Odisha targets to procure 3.6 MMT Rice during 2017-18 Khariff season.
Bajra rise on increased offtake.
Bajra rise on increased offtake.
Nestle to use 100% Mexican wheat.
Nestle to use 100% Mexican wheat.
Delays to US wheat exports set to persist in Harvey-hit Texas.
Delays to US wheat exports set to persist in Harvey-hit Texas.
US wheat eases after 3-day rally on Black Sea competition.
US wheat eases after 3-day rally on Black Sea competition.
India wheat imports in FY18 so far at 1.5 MMT.
India wheat imports in FY18 so far at 1.5 MMT.
Traders in deals to import 600,000 tn wheat amid talks of duty hike.
Traders in deals to import 600,000 tn wheat amid talks of duty hike.
Nestle to use 100% Mexican maize.
Nestle to use 100% Mexican maize.
NCDEX maize down 1% on profit booking.
NCDEX maize down 1% on profit booking.
Subdued EU wheat market weighs slow farmer sales, big Russia crop.
Subdued EU wheat market weighs slow farmer sales, big Russia crop.
Jr farm minister says maintaining 2016-17 pulses output a challenge.
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.
Bikaner, Delhi chana down on lower buys by dal millers.
Chana prices were down in key markets of Delhi and Bikaner because of lower demand from dal millers. Futures contracts were also weak with most-active October contract down 1.7%.
MMTC invites bids for sale of 7,090 tonne masoor, 2,010 tonne tur.
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.
Lemon tur down in Mumbai; Akola, Kalaburagi markets shut.
Prices of Lemon tur in Mumbai fell because of lower demand from dal millers. The benchmark market of Akola in Maharashtra, as well as other key markets such as Kalaburagi in Karnataka were shut on account of Anant Chaturdashi.
Malaysia CPO down on increase in output concerns.
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.
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.
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.
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.
Jaipur mustard seed extends gain on limited supply.
Prices of mustard seed rose in Jaipur for the second straight day due to limited supply in the markets and improved demand from domestic oil millers and crushers. Export demand for mustard meal also supported prices.
India Soybean, mustard end down; CPO up on global cues.
Futures contracts of edible oils traded mixed, with soybean and mustard closing lower and crude palm oil and refined soyoil trading higher. Soybean settled 0.4% down on the National Commodity and Derivatives Exchange due to hope of a recovery in yields in key growing areas, following recent rains. Prices had risen earlier as an extended dry spell over most parts of the country in August had affected crops in major soybean growing areas. On the US exchange, soybean rose due to expectations of higher demand for soyoil in the US amid a hike in import duty on biodiesel from Argentina and Indonesia. Taking cues from soybean, mustard ended around 1% lower on the NCDEX due to tepid buying by oil millers. The most-active November contract of crude palm oil ended at 2,768 ringgits (41,667.84 rupees) per tonne, up 2.3% from the previous close.