Maharashtra Markfed to sell 27,584 tn tur.
Ram Gopal Yadav (6 years ago)

Maharashtra State Co-operative Marketing Federation has offered to sell 27,584 tn of tur through NCDEX e-Markets. The tur to be auctioned is stocked at godowns of Maharashtra State Warehousing Corp in Akola, Jalgaon, Parbhani and Buldhana.

India mustard crushing down 18% on year at 450,000 tn in July.
Ram Gopal Yadav (6 years ago)

Mustard oil mills across the country crushed 450,000 tn of the oilseed in July, down 18.2% from a year ago. Crushing was also down 30.8% from 650,000 tn in June. Crushing was lower because mustard arrivals started dwindling in key wholesale markets with start of the lean season.

India soybean area up 11% on yr at 11 mln ha.
Ram Gopal Yadav (6 years ago)

The area under soybean across the country was at around 11 mln ha. Sowing of the oilseed is underway in many states and in a week, the acreage may exceed the normal for the season–11.3 mln ha, based on the average for the past five years. Higher sowing in key growing areas of Madhya Pradesh, Maharashtra, and Rajasthan, the top growers, due to normal rains had pulled up the overall area under the crop in the country. In Madhya Pradesh, soybean acreage increased 13% on year to 5.3 mln ha, as planting gained pace due to attractive prices in spot markets.

USDA arm pegs Pakistan 2018-19 soybean imports at record 2.5 mln tn.
Ram Gopal Yadav (6 years ago)

The Foreign Agricultural Services of the US Department of Agriculture has projected Pakistans soybean imports at a record 2.5 mln tn in 2018-19 (Oct-Sep), compared with 2.0 mln tn produced last year. Soybean imports surged due to lower import duty on oilseed and increased duty on soymeal. Soymeal is made by crushing soybean and is used as a poultry feed. Improved demand for soymeal from poultry industry and rising consumption of protein-rich food also boosted demand for the oilseed from domestic crushing plants.

Karnataka issues recovery certificates against 15 sugar mills.
Ram Gopal Yadav (6 years ago)

The Karnataka government has issued recovery certificates against 15 sugar mills in the state for non-payment of cane dues to farmers. Going forward, the state government is likely to slap recovery certificates on more sugar mills. It may also seize stocks of factories, which do not pay cane dues. Some new notices will be issued in a day or two. As of Jul 18, mills across Karnataka owed 10.46 bln rupees to sugarcane farmers for the 2017-18 (Oct-Sep) season. Sugar mills have to make payments to farmers within 14 days of cane purchases, failing which the amount is counted as arrears. Karnataka is the third-largest producer of sugar in the country and is estimated to produce around 3.7 mln tn of the sweetener in the ongoing season.

Kharif maize area up 1.6% on yr at 7.3 mln ha.
Ram Gopal Yadav (6 years ago)

Indias maize acreage was 1.6% higher at 7.3 mln ha as of Thursday from the year-ago period. Acreage in the country was also 1.4% higher as compared with the normal area of 7.14 mln ha, which is based on the average of the past five years. Higher planting in Madhya Pradesh, Karnataka and Rajasthan has offset the decline in other key growing states of Maharashtra, Bihar and Telangana. Announcement of higher minimum support price for maize by the government in July also encouraged farmers to bring more area under the crop. The Centre hiked the minimum support price for maize to 1,700 rupees per 100 kg for kharif marketing year (Oct-Sep) from 1,425 rupees in the previous year. Acreage was still down in some states because of subdued monsoon rains. India received 457.3 mm of rainfall during Jun-Jul, 10% below the normal weighted average of 508.5 mm for the period.

USDA arm pegs 2018-19 Pakistan wheat output at 26.3 mln tn.
Ram Gopal Yadav (6 years ago)

Indias maize acreage was 1.6% higher at 7.3 mln ha as of Thursday from the year-ago period. Acreage in the country was also 1.4% higher as compared with the normal area of 7.14 mln ha, which is based on the average of the past five years. Higher planting in Madhya Pradesh, Karnataka and Rajasthan has offset the decline in other key growing states of Maharashtra, Bihar and Telangana. Announcement of higher minimum support price for maize by the government in July also encouraged farmers to bring more area under the crop. The Centre hiked the minimum support price for maize to 1,700 rupees per 100 kg for kharif marketing year (Oct-Sep) from 1,425 rupees in the previous year. Acreage was still down in some states because of subdued monsoon rains. India received 457.3 mm of rainfall during Jun-Jul, 10% below the normal weighted average of 508.5 mm for the period.