NCDEX barley up taking cues from spot market.
Barley prices in Jaipur down due to subdued trade.
Prices of barley rose in Jaipur for the second consecutive day because of lower arrivals and rising demand from Stuckists, feed sector and the malt industry. The grain was quoted up 10 rupees from previous close in the key market of Jaipur. Arrivals of the new crop of barley were pegged at 70,000 bags (1bag=85kg), compared with 90,000 bags on previous close. Supplies are lower because farmers are holding their produce as they expect prices to rise in the coming days.
Futures contracts of barley on the NCDEX were down due to an increase in stocks of the commodity at exchange warehouse the most active May contract of barley on the NCDEX traded down 0.4% from previous close. Barley stocks at exchange warehouses were at 6,165 tonnes, compared with 5,058 tonnes the previous close.
Prices of barley rose in Jaipur because of bargain buying by stockists and feed sector after prices hit a three-week low of 1,390 rupees per 100 kg,. The grain traded up 20 rupees from previous close. In the key market of Jaipur, Lower arrivals along with a rise in demand from the malt industry also supported prices. Arrivals of the new crop were pegged at 90,000 bags (1bag=85 kg), compared with 100,000 bags on previous close.
Barley prices in Jaipur at 3-week low on muted demand.
Barley exports from Russia down 42%.
Prices of barley in Jaipur hit a three-week low due to muted demand from the feed sector and Stuckists, as well as higher arrivals of the new crop. The grain was sold at down 10 rupees from previous close. Arrivals of the new crop were estimated at 100,000 bags (1bag=85kg), compared with 90,000 bags on previous close. Limited purchases from malt industries also weighed on barley prices.
In February 2017, Russian barley exports turned down again. So, 103.8 KMT of barley was exported from Russia that month, or down almost 30% from the previous month and two and a half times less than exported in February 2016. In the first eight months of the current season, Russian barley exports were down 42% year-on-year at less than 2.1 MMT against 3.6 MMT in July-February 2015/16. Drops are reported in Russian deliveries to almost all of their destinations. This season, the country only increased exports to Lebanon, Morocco and Syria. At the same time, Russia remains the top supplier of barley to Lebanon. Russian exporters have doubled barley shipments to this market in 2016/17 which have already shipped roughly 128 KMT against 62 KMT for the whole 2015/16 marketing year.
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%.
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.
Barley prices up in Jaipur as arrivals decline.
Barley prices were up in Jaipur, due to a decline in supply of the grain coupled with an increase in demand from stockists and feed sector. New crop arrivals of barley were estimated at 50,000 bags (1bag=85kg) compared with 90,000 bags. Supplies are lower because farmers are holding back their produce in the expectation of prices to rise in the coming days. A pickup in demand from malt companies following the onset of summer also supported barley prices. The most active April contract of barley traded up 1.3% from the previous close.
Barley up in Jaipur on bargain buying.
Barley prices were up in Jaipur because demand from stockists rise after prices hit a one-week low. Lower arrivals also supported barley prices. New crop arrivals of barley were estimated at 100,000 bags (1bag=85kg), compared with 150,000 bags. Futures contracts of barley rise 2% taking positive cues from the spot market in Jaipur.
Lima grain barley exported from Pacific Northwest (North America) to South Africa.
Ukraine reserves of grains and pulses totalled 19.21 MMT as of March1, 2017 that is 18.7% more than at the same time last year (16.19 MMT). Barley inventories are 24% up from last year, amounting to 1.59 MMT (1.28 MMT).
Lima grain Europe and Lima Grain Cereal Seeds sent 12 tonnes of the malting barley variety LCS Genie to South Africa for farming and malting purposes. This barley variety high-yielding and passed all the malt tests in the U.S which yields have high with the feed barley. Recently Lima Grain Cereal Seeds has sent varieties to India, Australia and South Africa.