March soybean oil futures on the Chicago Board of Trade (CBOT) traded steady at $991/tonne (+11% month-on-month) during the week, supported by speculative soybean price increases.
Read MoreKarnataka Chief Minister Siddaramaiah has appealed to Prime Minister Narendra Modi to intervene urgently as farmers across the state grapple with a sharp decline in maize and green gram prices.
Read MoreIn a move aimed at supporting farmers and stabilizing maize prices, the Karnataka government has announced an increase in the maize procurement limit to 50 quintals per farmer.
Read MoreThe uptick in cereal prices comes at a time when global food markets continue to face volatility driven by climate risks, geopolitical tensions, and fluctuating energy costs.
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