The government wants to declare the minimum support prices for key rabi crops at the onset of the season due to upcoming Assembly polls in several states. It has to be declared before the code of conduct comes into place.
Khammam Production of maize to touch 30,000 tonnes.
Maize production is expected to cross 30,000 tonnes this year. Maize was sown in 13,000 acres in Khammam and Bhadradri districts and the extent of the irrigated dry crop is increasing by the year. Farmers at large in Mudigonda, Kusumanchi, Bonakal, Errupalem and Chintakani mandals in Khammam district and Allapalli, Sattupalli, Yellandu, Tekulapalli, Mulakalapalli and Chandrugonda mandals in Bhadradri district opted to sow maize. The crop is now at harvesting stage and his is creating tension among the farmers as they remember the horrible experiences of last year. Delayed lifting led to crop getting damaged in the fields due to rains last year. The resultant losses were put at around Rs 5 crore. The delayed lifting also forced farmers to stay at the lifting centres over three days or more. Private traders, who cashed in on the the situation, bought the damaged maize at throwaway prices.
Ukraine keeps wheat export memorandum for 2018/19 unchanged.
Ukraine will not review a recently signed memorandum with traders on the volume of wheat available for export in the 2018/19 season. The memorandum allows the export of 8 million tonnes of milling wheat and 8 million tonnes of feed wheat.
Iraq buys 100,000 T wheat, 90,000 T rice in direct deals.
Iraq’s trade ministry said it bought 100,000 tonnes of wheat and 90,000 tonnes of rice in direct deals, outside of the international tendering process.Of the total, Iraq bought 50,000 tonnes of US wheat and 50,000 tonnes of Australian wheat.
The Latin American country is competing with European wheat on many international markets.
Demand for French wheat has been shrinking, with port data showing a thin line-up aiming to France’s main client Algeria with nearly no exports to West Africa. French port silos are full so deliveries are being slowed down, although not halted, due to a lack of room.Silos are full in (the Atlantic port of) La Pallice and in Rouen and export prospects for October are thin or non-existent.
EU wheat falls on poor demand, high global supplies.
European wheat prices pared gains, pressured by a lack of demand for European supplies and reports of a record wheat harvest in Argentina. Benchmark December milling wheat on Paris-based Euronext closed 0.50 euro or 0.25 percent lower at 200.50 euros a tonne. Reached 202.75 euros in earlier trade. Argentina’s 2018/19 wheat harvest is expected to reach a record 19.7 million tonnes, up from 17.8 million tonnes last year.
Wheat slips on reduced offtake by flour mills.
Wheat prices slipped by Rs 15 per quintal at the wholesale grains market due to reduced offtake by flour mills against adequate stocks position. However, other grains held steady in thin trade. Besides fall in demand from flour mills, sufficient stocks position on increased arrivals from growing regions mainly weighed on wheat prices.
Preparation for paddy, maize procurement begins in State.
Government of Chhattisgarh in Kharif season 2018 would commence its paddy and maize procurement at minimum support price through Primary Agriculture Credit Cooperative Committees from Foundation Day of State, November 1. Food and Civil Supplies officers intimated that in state under 1,333 primary committees 1998 procurement centres have been made and target of 75 lakh MT paddy is expected in current year. With increase in production of Maize the target has been kept as 40,000 tonnes is likely to be procured from farmers.
SEBI mulls lifting decade-old ban on tur, urad futures.
The Securities and Exchange Board of India (SEBI) may soon allow futures trading in tur and urad dal as the regulator considers lifting a decade-old ban. Agri-commodities bourse NCDEX has also sought the regulator’s nod for relaunching futures trading in tur and urad. Trading in tur and urad was banned in 2007 after a spike in prices of these commodities Currently, these commodities have been trading below the minimum support price (MSP), which is a cause of concern for the government. If SEBI allows future trading in tur and urad, it may ease cartelisation in pulses. Large players will also show interest and derivative is a good tool for price discovery.
New urad crop arrivals start in Madhya Pradesh, prices may fall more.
New crop of urad or black matpe has started arriving in some parts of Madhya Pradesh and Maharashtra, the two key producing states, over the last few days. However, the new crop is being sold at 2,800-3,000 rupees per 100 kg, compared with 3,500-3,700 rupees a year ago, as urad prices are already 46% below the minimum support price of 5,600 rupees per 100 kg fixed by the government for 2018-19 (Jul-Jun). Prices are down this year due to higher moisture content in the new crop. New crop arrivals have started on time this year in Madhya Pradesh, and about 50-60 bags (1 bag = 100 kg) are arriving daily in the market as against 100-120 bags last year. The new crop this year has moisture content of 15-16% compared with 12-13% last year, which has led to fall in domestic demand. In Maharashtra, another key market, arrivals of urad have started in Latur, and 2,500-3,000 bags (1 bag = 100 kg) are arriving daily in the market as against 5,000-6,000 bags last year. Arrivals of the pulse are lower as output is expected to fall due to erratic weather conditions in the key growing areas of the state. New crop is currently being sold in the range of 3,500-4,000 rupees per 100 kg, up 50-100 rupees from the year-ago period.
Rains improve conditions for winter grain sowing in russia, ukraine.
Recent rains across Ukraine and Russia have improved conditions for 2018’s winter grain sowing and the prospects for the next year’s harvest. The situation is very favourable for sowing. Weather again gave us a bonus. Rains have fallen in all regions and there is nobody who can complain about the weather. Ukrainian farmers have sown 2.3 million hectares of winter grains as of Sept. 24, or 32 percent of the forecasted area of 7.2 million hectares. They sowed 2.5 million hectares at the same date a year earlier.
Bangladesh opens new November wheat tender.
Bangladesh’s state grains importer, CCPP, has opened a tender to buy 50,000 mt of milling wheat from the international.
Taiwan tenders to buy 110,000 tonnes wheat of US-origin.
The Taiwan Flour Millers’ Association has issued an international tender to purchase 110,000 tonnes of grade 1 milling wheat to be sourced from the United States. The tender deadline is Oct. 2. The wheat is sought in two consignments both of 55,000 tonnes for shipment from the US Pacific Northwest coast.
Japan offers to buy 109,150 T of food wheat via tender.
Japan’s Ministry of Agriculture sought to buy 109,150 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender.
Serbia’s 2018 wheat output rises 29.3%.
Serbia’s 2018 wheat output rose 29.3% on the year to 2.942 million tonnes. The harvested area increased to 648,083 hectares in 2018, from 557,702 ha last year. Maize production is seen at 6.965 million tonnes in 2018, up 73.3% over the previous year.
Moong acreage up 7.4% on year at 3.44 mln ha.
Moong acreage across the country rose 7.4% on year to 3.44 mln ha, largely due to a rise in area under the crop in Rajasthan and Karnataka.
Kharif urad acreage 4 mln ha, down 9% on year.
Farmers in the country have sown urad across 4.04 mln ha this kharif season, down 9% on year. Urad acreage this kharif season is already well above the five-year average of 3.14 mln ha for the corresponding period. In Madhya Pradesh, the largest grower of urad, acreage was down 7.7% on year at 1.65 mln ha as farmers shifted to paddy and soybean for lucrative returns. Harvesting of urad has begun in some parts of Madhya Pradesh and fresh arrivals are entering the market. Madhya Pradesh’s urad output in 2018-19 is estimated at 1.73 mln tn, down 1.1% from last year.
Govt approves moong procurement at MSP in Karnataka, Tamil Nadu.
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.
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.
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.