Glencore India denies allegation of pulses cartelisation.
Ram Gopal Yadav (9 years ago)

Glencore Agriculture India Pvt Ltd has said it was not involved in any cartelisation by pulses traders in 2015-16, when prices of some pulses had hit record highs. An investigation by the income tax department indicated the spike in prices of pulses was because of cartelisation by traders.The company said the rise in prices was largely seen in tur and urad, and these commodities were not the core items imported by the company, adding that the company imported negligible quantity of tur and urad. Glencore is one of India largest importers of pulses. The report named companies like Glencore Group, ETG Group, Edelweiss Group, and Jindal Group for influencing overseas markets, hoarding local stock and evading taxes. Prices of most pulses, particularly tur and urad, had hit record highs in 2015. Tur prices in 2015 hit a record high of 15,300 rupees per 100 kg while those of urad had risen to 12,000 rupees.

India kharif pulses sowing progress.
Ram Gopal Yadav (9 years ago)

India kharif pulses sowing 4.41 million ha (up 22.92%) vs 3.59 million as on 7 july. India kharif tur sowing 1.43 million ha (down 5.65%) vs 1.51 million ha. India kharif urad sowing 1.01 million ha (up 36.81%) vs 0.74 million ha. India kharif moong sowing 1.25 million ha (up 23.96%) vs 1.08 million ha.

India coffee exports during Jan 1- Jul 4.
Ram Gopal Yadav (9 years ago)

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.

NCDEX coriander up over 2% on short covering.
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander on the NCDEX rose over 2% as investors covered their short positions after prices fell to a three-week low of 4,711 rupees per 100 kg on previous close. On the NCDEX, the July contract was at 4,907 rupees per 100 kg, up 2.5% from the previous close. In Baran, a key wholesale market, the Badami variety was sold for 5,125 rupees per 100 kg, while the Eagle variety was sold at 5,375 rupees, both unchanged from previous close. Supply in Rajasthan was steady at 4,500 bags (1 bag = 40 kg).

Coriander rises 2.23 pc on spot demand.
Ram Gopal Yadav (9 years ago)

Coriander prices rose by Rs 100 per quintal in the national capital in view of increased buying by retailers and stockists amid low stocks. fall in supplies from producing belts and firming trend in futures market also supported the upside.

Nepal Late monsoon delays paddy transplantation.
Ram Gopal Yadav (9 years ago)

Transplantation had been completed on 21.41 percent of the 1.55 million hectares of paddy fields. During the same period last year, the transplantation rate was 36.75 percent of the total land available. Last year, paddy fields totalled 1.42 million hectares. The paddy acreage increased to 1.55 million hectares at the end of the transplantation season because farmers planted paddy on more land due to abundant rainfall. This year, the monsoon entered Nepal on June 12, two days after the normal onset date.