Potato prices fall on higher arrivals in Mumbai.
Ram Gopal Yadav (6 years ago)

Prices of potato fell in Mumbai due to increase in arrivals. At Vashi market in Navi Mumbai, arrivals of potato were 110 trucks, each truck carrying 15-20 tn. Arrivals increased as the week-long transporters’ strike has ended. Potato was sold in the range of 1,200-1,600 rupees per 100 kg. In Delhi, potato prices were more or less stable in the range of 1,200-1,400 rupees per 100 kg even as arrivals rose to 131 trucks from 110 trucks on Friday. Prices of potato are likely to soften as supply of the new crop starts rising in the coming months.

Onion prices tad down in Lasalgaon, supply falls.
Ram Gopal Yadav (6 years ago)

Prices of onion in Lasalgaon, Maharashtra, were a shade lower as supply was largely sufficient to meet demand despite a fall in arrivals. In Lasalgaon, 900-1,000 trolleys of 1.5-2.0 tn onion each, came to the market, down from 1,600-1,700 trolleys. Arrivals were higher as the market was closed the previous three days on account of truckers strike and weekend. Onion was auctioned in a range of 900-1,200 rupees per 100 kg, compared with 1,000-1,200 rupees.

Soybean price up in Indore on low supply, CBOT cues.
Ram Gopal Yadav (6 years ago)

Prices of soybean rose in Indore as arrivals declined and benchmark contracts on CBOT gained. In benchmark Indore market, prices of soybean rose by 25 rupees to 3,475-3,525 rupees per 100 kg. Arrivals of soybean in Madhya Pradesh fell to 30,000-35,000 bags (1 bag=100 kg) from 50,000 bags. Most markets in Madhya Pradesh were closed since Friday, last day of truckers’ strike, and the bandh called by traders to oppose electronic billing and procurement. On NCDEX, the October contract rose 1% to 3,394 rupees per 100 kg, tracking gains in the spot market.

Moong acreage up 3.7% on year at 2.75 mln ha.
Ram Gopal Yadav (6 years ago)

The area under moong across the country was at 2.745 mln ha as of Wednesday, up 3.7% on year. In Rajasthan, the largest grower of moong, the area under the crop jumped 20.7% on year to 1.586 mln ha. Rainfall in the state has been good so far, with the state recording 16% above normal rainfall during Jun 1-Jul 30. The rise in moong acreage this year is due to the government announcing a steep hike of 50% in the minimum support price for 2018-19.

India tur acreage dn 4.4% on yr at 3.5 mln ha
Ram Gopal Yadav (6 years ago)

India’s tur acreage was down 4.4% on year at 3.5 mln ha as of Wednesday. Area in Maharashtra, the largest producer, has been lower at 1.05 mln ha due to erratic rainfall. However, in Karnataka, the acreage has been higher as farmers are assured of getting the minimum support price. Area under tur in Karnataka as of Wednesday was up 9.5% on year at 806,000 ha.

Urad acreage down 16% YoY at 2.95 mln ha.
Ram Gopal Yadav (6 years ago)

Farmers in the country sowed kharif urad across 2.95 mln ha as of Wednesday, down 16.1% on year. In Madhya Pradesh, the largest grower, area under urad was down 12.0% on year at 1.43 mln ha as farmers shifted to paddy.

Chana cost up in Delhi on millers demand, low supply.
Ram Gopal Yadav (6 years ago)

Chana prices rose in Delhi because of demand from dal millers along with lower supplies. In Delhi, the benchmark market for chana, prices were up at 4,500 rupees per 100 kg, up 50 rupees. Arrivals of chana in Delhi were down at 225-300 tn as against 450-525 tn. Demand is likely to improve in the coming weeks due to upcoming festivals. Chana August contract on NCDEX was up 1.3% at 4,226 rupees per 100 kg, tracking gains in the spot market.

NCDEX barley down tailing Jaipur spot market.
Ram Gopal Yadav (6 years ago)

Futures contracts of barley were down on NCDEX, tailing weakness in the benchmark spot market of Jaipur. On NCDEX, the most-active August contract was at 1,608 rupees per 100 kg, down 0.16%. Prices of barley fell in Jaipur due to sluggish demand from stockists after prices hit a three-week high of 1,400 rupees per 100 kg.

Jaipur barley down as rise in prices hit demand.
Ram Gopal Yadav (6 years ago)

Prices of barley were down in Jaipur due to sluggish demand from stockists after prices hit a three-week high of 1,400 rupees per 100 kg. In the benchmark market of Jaipur, barley was sold for 1,380 rupees per 100 kg, down 20 rupees. Subdued demand from malt industries and talks of imports of the grain from Argentina following concerns over quality of the domestic stocks also weighed on prices. However, limited supplies and demand from poultry feed sector, cushioned the fall in prices. Arrivals were unchanged from Monday at 800-1,000 bags (1 bag = 85 kg).

Kharif paddy area down 12% YoY at 19.8 mln ha.
Ram Gopal Yadav (6 years ago)

Farmers across the country have sown paddy across 19.76 mln ha this kharif season as of Thursday, down 12.4% on year. The area under paddy was also below the average area of 22.40 mln ha for the period. The fall in acreage can be attributed to lower sowing in top growing states of Uttar Pradesh, West Bengal, Odisha, Bihar, and Jharkhand. Weak monsoon rains in West Bengal, Bihar, Jharkhand, and eastern parts of Uttar Pradesh slowed the process of sowing. Eastern Uttar Pradesh had received 298.1 mm rainfall during Jun 1-Jul 30, 25% below normal. Overall monsoon rains in eastern and northeastern India during Jun 1-Jul 30 was 555.4 mm, 28% below normal.