1. The six-year rally in gold, which has bedazzled the investment community with over 30 per cent returns each in 2024 and 2025, is perhaps over, at least two commodity research firms have said.
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2. The overall acreage under all kharif crops continued to be higher as farmers began sowing earlier than normal due to the early onset of monsoon. According to the Agriculture Ministry’s data, as much as 258.57 lakh hectares (lh) have been planted under different crops in the ongoing kharif season until June 27, up by 11.5 per cent from 231.84 lh a year ago. India will receive above-normal rainfall in July under the influence of the South-West monsoon.
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3. India’s rice procurement for buffer stocks in the nine months until June 2025 was 531.13 lakh tonnes (lt), including over 68 lt of rice from the rabi crop. The current procurement is marginally higher than the 525.48 lt procured a year ago.
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4. Wheat sales under open market sales scheme (OMSS) may begin from August and the Indian government may offer 6-7 million tonnes to be sold by March 31, 2026, through e-auction, trade sources said.
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5. There may be 9 million tonnes (mt) of sugar available from the current season for sales in domestic market in India during August-November period, which is seen as very tight in terms of supply due to festival demand. As the government and sugar mills are pinning hopes on an early start to the next crushing season from October to augment availability, monsoon rainfall will be the deciding factor in determining whether to import sugar.
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Published on July 6, 2025
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