Jr farm minister says maintaining 2016-17 pulses output a challenge.
Ram Gopal Yadav (8 years ago)

Maintaining the record pulses output of 2016-17 (Jul-Jun) this year would be a challenge as some farmers have shifted to other crops looking for better realisations. Last year we harvested record pulses and reached close to self-sufficiency. This year it seems a challenge. Indian farmers harvested 22.95 million tonne of pulses in 2016-17, up from 16.35 million tonne previous year, according to the fourth advance estimates of farm ministry. National Bulk Handling Corp Pvt Ltd has estimated India’s kharif pulses output for 2017-18 at 8.5 million tonne, less than 9.4 million tonne harvested a year ago. India’s pulses output seen falling this year as the bumper crop last year weighed on prices, discouraging farmers from sowing pulses.

MMTC invites bids for sale of 7,090 tonne masoor, 2,010 tonne tur.
Ram Gopal Yadav (8 years ago)

MMTC Ltd has floated a tender to sell 7,090 tonne imported masoor lying at the Mumbai Port Trust shed. MMTC has also floated tender to sell 2,010 tonne imported tur and 1,965 tonne imported urad. The urad and tur are lying at the Central Warehousing Corp, Vashi and Maharashtra State Warehousing Corp, Panvel. Bids must be submitted on Sep 12. The bids remain valid for acceptance till Sep 14.

Malaysia CPO down on increase in output concerns.
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on Bursa Malaysia Derivatives were down as traders were cautious over the increase in production in the coming months. The most active November futures contract traded at 2,761 ringgits (41,704rupees) per tonne, down 6 ringgits from the previous close. An appreciation in the Malaysian currency against the dollar further supported the fall in prices. Strength in the ringgit against the greenback makes palm oil unattractive for Malaysian exporters.

Canada frost damage to soybeans.
Ram Gopal Yadav (8 years ago)

Frost damage to soybeans depends on the stage of the soybeans and how cold it gets and for how long. Frost is possible two days Wednesday morning in parts of Manitoba. Soybean growth stage is determined by examining the pods. It is all about the pods, so don’t get distracted by the condition of the leaves. The more advanced/mature the soybeans pods are, the less the potential yield loss.

Canada Canola flat as soybeans rise on dry Midwest weather.
Ram Gopal Yadav (8 years ago)

Canola futures were little changed even as soybeans surged higher. The seven days forecast for the Canadian Prairies remains dry and the cool weather should give way to warmer temperatures and the rest of the week. Soybeans rose on dry weather in the U.S. Midwest that could prevent the crop from reaching its full potential. Also, a new soybean purchase by China underlined the good pace of export demand for American beans. Soymeal closed higher, but soy oil finished lower after being higher in the morning.

Palmolein oil up on uptick in demand from retailers in Delhi.
Ram Gopal Yadav (8 years ago)

Palmolein oil prices firmed up by Rs 50 per quintal at the wholesale oils and oilseeds market backed up by pick up in demand from retailers. However, other edible oils held steady in thin trade. Castor oil in the non-edible section, also recovered on increased offtake by consuming industries. Traders attributed the rise in palmolein oil prices to upsurge in demand from retailers. Rajkot groundnut oil prices moved down due to supply pressure.