Rayda made history: Rs. From 4000 to 10000

- Commodity Current: Jayavadan Gandhi

Last week's rains are expected to save the kharif crop. However, the market is moving in a bullish direction in most of the agricultural commodities nowadays due to the increasing demand against the shortage of supply. Prices of cumin, coriander, turmeric, ajmo and oilseeds are on the rise due to limited supply against rising demand due to the upcoming Navratri to Diwali festivals. However, the futures market has been sluggish for the last two-three days due to sluggish markets due to rainy weather. Guar gum is at Rs 200 with a decrease of Rs 200 from the level of Rs 10,200. Guar seed also fell by Rs 500 to Rs 200 to Rs 500. Turmeric, coriander and rye also declined by 100 to 150 on the last day. Overall, the market is likely to be bullish on reports of declining plantings like coriander and soybeans. The market has stopped growing as turmeric is being sold. In addition, the market is lagging behind in terms of increased planting due to good rains in the guar-producing areas. Due to the festivals, the demand for things like cumin and coriander has been good. Turmeric also saw a 15 per cent decline in futures prices due to selling pressure. Demand from exporters has returned as prices have come down. Traders and farmers in Jira have enough stocks to keep prices under pressure. Due to good rains, planting is expected to start in Gujarat and Rajasthan after Dussehra. Compared to last year, the export of cumin has crossed 1.5 lakh tonnes in 2021. As the festivals approach, the spice boom is likely to pick up again.

However, Rayda's market has attracted a lot of attention since Corona's time this year. The rye, which normally stays in the 200-300 range, may be the first choice for farmers in the near future as it bounces and doubles this year. Rayada has been steadily rising for the past six months. In March-April last year, the price of ryada per quintal has gone up to Rs 500 per quintal. Which has set a record high price for more than the last 3 years. Rayda oil consumption is highest in most of the states of the country. Prices have risen by 3 per cent since January. Rayda's support price has also been hiked by 7.5 per cent, or Rs 200, to Rs 3,050 per quintal. The boom has been due to low supply against festive demand. If the situation continues like this, the prices of Rayda could jump to the level of nine to ten thousand which was never expected. Rayda's new crop is still four months away. According to market sources, Rayda's stock is expected to fall to around 3 million tonnes. Rayada's income in the market is also increasing as prices go up. Profitable sales are on the rise.

Rayda's planting is expected to double next season due to Rayda's record high prices. Due to the low requirement of fertilizer and water in Rayada cultivation as well as high prices, the farming community is likely to focus more on Rayada cultivation. It is also important that the government facilitates the use of Rayda seeds with precaution. In Rajasthan and some centers in Uttar Pradesh, the price of rye has fallen to the level of Rs 200 to Rs 300 per quintal. The state's oil mills are also throbbing due to increased demand for Rayda oil. The country produces more than 10 million tonnes of rye every year during the summer.

Rayda oil has the highest consumption as it also acts as an immunity booster due to its special medicinal properties. Consumption of rye has increased significantly, especially during the Corona. Even in extreme cold, rye oil does not freeze. Demand for this specialty has grown significantly as a result of recent corporate scandals. Due to high consumption of Rayda oil in the deficit, the government has banned the blending of any other oil in Rayda oil. Rayda oil is mostly a blend of palmolin oil. About 90% of palm oil has to be imported. However, with the government imposing restrictions on palm oil imports, palm oil imports are falling sharply.