Sugar production in state at all-time high, but price crash a major worr
Ram Gopal Yadav (7 years ago)

This year, Maharashtra has broken a record and touched the highest sugar production in its history at 105.58 lakh tonnes. By the end of the season in May, sugar output in the state is set to hit 107-108 lakh tonnes. The previous record was in 2014-15 at 105.14 lakh tonnes. But the glut is worrying for sugar factories and cane farmers. Sugar prices have crashed by Rs1,000 per quintal from Rs3,600 to Rs2,600. This is making it hard for factories to pay cane farmers the price set by the Centre at Rs2,550 per tonne. Pending dues to the state’s cane farmers are at Rs2,277 crore.

Haryana seals borders as wheat prices crash in neighbouring states
Ram Gopal Yadav (7 years ago)

With huge quantities of wheat from Delhi, Uttar Pradesh and Rajasthan finding its way into Haryana owing to crashing of prices there. The state government ordered sealing of its porous borders with these states. The Palwal grain market, that has proximity to these three states, has been closed for further procurement after it was discovered that 3.73 lakh metric tonne of wheat has already been procured against 2.98 lakh MT purchased during the entire season last year. Some traders in grain markets of Delhi, UP and Rajasthan, where the prices of wheat have dipped Rs 150 to Rs 200 below the MSP, have been making an easy buck by selling wheat purchased from there in our mandis.

South Africa’s 2018 maize output seen up 3 pct on previous estimate
Ram Gopal Yadav (7 years ago)

South Africa is expected to harvest three percent more maize in 2018 than previously estimated after late rains in the western part of the maize belt boosted yields. The government’s Crop Estimates Committee (CEC), which will provide its third production forecast for the 2018 crop on Wednesday, is seen pegging the harvest at 12.75 million tonnes, up from the 12.42 million tonnes it forecast in March. Late rains, particularly in western growing areas, have helped yields after an unexpected onset of dry conditions in the key maize-growing provinces of North West and the Free State in January had raised concerns for farmers.

Soybean prices tad up in Akola, unchanged in Indore
Ram Gopal Yadav (7 years ago)

Soybean prices were slightly up in Akola due to bargain buying by oilseed crushers. The most active soybean contracts were slightly up tracking gains in the spot. However sharp gains were capped because of weakness in the soybean contracts on CBOT.

Mustard seed at 2-wk high in Jaipur as supply falls
Ram Gopal Yadav (7 years ago)

Prices of mustard seed hit a two-week high in Jaipur, Rajasthan, due to a fall in arrivals along with improved demand from stockists. Improved demand for mustard meal from domestic and overseas buyers also supported prices of the oilseed.