Chana up in Delhi on low arrivals, export incentive
Ram Gopal Yadav (7 years ago)

Prices of chana rose slightly in the benchmark market of Delhi due to lower supplies and on improved sentiment after the government announced export incentive. A 7% duty credit incentive on export of desi chana for a period of three months, effective Wednesday, was announced. This is aimed at disposing off huge stocks of chana, thus lifting prices of the commodity.

Odisha imports wheat, cereals to meet needs
Ram Gopal Yadav (7 years ago)

Odisha has been importing wheat, cereals, edible oils and potato from other States for long to meet people’s day-to-day needs. Odisha imported 5.12 lakh MT of wheat against annual need of 5.19 lakh MT and 64.48 lakh metric tonne of cereals against annual need of 73.46 lakh MT in 2017-18. Similarly, it imported 0.17 lakh metric tonne of edible oil and 9.51 lakh metric tonne of potato against annual needs of 2.45 lakh MT and 12.53 lakh metric tonne respectively. The Minister informed that Odisha imports wheat mostly from Uttar Pradesh, Madhya Pradesh and Bihar and pulses from Maharashtra and Chhattisgarh. Similarly, edible oil is procured from Rajasthan, Gujarat, Andhra Pradesh and Uttar Pradesh.

Russia increased wheat bran export by 4% in first half 2017/18
Ram Gopal Yadav (7 years ago)

Russia increased wheat bran exports by 4.4% in the first half of MY 2017/18 against the same time a year ago, to 462.3 KMT. Russian wheat bran exports dropped to 99.6 KMT in December 2017/18. This was down 5.1% on the month and 21.1% less than in December 2016/17 (126.3 KMT).

Iran tendering to buy 60,000 tonnes of raw sugar
Ram Gopal Yadav (7 years ago)

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
Ram Gopal Yadav (7 years ago)

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
Ram Gopal Yadav (7 years ago)

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
Ram Gopal Yadav (7 years ago)

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
Ram Gopal Yadav (7 years ago)

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
Ram Gopal Yadav (7 years ago)

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.
Ram Gopal Yadav (7 years ago)

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