IMD advised Andhra maize farmers to check stem borer pest.
Ukraine exported more than 11 MMT of wheat this season.
Ukraine exported more than 11 MMT of wheat this season.
India govt Jan 1 wheat stock 19.6 MMT vs 13.7 MMT in LY.
India govt Jan 1 wheat stock 19.6 MMT vs 13.7 MMT in LY.
French wheat export forecast cut again on Black Sea competition.
French wheat export forecast cut again on Black Sea competition.
Turkey reduced import duties for wheat.
Turkey reduced import duties for wheat.
Malaysia CPO ends over 2% lower on firm ringgit
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended over 2% lower today due to a strong ringgit against the dollar. A firm ringgit makes the commodity more expensive for buyers holding other currencies. The most-active March contract of the commodity on the Malaysian bourse settled at 2,567 ringgits (40,992.24 rupees) per tn, down 2.1% from the previous close. An on-month rise in Malaysia’s crude palm oil stocks in December further weighed on the prices.
Jaipur mustard seed up on higher demand from millers
Prices of mustard seed were up in Jaipur because of higher demand from oil millers. Futures contracts of mustard seed on NCDEX, however, traded lower due to higher expiry stocks. The most-active April contract of mustard seed on NCDEX ended down 0.6% from the previous close. Higher volumes of expiry stocks for January delivery are seen creating bearish sentiment
India Edible Oil: Down; mustard ends lower on lukewarm spot demand
Futures contracts of all components of the edible oil basket declined on the domestic exchanges.Shrugging off gains from the previous session, April contract of mustard settled 0.6% lower on the National Commodity and Derivatives Exchange owing to tepid buying from oil millers. However, looming fears of a small crop this year due to adverse weather conditions restricted any sharp fall. Soybean on the NCDEX also closed 0.6% lower in line with weakness in the bellwether contracts on the Chicago Board of Trade. Refined soyoil on the NCDEX, and crude palm oil on the Multi Commodity Exchange of India, both traded 0.6% lower due to lacklustre demand at higher prices in the wholesale markets
India govt offloads 50,000 tn wheat under open market sales scheme on 04 Jan.
India govt offloads 50,000 tn wheat under open market sales scheme on 04 Jan.
Wheat holding up to fog, ground frost; caution on pest attack in North and North-West India.
Wheat holding up to fog, ground frost; caution on pest attack in North and North-West India.
Sub-zero temperatures may have damaged Kansas wheat.
Sub-zero temperatures may have damaged Kansas wheat.
Nigeria imports N163 bln wheat from U.S.
Nigeria imports N163 bln wheat from U.S.
Five-fold increase in paddy procurement in Bihar.
Five-fold increase in paddy procurement in Bihar.
Ample supply weakens rice distribution: NFA
Ample supply weakens rice distribution: NFA
U.S. corn higher on short-covering.
U.S. corn higher on short-covering.
NCDEX coriander hits 2-week high as output may fall
Futures contract of coriander on the NCDEX hit a two-week high of 5,714 rupees per 100 kg today due to expectations of lower rabi output following an over 40% decline in acreage. The most active January contract of coriander on the NCDEX was at 5,685 rupees per 100 kg, up 1.9% from the previous close. Lower moisture and unfavourable weather conditions have been witnessed in major states (Gujarat and Rajasthan), which may reduce the yield of coriander seeds.
Russia oilseed stocks in early December were down almost 8% year-on-year
Russian agricultural companies held 3696.3 KMT of oilseeds as of December 1, 2017, or 311.1 KMT (7.8%) less than at the same time last year (4007 KMT). Oilseed inventories dropped by 311.1 KMT in November. Farmer sunseed stocks totaled 2181.6 KMT, or 322.5 KMT (12.9%) less than at the same time last year (2504.1 KMT). Sunseed inventories dropped by 59 KMT in November.
Ukraine palm oil imports hit a seven-year high
Ukraine imported 28.8 KMT of palm oil in November 2017, or 88% more than in the previous month (15.3 KMT) and 51.6% more than in November 2016 (19 KMT). Palm oil imports to Ukraine hit a seven-year high of some 78 KMT in September-November 2017/18. This is up 43.7% from the same time last season (54.6 KMT).
China became the top importer of Russian soybean oil
Russia exported 44 KMT of soybean oil in November 2017 that was the largest volume for this month. The shipments gained almost 48% against October and over 84% against November 2016. Overall, 2017/18 export statistics shows a 9% drop year-on-year. So, 114.9 KMT of soybean oil was exported in the first three months of the current season against 126.4 KMT at the same time last marketing year. In the current 2017/18 season, China replaced Algeria as the top importer of Russian soybean oil. Consequently, the Chinese share of the market expanded to 45%, while Algeria’s share shrank to 37%.
USDA arm sees 2017-18 Malaysia palm oil exports at 18 mln tn, up 6%
Malaysia’s palm oil exports in 2017-18 (Oct-Sep) are estimated at 18 mln tn, up 5.9% on year. The USDA arm has pegged Malaysia’s total domestic consumption marginally higher at 3.19 mln tn, compared with 3.17 mln tn. “The increase is in line with population growth and marginal growth in biodiesel production for domestic consumption. Malaysia’s palm oil ending stocks in 2017-18 are estimated to fall to 1.5 mln tn from 1.7 mln tn a year ago.