Last week, one of the key developments was the report of farmers switching to wheat over mustard on the lookout for stable prices. On the other hand, soyabean growers shifting to maize raises questions over the government’s oilseed mission to increase to become self-sufficient. The Government is looking into the actual surplus of sugar before considering its exports, while production so far this season that began in October is 17 per cent till mid-December. The Centre, concerned over food inflation, has extended the ban on derivatives trading on 7 commodities until January 31, 2025, while a parliamentary panel has questioned its estimate on fertiliser demand. We have the World Gold Council outlook saying gold will be rangebound in 2025.
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