India govt up 2016-17 maize output view to 26.26 MMT vs 26.14 MMT.
Deficient rainfall hit maize farmers in about half of Telangana.
Deficient rainfall hit maize farmers in about half of Telangana.
Coriander rise on fall in supply.
Coriander rise on fall in supply.
Gram and tur prices shot up in Nagpur.
Gram and tur prices shot up in Nagpur Agriculture Produce and Marketing Committee (APMC) here on increased demand from local millers amid thin supply from producing belts. Government restriction on pulses import, healthy rise in Madhya Pradesh pulses and reported demand from South-based millers also boosted prices.
Tur prices decline in Akola as arrivals double.
Prices of tur in Akola, Maharashtra, declined as arrivals doubled amid higher realization for the commodity. Prices have been hovering around four-month highs recently, due to an improvement in sentiment for the commodity after the government limited annual imports to 200,000 tonne.
Chana down in Delhi as arrivals more than double.
Prices of chana were down in Delhi as arrivals more than doubled after the Delhi border reopened. The border had remained closed since Monday night due to security reasons on account of Independence Day. Chana also down in Bikaner.
Groundnut oil softens on reduced offtake.
In restricted activity, groundnut oil prices declined at the wholesale oils and oilseeds market due to reduced offtake by stockists. Reduced offtake by stockists on the back of easing demand from retailers against adequate stocks position, mainly weighed on groundnut oil prices.
India Mustard seed futures up on spot demand.
Mustard seed prices rose in futures trade following raising of bets by participants, bolstered by brisk demand in spot markets amid tight supplies. Apart from restricted arrivals from growing belts, strong demand for oil mills in spot markets mainly lifted mustard seed prices in futures trade here.
India soybean gains 1% in line with CBOT cues; CPO down.
Futures contracts in the edible oil basket traded mixed, with soybean and mustard rising and crude palm oil and refined soyoil lower on domestic exchanges. Paring losses of the previous session, soybean futures on National Commodity and Derivatives Exchange ended 1.2% higher tracking gains in Chicago Board of Trade.
NCDEX marks 890 tonne soybean for Aug staggered delivery.
The National Commodity and Derivatives Exchange marked 890 tonne soybean, 840 tonne of castor and 720 tonne of wheat for staggered delivery in the August contract. The exchange also marked 20 tonne mustard oil cake and 20 tonne coriander for delivery.
NCDEX soybean up as pests hit crop in Madhya Pradesh.
Futures contracts of soybean rose on the NCDEX due to reports of insect attacks on the crop in many parts of Madhya Pradesh. Incidents of white grub, semi-looper caterpillar, girdle beetle and white fly attacks have been reported in key growing areas of Madhya Pradesh and Maharashtra. Yield may be less this year as a result of these attacks. Most-active October contract on the NCDEX traded at up 0.2% from the previous close.
Bitter row between north, south sugar mills over imports.
Sugar mills in drought affected Tamil Nadu have demanded tariff-rate quota (TRQ) import of 6 lakh tonne of raw sugar at zero import duty to help minimize losses. The Indian Sugar Mills Association (ISMA), has been opposing imports, claiming that the country has enough stock of the sweetener. However, South Indian Sugar Mills Association, Tamil Nadu (SISMA-TONNE) has approached the central government, requesting it to allow sugar import. Officials aware of the matter told ET that the government is reviewing the situation and may accept their demand, as it not only helps keep sugar prices in southern India under control but also enable sugar mills clear cane farmers dues.
India Sugar prices steady in key spot markets, trade lacklustre.
Prices of sugar remained largely unchanged in the key wholesale markets of the country amid thin trade. On the National Commodity and Derivatives Exchange, futures contracts of sugar traded flat because of low volumes.
Jaipur mustard seed up on demand from oil millers.
Prices of mustard seed were up in Jaipur, owing to improved demand from oil millers and crushers, coupled with a decline in arrivals. Increased demand for mustard oil due to the ongoing rainy season is also supporting prices.