Half of the cotton comes from Punjab, Haryana and Rajasthan, while the remainder is from central and south India, said traders.
Wholesale onion prices have almost doubled in Maharashtra over the past one week
A few mills from Pune and Ahmednagar region will kick-start crushing operations this week.
Although the proposal is yet to be cleared by the RBI, the MSC Bank has already received a proposal of merger from the Rupee Co-operative Bank.
Traders claim that the kharif crop is likely to be lower due to drought-like conditions in the state and with wholesale markets remaining closed during Diwali.
In last one year, edible oil prices have dipped up to 11 to 25 per cent in international market due to excess supply and reduced demand from India.
With Brazil, Europe and Thailand lowering their production estimates, coupled with depreciation of the rupee, Maharashtra's sugar industry has ramped up efforts to export 15 lakh tonnes of sugar.
Fall armyworm is native to the Americas and was first reported to have reached Africa in 2016.
Sugar mills will get subsidy up to Rs 11/kg of sugar exported, including production assistance of Rs 1,388/tonnes for growers and transport subsidy of up to Rs 3,000/ tonnes for sugar exports.
First detected in Karnataka in May, the presence of Fall Armyworm has been confirmed in Tamil Nadu, Telangana, Andhra Pradesh and West Bengal.
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