Farm agency raises forecast for ’17-18 average chana price in Canada
Ram Gopal Yadav (9 years ago)

Agriculture and Agri-Food Canada has raised its forecast for prices of chana in the country to an average $1,100-$1,130 a metric tonne in 2017-18 (Aug-Jul) from its September estimate of $1,000-$1,030 due to strong global demand. Canada’s farm agency has revised upwards its price forecast despite reports of likely higher sowing of the pulse in India. The agency has forecast production of chana in Canada at 81,000 metric tonne in 2017-18, unchanged from its previous estimate but a tad lower than last year’s output of 82,000 metric tonne. Supply of chana, or chickpeas, is expected to decline by 26% on year to 96,000 metric tonne due to lower carry-in stocks and imports. The agency, however, has lowered its average price estimate for lentils to $650-$680 per metric tonne from its September estimate of $720-$750.

MMTC to auction 4,492 metric tonne masoor via NCDEX e-markets
Ram Gopal Yadav (9 years ago)

MMTC offer 4,491.50 metric tonne of masoor imported from Canada, 2,665 metric tonne of tur imported from Malawi and Mozambique and 2,633.50 metric tonne of urad imported from Myanmar, for auction through NCDEX e-markets. Pulses, to be auctioned, are stocked at Central Warehousing Corp and other godowns in Tamil Nadu, Gujarat, and Maharashtra.

Farm minister says govt OKs buys of 350,000 metric tonne groundnut in Gujarat.
Ram Gopal Yadav (9 years ago)

The Centre has approved Gujarat government’s proposal for procurement of 350,000 metric tonne groundnut in 2017-18 (Jul-Jun). The government-mandated minimum support price of the oilseed is 4,450 rupees per 100 kg, inclusive of Centre’s bonus of 100 rupees per 100 kg. The move comes as prices of the pulses have fallen below the minimum support price in key markets of the state.

Philippine Ships 100,662 MT of raw sugar to China, Japan
Ram Gopal Yadav (9 years ago)

Traders shipped 100,662.51 metric tons (MT) of raw sugar to China and Japan as part of efforts to reduce the country’s sugar inventory. The volume is part of the 140,000 MT of sugar that Philippine traders would export to countries other than the United States by the end of November. Shipping 140,000 MT of ‘D” sugar would help reduce the country’s sugar inventory and improve domestic prices during the current crop year, which began on September 1.

Maharashtra sugar output in Nov seen up 60% on year at 1.5 million metric tonne.
Ram Gopal Yadav (9 years ago)

Mills in Maharashtra are likely to produce around 1.5 million metric tonne sugar in November, the first month of the start of the season, up nearly 60% from the corresponding month last year. Around 150 mills are likely to start operations in November this season, compared to 100 mills in the same period last year. Reports surfaced in Maharashtra about a possible delay in crushing due to continued rains across the state.