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 prices in Jaipur at 3-week low on muted demand.
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.
Rice prices soar amid flash floods Sylhet (Bangladesh).
Flash floods in the greater Sylhet region have taken its toll on farmers and created a shortage of paddy for small to medium-sized rice mills. The Haor areas in northern Sylhet account for nearly 10% of the total cultivation area of about 4.8 million hectares this year and the flooding has adversely affected about 140,000 hectares. The mills usually stock up near the end of the season, which is not happening this season due to unexpected floods and only the big millers are well stocked with paddy. It all boils down to is a rise in retail prices of coarse rise in Dhaka by nearly 6.5% over a week and there is upward price rise of such rice in other parts of the country.
Rice prices to rise if imports stopped in Manila (Philippine).
Rice prices go up if government bans imports of the staple grain. Stopping all rice importation is a dangerous policy that lead to significant shortages and increased rice prices. And it needed to buy 490,800 tons of rice to boost its stockpiles that have fallen below the required level ahead of the July to September lean harvest season.
Dairy body to buy 3,000 tonnes de-oiled rice bran.
The National Cooperative Dairy Federation of India buy 3,000 tonnes of de-oiled rice bran through a reverse electronic auction. The commodity, used as cattle feed, bought on behalf of Karnataka Milk Federation. The federation has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy Products.
Australian farmers commit to wheat despite price slump, threat of dry weather.
Australian farmers maintain wheat acreage during the 2017-18 season at a near three-year high and rejecting incentives to plant alternative crops amid low prices and unfavourable weather forecasts. Estimates wheat acreage for the coming season at 13.4 million hectares (33.1 million acres), down just one percent from the 2016-17 season.
Wheat procurement begins in Faridkot.
Deputy Commissioner, Rajiv Prashar said, to buy 4.65 lakh metric tonnes of wheat this year against the last year 4.49 lakh metric tonnes and also pay money to the farmers within 48 hours after procuring their wheat. All arrangements, including water facility and public toilets, etc have been made. Ensuring that lifting of the crop within 72 hours after its arrival in the market. The procurement will conclude on April 30. Prashar requested farmers not to rush their crop to the grain market before properly drying it. Wheat can be procured only at the permissible moisture limit of 12%. A total of six agencies including Pungrain (Punjab Grains Procurement Corporation), PUNSUP (Punjab State Civil Supplies Corporation), Markfed, Agro, Warehouse and FCI (Food Corporation of India) are purchasing the wheat crop here. A total of 68 purchase centres have been opened in the district, including 31 in Faridkot city, 16 in Kotkapura, and 21 in Jaitu.
Turkish wheat stocks plummet, amid economic uncertainty.
Turkish wheat stocks are growing extremely tight due to economic uncertainty and a ban on Russian imports. US officials warned, with supplies implied to fall to less than two weeks of demand by the end of next season. The bureau cut its ideas of 2016-17 imports by 800,000 tonnes, to 4.0m tonnes and imports are seen rising to 4.5 million tonnes in 2017-18 due to ongoing demand for high quality wheat from flour and pasta exporters. By the end of 2017-18, stocks are seen falling to just 648,000 tonnes and assuming the uncertain economic environment continues to discourage stocking. The bureau forecast implies a stock to use ratio at an eye-wateringly tight 3.7%, enough for less than two weeks of consumption.
USDA raises 2017 wheat carryover 3% from March.
The U.S. Department of Agriculture in its April 11 World Agricultural Supply and Demand Estimates report raised its forecast for 2017 U.S. Wheat carryover by 3% from its March forecast to near a 30-year high. The USDA also raised its soybean carryover forecast by 2% from March but left corn carryover unchanged. USDA forecast the carryover of wheat on June1, 2017, at 1.159 billion bushels, up 30 million bushels from 1.129 billion bushels forecast last month and up 183 million bushels, or 19%, from 976 million bushels in 2016. USDA forecast was above the average but within the range of pre-report trade expectations.
High supplies drag wheat prices in spot markets.
Prices of wheat fell in major wholesale markets of the country due to high availability of the grain in spot markets and on anticipation of higher arrivals in the coming days. Arrivals in Punjab begin nearly 7-10 days ago and about 1,000 tonne of the grain arrive daily in Amritsar. Arrivals may rise to 2,000-2,500 tonne in the coming days.
9.11 lakh MT of wheat expected in Bathinda district markets.
Around 9,11,150 MT of wheat is expected to arrive in grain markets of the district. Bathinda Deputy Commissioner Diprava Lakra gave this information after conducting a visit to the grain markets at Talwandi Sabo, Bhagi Vander and Kotshamir to view arrangements for the wheat procurement process. Six procurement agencies would procure wheat in 182 grain markets of the district. Complete arrangements were in place at mandis and facilities for farmers, labourers and commission agents were also being ensured. The arrival of wheat would gain momentum in the days to come and agencies including Punsup, Pungrain, Punjab Warehouse, FCI and Markfed would procure wheat in the district.
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).
Customs restricts exit of rice from free trade zones Abuja (Nigeria).
Rice prices rise on flash floods in Sylhet (Bangladesh).
Rice prices rise on flash floods in Sylhet (Bangladesh).
National Food Authority in Philippine pegs deficit in govt rice stocks at 490,800 MT.
National Food Authority in Philippine pegs deficit in govt rice stocks at 490,800 MT.
Ukraine boosted grain exports by 9%.
Ukraine boosted grain exports by 9%.
Food regulator says ITC, HUL, others to start fortifying wheat flour.
Food regulator says ITC, HUL, others to start fortifying wheat flour.
Spot wheat down as supplies rise in Madhya Pradesh.
Spot wheat down as supplies rise in Madhya Pradesh.
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.
NCDEX coriander at 3% lower limit as supply seen up.