Madhya Pradesh may receive rains and thunder showers with “light hailstorm” over the next two days. Rains are likely over Bhopal, Dewas, Guna, Indore, Jabalpur, Jhabua, Katni, Mandsaur, Narsimhapur, Neemuch, Panna, Raisen, Rajgarh, Ratlam, Sagar, Sehore, Shahdol, Shajapur, Ujjain, Umaria and Vidisha districts of Indore in the next 48 hours. Madhya Pradesh is one of the largest wheat producing states in India and rains and hailstorm at this time may damage the mature crop.
Delhi chana up on improved demand from dal millers
Prices of chana rose in Delhi due to improved demand from dal millers and domestic stockists. In Bikaner, chana was quoted at 3,850 rupees per 100 kg, unchanged. The rise in prices was also because the central government has raised the import duty on chana for the third time so far in 2017-18 (Apr-Mar) to 60% from 40%. The most active March futures on the NCDEX were up 32 rupees.
Coriander down on NCDEX as supply seen rising
Futures contracts of coriander on NCDEX fell due to expectations of a rise in supply in markets in the coming days. The most active April contract was at 5,440 rupees per 100 kg, down 0.2% from the previous settlement. Arrivals are seen rising as harvesting of the new crop is underway in full swing in top producers Rajasthan and Gujarat. Export buying activities in the current season is expected to stay steady to lower while import into India is likely to be unchanged mainly from Russia and Ukraine due to uncompetitive prices.
Lower arrivals lift prices of coriander in Kota
Prices of coriander rose in Kota due to lower arrivals in Rajasthan amid a decline in production in 2017-18 (Oct-Sep).
Jaipur barley at 2-week low on concerns over quality
Prices of barley in Jaipur fell by 10 rupees to a two-week low of 1,390 rupees per 100 kg. Demand from the malt industry and stockists is subdued due to concerns over quality of the domestic stock.
Analyst ups Ukraine 2018 wheat, barley crop, export forecast
Analyst Ukr Agro Consult raised its forecast for Ukraine’s 2018 wheat crop by 4.8 percent to 26.3 million tonnes mostly due to a larger harvested area. The consultancy said in a statement the higher output would allow the country to export 17 million tonnes of wheat in the 2018/19 crop season. This year, Ukraine is likely to harvest 6.4 million hectares of wheat with the average yield of 4.11 tonnes per hectare.
Karnataka Oct-Feb sugar output 3.34 mln tn, up 63% on year
Karnataka Oct-Feb sugar output 3.34 mln tn, up 63% on year
Oct-Feb sugar output 23.05 mln tn, up 41.7% on year
Oct-Feb sugar output 23.05 mln tn, up 41.7% on year
Spot sugar price down on weak demand from bulk buyers
Spot sugar price down on weak demand from bulk buyers
Rice importation still needed, says Philippine Rice Research Institute.
Rice importation still needed, says Philippine Rice Research Institute.
Myanmar govt to help in upgrade of rice quality as exports hit high.
Myanmar govt to help in upgrade of rice quality as exports hit high.
Ethiopia retenders for 400,000 tonnes of milling wheat.
Ethiopia retenders for 400,000 tonnes of milling wheat.
Wheat reserves in Ukraine amount to 7 MT.
Wheat reserves in Ukraine amount to 7 MT.
China to hold nearly half of global wheat stocks by 2022/23: ABARES
China to hold nearly half of global wheat stocks by 2022/23: ABARES
Iran, Kazakhstan and Russia ink wheat trade deal.
Iran, Kazakhstan and Russia ink wheat trade deal.
Input cost for a quintal of wheat Rs 594 higher than MSP, RTI plea reveals.
Input cost for a quintal of wheat Rs 594 higher than MSP, RTI plea reveals.
US ethanol sector’s corn consumption drops 2.4% on month.
US ethanol sector’s corn consumption drops 2.4% on month.
Investors continue to increase bullish position in US corn futures.
Investors continue to increase bullish position in US corn futures.
Brazilian forecast corn production down.
Brazilian forecast corn production down.
Turkey’s TMO seeks 149,000 MT of corn for March-April delivery.
Turkey’s TMO seeks 149,000 MT of corn for March-April delivery.