Bangladesh rice agreement is still valid.
Iraq says buys 90,000 MT of US rice in direct deal.
Iraq says buys 90,000 MT of US rice in direct deal.
Pakistan can capture India’s $ 260 mln rice share in EU.
Pakistan can capture India’s $ 260 mln rice share in EU.
Govt nod to paddy buying by commission agents, Uttarakhand, farmers feel cheated.
Govt nod to paddy buying by commission agents, Uttarakhand, farmers feel cheated.
Procurement woes, unseasonal rain dampen Bengal paddy farmers.
Procurement woes, unseasonal rain dampen Bengal paddy farmers.
India rice prices rise on improved demand, fresh supply caps gains.
India rice prices rise on improved demand, fresh supply caps gains.
Paddy procurement begins in Sambalpur.
Paddy procurement begins in Sambalpur.
Russia leads global wheat market; US exports likely to struggle because of dollar.
Russia leads global wheat market; US exports likely to struggle because of dollar.
CBOT wheat rises on weak dollar, export demand seen up.
CBOT wheat rises on weak dollar, export demand seen up.
Nearly 90,000 MT wheat to hit ports this month after import duty hike.
Nearly 90,000 MT wheat to hit ports this month after import duty hike.
India spot wheat flat; import duty hike yet to lift demand.
India spot wheat flat; import duty hike yet to lift demand.
Govt sells 1.8 MMT wheat to states in Oct under food security law.
Govt sells 1.8 MMT wheat to states in Oct under food security law.
Japan to remove effective tariff on wheat for pasta.
Japan to remove effective tariff on wheat for pasta.
Indonesia ups the ante on wheat imports from Australia.
Indonesia ups the ante on wheat imports from Australia.
MCX crude palm oil futures up on bargain buying
Futures contracts of crude palm oil rose on MCX due to bargain buying after prices hit a near one-week low of 559.7 rupees per 10 kg. The November contract of crude palm oil on MCX was at 562 rupees on the MCX, up 0.2% from previous close. Traders are expecting a hike in import duty on edible oils which also added to the positive market sentiment.
Malaysia CPO ends up on overnight CBOT soyoil cues.
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended higher, tracking overnight gains in soyoil contracts on CBOT. The most-active February contract of crude palm oil on the Malaysian bourse closed at 2,739 ringgits (42,826.46 rupees) per tn, up 7 ringgits from the previous close.
India Soybean futures fall on high supplies in spot markets
Soybean futures ended almost 1% lower on the National Commodity Derivatives Exchange because of higher supplies in major wholesale markets in the country. Prices fell also as farmers are offloading stock in markets to raise funds for rabi crop sowing.
India Govt raises base import price of all edible oils.
The government today raised the base import price of all edible oils, with the steepest increase of $23 per tn in crude soyoil. The base import price for crude palm oil and refined, bleached and deodorised palm oil were raised by $8 per tn each.The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Oct 31. India is a net importer of edible oils. In 2015-16 (Nov-Oct), it imported a record 14.6 mln tn of edible oils.
India Cabinet allows export of pulses without any restriction.
The Cabinet Committee on Economic Affairs lifted all restrictions on export of pulses. The cabinet panel has also empowered a committee headed by the food secretary to review the import-export policy on pulses and consider measures such as quantitative restrictions (on imports) and changes in import duties depending on domestic production, demand and international markets.
Mumbai Oct pulses imports up 241% YoY on fears govt may impose duty.
Inbound shipments of pulses at Mumbai’s Nhava Sheva port increased over threefold on year in October as traders fear the government may soon impose more restrictions on imports. As much as 485,646 tn pulses arrived at the port in October, 241% more than 142,488 tn in the year ago period. On a month-on-month basis, the rise in imports is almost fourfold. The government early this month imposed 50% customs duty on yellow peas. Traders expect similar action may be taken for chana and masur too.