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

June contract traded at 5,105 rupees per 100 kg, up 2.6% from the previous settlement. Prices of the spice also rose as arrivals in Ramganj and Kota more than halved to 3,000 bags (1bag=40kg). At Kota, the benchmark market for the commodity, coriander prices were unchanged as demand matched supply. The Badami variety was quoted at 5,800 rupees per 100 kg, while the Eagle variety was sold at 6,100-6,300 rupees. Markets in Baran, Rajasthan, were closed because Amavasya.

India coffee exports during Jan 1- May 24.
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.

Dairy body buys 46 tonne maize at 1,481 rupees/100 kg.
Ram Gopal Yadav (9 years ago)

The National Cooperative Dairy Federation of India bought 46 tonne maize at 1,481 rupees per 100 kg through an online auction. The commodity, which is used as cattle feed, was bought on behalf of the Sabarmati Ashram Gaushala. The federation, which has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy products.

CBOT Maize futures traded higher.
Ram Gopal Yadav (9 years ago)

Corn futures on the CBOT traded higher as rains in the US have posed a threat to the yield of corn, in addition to fears that sowing may be hampered. July corn contract on the CBOT was at $3.73 a bushel, up 0.5% from the previous close.

European Union wheat climbs in step with Chicago as euro weakens.
Ram Gopal Yadav (9 years ago)

European wheat futures rose as a weaker euro and gains in Chicago futures lent support to prices. December milling wheat on the Paris-based Euronext exchange was up 0.25 euro or 0.15 percent at 171.50 euros a tonne. Trade was thin due to a public holiday in parts of Europe. The International Grains Council lowered its forecast for European Union production in the 2017/18 season by 0.4 million tonnes to 149.9 million tonnes. The revision was mostly due to a 1 million tonne cut in output for Spain, although higher production in France, Germany, Romania and Britain helped offset the bulk of the decline.

CBOT wheat futures traded higher.
Ram Gopal Yadav (9 years ago)

July wheat contract on CBOT was at $4.3375 a bushel, up 0.3% from the previous close, due to concern about the quality of the crop in the growing regions in the US. Rains in the US over the last few weeks have triggered concerns of lower yield and high moisture content in the crop.

Wheat fall on NCDEX, unchanged in spot markets.
Ram Gopal Yadav (9 years ago)

June contract of wheat ended down 0.3% from the previous close, due to high supplies in wholesale markets and weak demand from stockists and bulk buyers. Most of the bulk buyers have already built their stocks, so demand for wheat is weak while supplies across the country are high. Delhi price unchanged and daily arrivals in Delhi are at about 50,000-60,000 bags (1bag=100kg), a large share of which is from Uttar Pradesh and Haryana. Market in Indore was shut because Amavasya.

India non-basmati rice exports likely to grow at 5% in FY18.
Ram Gopal Yadav (9 years ago)

India exports of non-basmati rice are likely rise 5% in 2017-18 (Apr-Mar) from about 6.63 million tonne last year, due to high availability in country a bumper crop in 2016-17 (Jul-Jun). India non-basmati rice output in 2016-17 (Jul-Jun) is estimated at a record high of 103 million tonne. Higher supplies in the country have dragged the prices down, which has made Indian rice cheaper than its competitors. In global markets, 25% broken non-basmati rice from India is available at $415 a tonne while that from Thailand is sold at $544 a tonne and from Pakistan at $435 a tonne.

Vietnam prices hit 13-month high; Thailand up on lower supply.
Ram Gopal Yadav (9 years ago)

Vietnam rice hit its highest level in over a year this week on potential export deals and prices in Thailand firmed up as supply eased, while the Indian variety gained on growing demand from Africa. Strong demand from top importing countries such as Bangladesh and the Philippines are fuelling the uptrend in Vietnam and Thailand rice prices. Vietnam 5-percent broken rice RI-VNBKN5-P1 was quoted at a level unseen since April last year, at $360-$380 a tonne, FOB Saigon, up from $365-$370 last week. Thailand benchmark 5-percent broken rice RI-THBKN5-P1 firmed this week to $411-$412 a tonne, free-on-board (FOB) Bangkok, from $385-$411 last week, the highest in nine months.