Telangana tender details are yet to receive as of this report writing, but West Godawari was bidded 1420 and Vijaynagaram region was bid around 1350. There is demand for good Quality cargoes for parents which market is looking at Telangana region to fulfil. For Rest of the regions cargo buying is very spot and crushers are buying in that manner only. Destination markets are as below
Tamil Nadu :- Rake 1400-1420, Trucks 1530-1600, Good Quality cargo @ 1600 Levels by rakes.
Bangalore :- Rake 1400-20, Trucks 1500-20
Hyderabad :- trucks 1520-1550
Ahmedabad :- 1370-80/1410-15 (super quality cargo buying)
Bihar :- 1190-1200 Rake point, 1330-1350 warehouse.
North :- 1300-1400 (average to best quality prices ) cargo for Haryana/Punjab
Sangli : -1400-1420
There is no trade taking place, nothing to report. No Deliveries for the month of Sep are tendered till date.
International Market :-
South America and US markets are all trading firm on board and with premiums as well, It will be interesting to see the corn tender levels for korea and trades for other south east Asian countries. Markets are all trading over USD 220/- Pmt indicatively. Bangladesh demand will be key for Indian markets to make parities and trade new crops. Cbot Dec contract are trading at 368 cents/bushel.
We are receiving Rains in Maharashtra/Telangana/AP/Kntk as we indicated earlier, the effect of these rains are yet to be seen, but for now market expects a delay of 10-15 in the arrivals.
Sensex and Nifty
Sensex Claimed 39000 today and closed 287 points higher, Nifty closed @ 11521 closed higher by 81 points. Rupee closed at 73.60 versus day of 73.37. The AP tender was the talk of the trade today.