Argentina soybean crop is seen at 57 million metric tonne in 2017-18 (Apr-Mar), down 1.4% on year. Argentina produced 57.8 million metric tonne of the oilseed in 2016-17. The fall in production is attributed to excess rains during Aug-Sep that not only affected winter crop, but is also expected to delay the sowing of soybean now.
India edible oil All down except mustard; soy 1% lower tailing CBOT
Futures contracts of all edible oils, barring mustard, traded lower on domestic exchanges, in line with international markets. Futures contracts of soybean fell around 1% on the NCDEX, tracking weakness in key contracts on the CBOT.
Farm minister says govt OKs buys of 350,000 metric tonne groundnut in Gujarat.
The Centre has approved Gujarat government’s proposal for procurement of 350,000 metric tonne groundnut in 2017-18 (Jul-Jun). The government-mandated minimum support price of the oilseed is 4,450 rupees per 100 kg, inclusive of Centre’s bonus of 100 rupees per 100 kg. The move comes as prices of the pulses have fallen below the minimum support price in key markets of the state.
Philippine Ships 100,662 MT of raw sugar to China, Japan
Traders shipped 100,662.51 metric tons (MT) of raw sugar to China and Japan as part of efforts to reduce the country’s sugar inventory. The volume is part of the 140,000 MT of sugar that Philippine traders would export to countries other than the United States by the end of November. Shipping 140,000 MT of ‘D” sugar would help reduce the country’s sugar inventory and improve domestic prices during the current crop year, which began on September 1.
Maharashtra sugar output in Nov seen up 60% on year at 1.5 million metric tonne.
Mills in Maharashtra are likely to produce around 1.5 million metric tonne sugar in November, the first month of the start of the season, up nearly 60% from the corresponding month last year. Around 150 mills are likely to start operations in November this season, compared to 100 mills in the same period last year. Reports surfaced in Maharashtra about a possible delay in crushing due to continued rains across the state.
Romania top EU exporter of barley to third countries at start of 2017/18.
Romania top EU exporter of barley to third countries at start of 2017/18.
South Korea’s NOFI tenders for barley.
South Korea’s NOFI tenders for barley.
India coffee exports during Jan 1- Oct 13 .
India coffee exports during Jan 1- Oct 13 .
All-India cotton arrivals down at 51,500 bales on 13 Oct.
All-India cotton arrivals down at 51,500 bales on 13 Oct.
NCDEX coriander hits 1-month high on bargain buying.
NCDEX coriander hits 1-month high on bargain buying.
US corn slips, harvest delays curb losses.
US corn slips, harvest delays curb losses.
Nizamabad maize prices unavailable as markets shut.
Nizamabad maize prices unavailable as markets shut.
Pakistan 2017-18 rice output may exceed govt target.
Pakistan 2017-18 rice output may exceed govt target.
Telangana to procure 5.3 MMT paddy.
Telangana to procure 5.3 MMT paddy.
U.S. wheat futures fell, pressured by a wave of technical selling.
U.S. wheat futures fell, pressured by a wave of technical selling.
Strong domestic demand for UK wheat.
Strong domestic demand for UK wheat.
India spot wheat prices inch up on festival demand.
India spot wheat prices inch up on festival demand.
Chana prices up in Delhi, Bikaner on millers demand.
Chana prices were up in Delhi and Bikaner, owing to improved demand from dal millers and stockists due to the festive season. A fall in supply further supported chana prices.
NAFED procures 5,340 metric tonne of kharif urad in 3 states.
The National Agricultural Cooperative Marketing Federation of India has procured 5,340 metric tonne of urad grown during the kharif season in three states. The procurement under the price support scheme started last month and was underway in Rajasthan, Telangana and Karnataka. Rajasthan accounted for the maximum procurement at 4,292 metric tonne. Over 4,700 farmers have sold their crop to the agency. NAFED started procuring urad as market prices fell below the minimum support price of 5,400 rupees per 100 kg, inclusive of a bonus.
NAFED procures 7,394 metric tonne of kharif moong in 3 states.
The National Agricultural Cooperative Marketing Federation of India has procured 7,394 metric tonne of moong grown in the kharif season under the price support scheme in Telangana, Karnataka and Rajasthan. Over 6,000 farmers have been benefitted from the procurement drive that started mid September in Telangana, and later extended to Karnataka and Rajasthan. NAFED started procuring moong as market prices fell below the minimum support price of 5,575 rupees per 100 kg, inclusive of a bonus.