesday announced that a nationwide “Khet Bachao Abhiyan” (save the land campaign) would be launched for a fortnight from June 1, focusing on balanced fertilizer usage, soil health, besides making farmers aware about modern technologies and different government schemes related to the farm sector.

He stressed the need to prevent diversion of subsidised fertilizers and ensure that the inputs are used strictly for farming purposes. Later speaking to the media, Chouhan said: “We will not forbid them to buy. But attempt will be made to make them aware of not applying more chemical fertilisers than what is required for the soil.” The minister said that the government aims to sell fertilisers based on land records of farmers once creation of farmers IDs is completed across the country.

Sales of fertilisers are rising as per official records for March and April, amid fear for adequate availability in the kharif season. The government on May 18 said that the current stock position of all fertilisers at 200.98 lakh tonnes (lt), over 51 per cent of the kharif season’s demand estimate of 390.56 lt and the remaining 49 per cent would also be met going forward from both domestic production as well as import.

Moots balanced use

Emphasising sustainable agriculture, he underlined the importance of protecting soil health through balanced fertilizer use. Chouhan warned that indiscriminate use of fertilizers without soil testing increases input costs and damages soil fertility. He urged states to encourage farmers to use fertilizers only as per scientific requirements.

Chouhan’s assertion on balanced use of fertilisers is not new, but the campaign he has launched may have serious repercussions for small farmers if their yield drops due to application of lower quantity, a former agriculture scientist of ICAR said, adding the government should focus on large farmers who are using hundreds of bags of urea.

Describing fake fertilizers, substandard seeds and counterfeit pesticides as serious crimes against farmers, he said that a large-scale campaign would be launched against such practices. He also emphasized the need for stricter laws and stronger action by states to ensure that farmers receive quality agricultural inputs without unnecessary increases in cultivation costs.

The minister emphasised that ahead of the annual Kharif conference at national level, he suggested to have regional level discussions first where more focussed approach could be possible for the states. Already two regional conferences have been concluded earlier in Jaipur and Lucknow.

Focus on a slew of issues

Representatives from Odisha, Bihar, Jharkhand, Chhattisgarh and West Bengal deliberated on key issues concerning the agricultural transformation of eastern India, the Agriculture Ministry said in a statement.

The conference focused on a wide range of issues including increasing pulses and oilseeds production, integrated farming for small and marginal farmers, natural farming, farmer registry, horticulture, agricultural credit, marketing reforms, control over fake agricultural inputs and enhancement of farmers’ income.

Chouhan said that the conference was not merely a formal event, but a serious platform for shaping a new direction for agriculture, farmers’ livelihoods and regional agricultural strategy in eastern India.

He emphasised that agriculture cannot remain confined only to paddy and wheat, and that greater focus must now be placed on pulses, oilseeds, fruits, vegetables and other high-value crops, especially given the enormous potential of eastern India in these sectors.

Move beyond slogans

But experts said that West Bengal is the country’s largest producer of fruits and vegetables, while all other states also have a large volume of horticulture crops. Besides, the eastern region is mostly rice-consuming states, where very little area is covered under wheat. Bonus announcement (over and above MSP) by Chhattisgarh and Odisha governments is luring more and more farmers towards paddy crop, which should be stopped if the Centre really wants crop diversification, said a former agriculture secretary.

Referring to the small landholdings in eastern states, Chouhan said that integrated farming -- combining crop cultivation with horticulture, fisheries, animal husbandry, beekeeping and agro-forestry -- must move beyond slogans and become a practical, field-level model. But many farmers in Odisha and West Bengal are already engaged in allied activities to raise their income, experts said pointing to the minister’s generalisation of problem rather than focussing on the eastern region.

Published on May 19, 2026