Australia’s wheat output in 2018-19 season seen down 10% at 19.1 mil mt.
Ram Gopal Yadav (7 years ago)

Australia was expected to produce 19.1 million mt of wheat in the 2018-19 (October-September) season, down 10% from 21.2 million mt in 2017/18. The decline in estimate is primarily attributed to reduced crop prospects from exceptionally unfavourable seasonal conditions in Queensland, New South Wales and parts of Victoria and South Australia. In New South Wales, the well below average rainfall during the planting window resulted in much less area planted to winter crops than was initially intended. As a result, wheat production is forecast to fall by 44% to 2.5 million mt in 2018-19.In Queensland, the dry conditions and low levels of soil moisture reduced potential yields with wheat production forecasted to be around 525,000 mt, down 23% from the previous harvest. South Australian wheat production is forecasted to fall by 10% to 3.7 million mt due to 13% decline in average yield. Timely rainfall in early spring will be critical to ongoing crop development in many cropping regions in eastern states (including South Australia) because of low levels of soil moisture.

Dec 18 CBOT Wheat closed at $5.18 3/4, down 9 1/2 cents.
Ram Gopal Yadav (7 years ago)

Wheat futures saw Turnaround losses of 8 to 9 1/2 cents in the CBT and KC contracts, with MPLS down 4 to 6 cents. September showed thin trade. Crop Progress report indicated that 93% of the US spring wheat crop was harvested as of Sunday, 8% faster than the average. The winter wheat crop was shown at 5% planted, even with the normal pace and last year. Ahead of the monthly USDA report, projecting the USDA will trim new crop world ending stocks for wheat by 1.37 MMT to 257.58 MMT. The French wheat crop is estimated at 34.55 MMT, down 5.5 MMT from their August number.

India Spot wheat prices up in Indore, Kota.
Ram Gopal Yadav (7 years ago)

Prices of wheat increased around 25 rupees per 100 kg in the key wholesale market of Indore in Madhya Pradesh due to good demand from flour mills and bakery product manufacturers. Wholesale price of mill quality wheat in Indore was at 2,025 rupees per 100 kg. In Kota market, price of the food grain was at 1,900-1,925 rupees per 100 kg, up 10-15 rupees from the previous session. Food Corp of India sold 115,200 tn of wheat in the eighth round of auctions under the open market sales scheme for 2018-19 (Apr-Mar).

USDA arm sees Myanmar 2018-19 pulses output down 14% at 3.8 mln tn.
Ram Gopal Yadav (7 years ago)

The US Department of Agriculture’s Foreign Agricultural Service sees Myanmar beans and pulses 2018-19 output down 14.2% on year at 3.8 mln tn. Output of the pulses in the country is estimated to decline as the Myanmar government has urged the farmers to reduce production of some pulses such as urad and tur and shift to other crops such as seed corn, soybeans, green gram, dry season rice and sesame. About 80-90% of the total tur production and 60-70% of urad is exported to India, and the domestic wholesale prices depends mostly on India’s demand. In March last year, India had imposed a 10% customs duty and in August imposed quantitative restriction of 200,000 tn on tur and 300,000 tn on urad and moong annually, to curb cheaper imports. The restrictive policy by the Indian government has led to a sharp drop in the exports of pulses from Myanmar.

Moong acreage up 7.3% on year at 3.4 mln ha.
Ram Gopal Yadav (7 years ago)

Area under moong crop across the country was at 3.40 mln ha, up 7.3% on year, largely due to a rise in acreage in Rajasthan and Karnataka. In Rajasthan, the largest grower, area under the crop jumped 22.5% on year to 1.92 mln ha. The rise in overall acreage this year is due to the steep hike of 50% in the minimum support price for moong for 2018-19. In Karnataka, the area under moong cultivation rose 16.2% on year to 423,000 ha.

Urad acreage down 12.5% on yr at 3.8 mln ha
Ram Gopal Yadav (7 years ago)

Farmers in the country have sown urad across 3.80 mln ha this kharif season, down 12.5% on year. In Madhya Pradesh, the largest grower of urad, acreage was down 16.7% on year at 1.49 mln ha as farmers shifted to paddy and soybean in search for lucrative returns. For 2018-19 (Jul-Jun), the government has increased the minimum support price for paddy by up to 13% and for urad by 3.7%. Last year, many farmers opted for urad instead of soybean due to scattered rains and low realisations from the latter, which resulted in a jump in urad acreage. The country produced 2.84 mln tn of urad during the last kharif season.