No damage from rains so far for coriander; concerns remain.
NCDEX coriander hits 6 week high as arrivals decline.
NCDEX coriander hits 6 week high as arrivals decline.
Barley soften on reduced offtake in India.
Barley soften on reduced offtake in India.
NCDEX barley up over 1% taking cues from spot markets.
NCDEX barley up over 1% taking cues from spot markets.
Lower supplies lift barley prices in Jaipur.
Lower supplies lift barley prices in Jaipur.
Higher temperatures may hit wheat crop in northwest.
Higher temperatures may hit wheat crop in northwest.
Wheat arrivals rise in Indore, prices above MSP.
Wheat arrivals rise in Indore, prices above MSP.
U.S wheat fall to multi-week low.
U.S wheat fall to multi-week low.
Japan offers to buy 117,689 tonnes food wheat via tender.
Japan offers to buy 117,689 tonnes food wheat via tender.
Police seize 8 quintals of illegally stocked rice for PDS Karimnagar(Telangana).
Police seize 8 quintals of illegally stocked rice for PDS Karimnagar(Telangana).
Farmers advised against distress sale of paddy in Kothagudem (Telangana).
Farmers advised against distress sale of paddy in Kothagudem (Telangana).
No damage from rains so far for coriander; concerns remain.
Unseasonal rains in Rajasthan over the last three days have not caused much damage to the coriander crop so far but likely spells of heavy rainfall in the key growing areas pose a threat. 30-40% of the mature coriander crop still standing and forecast of rainfall this month has kept growers and traders on edge about likely damage to the harvest. Coriander crop in some areas of Jodhpur and Barmer districts in the state may see some quality erosion in the form of discoloured grains though the production volume may remain unchanged. Rainfall in Rajasthan is likely to bring colour variations in the standing crop of Badami and Eagle varieties of coriander.
NCDEX coriander hits 6 week high as arrivals decline.
Futures contracts of coriander on the NCDEX hits 6 week high because of low arrivals at the benchmark market in Rajasthan. The most active April contract on the NCDEX traded up 0.33%. Arrivals in Rajasthan were pegged at 32,000 bags (1bag=40kg) down 18,000 bags. Likely decline in coriander output in 2016-17 (Oct-Sep) is also seen contributing to the rise in prices.
Barley soften on reduced offtake in India.
Prices of barley drifted lower at the wholesale grains market due to reduced offtake against high stocks position. Muted demand from consuming industries helped barley prices to end lower.
NCDEX barley up over 1% taking cues from spot markets.
Futures contracts of barley on the NCDEX were up over 1% tracking the spot market in Jaipur. The most active April contract on the NCDEX was up 1.73%. Prices in Jaipur rise due to lower supplies in the market as well as higher demand from stockists and the feed sector. Arrivals of the new crop were estimated at 6,000 bags (1bag=85kg), compared with 10,000 bags.
Lower supplies lift barley prices in Jaipur.
Barley prices rise in Jaipur due to lower supplies in the market coupled with higher demand from stockists and feed sector. Arrivals of the new crop were estimated at 6,000 bags (1bag=85kg) compared with 10,000. Barley arrivals fell in Rajasthan due to rains. Expectations of a rise in demand from malt industries due to onset of summer season also supported prices.
Higher temperatures may hit wheat crop in northwest.
The India Meteorological Department has forecast a 2-4 degree Celsius rise in maximum temperatures in north western and central India over the next three days. Higher temperatures in north western India could increase the susceptibility of the late sown wheat crop to wheat rust, fungal disease. Higher temperatures could be beneficial for the wheat grown in Madhya Pradesh as it would take the moisture out of the crop ready for harvest.
Wheat arrivals rise in Indore, prices above MSP.
Wheat arrivals rise sharply in the benchmark market of Indore as farmers refrained from selling high quality produce to the govt. Around 25,000 bags (1bag=100kg) of the new crop arrived in Indore sharply up from 12,000-14,000 bags. Fresh crop arrivals rose as farmers brought quality crops to the market instead of selling it to the govt at a much lower MSP.
U.S wheat fall to multi-week low.
U.S. wheat futures dropped to their lowest level in more than six weeks and their second straight day of declines as weather forecasts bolstered expectations for strong yields adding to already high supplies in the coming weeks. Good rains expected to build across much of the winter wheat belt over the next 10 days. CBOT May soft red winter wheat settled down 3-3/4 cents. Weather for U.S. winter crop is expected to improve and there is more downside for wheat prices.
Japan offers to buy 117,689 tonnes food wheat via tender.
Japan is seeking to buy a total of 117,689 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender that will close late on March23. Japan keeps a tight grip on imports of the country most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month. (Source: Reuters)