Indian private traders import 44 lakh tonnes wheat in Apr-Feb FY17.
Barley down in Jaipur as new crop arrival gains pace.
Barley down in Jaipur as new crop arrival gains pace.
Customs restricts exit of rice from free trade zones Abuja (Nigeria).
According to Nigeria Customs Service, it has restricted the exit of rice from Free Trade Zone in the country to ensure total compliance to the ban on the importation of rice. Due to the high level of security along the border lines, some Nigerians were taking advantage of the status of the Free Trade Zone to smuggle rice into the country.
Indian private traders import 44 lakh tonnes wheat in Apr-Feb FY17.
Private traders have imported 44.10 lakh tonnes of wheat from April 2016 to February 2017, said govt. Govt had wheat stock of 94.29 lakh tonnes at the beginning of March as against the buffer norm of 64.60 lakh tonnes as on April 1. The wheat stock is likely to improve in the coming months when Rabi crop arrives in markets.
Barley down in Jaipur as new crop arrival gains pace.
Prices of barley fell in Jaipur due to higher arrivals and a lacklustre demand from stockists and feed sector. New crop arrivals of barley were estimated at 90,000 bags (1 bag = 85 kg) compared with 75,000 bags previous close. The most-active May contract of mustard seed on the NCDEX was down 0.8%.
NCDEX coriander at 3% lower limit as supply seen up.
NCDEX coriander at 3% lower limit as supply seen up.
Govt procures 5,243 tonne wheat in Uttar Pradesh, up three-fold on year.
Govt procures 5,243 tonne wheat in Uttar Pradesh, up three-fold on year.
NCDEX coriander at 3% lower limit as supply seen up.
Futures contracts of coriander hit the 3% lower circuit on the NCDEX because arrivals in Rajasthan markets are seen increasing. Arrivals are seen rising as harvesting of the new crop is in progress in Rajasthan and Gujarat. Weak demand from the local consumers also led to decline in coriander prices. On the NCDEX, the most active May contract was down 3%. Arrivals in Baran were pegged at 60,000 bags (1bag=40kg), up 18,000 bags from previous close.
Importing wheat from North costlier than importing from Australia for South India.
Importing wheat from North costlier than importing from Australia for South India.
Importing wheat from North costlier than importing from Australia for South India.
South Indian state, importing wheat from North India is costlier than importing the same from Australia, said Nirmala Sitharaman Union Minister of State for Commerce and Industry on 8th april. The Goods and Services Tax will actually make Indian goods cheaper for Indian customers rather than importing them.
Barley down in Jaipur as supply rises, demand decreases.
Barley down in Jaipur as supply rises, demand decreases.
Barley down in Jaipur as supply rises, demand decreases.
Prices of barley down in Jaipur for the second straight day due to an increase in the arrivals coupled with slow demand from stockists. Arrivals of the new crop of barley were estimated at 80,000 bags (1bag=85kg) compared with 70,000 bags of previous close. Expectations of higher output of barley for 2016-17 (Jul-Jun) is creating bearish sentiment in the market. On the NCDEX, the most-active May contract of barley traded down 1.3% from previous close.
India Wheat output to hit record high of 98 million tonnes despite soaring mercury.
India Wheat output to hit record high of 98 million tonnes despite soaring mercury.
Ukraine exported 5.5 MMT of wheat to Egypt.
In 2016, Ukraine exported 5.5 MMT of wheat and 841 KMT of oilseeds to Egypt that represented over 12% of Ukraine total exports of these crops. Egypt has recently decided to liberalize its phytosanitary requirements to grain imports. In particular, this concerns permissible levels of ergot and ambrosia seeds in cereal and pulse grains.
Telangana Govt all set to start paddy procurement.
Telangana Govt all set to start paddy procurement.
India Wheat output to hit record high of 98 million tonnes despite soaring mercury.
India wheat output will not suffer because of increased temperatures, as the crop nearing harvest in the top producing states of Punjab, Haryana and Uttar Pradesh has passed the stage which was vulnerable to the change in weather. The predicted production of the wheat this crop year to be an all-time high at 97-98 million tonnes, or even to touch 100 million mark, said Gyanendra Pratap Singh of the Directorate of Wheat Research at Karnal, Haryana. In Punjab and Haryana, average yields to be 48 quintals per hectare while in some places yields can go as high as 70 quintals per hectare. And the average yield in the country is 31 quintals.
China donates Over 12,000 Tonnes of Rice to Zimbabwe.
China donates Over 12,000 Tonnes of Rice to Zimbabwe.
Telangana Govt all set to start paddy procurement.
All arrangements were made for procurement of paddy during Rabi season in the State to ensure minimum support price to farmers. Paddy procurement operations would commence from the next week. The arrangements for procurement of paddy in Rabi season stating that 3,076 paddy purchase centres were opened, during Rabi last year, the corporation procured 8.42 lakh MT of paddy through 1,288 purchase centres. Paddy purchase centres target of procurement of 37 lakh MT. Market arrivals of paddy will be 11.35 lakh MT in April 18.92 LMT in May and 7.57 LMT in June.
Barley prices up in Jaipur as arrivals decline.
Barley prices up in Jaipur as arrivals decline.
China donates Over 12,000 Tonnes of Rice to Zimbabwe.
China donates 12,173 tonnes of rice to Zimbabwe to assist vulnerable people that were affected by drought. Donated rice was expected to come in the country by June.