National Cooperative Dairy Federation of India bought 4,500 tonnes of de-oiled rice bran in three lots through an online auction. The dairy body also bought 200 tonnes of polished rice through the auction. Both purchases were made on behalf of the Karnataka Milk Federation. The National Cooperative Dairy Federation of India, which has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy products.
Jan-Mar recovery may lift India FY17 non-basmati rice exports 3-5%.
Despite a fall in Apr-Jan, India non-basmati rice export growth may end in the positive territory in 2016-17 (Apr-Mar) due to a pickup in demand since January. The fall in export of non-basmati rice had narrowed to 2.6% in Apr-Jan from 6.5% in the first nine months of the current fiscal. Exports of non-basmati rice have picked up in last two months and overall exports are likely to be 3-5% higher than the previous year. The rise in exports may be due to higher output, growth in demand from African countries, and a rise in prices of basmati rice, market. In the previous year, India had exported 6.37 million tonnes of non-basmati rice, and in Apr-Jan 2016 the exports were at 5.21 million tonnes. India estimated to have produced 102.6 million tonnes of non-basmati rice in 2016-17 (Jul-Jun), up from 96.4 million tonnes a year ago.
Philippine farm minister says likely no need to import 250,000 T of rice.
Philippine farm minister expects a bumper rice harvest this planting season, potentially meaning there is no urgent need for the state grains buyer to import 250,000 tonnes of the staple food as planned. The National Food Authority has been looking to import 250,000 tonnes of rice, and wanted the cargo to arrive by end-April to boost thinning stocks ahead of the lean domestic harvest season beginning July.
Rice basmati edges up due to increase in demand.
Rice basmati prices firmed up at the wholesale grains market following pick-up in demand. Pick-up in demand from retailers against restricted supplies from producing regions, mainly led to the rise in rice basmati prices.
NCDEX coriander hits 8-week high on slump in arrivals.
NCDEX coriander hits 8-week high on slump in arrivals.
Low demand weighs on barley prices in Jaipur.
Low demand weighs on barley prices in Jaipur.
Barley exports down 23% from last year in Kazakhstan.
Barley exports down 23% from last year in Kazakhstan.
India needs 120 million tonne rice by 2030.
India needs 120 million tonne rice by 2030.
Guyana cleared for paddy exports to Mexico.
Guyana cleared for paddy exports to Mexico.
Govt to spend Rs225 billion on wheat procurement in Pakistan.
Govt to spend Rs225 billion on wheat procurement in Pakistan.
Syria gets 50,000 tonnes of Russian wheat in aid.
Syria gets 50,000 tonnes of Russian wheat in aid.
Govt imposes 10% import duty on wheat with immediate effect.
Govt imposes 10% import duty on wheat with immediate effect.
Amendment Notification to Govt imposes 10% import duty on wheat.
Amendment Notification to Govt imposes 10% import duty on wheat.
NCDEX coriander hits 8-week high on slump in arrivals.
Futures contracts of coriander on the NCDEX rise to an 8-week high of tracking spot prices. Spot prices of the spice rise due to a slump in arrivals of the commodity. Arrivals in Kota become half 7,000 bags (1bag=40kg) from 15,000 bags.
Low demand weighs on barley prices in Jaipur.
Barley prices were down in Jaipur because of subdued demand from feed sector and stockists amid rising arrivals of the coarse grain. New crop arrivals of barley were estimated at 170,000 bags (1bag=85kg) compared with 150,000 bags. Supply of barley has been on a rise because new crop arrivals have gained pace. Barley inventories at warehouses more than doubled to 222 tonnes from 101 tonnes the previous day.
Barley exports down 23% from last year in Kazakhstan.
Kazakhstan barley exports turned down in 2017 and 89.8 KMT of this commodity was shipped for export against 148 KMT 2016 (down almost 40%). Thus, Kazakhstan exported 27% less barley in the five months of the current season compared to the same period a year ago (445 KMT against 609 KMT in September-January 2015/16). Iran remains the top market for Kazakh barley with an export share reaching 90%. Shipments of Kazakhstan barley continue to the US market in which U.S. imported 18.5 KMT of barley from Kazakhstan that is almost twice as much as last season. In Kazakhstan, total barley harvest in net weight was 3.2 MMT in 2016, or 18.5% more than in 2015.
India needs 120 million tonne rice by 2030.
India will need to produce 120 million tonnes of rice in 2030 to feed its one and a half billion plus population using less land, less water, less manpower and optimising all agri input usages. Cultivable land areas are expected to shrink and there will be pressure on resources. Rice is the staple food for more than 60% of Indians. The current production is about 106 million tonnes. (Source: Times of India)
Guyana cleared for paddy exports to Mexico.
Guyana will now be able to bid on three quotas, totalling 30,000 metric tonnes of paddy for export to Mexico, following the Govt of Mexico decision to allow the tax-free importation of 150,000 metric tonnes of paddy and rice products from outside of the North American Free Trade Agreement(NAFTA) member states. Normally taxes for countries, other than NAFTA member states, trading with Mexico, are 9% on paddy and 20% on rice products.
Govt to spend Rs225 billion on wheat procurement in Pakistan.
Govt decided to purchase Rs225 billion worth of 7.05 million tonnes wheat, allow export of 200,000 tonnes of sugar and to pay one-month salary to Pakistan Steel Mill employees. The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister Ishaq Dar.
Syria gets 50,000 tonnes of Russian wheat in aid.
Syria has received 50,000 tonnes of Russian wheat as humanitarian aid. Russian govt said in November their country plans to send around 100,000 tonnes of wheat as aid to Syria. A deal struck in October for Syria to buy 1 million tonnes of Russian wheat with little known firm Zernomir is in jeopardy.