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.
Aug pulses import at Chennai port down 4% on month, tur imports rise
Import of pulses at Chennai port fell 3.9% on month in August to 40,224 tn, as urad imports fell sharply. Import of urad in August declined in anticipation of the new crop hitting markets in Karnataka, Madhya Pradesh and Maharashtra in September. Imports of urad fell sharply to 23,856 tn in August from 32,184 tn in July, and 33,720 tn in the corresponding period last year. However, imports of tur last month rose to 11,640 tn compared with 7,752 tn in July. Overall imports of pulses at the various ports remained lower due to restriction by the government in order to support domestic prices.
Remunerative price for sugarcane from centre will not benefit farmers
Remunerative price for sugarcane from centre will not benefit farmers
Bumper sugar crop turns into bitter harvest for UP
Bumper sugar crop turns into bitter harvest for UP
CCI imposes penalties upon Sugar Mills and their Associations
CCI imposes penalties upon Sugar Mills and their Associations
Cabinet defers Rs 4,500 cr sugar package;
Cabinet defers Rs 4,500 cr sugar package;
Total supplies of canola are estimated at 21.7 Mt,
Total supplies of canola are estimated at 21.7 Mt,
For 2018-19, canola production is estimated by Statistics Canada at 19.1 Mt
For 2018-19, canola production is estimated by Statistics Canada at 19.1 Mt
Carry-out stocks are estimated at 2.4 Mt
Carry-out stocks are estimated at 2.4 Mt
For 2017-18, Canadian disposition of canola
For 2017-18, Canadian disposition of canola
For 2018-19, production is estimated at 175 kt
For 2018-19, production is estimated at 175 kt
For 2017-18, Canadian mustard exports decreased to 112 kt
For 2017-18, Canadian mustard exports decreased to 112 kt
Domestic processing of Canadian soybeans is forecast to rise to 1.9 Mt,
Domestic processing of Canadian soybeans is forecast to rise to 1.9 Mt,
Exports are forecast at a record 5.3 Mt with shipments headed to a diverse group of countries.
Exports are forecast at a record 5.3 Mt with shipments headed to a diverse group of countries.
For 2018-19, soybean production is estimated at 7.0 Mt
For 2018-19, soybean production is estimated at 7.0 Mt
Domestic processing of soybeans is estimated up marginally
Domestic processing of soybeans is estimated up marginally
For 2017-18, exports are estimated at a record 4.6 Mt
For 2017-18, exports are estimated at a record 4.6 Mt
Soybean up on low arrivals, high demand for soymeal.
Soybean up on low arrivals, high demand for soymeal.
NCDEX coriander down over 2% as supply seen rising.
NCDEX coriander down over 2% as supply seen rising.
Coriander prices up in Rajasthan on surge in demand.
Coriander prices up in Rajasthan on surge in demand.