Japan to import 64,525 tonnes feed wheat and barley via tender.
Ram Gopal Yadav (6 years ago)

Japan will import 18,465 tonnes of feed-quality wheat, and 46,060 tonnes of barley for livestock use, via a simultaneous buy and sell (SBS) auction. The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by Nov. 30 and arrive in Japan by Jan. 31, 2019 in the tender that is usually conducted weekly. It is seeking the same amounts for each grain to be loaded and shipped during the same period in a similar tender that will be held on Aug, 08.

Russian deep sea wheat soars to $228.25/mt, a 41-month high, despite weak demand.
Ram Gopal Yadav (6 years ago)

Russian FOB deep sea port 12.5% protein wheat surged to a 41-month high at $228.25/mt as assessed by S&P Global Platts Tuesday despite demand faltering from regular Russian wheat importers. Russian wheat has now risen by $11.75 on the week as farmers continue to sit on higher quality protein wheat on an expected shortage due to months of drought and hot weather. However, demand from big buyers has been absent, due to the higher prices, leaving some in the market to question how long the firm rally can continue.

Wheat futures slip 0.55% on firm supply.
Ram Gopal Yadav (6 years ago)

Wheat prices slipped by 0.55 per cent to Rs 1,980 per quintal in futures trade as speculators cut down holdings, triggered by higher supplies in the spot market against low demand. Wheat for delivery in September fell by Rs 11, or 0.55 per cent, to Rs 1,980 per quintal.

July monsoon less than normal but late surge in UP, Bihar may improve paddy sowing.
Ram Gopal Yadav (6 years ago)

The monsoon fell below expectations in July, which ended with a countrywide rain shortfall of 6%, but late showers in the paddy belts of Uttar Pradesh, Bihar, Jharkhand and West Bengal have improved the overall rainfall distribution. With the monsoon becoming inactive in central and south India, the all-India rainfall deficit grew in the past six days (July 25) from 2% to 6%. However, during the same period, the rain shortfall reduced sharply from 42% to 19% in UP, 46% to 23% in Bihar and 35% to 24% in Jharkhand. Large rain deficits in these states, and West Bengal, have been the main reason for sluggish kharif sowing this year.According to the latest figures released last Friday, paddy sowing was nearly 12% less than the normal for the corresponding period. This was mainly on account of depressed sowing in these four states, where the area under paddy was nearly 27 lakh hectares below the normal for the same period.

Source says NAFED to start selling mustard in Rajasthan.
Ram Gopal Yadav (6 years ago)

The National Agricultural Cooperative Marketing Federation of India will start selling mustard seed in Rajasthan on Friday, a source close to the development said. The federation had procured the oilseed under the price support scheme in 2017-18 (Jul-Jun). NAFED had procured 873,004.90 tn of the commodity across the country in the rabi season, while its procurement in Rajasthan was at 471,614.16 tn as of Jun 25. With prices of mustard seed 300-400 rupees above the minimum support price of 4,000 rupees per 100 kg in the domestic market, it is beneficial for government agencies to release their stocks.

India soybean to rise on CBOT cues.
Ram Gopal Yadav (6 years ago)

Soybean hit a one-and-half-month high on hopes that the US and China would restart stalled talks to end the trade war between the world’s two largest economies. In India, rising demand from soymeal exporters may also boost soybean prices. However, contracts of refined soyoil on the NCDEX and crude palm oil on the Multi Commodity Exchange are likely to trade lower due to lukewarm demand and adequate stocks in physical markets.