India coffee exports during Jan 1- Jun 30.

The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

Cotton area up over 2-fold on year at 4.6 million hectares.

Cotton acreage was more than two-fold higher on year at 4.6 million ha as of Thursday. The acreage was also higher than the normal of 3.4 million ha for the corresponding period, based on the average of last five years. The acreage is sharply higher than last year due to a huge shift from pulses to cotton as it offers lucrative prices. Good progress of monsoon has also aided cotton sowing across the country. In the largest producer Maharashtra, acreage was 62-fold up on year at 1.2 million ha. In another major grower Telangana, sowing was 53.2% higher than a year ago at 881,000 ha.

NCDEX coriander down over 1% on profit booking.

Futures contracts of coriander on the NCDEX were down over 1% as investors continued to book profits for the third straight day, after prices hit a four-week high of 5,310 rupees per 100 kg. A 510-tonne decline in open interest in the July contract to 22,190 tonne indicated profit booking. The July contract was at 4,958 rupees per 100 kg on the NCDEX, down 1.5% from the previous close. Prices at spot markets in Rajasthan were unavailable today as the market was shut due to a strike called by traders to protest the implementation of the goods and services tax.

China donates over 2500 tonnes of rice to Gambia.

The People Republic of China donated 2,568 metric tonnes of rice to the Gambia government for free distribution in the seven administrative regions of the country. Another consignment of 1,260 metric tonnes of donated Chinese rice is due in Banjul before end of July.