Moong acreage up 6% on year at 3.2 mln ha.
Ram Gopal Yadav (6 years ago)

Indias moong acreage was at 3.21 mln ha, up 6.1% on year, led by a rise in the area in Rajasthan and Karnataka. In Rajasthan, the largest grower, the area under the crop jumped 20.1% on year to 1.86 mln ha. Initial rainfall in the state has been good, which has boosted sowing. However, the state has recorded below-normal rainfall during Jun 1-Aug 12. The rise in overall acreage this year is also due to the government announcing a steep hike of 50% in the minimum support price for 2018-19. However, the acreage was down in some states as farmers have sown more paddy, cotton and soybean.

Urad acreage down 12% YoY at 3.5 mln ha.
Ram Gopal Yadav (6 years ago)

Farmers in the country have sown urad across 3.5 mln ha so far this kharif season down 12.0% from a year ago. In Madhya Pradesh, the largest grower of urad, the acreage was down 15.2% on year at 1.46 mln ha as farmers have shifted to paddy. This year, rainfall has been good and prices of paddy are attractive. There was loss of urad crop last year due to wilt disease, which also made farmers cautious about the crop this year.

Kharif tur area dn 0.2% on yr at 4.2 mln ha.
Ram Gopal Yadav (6 years ago)

Indias tur acreage was down 0.2% on year at 4.2 mln ha. Area in Maharashtra, the largest producer, fell by 4.4% to 1.2 mln ha due to erratic rainfall. In Madhya Pradesh, another major grower of pulses, tur area was down 1.6% at 625,000 ha. Farmers have shifted to soybean and paddy from pulses this year in Madhya Pradesh due to expectation of better returns from these crops. However, in Karnataka, the acreage has been higher due to good rainfall this year in the state. Area under tur in Karnataka was up 16.8% on year at 947,000 ha.

Moong drops below MSP even as arrivals begin in north Karnataka.
Ram Gopal Yadav (6 years ago)

As the new kharif moong (green gram) hits the markets in North Karnataka, prices of the pulses crop are trading lower at around 5,100 a quintal, much lower than the minimum support price of ?6,975 announced by the Centre. In fact, the prevailing prices in the State are also lower than last year’s support price of 5,575/quintal, growers said, while demanding that the government spell out the procurement strategy for the season and begin purchasing from the markets.

Jaipur barley up on bargain buying post 3-week low.
Ram Gopal Yadav (6 years ago)

Prices of barley rose in Jaipur due to bargain buying by poultry feed sector after prices hit a three-week low of 1,360 rupees per 100 kg. In Jaipur, the benchmark market, barley was sold at 1,400 rupees per 100 kg, up 40 rupees from previous close. Limited supplies in the market also lifted prices of the grain. However, the overall sentiment remains bearish as demand from malt industries, the key buyer of the commodity, was subdued following concerns over quality of the domestic stocks.

Thailand expected to export 11 million tons of rice this year.
Ram Gopal Yadav (6 years ago)

Thailand is expected to export an estimated 11 million tons of rice throughout this year. The 11-million-ton rice for export throughout this year projected by the Ministry of Commerces Department of Foreign Trade compared to some 9.5 million tons earlier forecast by the Thai Rice Exporters Association. Some 6.7 million tons of the Thai rice has already been exported so far this year.The Thai rice sales volumes have apparently increased due to rising demands in the world rice market, including Indonesia which has accounted for a 679 percent increase in the purchase orders of the Thai rice, Malaysia which has accounted for a 53 percent increase and the Philippines which has marked a 25 percent increase.

Thailand rice offered at $449.50 c&f lowest price in Iraq buying tender
Ram Gopal Yadav (6 years ago)

The lowest offer in the international tender from Iraq’s state grains buyer to purchase at least 30,000 tonnes of rice was $449.50 a tonne c&f free out for rice to be sourced from Thailand. The lowest offer was made for 40,000 tonnes. Another offer for Thai rice was made at $469.80 a tonne c&f free out. Most offers were made for rice from Uruguay, with the lowest price at $568.75 a tonne c&f free out. Lowest offer for US rice was $655 a tonne c&f free out.

India Non-basmati rice exports rise by 36% in 2017-18 fiscal
Ram Gopal Yadav (6 years ago)

Export of rice, specifically the non-basmati varieties, rose by 36% in the 2017-18 fiscal in comparison to the last financial year. The basmati and non-basmati rice exports figures in 2016-17 fiscal stood at 39.85 lakh metric tonne and 67.70 lakh metric tonne respectively. In 2017-2018, while the export volume was marginally more for basmati rice (40.56 lakh metric tonne), it saw a significant jump in the case of non-basmati rice (86.48 lakh metric tonne). India has been leading its rivals Thailand and Vietnam in rice exports for the past three years. This record export fetched India foreign currency worth Rs 50,000 crore. The share of basmati rice is Rs 26,000 crore, while Rs 24,000 crore has come from non basmati exports.

Kharif paddy area down 3% on year at 30.8 mln ha.
Ram Gopal Yadav (6 years ago)

The area under paddy crop across the country this kharif season was at 30.8 mln ha. The area under paddy was higher than the average 30.5 mln ha for the period. Though paddy sowing in the country was lower on year, the lag in acreage has reduced from over 4% a week ago to 3%. The fall in acreage can be attributed to lower sowing in top producers Uttar Pradesh, Assam, Bihar, Odisha, and Jharkhand due to weak monsoon rains. During Jun 1-Aug 12, the country received 503.2 mm rainfall, 11% below the normal weighted average of 562.3 mm.

RICE WASDE AUGUST OUTLOOK:
Ram Gopal Yadav (6 years ago)

Total U.S. rice supplies for 2018/19 are raised slightly from last month due to increased beginning stocks that were mostly offset by a smaller crop. Beginning stocks are raised 2.5 million cwt on a 3.5-million export reduction for the 2017/18 crop year that is partially offset by increased domestic and residual use. U.S. rice production is lowered 2.1 million cwt to 210.9 million on the first survey-based yield forecast of the 2018/19 season. Long-grain production is lowered 2.8 million cwt, while combined medium- and short-grain is raised 0.7 million cwt. The all rice yield forecast is lowered 76 pounds per acre from the previous forecast to 7,523. Exports for the 2018/19 crop year are lowered 4 million cwt to 98 million on a lack of price competitiveness relative to both Asian and South American exporters. Ending stocks are raised 1.4 million cwt to 43.6 million and the 2018/19 all rice season-average farm price is lowered $0.20 per cwt at the midpoint to a range of $11.40 to $12.40. Global supplies for 2018/19 are lowered fractionally on reduced production for Madagascar and Iraq. World trade is raised slightly, led by higher Pakistan exports and Iraq imports. Global exports remain record large. Global consumption and ending stocks are each lowered fractionally.

WHEAT WASDE AUGUST OUTLOOK:
Ram Gopal Yadav (6 years ago)

The outlook for 2018/19 U.S. wheat this month is lower supplies, greater use, and reduced stocks. Wheat production is lowered 4 million bushels to 1,877 million on a slight reduction in winter wheat and durum production as indicated by the NASS August Crop Production report. Projected food use is increased by 5 million bushels to 970 million based on the latest NASS Flour Milling Products report. This would be record food use, surpassing 2017/18, which was also revised higher. Projected wheat exports are raised 50 million bushels to 1,025 million on substantially lower exportable supplies for the EU and limited additional export capacity of several other major competitors. Projected 2018/19 ending stocks are reduced 50 million bushels to 935 million, down 15 percent from last year. The projected season-average farm price is up $0.10 per bushel at the midpoint with the range at $4.60 to $5.60. World 2018/19 wheat supplies are reduced this month by 7.1 million tons, primarily on lower EU production. Continued drought conditions in several northern European countries, most notably Germany, resulted in lower production, down 7.5 million tons to 137.5 million. This would be the lowest EU wheat production since 2012/13. Russia’s wheat production is increased 1.0 million tons to 68.0 million on continued favorable conditions for spring wheat. Projected global 2018/19 trade is lower, mainly on reduced EU exports, which are down 4.5 million tons to 23.0 million, the lowest in six years. Russia’s exports are increased 1.0 million tons to 35.0 million; Russia is projected to remain the leading world wheat exporter for the second consecutive year. Global imports are lowered for several countries with the largest reduction for Algeria. Projected 2018/19 world consumption is 5.1 million tons lower, primarily on reduced feed use in the EU and Russia. Global ending stocks are down 1.9 million tons to 259.0 million, down 5 percent from last year’s record.