Pakistan’s rice export hits 2-bln-USD mark.
Ram Gopal Yadav (7 years ago)

Pakistan has exported rice worth around 2 billion U.S. dollars during the last fiscal year (FY), June 2017-July 2018. The country’s rice export hit the 2-billion-U.S.-dollar mark for the first time since the FY2014-15 as it achieved the target of 4 million tonnes of the crop yield this year. Average per-tonne export price of rice in the last fiscal year also rose to around 1,040 U.S. dollars, from below 950 U.S. dollars in fiscal year 2016-17. Rise in international prices of rice coupled with a higher demand of Pakistani rice and local rice exporters investment on processing and packaging of rice also contributed to the achievement.

Indian government is planning a price support scheme for paddy that it can’t afford.
Ram Gopal Yadav (7 years ago)

The government is reportedly set to announce an increase of ?200 per quintal in the minimum support price (MSP) for paddy. This is the single highest increase in the MSP for paddy in a given year in India, besting the ?155 hike by the Congress in 2008-09. It is about to announce an increase of ?200 per quintal in the minimum support price (MSP) for paddy, bringing the overall MSP to 1,750.

CBOT Wheat rises 1 pct after deep losses.
Ram Gopal Yadav (7 years ago)

Chicago wheat futures rose 1 percent as investors looked for bargains following deep losses in the previous session, although a lack of demand for U.S. shipments is expected to keep a lid on the market. The Chicago Board of Trade most-active wheat contract had risen 1 percent to $4.85-1/4 a bushel. There is limited downside risk to wheat prices when you look at the supply situation. But the focus seems to be demand, U.S. exports are not doing very well.

Coriander a tad up in Kota on improved local demand.
Ram Gopal Yadav (7 years ago)

Prices of coriander rose marginally in Kota, Rajasthan, despite higher arrivals, due to improved demand from processors. Processors have stepped up their purchases as coriander prices have fallen around 1,000 rupees per 100 kg since January, when fresh arrivals had started, due to higher carry-over stocks. In Kota, the benchmark market, badami variety was sold at 5,000 rupees per 100 kg and prices of eagle variety were at 5,250 rupees per 100 kg, both up 50-70 rupees. Arrivals of the spice in Rajasthan were pegged at 12,000 bags (1 bag = 40 kg), up 1,500 bags from previous day.