Onion quoted tad lower in Delhi on rise in arrivals
Ram Gopal Yadav (6 years ago)

Prices of onion in the key markets of Delhi were slightly down due to an increase in arrivals. At Azadpur, the benchmark market in Delhi, onion was quoted at 550-600 rupees per 100 kg, down 10-20 rupees. Arrivals were pegged at 100 trucks, each carrying 15-20 tn of the vegetable. The key markets of Lasalgaon and Pimpalgaon in Maharashtra remained closed on account of Janmashtami.

Potato prices, arrivals flat in Delhi; Mumbai closed
Ram Gopal Yadav (6 years ago)

In Delhi, the benchmark market for potato, prices and arrivals remained unchanged. At Azadpur market in Delhi, prices were unchanged at 1,000-1,400 rupees per 100 kg, and arrivals were steady at 115 trucks, each carrying 15-20 tn of the vegetable. At Mumbai’s Vashi market, prices and arrivals were unavailable as the market was shut on account of Janmashtami.

NCDEX chana up as govt restricts peas imports
Ram Gopal Yadav (6 years ago)

Futures contracts of chana erased earlier losses and rose slightly on NCDEX as the government restricted import of peas. September contract chana on NCDEX was up 9 rupees at 3,900 rupees per 100 kg. Peas are largely used as substitute for chana. The chana contract had hit a seven-week low of 3,754 rupees. The government had lifted the 100,000-tn import cap on peas that was in place till Sep 30, following the order of Madras High Court. Chana prices in Delhi were up 50 rupees at 4,225 rupees per 100 kg, Vikas Gupta, local pulses trader said adding that if NAFED sells chana below 4,000 rupees it will create selling pressure.

Madhya Pradesh to sell 18,000 tn poor quality pulses
Ram Gopal Yadav (6 years ago)

The Madhya Pradesh government will sell 18,000 tn poor and non-fair average quality of chana, masur, and mustard procured in May-Jun. The government is selling the commodity to pay farmers the minimum support price in full. The government was unable to pay the farmers as agencies procured some of the commodities which were of non-fair average quality and were also damaged. The government has, therefore, ordered to auction these pulses and oilseeds and release the pending dues to the farmers latest by Aug 27 into their bank accounts. The total quantity of chana, masur, and mustard procured by the government in 2018-19 is 1.97 mln tn.

Ukraine’s maize crop to top 30 mln t on record yield.
Ram Gopal Yadav (6 years ago)

Ukraine’s maize production will jump this year to just over 30 million tonnes, supported by record yields after crops benefitted from good growing weather. kraine, one of the world’s largest grain growers and exporters, is expected to produce 30.28 million tonnes of maize (corn) this year, up 23 percent from 24.67 million in 2017 and 12 percent above the average of the past five years. The bumper volume would reflect a projected record yield of 6.69 tonnes per hectare, up from 5.51 tonnes per hectare last year.

Kharif maize area unch on yr at 7.7 mln ha.
Ram Gopal Yadav (6 years ago)

Maize acreage in India was unchanged on year at 7.7 mln ha. The Centre has hiked minimum support price for maize to 1,700 rupees per 100 kg for kharif marketing year starting October from 1,425 rupees in the previous year, which encouraged farmers to sow more in the key producing states of Madhya Pradesh, Karnataka, Rajasthan and Gujarat. However, in some states, the acreage was down because of patchy distribution of rains. During Jun 1-Sep 2, the country received 683.2 mm rains, 6% below the normal weighted average of 728.3 mm.

Russian wheat exports up 60% at 8.2 mil mt in marketing year
Ram Gopal Yadav (6 years ago)

Russian wheat exports between the start of the season on July 1and August 29 were 8.17 million mt, up 60% on the year. Higher-than-usual temperatures and dry weather over May-June resulted in an earlier-than-usual harvest and exports. Meanwhile, this weather also hit production. Rain during the harvest, especially in central regions reduced the quality. Russian wheat production for this marketing year is expected to be about 68 million-70 million mt, down from a record high of 85 million mt last marketing year. Wheat production is also expected to be lower in other producing regions, notably the EU, Canada and Australia, supporting wheat prices and incentivizing producers to take advantage by exporting. Deep sea port 12.5% protein wheat prompt loading was assessed at $225/mt Friday compared with $180.50/mt a year earlier, but $1.75 lower on the week and off the 42-month high of $234.50/mt hit on August 8.

EU slashes 2018 wheat export estimate by 5.5 million tonnes.
Ram Gopal Yadav (6 years ago)

The European Commission slashed its monthly forecast of common wheat exports from the European Union in the 2018/2019 season, due partly to a cut in its output estimate, in a further sign of tight world wheat supplies. In supply and demand forecasts released, the Commission pegged EU common wheat exports this season at 20.0 million tonnes, down from 25.5 million estimated in July and now below the 21.3 million shipped last season. The Commission cut its estimate of EU common wheat output to 128.8 million tonnes from the 133.5 million estimated in July and 142.0 million harvested last year. European wheat crops have suffered from hot and dry weather this season, particularly in the northern part of the bloc, with Germany losing nearly 20 percent of its crop.

EU wheat rises on tight supply concerns.
Ram Gopal Yadav (6 years ago)

European wheat rose on concerns about availability on the world market with lower than expected supplies in the European Union and Canada and uncertainty on export policies in the Black Sea region. Benchmark December milling wheat on Paris-based Euronext, settled up 1.9 percent at 205.50 euros a tonne. European wheat gained 2.75 euros this week and 1.25 euros over the whole month of August which was marked by volatility with prices moving in a 198.00 to 219.25 euro a tonne range. The low euro against the dollar which remains below the $1.17 resistance is also supportive for European wheat, making it more competitive on the world markets.