Ukraine wheat harvest, exports to fall on drought.
Ram Gopal Yadav (6 years ago)

UkrAgroConsult cut its forecast for Ukraine’s 2018/19 crop year wheat harvest and exports due to a severe drought across the country during spring and the first half of summer. The agriculture consultancy reduced its wheat harvest forecast by 3.1 percent to 24.7 million tonnes, and exports to 15.5 million tonnes from 16 million tonnes forecast in June.

Drought to force top wheat buyer Egypt to pay more.
Ram Gopal Yadav (6 years ago)

A drought that’s hit wheat crops across the Black Sea region and Europe will force top buyer Egypt to pay more for supplies. The cheapest offer tender was more than $14 a metric ton higher than what Egypt’s state run buyer paid in its last purchase. The General Authority for Supply Commodities is seeking wheat for Sept. 1-10 delivery. Benchmark futures traded in Chicago have surged almost 20 percent this year and Paris wheat for December is trading near a record for the contract. Dry weather means Russian production will fall for the first time in six years and output in Ukraine will be lower than expected. GTCS made the lowest offer at $234.26 a ton including freight for Russian wheat. Egypt paid an average $220.25 a ton for 175,000 tons of Russian wheat in the last tender on July 10. The second-lowest offer was from Daewoo at $235.66 a ton, also for Russian grain.

Kuwait may start purchasing Russian wheat.
Ram Gopal Yadav (6 years ago)

The relevant authorities of Russia and Kuwait held talks about the possibility of supplying Russian wheat to the State of Kuwait. Russia has just occasionally exported wheat to Kuwait by now: 9.8 KMT in July 2015/16. Russia supplies barley to the Kuwaiti market. Barley shipments totaled 157.9 KMT in July-May 2017/18.

Barley down in Jaipur on low demand from brewers.
Ram Gopal Yadav (6 years ago)

Prices of barley fell in Jaipur owing to sluggish demand from malt manufacturers as concern over quality of the domestic stock persisted. In the benchmark Jaipur market, barley was sold for 1,350 rupees per 100 kg, down 10 rupees. Talk that the grain will be imported from Argentina is also creating bearishness in the market. However, limited supply and improved demand from poultry feed sector cushioned the fall in prices.

Soybean acreage up 11% on yr at 9.4 mln ha.
Ram Gopal Yadav (6 years ago)

Soybean acreage across the country was 9.35 mln ha, up 11% from the year-ago period. Rains being bountiful in key growing regions of Madhya Pradesh, Maharashtra, Rajasthan, sowing of the oilseed has increased. In Madhya Pradesh, soybean acreage was 11% higher on year at 4.44 mln ha as planting gained pace because the ideal sowing period ends by the third week of July. Planting of the oilseed is expected to be higher from a year ago due to higher minimum support price and adequate rains in major growing areas.

Moong acreage down 1.8% YoY at 2.34 mln ha.
Ram Gopal Yadav (6 years ago)

Acreage under moong across the country was down 1.8% on year at 2.34 mln ha. However, week-on-week the area under the crop has jumped over 33%. This year, sowing of moong was delayed due to the pattern of monsoon rains in Rajasthan, the largest grower of the crop. In Rajasthan, area under moong is up 8.1% on year at 1.3 mln ha so far. Till Jul 11, moong acreage in the state was down over 25% on year.

Tur acreage down 10.2% on yr at 2.86 mln ha.
Ram Gopal Yadav (6 years ago)

Area under tur across the country was down 10.2% on year at 2.86 mln ha. Many farmers in Madhya Pradesh, one of the largest growers of tur, have shifted to paddy this year as rains have been good and due to attractive returns.

Sugarcane acreage up 1.6% on year, but unchanged on week.
Ram Gopal Yadav (6 years ago)

Sugarcane acreage in the country was at 5.05 mln ha, slightly higher than 4.97 mln ha a year ago, but unchanged from a week ago. In Uttar Pradesh, which has emerged as the largest sugar producer in the past two years, cane acreage was the highest at 2.31 mln ha, compared with 2.26 mln ha a year ago. In Maharashtra, another major grower, the area under sugarcane was 1.3% higher on year at 949,000 ha, the data showed. It was also unchanged from a week ago.

ICRA says cane fair price hike may affect margins of sugar mills.
Ram Gopal Yadav (6 years ago)

The Centres move to increase fair and remunerative price of sugarcane to 275 rupees per 100 kg for 2018-19 (Oct-Sep) is likely to raise the cost of sugar production and affect margins of mills. While the effective hike is just 2.5% higher on year, “this is likely to result in margin pressures for sugar mills as well as the increase in cane arrears. Cane fair price in 2018-19 will be linked to a basic recovery rate of 10%.

Sources say govt inspects sugar cos on sale quota, buffer compliance.
Ram Gopal Yadav (6 years ago)

The government has carried out physical inspection in some sugar mills in Uttar Pradesh and Maharashtra to ensure their compliance to the Centres orders of quota on domestic sale, floor price of the sweetener, and creation of a buffer stock. The government had last week sent inspection notices to mills in states, including Uttar Pradesh and Maharashtra to check that they are following orders. In Uttar Pradesh, inspection notices were sent to Modi Sugar Mills, Bajaj Hindusthan Sugar, Dhampur Sugar Mills, Mawana Sugars, DCM Shriram.

Punjab to pay 5,000 rupee/ha subsidy on maize farm input this kharif.
Ram Gopal Yadav (6 years ago)

In order to encourage farmers to grow maize instead of paddy and check the fall in ground water level, the Punjab government has announced a subsidy on farm inputs for the coarse grain in 2018-19 (Jul-Jun) kharif season. The state government has also announced a subsidy of 120 rupees per kg on purchase of maize seeds. The state government is promoting cultivation of maize in place of paddy under the crop diversification scheme. Groundwater level in 32% area of the state has fallen below 20 mtr from 2 mtr in 2000.