NCDEX cotton oilcake at 17-month low on weak demand.
Ram Gopal Yadav (8 years ago)

Futures contracts of cottonseed oilcake hit a 17-month low of 1,806 rupees per 100 kg tracking a fall in physical markets. Cheaper alternatives for cattle feed weakened the demand for cottonseed oilcake. June contract of cottonseed oilcake on the NCDEX ended at 1,824 rupees per 100 kg, down 1.88% from the previous close. In Kadi, cottonseed oilcake was sold at 1,165-1,170 rupees per 60 kg, down 50 rupees from previous close.

India cotton area 1.12 million hectare, up 27% on year.
Ram Gopal Yadav (8 years ago)

Of the total sown area under the fibre, the area under Bt cotton was 1.05 million hectare, while 74,600 ha was non-Bt. In Punjab, cotton acreage was at 344,000 hectare, up nearly 44% on year, while in Haryana, the area is up 16.6% at 583,000 hectare. In Rajasthan, however, cotton sowing was at 110,000 hectare, down from 116,000 hectare in the year-ago period. Farmers in most of central and southern India start sowing the crop after monsoon rains.

Rajasthan coriander prices rise as local demand up.
Ram Gopal Yadav (8 years ago)

Prices of coriander were up in Rajasthan markets today, following a rise in demand from domestic retailers. At Kota, the Badami variety quoted 5,900 rupees per 100 kg, while the Eagle variety was sold at 6,200-6,400 rupees, both up 100-200 rupees. Coriander arrivals in Rajasthan were unchanged at 7,500 bags (1bag=40kg).

Kharif maize area at 26,000 hectare so far, up 225% on year.
Ram Gopal Yadav (8 years ago)

Maize was sown over 25,000 hectare in Karnataka, more than thrice the 7,000 hectare sown in the year-ago period. Karnataka is one of the largest kharif maize producing states in the country. Farmers in Tamil Nadu planted maize over 1,000 hectare, unchanged from previous year. Maize sowing is likely to rise further with the onset of the southwest monsoon. According to IMD officials, the monsoon is likely to hit Kerala on Tuesday.

Maize NCDEX down and fell in spot market.
Ram Gopal Yadav (8 years ago)

Maize prices also fell in spot markets of Bihar as arrivals have increased but demand is weak due to low quality of crop. Cattle feed quality of the grain was selling down 15-20 rupees from previous close. Higher sowing dragged rabi maize futures down on the NCDEX and the most active June contract ended down 1.1% from previous close.

Paddy acreage at 175,790 hectare, largely unchanged Year on Year.
Ram Gopal Yadav (8 years ago)

The acreage is almost unchanged from that in the year-ago period–175,700 hectare. It is, however, lower than the normal area of 207,000 hectare for this period, based on the average of the last five years. In Odisha, one of India major rice producing states, paddy was sown over 300 hectare, up 200% from a year ago. In Assam, another major producer, the acreage was down 9.2% on year at 59,000 hectare. Sowing is yet to begin in Uttar Pradesh, West Bengal and Punjab.

Rain cloud over paddy stock in open mandis in Odisha Kalahandi.
Ram Gopal Yadav (8 years ago)

With Met office forecasting rain from first week of June, farmers of Kalahandi district apprehend heavy loss of their paddy crop which is lying in the open at various mandis. 50 per cent of paddy crop have been harvested and brought to mandis or procurement centres. Of the total 89 mandis opened so far, 45 do not have permanent shed or store house. As a result, the hundreds of bags of paddy have been dumped in the open. Kalahandi administration has set a target to procure 16 lakh quintals of rabi paddy and toll date, 9,204 quintals have been procured from 125 farmers through 27 mandis of PACS.

Ukrainian wheat supplies to Egypt hit a high in April.
Ram Gopal Yadav (8 years ago)

Ukraine exported 1.2 MMT of wheat in April 2017 that is down 8% year-on-year (1.3 MMT in April 2016). When compared season on season, Ukrainian wheat exports are currently up 11% against July-April 2015/16 (15.8 MMT and 14.2 MMT, respectively). Following the closure of Indian demand, Egypt was the top destination for Ukrainian wheat exports for a second month in a row. Ukraine supplied 553 KMT of wheat to Egypt market in April, i.e. 46% of total exports that month and the largest volume since October 2013. Ukrainian wheat exports to Turkey expanded in the last two months. Turkey purchased 113 KMT of wheat from Ukraine in March-April. In total, Turkey imported 140 KMT of Ukrainian wheat in MY 2016/17 that is already 25% more than for the whole last season.

Wheat exports from Bulgaria up 21% year-on-year.
Ram Gopal Yadav (8 years ago)

Bulgaria exported 3.92 MMT of wheat in MY 2016/17 by May 12, i.e. 20.6% more than for the whole last season. This result was achieved owing to a bumper wheat crop in the country in 2016 (5.65 MMT). Exports in the current marketing year are also expected to hit a record high. 62% of 2016/17 wheat exports went to European Union countries. This percentage equaled 65% in MY 2015/16.

Wheat falls 50 rupee/100 kg in Indore as govt buys end.
Ram Gopal Yadav (8 years ago)

Supplies to the market are high and they have further increased since government procurement stopped, demand, however, is subdued as there is ample stock with stockists. Government has procured nearly 6.7 million tonne wheat from Madhya Pradesh. Wheat prices remained unchanged in other major markets of the country. NCDEX June contract ended down 0.4% from previous close.

NCDEX coriander may open down on margin levy.
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander may open lower on the NCDEX as the exchange will levy a 5% additional margin and 10% special margin on the contracts. The additional margin has been imposed on both buy and sell positions, while the special margin has been levied on sell positions on all running and yet-to-be-launched contracts of coriander. June contract of coriander on NCDEX ended at 5,345 rupees per 100 kg, up 3.7% from the previous close.