Latest Report on Wheat Daily | Wheat_Daily 20180803.pdf
Latest Report on Pulses Daily | Pulses_Daily 20180803.pdf
Latest Report on Pulses Daily | Pulses_Daily 20180803.pdf
Latest Report on Rice | Rice Daily 20180803.pdf
Latest Report on Rice | Rice Daily 20180803.pdf
India May Extend Deadline For Imposition Of Higher Tariffs On U.S. Imports.
The government may extend the deadline for imposition of higher customs duties on 29 products, imported from the U.S. by another 45 days. Among the 29 products are almonds, walnuts and pulses.The Central Board of Indirect Taxes and Customs is likely to issue an amended notification extending the date for the new levy on August 4. While the import duty on walnut was to be hiked to 120 percent from 30 percent earlier, duty on chickpeas, Bengal gram and masur dal was to be hiked to 70 percent from 30 percent. Levy on lentils was to be hiked to 40 percent from 30 percent.
Centre plans mega sale of pulses as stocks pile up.
The Centre is planning to provide 70 million households in selected districts with 2 kg of pulses monthly at a price that is about 50 percent cheaper than market prices. Under this mega sale, the Centre will provide pulses, especially arhar and gram (chana), to states at Rs 35 per kg compared to the average cost of procuring pulses of Rs 50 per kg (for Nafed). It could cost the Centre about Rs 8,000 crore for implementation of such a scheme. Currently, 5kg each of rice or wheat is provided under the National Food Security Act to 81 crore beneficiaries across the country.
Relief to MP pulses mills, exemption from mandi tax for pulses coming from other states.
In the state of Madhya Pradesh, the state government has given the relief of lentil mills to eliminate the mandi fee of 2.25 per cent on pulses coming from neighboring states. This relief will be given to pulses only, if the traders bring pulses from other states, they will have to pay the mandi tax.
CBOT Wheat rises on fears of curtailed Black Sea exports.
Wheat prices leapt to multiyear highs on fears of curtailed exports from the Black Sea after heat and drought damaged crops across Europe. Milling wheat in Paris settled up 2.7 per cent at €212.75 per tonne. In Chicago, soft winter wheat closed 0.4 per cent higher at $5.60½ a bushel.
Zim sets 400 000t winter wheat target.
Zimbabwes winter wheat output is expected to reach 400 000 metric tonnes up from 158 000 tonnes achieved in the past seasons due to an increase in hectarage under command agriculture and introduction of support initiatives.
Iraq buys 50,000 tonnes wheat from Australia in tender.
Iraq’s state grains board had purchased about 50,000 tonnes of Australian wheat in a tender which closed this week. It was believed to have been purchased at $335 a tonne CIF free out.
Egypt’s GASC buys 240,000 T Russian and Romanian wheat.
Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), had bought 240,000 tonnes of wheat in an international tender. 60,000 tonnes Russian from Aston at $235.50 FOB plus $16.46 shipping costs equating to $251.96 a tonne c&f. 60,000 tonnes Romanian from Ameropa at $238.22 FOB plus $15.34 shipping costs equating to $253.56 a tonne c&f. 60,000 tonnes Russian from GTCS at $238.00 FOB plus $16.46 shipping costs equating to $254.46 c&f. 60,000 tonnes Russian from Posco Daewoo at $238.25 FOB plus $15.00 shipping costs equating to $253.25 a tonne c&f. The tender had sought shipment between Sept. 11 and 20. The lowest price in the previous Egyptian tender on July 24 was $217.95 a tonne FOB for 60,000 tonnes of Russian wheat.
India Wheat slips on ample stocks.
Wheat prices slipped by Rs 15 per quintal at the wholesale grains market today on the back of adequate stocks position against reduced offtake by flour mills. However, other grains held steady in thin trade. Besides reduced offtake by flour mills, sufficient stocks position on increased arrivals from producing belts, led to decline in wheat prices. In the national capital, Wheat dara (for mills) fell by Rs 15 to Rs 1,985-1,990 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,990-2,000 per 90 kg.
India Farm exports clock 6% growth in Q1 to touch $4.68 billion.
Exports of pulses have picked up, with volumes exceeding over one lakh tonnes during the quarter, enjoying robust demand from countries such as Turkey, Algeria and UAE. Similarly, volumes in dairy products increased to 35,720 tonnes (23,703 tonnes).
Rain deficit in 16 districts of Punjab, Haryana.
According to India Meteorological Department, Chandigarh, the overall rain indicated good monsoon in both the states, but district-wise rainfall details revealed that in Punjab, seven out of 22 districts have received deficit rain. Sixteen of a total of 43 districts in Punjab and Haryana have received deficit rainfall, despite having overall normal rainfall in July. Ferozepur and Mansa in Punjab and Panchkula in Haryana are among the worst hit districts in this paddy season. Ferozepur and Mansa have sown rice on 3.12 lakh hectares, including 1.86 lakh hectares in Ferozepur. In Haryana, rice crop is grown in 12-13 lakh hectares. Here, nine districts received less rainfall with Panchkula being the worst hit with 53 per cent deficit at 203.2 mm rain against a normal of 432.6 mm till July 31.
Punjab to give Rs.395 Cr to farmers for subsidized paddy residue Management.
As part of the Chief Minister’s ambitious campaign to control stubble burning, the Punjab Agriculture department has embarked upon a massive programme to provide subsidy worth Rs.395 crore, in the current fiscal, for the purchase of 28,641 agro-machines/farm equipment to farmers for the management of paddy residue. Subsidy ranging from 50% to 80% is being provided to the farmers under the scheme. This is part of the Rs. 665 crore subsidy announced by the Captain Amarinder Singh government for 2018-19 and 2019-20. The remaining amount of Rs. 270 crore would be utilized during the next financial year. While around 12,000 machines are being subsidized at 50% for individual farmers, another 5280 agro-machines are being provided to 514 farmer groups and 16655 agro-machines to 3547 Primary Agriculture Cooperative Societies (PACS) at a subsidy of 80% to establish Farm Machinery Banks (FMBs) to be used as Custom Hiring Centres.