Maize sowing has moved up 100% as compared to same time last year. With better monsoon coverage, market can early sowing across regions which means if all goes well kharif crop arrival will be seen earlier […]
Uneven distribution of rains in Maharashtra could hit early sown tur crop
Rains in Marathwada and Vidarbha region of Maharashtra has been below normal over the last 5-6 days. This could damage the early sown crop in the region. In north-interior Karnataka sowing so far has been less […]
Government allow Maize imports @ 15% duty
The government issued a notification to allow imports up to half a million tonne at concessional rate of import duty @ 15%. How and why this has come now is beyond anybody’s comprehension. Arrival flow is […]
Maize arrivals are constant in the Bihar & WB
The markets are trading sideways from yesterday’s levels. The Bihar/WB arrivals are constant, estimated to be only about 20-25% of what they were last year. This gets reflected in rake numbers moving out as well. Destination […]
Limited gains to soymeal exporters despite depreciation of Rupee
The Rupee which has depreciated 3% since the beginning of the year has not benefited soymeal traders as domestic prices continue to remain out-priced in the global market. Indian rupee is currently at 71.98 today. Indian […]
Nizamabad maize prices continue to trade near record high on low supply
Maize prices continue to trade near record levels of 2,600 rupees per 100 kg in Nizamabad over the last few weeks despite higher kharif sowing acreage. Lower arrivals, demand from poultry feed and starch manufacturers and […]
Chana seen down on subdued demand
Chana, the key driver of other pulses continued to trade in a tight range of 4,150-4,350 rupees per 100 kg over the last few weeks due to absence of clear cues. Subdued demand from dal millers […]
Palm oil prices turning to Positive side
Malaysian palm oil futures climbed more than 1% on Tuesday, recovering from two previous sessions of sharp declines, along with this MPOB data declared Ma Palm oil stocks id down by 10.34% but production is slightly […]
IMD’s 2nd stage long range forecast for southwest monsoon 2019
Rainfall over the country as a whole for the 2019 southwest monsoon season (June to September) is most likely to be NORMAL (96% to 104% of long period average (LPA)). Quantitatively, monsoon season rainfall for the […]
Positive Indian Ocean Dipole likelihood increases
The Pacific Ocean and overlying atmosphere remain close to El Niño thresholds, so the ENSO Outlook remains at El Niño WATCH. Models indicate the tropical Pacific Ocean will ease away from El Niño levels, becoming neutral during winter. The Indian Ocean […]
USDA WASDE: May 2019 Soybean Update
The 2019/20 outlook for U.S. soybeans is for higher supplies, crush, exports and slightly lower ending stocks compared to 2018/19. The soybean crop is projected at 4,150 million bushels, down 394 million from last year’s record […]
US soybean Supply weighty since the United States entered a trade war with China- More Supply than Demand
U.S. soybean supplies have been particularly weighty since the United States entered a trade war with top buyer China last year, and a record-large crop only added to the glut. U.S. corn stocks have also been […]
Its too early to predict about India’s next season soybean crop
The government expecting India’s soybean output for the next season will be at 13.7 MMT, higher by 25% from previous year’s level, according to the farm ministry’s second advance estimates. However, according to IMD prediction over […]
Wheat procurement picks up in this week; although slower than Normal in UP, MP and Rajasthan
Following up on our past week’s article on slow wheat procurement in India, we are noticing a sharp rise in wheat procurement in some states. Punjab has procured 7.55m tonnes of wheat till end April, as […]
Palm oil bearish fundamentals are more dominating then market opportunity
Malaysian palm oil futures prices continuously in a falling streak, fell more than 2% to their lowest in nearly a month, mostly weighed down by weaker related edible oils. Also, the expectation of higher than expected […]
Slow wheat procurement gains attention, raises eyebrows about domestic availability
Relatively cool temperatures in March month and untimely April rains have delayed the wheat harvest in parts of North India. Rains and storms in Haryana Punjab, Northern Rajasthan and Western UP slowed down the harvest, resulted […]
Weekly roundup of Agri Commodities
Grains Maize: Prices of maize continued to remain range-bound in the past week; domestic arrivals in past week increased slightly week-over-week; however supply shortage and high demand from South Indian bulk buyers is keeping the prices up. Rice: Basmati rice prices […]
Weekly roundup of Agri Commodities
Grains Maize: Prices of maize maintained their price levels in the past week because of supply shortage and high demand from South Indian bulk buyers. Rice: Export price of Indian origin rice dipped slightly from the past week, mainly due to […]
IMD’s forecast of Normal monsoon is good news, in short term at least
India Met Department’s first forecast of the season indicated Normal monsoon in 2019 with well-distributed monsoon rainfall during June-September period; emphasizing on the very little impact that El Nino might have on monsoon. We are noticing […]
April 2019 MPOB data limit the recent gains in palm oil prices
Malaysian palm oil futures extended the loss due to lesser than forecasted fall in stocks and lesser than anticipated export pace in the month of March. MPOB data pegged March end-stocks and output higher than forecast. […]