Tur dn in Kalaburagi as rains pick up, flat in Akola.
Ram Gopal Yadav (6 years ago)

Prices of tur in Kalaburagi, a key market, fell because a pick-up in rains in the key growing regions of Karnataka eased worries of lower yield in the state. In Kalaburagi, prices of tur were down 25 rupees at 3,750-3,925 rupees per 100 kg. Sale of the commodity by the government also contributed to the bearish sentiment. In Akola, the benchmark market for tur, prices of the commodity were unchanged at 3,800-3,850 rupees per 100 kg.

Chana prices up in Delhi on demand from dal millers.
Ram Gopal Yadav (6 years ago)

Chana prices in Delhi rose because of improved demand from dal millers. In Delhi, the benchmark market, chana was sold at 4,450 rupees per 100 kg, up 20-25 rupees. Arrivals of chana in Delhi were unchanged at 750 tn. Expectation of higher export demand from Bangladesh and Dubai are seen supporting prices. September contract of chana on NCDEX was up 48 rupees at 4,379 rupees per 100 kg.

Barley prices up in Jaipur on negligible supplies.
Ram Gopal Yadav (6 years ago)

Prices of barley rose in Jaipur due to negligible supplies of the grain in the market, and owing to improved demand from domestic stockists and poultry feed sectors. In the benchmark market of Jaipur, barley was sold at 1,440 rupees per 100 kg, up 30 rupees. Arrivals were estimated at 5-10 bags (1 bag = 85 kg), as compared to 200-300 bags. Arrivals have slumped as farmers have liquidated most of their stocks. Subdued demand from malt industries following concern over quality of the domestic stocks capped gains in prices.

79,180 hectares of agri-land damaged due to Vietnam flash floods
Ram Gopal Yadav (6 years ago)

The recent floods in Vietnam have impacted large areas of agricultural land and cost the agriculture sector around 127 billion kips. The exact areas of crop damage are yet to be accessed by the authorities concerned who are waiting for the water levels to recede. The floods struck almost about 79,180 hectares of wet season rice and expected to damage at least 23,400 hectares. The Khammuan province experienced the worst water levels with damage estimated to about 45 percent of the total 80,773 hectares of rice planted followed by Savannakhet province with a damage expectation of around 14 percent of the total 196,275 hectares and Champassak province with 9 percent of the total 106,563 hectares. Pests and landslides too contributed to the destruction of the paddy.

Turkey imposes up to 140% tax on rice from US
Ram Gopal Yadav (6 years ago)

Turkey took its boldest steps yet to try to ward off a financial crisis by making it harder for traders to bet against the battered lira and easing rules on restructuring troubled loans that have already topped $20 billion. Turkey imposing taxes of ranging from 50 to 140% on rice, alcohol and cars from the U.S.

India Rice central pool stock up from last month.
Ram Gopal Yadav (6 years ago)

India’s rice stocks in the central pool as on Aug- 1, 2018 stood at around 24.94 million tons up by 5.23% from23.70 million tons recorded during the corresponding period last year, according to data from the Food Corporation of India (FCI). India’s rice stocks in the central pool are up by 5.23% by from 23.25 million tons recorded on July-01, 2018. Highest stock could be seen in the state of Punjab (80.61 lakh tons) followed by Andhra Pradesh (19.58 lakh tons) and Haryana (17.16 lakh tons) and Uttar Pradesh (14.48 Lakh Tons). The higheststock recorded of 339.6lakh tons recordedin Feb-2018.

Haryana makes straw management system mandatory for harvesting paddy
Ram Gopal Yadav (6 years ago)

Haryana Pollution Control Board has made it mandatory for farmers in the state to attach ‘super straw management system’ with their combine harvesters while harvesting paddy. The attachment of the straw management system with the self-propelled combine harvesters in the state would contain the “cause of air pollution arising from the burning of paddy straws by the farmers in open field. Typically, farmers in Punjab and Haryana use only combine harvesters for kharif paddy, which leaves stubble over a foot high. Harvesting this stubble manually is labour-intensive and time-consuming, leading farmers to resort to burning the residue. Burning of stubble from the harvested crop leads to severe smog in parts of north India, especially Delhi

Ukraine exported a total of 959,960 tonnes of wheat in July
Ram Gopal Yadav (6 years ago)

Asian and Middle East countries were the leading buyers of Ukrainian wheat in July, the first month of the new 2018/19 season. Ukraine is among the world’s major wheat exporters and sold a total of 17.2 million tonnes of wheat abroad in the previous 2017/18 season. n July, Ukraine exported a total of 959,960 tonnes of wheat. The data showed that Ukraine exported 103,973 tonnes of wheat to Israel, the leading importer of Ukrainian wheat last month. It also exported 90,650 tonnes of wheat to Philippines, 74,957 tonnes to Egypt and 63,070 to Italy.

US Wheat harvest starts, yields could be record-setting
Ram Gopal Yadav (6 years ago)

The wheat harvest has started and it could be a record year for North Dakota farmers. Rain in June, the heat in July and warm weather recently are contributing to a great yield. It’s allowing farmers to get out into the fields and start harvesting the more than 7 million acres of wheat planted this spring.

Demand seen returning to Russian wheat at $225/mt
Ram Gopal Yadav (6 years ago)

Deep sea port Russian 12.5% protein wheat market participants expect buyers to return to the market at $225/mt as market prices fall in an attempt to tempt buyers back. Destination demand has slowed considerably in the last few weeks as buyers balked at surging costs, preferring to dip into their stockpiles. The softer fundamentals were also reflected by S&P Global Platts 12.5% protein wheat assessment. Prompt-loading was assessed at $228.25/mt, down $6 on the week but still clinging onto its 41-month high.