e-NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities. So far, 21 e-NAM mandis of eight states namely Uttar Pradesh, Uttarakhand, Andhra Pradesh, Telangana, Rajasthan, Gujarat, Maharashtra and Madhya Pradesh had joined hands to start inter-state trade on e-NAM.
US West Texas Intermediate (WTI) crude was down 18 cents, or 0.3 per cent, at $56.68 a barrel. The contract dropped 0.7 per cent in the previous session. Brent crude futures were down 14 cents, or 0.2 per cent, at $62.04 a barrel by 0256 GMT, after falling 0.5 per cent on Monday.
According to the latest data released by the agriculture ministry, farmers have planted wheat in an area of 9.69 lakh hectare till last week of this season, compared with 15.35 lakh hectare a year ago.
Mills were able to export about 3.8 million tonne of sugar during the 2018-19 marketing year (October-September) due to depressed market conditions, against the target of 5 million tonne under the Minimum Indicative Export Quota (MIEQ) scheme.
This is the first time in the last seven months that the company has seen an increase in its domestic sales. Despite being in the negative territory, Mahindra & Mahindra managed to arrest a decline in sales, posting an 11 per cent dip at 49,193 units.
Further, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, also gave nod to a hike in the MSPs of barley and rapeseed and mustard for Rabi Market Season (RMS) 2020-21.