Conflicts prompt prices to rise
Trading has come to a standstill in India as Diwali, the Festival of Lights, is currently being celebrated. While trading has been largely subdued in the local markets over the last few days, the farmers are making good progess. Arrivals should pick up on the first day of the Indian New Year on 9 November when business resumes again. Good overseas demand has driven up prices. Some exporters are also buying to have enough supplies at their disposal to be able to meet their bids for the recent tender from South Korea.