Commodity Update

In a decisive move to enhance food security and reduce import dependence, India has unveiled an ambitious plan to increase pulses production by 40% over the next few years. The initiative aims to stabilize domestic supply, curb inflationary pressures, and bolster farmers’ incomes through targeted policy measures and technological interventions. With the country being one of the world’s largest consumers and importers of pulses, the plan underscores a strategic shift toward agricultural self-reliance.

The Indian government has set an ambitious goal to increase pulses production by 40% over current levels, reinforcing its commitment to achieving food security and self-reliance in the agricultural sector. This initiative targets key pulses such as chickpeas, lentils, and pigeon peas, addressing both domestic consumption needs and export potential.

In the Mangaluru agricultural market, areca nut and coconut prices have seen notable upward movement, reflecting shifts in supply-demand dynamics and seasonal trends. Traders report robust demand from both domestic buyers and processors, while constrained supply from producing regions has contributed to higher quotations. Areca nut prices have strengthened across multiple varieties, while coconut rates have also edged upward due to limited arrivals and growing industrial demand.

The Indian government has announced restrictions on silver jewellery imports, aiming to curb trade imbalances and protect domestic manufacturers. This regulatory intervention is intended to promote local production, encourage value addition within the country, and reduce dependence on imported goods. Industry stakeholders are evaluating the impact on supply chains, pricing, and inventory management, while analysts note potential implications for retail markets and consumer affordability.

Aluminium futures witnessed a decline in domestic markets as subdued industrial demand weighed on prices. Traders reported that sluggish consumption from key sectors, coupled with muted buying activity, has exerted downward pressure on the metal. Global cues also contributed to the softening trend, as international prices remained under strain due to concerns over economic growth and fluctuating energy costs.

Commodity traders in Bengaluru faced a disruption as market updates and trading notes were not made available during the latest session. The absence of real-time data and trading insights created uncertainty for participants who rely heavily on daily reports to make informed decisions in futures and spot markets. While the disruption was temporary, it highlights the dependence of market participants on timely information, particularly in sectors such as agricultural commodities, metals, and energy contracts where price movements can be rapid and volatile.