Turkey’s TMO seeks 149,000 MT of corn for March-April delivery.
Corn momentum slows, wheat and soy on target in US grains inspections.
Corn momentum slows, wheat and soy on target in US grains inspections.
US weekly corn inspected for export total falls 28% on week, 35% on year.
US weekly corn inspected for export total falls 28% on week, 35% on year.
Madhya Pradesh extends rabi registration for pricedeficit scheme
The Madhya Pradesh government has extended the deadline for farmers to register for rabi crops under its pricedeficit scheme by 12 days to Mar 24. The earlier deadline for farmers to register for the scheme ‘Bhavantar Bhugtan Yojana’ was Mar 12. For 201718 rabi season, the state has included key crops like chana, masur and mustard seed and onion in the scheme.
NAFED procures 402,049 tn of tur at MSP across four states
The National Agricultural Cooperative Marketing Federation of India procured 402,049 tn tur across Karnataka, Maharashtra, Telangana, and Andhra Pradesh as of Sunday. The federation began procuring the commodity as market prices had plunged below the minimum support price of 5,450 rupees per 100 kg due to higher arrivals of the fresh crop and subdued buying by dal millers. The agency procured 256,754 tn of tur in Karnataka, 75,300 tn in Telangana, 62,741 tn in Maharashtra, and 7,254 tn in Andhra Pradesh. So far, the agency has bought tur from 317,231 farmers across these states, through about 750 centres.
Tur prices steady in Akola; Kalaburagi mkt closed
Prices of tur were steady in Akola as supply of the pulse in spot markets was sufficient to meet the limited demand. Prices of tur at Kalabuargi were unavailable as markets were shut on account of local festivitie.
Rise in import weighs on barley prices in Jaipur
Prices of barley fell in Jaipur, Rajasthan, as imports of the grain rose following concerns over quality of domestic stocks. Lacklustre demand from the malt industry also weighed on barley prices.
India soybean ends 1% higher on demand in spot mkts
Futures of soybean and refined soyoil traded over 1% higher on the National Commodity and Derivatives Exchange because of rise in demand in wholesale markets. Expectation of a hike in import duty on soyoil, in line with palm oil, also boosted the sentiment on the Indian exchange.
Mustard seed up in Jaipur on higher arrivals
Prices of mustard seed fell in the benchmark market of Jaipur, Rajasthan due to a rise in arrivals. Weak demand from domestic oil millers and crushers also weighed on prices.