Wheat hits 17-day low as rains provide temporary relief.
Wheat prices rise in Indore on low arrivals.
Wheat prices rise in Indore on low arrivals.
Global rice processing facility to come up in Mysuru.
Global rice processing facility to come up in Mysuru.
27,000 MT of Vietnamese rice arrive in Chittagong (Bangladesh).
27,000 MT of Vietnamese rice arrive in Chittagong (Bangladesh).
South Asia in urgent call for Thailand rice.
South Asia in urgent call for Thailand rice.
Uttarakhand farmers advised to continue sowing basmati.
Uttarakhand farmers advised to continue sowing basmati.
West Bengal farmers asked to transplant paddy nursery.
West Bengal farmers asked to transplant paddy nursery.
Andhra farmers told to continue nursery sowing of rice.
Andhra farmers told to continue nursery sowing of rice.
Punjab farmers advised to undertake weeding of maize.
Punjab farmers advised to undertake weeding of maize.
Dairy body to buy 500 tn maize via e-auction on 19 July.
Dairy body to buy 500 tn maize via e-auction on 19 July.
Rajasthan farmers asked to sow millet, guar, maize.
Rajasthan farmers asked to sow millet, guar, maize.
Orissa government lifted stockholding limits on edible oils and oilseeds.
The Orissa government has lifted stockholding limits on pulses, edible oilseeds and edible oils in view of the adequate supply and drop in prices. The stockholding limits on pulses have been lifted with immediate effect, as there is no shortage of pulses in the country and prices have fallen. Prior to the new order, a wholesaler was allowed to store upto 2,000 quintal of pulses, 1,000 quintal of edible oil seeds and 500 quintals of edible oils. Similarly, retailers were allowed to stock up to 50 quintal each of pulses and edible oil seeds and 20 quintals of oils.
India No decision yet on GM mustard commercial launch, Centre tells SC.
No decision has been taken so far on clearance to commercial release of genetically modified mustard seed in India. The Centre submitted before the court that on Jul 24 it will file a detailed report on how it plans to go about the launch, including a tentative date by which the decision is likely to be taken. India has so far not allowed transgenic seed in food crop, and cotton is the only crop where genetically modified seeds are allowed for commercial use. Genetic Engineering Appraisal Committee had cleared a genetically modified brinjal seed for commercial use, but the government had put a moratorium on its release.
Jaipur mustard seed hits 1-mo high as supply falls.
Mustard seed prices in Jaipur hit a one-month high up 30 rupees from previous close, on a fall in arrivals and due to improved demand from domestic oil millers and crushers. Seasonal demand for mustard oil has lifted seed prices. Supplies are lower as farmers are not ready to sell much of their produce at existing rates, as they expect prices to rise in the coming days.
CBOT soybean down on favourable US weather.
Futures contracts of soybean fell on CBOT due to the recent favourable rains in key growing areas in the US, the world largest grower. Rains help in growth of the plant and may boost the yield of the crop. Forecast of favourable weather in the coming days also weighed on sentiment. The most-active August contract in electronic trade on CBOT traded at $9.8300 per bushel, down 0.6% from the previous close.
Orissa government lifted stockholding limits on pulses.
The Orissa government has lifted stockholding limits on pulses, edible oilseeds and edible oils in view of the adequate supply and drop in prices. The stockholding limits on pulses have been lifted with immediate effect, as there is no shortage of pulses in the country and prices have fallen. Prior to the new order, a wholesaler was allowed to store upto 2,000 quintal of pulses, 1,000 quintal of edible oil seeds and 500 quintals of edible oils. Similarly, retailers were allowed to stock up to 50 quintal each of pulses and edible oil seeds and 20 quintals of oils.
Government buying of pulses falls 86% short of target.
After a big success during the earlier kharif season, government agencies have failed in pulses procurement in the ongoing rabi marketing season, missing their target by 86 per cent. Nafed procured only 19,779 tonnes of masur (red gram) as on July 3, against the target of 100,000 tonnes. And, 51,059 tonnes of chana (Bengal gram), against the procurement target of 400,000 tonnes. Respectively, 19.8 per cent and 12.8 per cent of the rabi marketing target. The government has set a buffer limit of two million tonnes for both kharif and rabi seasons, which is almost achieved. So, the ministry initially set the procurement target of 500,000 tonnes, later reduced to 400,000 tonnes. Price is a factor which prompted farmers to hold on to their produce.
NAFED procures 53,000 tonne of 2016-17 chana, 25,000 tonne of masur so far.
The National Agricultural Cooperative Marketing Federation has so far procured 53,000 tonne chana and 25,000 tonne masur grown in 2016-17 (Jul-Jun) rabi season in key growing areas of the country. In Madhya Pradesh, NAFED has bought around 18,000 tonne masur from Madhya Pradesh and the rest from Uttar Pradesh. Around 41,600 tonne of chana has been procured in Rajasthan, about 10,800 tonne in Madhya Pradesh, 947 tonne in Uttar Pradesh, and the rest in Haryana. The agency has also bought around 150,000 tonne of summer grown moong, mostly from Madhya Pradesh.
NCDEX chana hits 4% lower limit as arrivals double.
Chana future contracts on the NCDEX hit the 4% lower limit as arrivals of the commodity in the local market doubled while demand from dal millers was low. Expectations of demand ahead of festivals are likely to restrict sharp fall in the pulse prices.
EU 2017-18 sugar output seen up 20% at 20.1 million tonne.
European Commission has forecast output of white sugar in the European Union at 20.1 million tonne for 2017-18, up 20% on year. While sugar imports are expected to halve to 1.5 million tonne due to a likely drop in prices of white sugar, European Commission sees sugar exports from the European bloc doubling to 2.8 million tonne in 2017-18.