Delhi wheat prices unchanged due to high demand, supply
Philippines estimates rice import requirement at 800,000 MT.
National Food Authority (NFA) is looking to import around 800,000 metric tons (MT) of rice this year under a government-to-government arrangement to cover the lean months in the third quarter. Critical stock levels of the staple grain in government warehouses and inventory in government warehouses was 400,000 MT. Stocks have thus fallen below the buffer stock the agency is mandated to maintain. Some places will have very tight supply by April and May. By end of June, the NFA’s buffer stock will be short so there is approval of the 250,000 MT importation which need to utilize by June this year and the remaining standby volume to cover the gap in buffer stock requirement. Of this total, only 250,000 MT has been activated with the top exporting countries, Vietnam and Thailand, clinching the bid.
NCDEX coriander hits 1-week low as supply up in spot.
Futures contracts of coriander hit a one-week low of on the NCDEX because arrivals at the spot markets of Rajasthan increased. Arrivals of coriander in the state were at 47,000 bags (1bag=40kg) up 7,000 bags
NCDEX barley down tracking weakness in spot market.
Futures contracts of barley fell on the NCDEX tracking key spot markets in Jaipur. Prices of barley fell in Jaipur because of increased arrivals amid lacklustre demand from stockists and feed sector. Arrivals of the new crop were pegged at 5,000 bags (1bag=85kg) compared with 4,000 bags.
Egypt raises supply price of wheat for the 2017 crop season.
Egypt raised the supply price of wheat it will buy from farmers from mid-April to mid-July depending on the quality of the crop. Second time the country has increased the supply price for wheat in the past five months. Wheat harvest season starts in May. In November 2016, immediately after the country floated its currency and cabinet increased the prices of purchasing wheat from farmers to support local producers.
Delhi wheat prices unchanged due to high demand, supply
Wholesale prices of wheat in the key market of Delhi were largely unchanged as both demand from millers and supply from the govt. were high. Govt sold around 16,000 tonne wheat in Delhi under the Open Market Sale Scheme. Govt will conduct the last open market sale of 2016-17 (April-March) on March9 as the procurement season starts in Madhya Pradesh and Rajasthan by mid-March.
Ukrainian farmers already planted sunflower on 3.5 million ha.
Ukrainian farmers already planted sunflower on 3.5 million ha.
Haryana to procure sunflower seeds at MSP.
Haryana to procure sunflower seeds at MSP.
Groundnut seed down in Gujarat as output seen up.
Groundnut seed down in Gujarat as output seen up.
Rise in demand lifts mustard seed prices in Jaipur.
Rise in demand lifts mustard seed prices in Jaipur.
Soybean prices up in Indore despite higher arrivals.
Soybean prices up in Indore despite higher arrivals.
Pinto beans see frost in Brazil.
Pinto beans see frost in Brazil.
Mexico to import dry beans duty-free.
Mexico to import dry beans duty-free.
Tur prices up in Akola on demand from dal millers.
Tur prices up in Akola on demand from dal millers.
MMTC invites bids for sale of 7,596 tonne urad, 242 tonne tur.
MMTC invites bids for sale of 7,596 tonne urad, 242 tonne tur.
Govt to procure 0.1 million tonne more tur in Maharashtra till May 31.
Govt to procure 0.1 million tonne more tur in Maharashtra till May 31.
Agriculture Ministry proposes hike in tur dal import duty to 20%.
Agriculture Ministry proposes hike in tur dal import duty to 20%.
Chana prices at 3-week low in Delhi on subdued demand.
Chana prices at 3-week low in Delhi on subdued demand.
Barley prices up in Jaipur as supplies decline
Barley prices up in Jaipur as supplies decline
NCDEX barley up on bargain buying post 1-year low.
NCDEX barley up on bargain buying post 1-year low.