Russia’s grain export may total 52-53 mln tonnes in 2017-2018 agriculture year, with wheat export planned at 36-37 mln tonnes. Russia’s grain harvest might amount to 110-115 mln tonnes during this agriculture year versus 106-110 mln tonnes announced earlier.
Iran tendering to buy 60,000 tonnes of raw sugar
Iranian state purchasing agency the Government Trading Corporation of Iran (GTC) has issued a new international tender to buy 60,000 tonnes of raw sugar. The tender closes on April 17. Shipment is sought in June. The GTC reserves the right to purchase 10 percent more or less than the tender volume.
Pakistan to export 100 tons hybrid rice seeds for first time in April
Pakistan is all set to export the first ever consignment of 100 tons heat-tolerant rice seeds to the Philippines next month. The first ever consignment of 100 tons high-yielding hybrid rice seed is expected to be exported to the Philippines in April, which will be sufficient to cultivate about 15,000 acres of land. The success of Pakistani scientists in developing prime rice seed varieties was a result of partnership with Chinese researchers, led by Yuan Longping, in 2004 after development of hybrid seed breeding technique across the coastal belt of Sindh
Thailand expects record rice production
Rice and corn production in Thailand is expected to increase in 2018-19 due to attractive prices and available water to support irrigation. The country’s rice production is expected to reach a record 21 million tonnes, up 3% from the 2017-18 marketing year. In February, the farm-gate price for white and fragrant paddy rice were up 5% and 53%, respectively, from the previous year.
Indonesia buys about 50,000 T rice in tender
Indonesian state food procurement agency Bulog bought about 50,000 tonnes rice in an international tender. The rice in the purchase is expected to be sourced from Pakistan. The purchase included 12,500 tonnes of white rice of 5 percent broken grade all bought at $460 a tonne c&f. Another 37,500 tonnes of white rice of 15 percent broken grade was all purchased at $450 a tonne c&f. Latest shipment period is May 31 and all the rice will be shipped in containers.
Russia boosts palm oil imports in January 2018
Russia’s import of palm oil and its fraction surged 27.8% year-on-year to 72,700 tonnes in January 2018. Imports of sunflower oil, safflower or cottonseed oil and their fractions grew by 21.2% to 900,000 tonnes in the first month of the year. Import of coconut (copra), palm kernel or babassu oil and their fractions fell 49.5% in the reporting period to 4,000 tonnes
India edible oil most dn; NCDEX soybean gains taking cues from CBOT
Futures contracts of most components of the edible oil complex, barring soybean, fell on domestic exchanges. The most-active April contract of soybean rose marginally on the National Commodity and Derivatives Exchange tailing strength in key contracts on the Chicago Board of Trade. Paring gains from the previous session, the April contract of mustard on NCDEX traded 0.5% lower due to a rise in arrivals of fresh crop and lukewarm demand from oil millers.
Jaipur mustard seed up on demand from millers.
Prices of mustard seed were up in the benchmark market of Jaipur due to renewed demand from domestic oil millers and crushers, after price hit a two-month low. Higher arrivals were insufficient to meet the rising demand, thereby supporting prices of mustard seed