Pulses farmers income fell 16% in 2016-17: Crisil study.
Ram Gopal Yadav (8 years ago)

The profit margin of pulses farmers fell 16 per cent on average in 2016-17 due to record production. If gram is excluded, margins have fallen by 30 per cent. While the selling price of pulses fell, the cost of cultivation continued to rise. Cost of cultivation increased 3.7 per cent year-on-year in agriculture year (July to June) 2016-17, compared with 2.8 per cent in the previous year and hence increase in MSPs did little to stem the fall in their earnings. Fall in farmers’ income is due to a record production of 22.95 million tonnes of pulses in 2016-17, up 40 per cent over the previous year and 19 per cent higher than the previous record of 19 million tonnes in 2013-14.

Tamil Nadu floats tender to buy 30,000 tonne processed pulses.
Ram Gopal Yadav (8 years ago)

Tamil Nadu Civil Supplies Corp has invited bids to buy 30,000 tonne of processed pulses to be delivered at the agency’s warehouse in Chennai. The processed pulses should be as per Agmark specifications. The agency procures any one of the following–tur dal, or Canadian yellow masur, or red masur whole dal. Bids must be submitted on Sep 15, and opened the same day. The bids remain valid for acceptance till Dec 12.

Delhi chana prices up tracking NCDEX, higher demand.
Ram Gopal Yadav (8 years ago)

Prices of chana rose in Delhi tracking NCDEX and also due to a slight increase in demand from dal millers. NCDEX chana contracts rose because of short covering by market participants. Open interest in the most-active October contract fell to 30,720 tonne from 30,810 tonne, which indicates short covering by investors.

Tur down in Akola as trade subdued after holidays.
Ram Gopal Yadav (8 years ago)

Prices of tur fell in Akola, Maharashtra due to lower demand as trade was subdued after festivals. In the benchmark market of Akola, the commodity was sold down 50 rupees from previous close, while arrivals remained steady at 300-400 bags (1 bag = 100 kg).

Soaring Chinese soybean stocks to curb import growth – USDA.
Ram Gopal Yadav (8 years ago)

US officials cautioned over expectations of a substantial rise in Chinese soybean imports, citing the high stocks of the oilseed already bought, amid market questions over a slow pace of US export orders. The US Department of Agriculture Beijing bureau pegged at 92.5m tonnes soybean imports by China, the world top buyer, in 2017-18 on an October-to-September basis. While a rise of 1.5m tonnes year on year, and representing a record high, the forecast is well below the USDA official forecast of 94.0m tonnes.