Corn momentum slows, wheat and soy on target in US grains inspections.
US weekly corn inspected for export total falls 28% on week, 35% on year.
US weekly corn inspected for export total falls 28% on week, 35% on year.
Madhya Pradesh extends rabi registration for pricedeficit scheme
The Madhya Pradesh government has extended the deadline for farmers to register for rabi crops under its pricedeficit scheme by 12 days to Mar 24. The earlier deadline for farmers to register for the scheme ‘Bhavantar Bhugtan Yojana’ was Mar 12. For 201718 rabi season, the state has included key crops like chana, masur and mustard seed and onion in the scheme.
NAFED procures 402,049 tn of tur at MSP across four states
The National Agricultural Cooperative Marketing Federation of India procured 402,049 tn tur across Karnataka, Maharashtra, Telangana, and Andhra Pradesh as of Sunday. The federation began procuring the commodity as market prices had plunged below the minimum support price of 5,450 rupees per 100 kg due to higher arrivals of the fresh crop and subdued buying by dal millers. The agency procured 256,754 tn of tur in Karnataka, 75,300 tn in Telangana, 62,741 tn in Maharashtra, and 7,254 tn in Andhra Pradesh. So far, the agency has bought tur from 317,231 farmers across these states, through about 750 centres.
Tur prices steady in Akola; Kalaburagi mkt closed
Prices of tur were steady in Akola as supply of the pulse in spot markets was sufficient to meet the limited demand. Prices of tur at Kalabuargi were unavailable as markets were shut on account of local festivitie.
Rise in import weighs on barley prices in Jaipur
Prices of barley fell in Jaipur, Rajasthan, as imports of the grain rose following concerns over quality of domestic stocks. Lacklustre demand from the malt industry also weighed on barley prices.
India soybean ends 1% higher on demand in spot mkts
Futures of soybean and refined soyoil traded over 1% higher on the National Commodity and Derivatives Exchange because of rise in demand in wholesale markets. Expectation of a hike in import duty on soyoil, in line with palm oil, also boosted the sentiment on the Indian exchange.
Mustard seed up in Jaipur on higher arrivals
Prices of mustard seed fell in the benchmark market of Jaipur, Rajasthan due to a rise in arrivals. Weak demand from domestic oil millers and crushers also weighed on prices.
France sells 94% of EU’s wheat, EU down 20% YOY.
France sells 94% of EU’s wheat, EU down 20% YOY.
French wheat condition extends 4-year low.
French wheat condition extends 4-year low.
Wheat firms as adverse U.S. weather supports.
Wheat firms as adverse U.S. weather supports.
Fall armyworm infests 150 000 hectares of maize in Zimbabwe.
Fall armyworm infests 150 000 hectares of maize in Zimbabwe.
Maize imports from Uganda up 78% in Jan on high prices.
Maize imports from Uganda up 78% in Jan on high prices.
UK industrial corn consumption at 5-year high.
UK industrial corn consumption at 5-year high.
Coriander prices down in Kota as arrivals seen up
Prices of coriander fell in Kota, Rajasthan in anticipation of rise in arrivals this week. Firm demand for well-dried coriander, however, restricted a major fall in prices.
South Asia’s 2017/18 vegoil imports to hit record high on strong demand
South Asia’s edible oil imports are set to climb to an all-time high this year as lower production in the region coincides with rising consumption to drive buying of mainly palm and soybean oils from elsewhere. India seen importing 15.5 mln T of edible oil in 2017/18. Rising demand, lower oilseed output to drive India imports. Pakistan expected to buy 3.2 mln T of edible oil in 2018.
Malaysia CPO dn; India hikes import duty on palm oil
Futures contracts of crude palm oil were down as India has raised import duty on palm oil. The most active May contract of crude palm oil on the Malaysian bourse was at 2,456 ringgits (40,973 rupees) per tn, down 18 ringgits from the previous close.
SEA sees 2017-18 mustard output down 3.8%
India’s mustard output in 2017-18 (Jul-Jun) is estimated to decline 3.8% on year to 6.33 mln tn. The mustard output figure does not include toria and taramira varieties. The production of the two varieties is estimated at 150,000 tn. Likely lower output in Rajasthan is seen pulling down overall mustard production. Farmers shifting to lucrative crops such as chana and wheat led to a drop in the acreage, resulting in lower output. India’s carryover stock of mustard seed at the end of February is seen at 0.4-1.0 mln tn, higher than 0.2 mln tn a year ago, mainly due to disparity in crushing of the oilseed for meal and oil.
Sudden rainfall, hailstorm affect crops in east Rajasthan
Mild to moderate showers accompanied by hailstorm on Sunday noon made farmers, especially in eastern Rajasthan, jittery.With the harvest of crops, including wheat, mustard and barley, almost a fortnight away, this spell of unprecedented rainfall and hailstorm affected the crops.
Ukraine delivered 2 MMT of sunflower meal to foreign markets
In 2018, January’s exports of Ukrainian sunmeal totaled 478 KMT, i.e. they hit a new high. The export trade gained 16% against the previous month (412 KMT). Its increase against January 2017 was more than 10%. 1976 KMT of sunmeal was supplied to foreign markets in September-January 2017/18 that is up 3.8% from a year ago (1904 KMT).