Govt approves moong procurement at MSP in Karnataka, Tamil Nadu.
Ram Gopal Yadav (6 years ago)

The government has approved the procurement of moong sown in 2018-19 (Jul-Jun) kharif season at minimum support price of 6,975 rupees per 100 kg from farmers in Karnataka and Tamil Nadu. The state governments have sought approval for procurement of green gram (moong) at minimum support price under the price support scheme. The Centre has approved the procurement of 23,000 tn of moong in Karnataka and around 5,000 tn in Tamil Nadu in this kharif marketing season beginning October when arrivals commence in full swing. Higher arrivals and hopes of a bumper crop this year are expected to further weigh on the prices. The move comes in the wake of high domestic supplies due to a bumper pulses, including moong, output in 2017-18 (Jul-Jun) and hopes of higher crop this year as well.

Syria bought about 200,000 tonnes wheat in tender.
Ram Gopal Yadav (6 years ago)

Syria’s state grain import agency bought about 200,000 tonnes of Russian wheat in an international tender which closed this week. The General Establishment for Cereal Processing and Trade (Hoboob) purchased the wheat at $224.50 per tonne c&f free out Syrian ports. The tender had sought wheat sourced from Russia, Romania or Bulgaria. Shipment is for between Oct. 15 and Dec. 15. The tender allows partial shipment but not less than 100,000 tonnes. Syria is planning to import around 1.5 million tonnes of mostly Russian wheat this year to fill a supply shortfall. Food Corp of India sold 231,600 tn of wheat in the 3rd tender of september of auctions under the open market sales scheme for 2018-19 (Apr-Mar). The state-run agency had offered 1.98 mln tn of the grain at the auction.

Egypt’s GASC buys 180,000 T and 295,000 T wheat shipments.
Ram Gopal Yadav (6 years ago)

Egypt’s state grains buyer GASC has bought 180,000 tonnes of wheat for shipment over Nov. 1-10 and a further 295,000 tonnes for shipment over Nov. 11-20. All of the wheat was Russian, apart from one 60,000 tonne cargo of Ukrainian wheat. For shipment Nov. 1-10 60,000 tonnes of Russian wheat from GTCS at $226 free on board (FOB) and $17.10 freight, equating to $243.10 cost and freight (C&F). 60,000 tonnes of Ukrainian wheat from Louis Dreyfus at $227.73 FOB and $16.87 freight, equating to $244.60 C&F.

Pace of Russia wheat harvest slows on delays in Siberia, Urals regions.
Ram Gopal Yadav (6 years ago)

The pace of the wheat harvest in Russia is lower year on year as of September 20 after harvesting in the eastern regions of Siberia and the Urals got off to a late start due to delayed sowing and poor weather. This is in contrast to a month ago when an earlier-than-usual start to harvesting in the south of Russia because of favorable weather meant the pace of harvesting was quicker year on year. But that situation reversed as the harvest moved into eastern Russia, and Siberia and the Urals in particular, mainly producing spring crops. Late sowing and low temperatures during the development stage and rains in September resulted in delays to the harvest. As of September 20 the country had harvested 35 million ha, or 78% of the seeded area, from 37.7 million ha harvested a year ago. Total grains production amounted to 93 million mt at an average yield of 2.65 mt/ha, down 0.44 mt/ha from a year ago.

Barley down in Jaipur on low demand post 2-month high.
Ram Gopal Yadav (6 years ago)

Prices of barley were down in Jaipur as demand from stockists was subdued after prices hit a two-month high of 1,610 rupees per 100 kg. In Jaipur, the benchmark market, the coarse grain was sold for 1,590 rupees per 100 kg, down 20 rupees. Concerns over quality of the stock restricted demand from the malt industry, which further weighed on prices. However, negligible supplies in the market and demand from the poultry feed sector cushioned the fall in prices.

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

Prices of chana rose in Delhi because of improved demand from dal millers. In Delhi, the benchmark market for the commodity, chana was sold at 4,250 rupees per 100 kg, up by 25-50 rupees. Restricted sales of the government’s procured inventory also supported prices. In Bikaner, a key market, prices were steady at 4,015 rupees per 100 kg.

Farm min source says ’18-19 kharif rice output seen at 99-100 mln tn.
Ram Gopal Yadav (6 years ago)

India is likely to produce a record 99-100 mln tn of rice in the 2018-19 (Jul-Jun) kharif season, up from 97.5 mln tn the previous year despite patchy rains. The government is likely to soon release its first advance kharif crop output estimates for 2018-19. Area under the crop has risen this year and weather is largely favourable. It is expected to boost the yield of the crop. Farmers across the country had sown paddy over 38.6 mln ha, up 2.4% from a year ago. While leading producer Uttar Pradesh saw a marginal fall in acreage from the previous year, key growers Punjab, West Bengal, Odisha, Madhya Pradesh, Chhattisgarh, Maharashtra, and Haryana saw an increase.

DEC 18 Corn closed at $3.60 1/2, up 3 1/4 cents
Ram Gopal Yadav (6 years ago)

Corn futures saw 2 to 3 1/4 cent gains in most front months. Export Inspections report from the USDA showed 1.263 MMT in corn shipments during the week of September 20. That was up 21.95% from the week prior and 61.97% larger than the same time last year. 72% of the US corn crop was mature as of 9/23 (avg. 53%), with harvest listed as 16% complete (avg. 11%).