Latest Blogs

(5 hours ago)

Maize prices looks to have stabilized at current levels in Bihar

Maize prices looks to have stabilised at current levels in Bihar largely due to Bangladesh demand and subsequent resultant demand thereof. Telangana tender has been announced and will be opened on 22 July 2020. Approx. 70000 […]

(3 days ago)

Soybean opened flat to firm taking cues from CBOT

Soybean opened flat to firm taking cues from CBOT, though soybean meal demand is weak due to ongoing shravan month. The soybean is trading at INR 37,280 against yesterday’s closed of INR 37,220. Arrivals of soybean again […]

(3 days ago)

Maize processors are just buying for spot demand

The current demand scenario for poultry and starch with on and off opening up of processing plants is not helping demand one bit. The processors are just buying for spot demand. The broiler placements according to […]

(4 days ago)

Maize poultry demand was subdued

The shravan month has begun from today and the poultry demand which was already subdued will be having even lower production for a month and a half from today. Market expects only 50% Broiler placement is […]

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Maize arrival Increase in UP

Increase in UP arrivals are causing markets to trade lower, warehouse delivered levels are traded between 1200-1220 today. Bihar warehouses are also trading at similar levels. Truck Freights have moved lower to Punjab/Haryana regions from Bihar […]

(1 week ago)
Soybean opened in +ve node in the future exchange

Today soybean again opened in +ve node in the future exchange due to recovery in MDEX and strong rally in the Cbot for second straight session. Lower than expected sowing & emerging weather concerns raising yield worries in […]

(1 week ago)
Maize buying is subdued

Buying is subdued at the moment looking at lower price realization in the food and feed sectors. Just Need-based buying being done, stocking demand largely has been catered to in Bihar, and now challenges with empty […]

(1 week ago)
Soybean meal prices opened flat on Tuesday.

Soybean meal prices opened flat on Tuesday. Soybean meal prices range INR 28,800-32,700+ GST across India. For some plants material, the reseller are quoting as low as INR 28,000 PMT+ GST in MP and INR 29,400 […]

(1 week ago)
Chana prices fall on Monday

Chana prices after a sharp fall on Monday have bounced back today owing to hopes that government disbursement may reduce the inventories. Government’s nodal agencies have nearly 3.0-3.2 mln ton of chana which includes this years’ […]

(1 week ago)
Maize prices were trade slightly weaker on lower demand from south and east markets

The Update from Mr. Prime Minister is that 80 crore Indians will get free ration of 5kg Wheat or 5kg Rice along per person along with 1kg chana per family till November 2020, in his latest […]

(1 week ago)
Soybean kharif season area under oilseeds increased to 8.331 million hectare

The Indian agriculture ministry on 26th June released the sowing progress report for this kharif season and according to them the area under oilseeds increased to 8.331 million hectare which is more than five times than […]

(2 weeks ago)
Maize sowing has moved up 100% as compared to same time last year.

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 […]

(2 weeks ago)
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 […]

(2 weeks ago)
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 […]

(2 weeks ago)
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 […]

(2 weeks ago)
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 […]

(11 months ago)
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 […]

(11 months ago)
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 […]

(11 months ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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 […]

(1 year ago)
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. […]

(1 year ago)
Increasing concern of El-Nino this year may cause lower rainfall to India

News & forecast for the Indian Monsoon this year The model projections call for 80 per cent chance of El Nino during March-May, dropping to 60 per cent for June to August. This means, it is […]

(1 year ago)
Weekly Agri-Commodities Highlights

Maize:   Slight rise in maize arrivals in local markets and subdued demand from feed and bulk buyers resulted in lower prices compared to last week. In the past couple of days, high maize prices have resulted […]

(1 year ago)
Soybean prices on NCDEX are seen rising in April owing to firm oilmeal demand.

Soybean prices on National Commodity and Derivatives Exchange are seen rising in April owing to firm oilmeal demand from poultry feed sector and exporters. April soybean contract on the NCDEX was at 3,769 rupees per 100 […]

(1 year ago)
Last Week’s Agri-Commodities Highlights

Grains Maize:   Prices of maize across key spot market rose marginally due to a decline in arrivals. Maize trade in local market was thin in last week on slow activity as trading holiday on Thursday on […]

(1 year ago)
MPOB palm report with bearish outlook on lean production season

Malaysia palm oil future prices closed again with the lower side in last week while in today was MPOB of data, day and as expected its there in the market with bearish outlook as inventory level […]

(1 year ago)
Last Week Snapshot Of Agri Commodities 11 Mar 2019

Grains Wheat: As at the end of February,  Govt had sold a record 7.7 mln tn wheat under the open market scheme. Bulk purchases of wheat picked up this year, partly because consumers started sourcing the food […]

(1 year ago)
Rapeseed Crop influenced by Soybean this year and crop expected to be 20% higher from the last year

As per Govt Acreage and SEA of India’s latest crop survey, Govt is projecting total crop this year will set at around 8.5 MMT. The mustard final acreage can be in between 6700 to 6800 thousand […]

(1 year ago)
India oilmeal export prospects increasing while Veg oils port stocks declining

Total oilmeal export increased by 5.5% from the previous month and soybean export increased by 23%. However, Rapeseed meal export declined in Jan’19 but for the year (Apr-Jan) increased by 85%. this year crop also expected to […]

(1 year ago)
Indian malt companies will import around 70,000 ton of barley from Argentina

Indian malt companies to import 70,000-ton barley in Feb. Indian malt companies will import around 70,000 ton of barley in February from Argentina, of which 50,000 ton will be bought by United Breweries Ltd and the […]

(1 year ago)
All state of Brazil expecting lower soybean yields

Dry weather in Brazil is a continue crop concern of the market. However, some improvement witnessed over the weekend. weather in central Brazil was finally the type of weather you generally expect for this time of the year. […]

(1 year ago)
Iran appeared as the third top destination for Indian oilmeals as the country to sell crude oil to India in exchange for rupees

We can see the positive support in Indian soy-seed & meal prices. Iran appeared as the third top destination for Indian oilmeals, after South Korea at 571K tonnes and Vietnam at 422K tonnes. Overall soymeal exports raised […]

(1 year ago)
Adverse Weather in Brazil Impacting Corn Production

This season corn crop in southern Brazil has also been impacted by the dry weather, but to a lesser degree compared to the soybeans. A lot of the soybeans were at the same critical phase in […]

(1 year ago)
Import prospects improves of palm oil as world’s biggest edible oil buyer reduced the Import duty on 31st Dec 2018

Indian Govt. has reduced the  Import duty on crude palm oil to 40 per cent from 44 per cent from Southeast Asian (Asean) countries after a request from suppliers, while on refined palm oil is import duty […]

(2 years ago)
India veg oils port stocks reached to 2 years low

India, NCDEX future Soy oil prices increased to 1% in last trading session and in physical market soy oil prices at Indore market continued in the higher side from 8 continues days at Rs. 752 Levels. […]

(2 years ago)
Weak production & Flat export trend supporting the palm oil prices

Malaysia palm oil future prices increased more than 1%, on weak fundamentals projections slo wing output in Malaysia and easing stock levels in Indonesia supported the prices. This month MPOB data, Malaysian palm oil production has […]

(2 years ago)
Weather in Argentina remains Unpredictable

The weather in Argentina continues to be uncertain going from one extreme to another. After very heavy rains earlier in November, the weather has been on the dry side for the last 2-3 weeks. They also […]

(2 years ago)
USDA – This week again US soybeans net export sales down 11.07%

Exports for the most recent week were 1.147 million mt, 8.41% lower than the previous week. Total accumulated physical exports for the 2018-2019 marketing year rose to 14.314 million mt, 40.75% lower than the year-ago period, […]

(2 years ago)
Govt procured pulses, oilseeds worth Rs 441.42 bn from farmers in last 4 years

The government has procured pulses and oilseeds worth Rs 441.42 billion at minimum support prices from farmers in the four years to 2018-19, the Agriculture Ministry said Tuesday. It had undertaken various interventions to boost the production […]

(2 years ago)