Futures contracts of mustard seed fell 1.7% on the NCDEX due to expectation of a spike in crop arrivals. The most active April futures contract was down 1.7% at 4,167 rupees per 100 kg. Output in Uttar Pradesh and Madhya Pradesh is expected to be higher than estimated.
Soybean down in Indore on low demand from crushers
Soybean prices in Indore were down because of lower demand for the oilseed from crushers for production of its derivatives, particularly soymeal. The most active April futures on the NCDEX were down 2.4%. Rajfed announced to purchase mustard, chana, wheat at support price.
Jharkhand procures 1.47 lakh MT paddy in three months.
Jharkhand procures 1.47 lakh MT paddy in three months.
USDA ups global rice output estimate to record high of 486.3 MMT.
USDA ups global rice output estimate to record high of 486.3 MMT.
Andhra Pradesh paddy farmers face hurdles due to shortage of Paddy Procurement Centres.
Andhra Pradesh paddy farmers face hurdles due to shortage of Paddy Procurement Centres.
Federation of Tamil Nadu Rice Mill exempt rice from GST and market cess.
Federation of Tamil Nadu Rice Mill exempt rice from GST and market cess.
Brazil center-south sugarcane crush Is 1.78% down from last year.
Brazil center-south sugarcane crush Is 1.78% down from last year.
Copersucar sees Brazil cutting sugar output by 5 MMT.
Copersucar sees Brazil cutting sugar output by 5 MMT.
Sugar mills hit as excess production trips supply balance.
Sugar mills hit as excess production trips supply balance.
India sugar spot prices down on low bulk demand, selling pressure.
India sugar spot prices down on low bulk demand, selling pressure.
Challenges push Kenyan farmers from maize to cane, horticulture.
Challenges push Kenyan farmers from maize to cane, horticulture.
Brazil cuts 2017-18 corn crop estimate to 87.3 MMT.
Brazil cuts 2017-18 corn crop estimate to 87.3 MMT.
Maharashtra Ex-Food minister Deshmukh slams govt over maize distribution at MSP.
Maharashtra Ex-Food minister Deshmukh slams govt over maize distribution at MSP.
Bihar legislative council witnesses uproarious scenes over inferior maize seeds.
Bihar legislative council witnesses uproarious scenes over inferior maize seeds.
IBGE moves Brazil corn and soy crop estimate up on good weather.
IBGE moves Brazil corn and soy crop estimate up on good weather.
CBOT wheat down near 1% as USDA ups stock estimate.
CBOT wheat down near 1% as USDA ups stock estimate.
USDA sees India 2017-18 wheat use down 2 MMT on month.
USDA sees India 2017-18 wheat use down 2 MMT on month.
Iraq seeks wheat of U.S., Canadian or Australian origin.
Iraq seeks wheat of U.S., Canadian or Australian origin.
States roll out schemes even as Modi government pan-India plan to ensure MSP
At least five state governments are rolling out innovative schemes to help farmers realise remunerative returns, even as the Centre has started working on a plan to ensure that farmers get minimum support prices for their produce, whether or not the items are procured by the designated agencies.
Soybeans firm, rebound from two-week low on fears for Chinese demand
Soybean futures edged higher, rebounding from a more than two-week low touched earlier in the session, though gains were capped by fears of a potential fall in demand for North American supplies by China as a trade war escalates. The most active soybean futures on the Chicago Board Of Trade were up 0.1 percent to $10.40-1/2 a bushel.