Preparation for paddy, maize procurement begins in State.
Ram Gopal Yadav (6 years ago)

Government of Chhattisgarh in Kharif season 2018 would commence its paddy and maize procurement at minimum support price through Primary Agriculture Credit Cooperative Committees from Foundation Day of State, November 1. Food and Civil Supplies officers intimated that in state under 1,333 primary committees 1998 procurement centres have been made and target of 75 lakh MT paddy is expected in current year. With increase in production of Maize the target has been kept as 40,000 tonnes is likely to be procured from farmers.

SEBI mulls lifting decade-old ban on tur, urad futures.
Ram Gopal Yadav (6 years ago)

The Securities and Exchange Board of India (SEBI) may soon allow futures trading in tur and urad dal as the regulator considers lifting a decade-old ban. Agri-commodities bourse NCDEX has also sought the regulator’s nod for relaunching futures trading in tur and urad. Trading in tur and urad was banned in 2007 after a spike in prices of these commodities Currently, these commodities have been trading below the minimum support price (MSP), which is a cause of concern for the government. If SEBI allows future trading in tur and urad, it may ease cartelisation in pulses. Large players will also show interest and derivative is a good tool for price discovery.

New urad crop arrivals start in Madhya Pradesh, prices may fall more.
Ram Gopal Yadav (6 years ago)

New crop of urad or black matpe has started arriving in some parts of Madhya Pradesh and Maharashtra, the two key producing states, over the last few days. However, the new crop is being sold at 2,800-3,000 rupees per 100 kg, compared with 3,500-3,700 rupees a year ago, as urad prices are already 46% below the minimum support price of 5,600 rupees per 100 kg fixed by the government for 2018-19 (Jul-Jun). Prices are down this year due to higher moisture content in the new crop. New crop arrivals have started on time this year in Madhya Pradesh, and about 50-60 bags (1 bag = 100 kg) are arriving daily in the market as against 100-120 bags last year. The new crop this year has moisture content of 15-16% compared with 12-13% last year, which has led to fall in domestic demand. In Maharashtra, another key market, arrivals of urad have started in Latur, and 2,500-3,000 bags (1 bag = 100 kg) are arriving daily in the market as against 5,000-6,000 bags last year. Arrivals of the pulse are lower as output is expected to fall due to erratic weather conditions in the key growing areas of the state. New crop is currently being sold in the range of 3,500-4,000 rupees per 100 kg, up 50-100 rupees from the year-ago period.

Rains improve conditions for winter grain sowing in russia, ukraine.
Ram Gopal Yadav (6 years ago)

Recent rains across Ukraine and Russia have improved conditions for 2018’s winter grain sowing and the prospects for the next year’s harvest. The situation is very favourable for sowing. Weather again gave us a bonus. Rains have fallen in all regions and there is nobody who can complain about the weather. Ukrainian farmers have sown 2.3 million hectares of winter grains as of Sept. 24, or 32 percent of the forecasted area of 7.2 million hectares. They sowed 2.5 million hectares at the same date a year earlier.

Taiwan tenders to buy 110,000 tonnes wheat of US-origin.
Ram Gopal Yadav (6 years ago)

The Taiwan Flour Millers’ Association has issued an international tender to purchase 110,000 tonnes of grade 1 milling wheat to be sourced from the United States. The tender deadline is Oct. 2. The wheat is sought in two consignments both of 55,000 tonnes for shipment from the US Pacific Northwest coast.

Serbia’s 2018 wheat output rises 29.3%.
Ram Gopal Yadav (6 years ago)

Serbia’s 2018 wheat output rose 29.3% on the year to 2.942 million tonnes. The harvested area increased to 648,083 hectares in 2018, from 557,702 ha last year. Maize production is seen at 6.965 million tonnes in 2018, up 73.3% over the previous year.

Kharif urad acreage 4 mln ha, down 9% on year.
Ram Gopal Yadav (6 years ago)

Farmers in the country have sown urad across 4.04 mln ha this kharif season, down 9% on year. Urad acreage this kharif season is already well above the five-year average of 3.14 mln ha for the corresponding period. In Madhya Pradesh, the largest grower of urad, acreage was down 7.7% on year at 1.65 mln ha as farmers shifted to paddy and soybean for lucrative returns. Harvesting of urad has begun in some parts of Madhya Pradesh and fresh arrivals are entering the market. Madhya Pradesh’s urad output in 2018-19 is estimated at 1.73 mln tn, down 1.1% from last year.