Rains lash many parts of Punjab, Haryana; wheat farmers worried.
Govt procures 1.9 MMT of wheat in FY19 so far, down 7% on year .
Govt procures 1.9 MMT of wheat in FY19 so far, down 7% on year .
USDA arm sees Bangladesh 2018-19 rice imports 0.8 mln tn, dn 78% YoY.
USDA arm sees Bangladesh 2018-19 rice imports 0.8 mln tn, dn 78% YoY.
Bangladesh govt ups 2018-19 boro rice purchase price.
Bangladesh govt ups 2018-19 boro rice purchase price.
All India rice procurement updates.
All India rice procurement updates.
Coriander down in Kota, Rajkot on supply pressure
Prices of coriander fell in key markets of Gujarat and Rajasthan due to a rise in arrivals. The fall in prices, however, is likely to be limited as arrivals are still lower than normal this year due to a decline in acreage of the crop. The most active May contract of coriander on NCDEX traded 0.9% lower.
Chana down on subdued buys from dal millers
Chana prices were down in most markets because of subdued demand from the stockists and dal millers. The arrivals of chana in Delhi was at 300 tn and in Bikaner it was at 100 tn, both unchanged. Traders are waiting for the government procurement in Madhya Pradesh which may support prices slightly but sharp gains are unlikely because of bumper output of the pulse this season. The most active May chana futures on the NCDEX was down 1%.
Australia says nil chana export to India after it levied import duty
India did not import any chana in February from Australia as compared to 675 tn in January and 20,999 tn in December after the former levied a customs duty. India is traditionally, Australia’s biggest chana importer. India had imposed a 60% customs duty on chana in March to curb cheaper imports and support prices. Overall, exports of chana from Australia in February were at 50,832 tn as compared to 58,190 tn in January. However, exports from Australia to other destinations particularly Bangladesh have increased in the above months.
Tur prices flat in Akola on steady supply, demand
Prices of tur were flat in Akola, the benchmark market, as supply was enough to meet demand.
Soybean up in Indore on good demand, low arrivals
Soybean prices rose in Indore because of demand from crushers amid lower arrivals. Strong cues from soybean contracts on CBOT also helped domestic prices higher.
India crushes 800,000 tn mustard seed in March, double on month
Oil mills across the country have crushed 800,000 tn of mustard seed in March, more than double from last month.
Mustard seed prices down in Jaipur as arrivals rise.
Prices of mustard seed were down in Jaipur due to a rise in arrivals amid weak demand from stockists. However, a rise in demand for mustard meal from overseas buyers cushioned the fall in prices of the oilseed in the domestic market.
NCDEX mustard seed hits 3-mo low tailing spot mkt
The most active April contract of mustard seed on the NCDEX hit a three-month low of 3,897 rupees per 100 kg, tailing losses in the benchmark market of Jaipur in Rajasthan. Prices of mustard seed were down in Jaipur due to a rise in arrivals amid weak demand from stockists.