ISMA seeks inclusion of sugar in FTAs with neighbouring countries.
Two Indian mills surrender 11,555 MT of reallocated raw sugar import quota.
Two Indian mills surrender 11,555 MT of reallocated raw sugar import quota.
ICRA bullish on sugar prices in near term as supplies seen tight.
ICRA bullish on sugar prices in near term as supplies seen tight.
EU increases duty-free Ukrainian wheat import quotas.
EU increases duty-free Ukrainian wheat import quotas.
Argentina scraps wheat export quotas.
Argentina scraps wheat export quotas.
US winter wheat production drops 24%.
US winter wheat production drops 24%.
Rice prices fall in India and Thailand.
Rice prices fall in India and Thailand.
NCDFI to buys 5,750 tn de-oiled rice bran on OCT 04.
NCDFI to buys 5,750 tn de-oiled rice bran on OCT 04.
EU increases duty-free Ukrainian corn import quotas.
EU increases duty-free Ukrainian corn import quotas.
Argentina corn weather rains though coming days seen dry.
Argentina corn weather rains though coming days seen dry.
Argentina scraps corn export quotas.
Argentina scraps corn export quotas.
NCDFI to buy 22,000 tn maize via e-auction Oct 25.
NCDFI to buy 22,000 tn maize via e-auction Oct 25.
Groundnut price may top MSP in 2 mos on likely small crop, govt buys.
Groundnut prices are likely to top the minimum support price during the peak arrival season in Oct-Nov, deviating from the norm, buoyed by a smaller crop, procurement in Gujarat, and an uptick in exports Erratic weather conditions due to uneven distribution of monsoon rains in key growing areas have hit the crop this year.
Mustard seed prices up in Jaipur as arrivals fall.
Prices of mustard seed were up in Jaipur, due to a fall in arrivals coupled with improved demand from domestic oil millers and crushers. Arrivals across the country were estimated at 80,000 bags (1 bag = 85 kg), compared with 110,000 bags on 28 Sep. Farmers are holding their produce in anticipation of a further rise in mustard seed prices. Export demand for mustard meal and seasonal demand for mustard oil in the domestic market, further supported prices.
NCDEX to exclude 1% cash discount on Apr mustard from Feb 5.
NCDEX will exclude 1% cash discount on mustard spot polling price, effective from Feb 5. The decision by the exchange is taken in order to align the polled prices with the physical market price where cash discount is deducted while making payment. NCDEX polled spot prices with the discount will be applicable on contracts expiring in April and thereafter.
India soybean down 1% on low spot demand, CBOT cues.
The futures contracts of all components of the edible oil basket fell on the domestic exchanges due to tepid buying in spot markets and low trade ahead of the extended weekend. Futures contracts of soybean on the National Commodity and Derivatives Exchange closed nearly 1% lower due to subdued purchases in the wholesale markets
Govt approves procurement of soybean in Maharashtra, Rajasthan.
Centre has approved Maharashtra and Rajasthan governments proposal for procurement of soybean grown in the 2017-18 (Jul-Jun) kharif season. The central government has given approval for procurement of 100,000 tn soybean from farmers in Maharashtra and 150,000 tn of the oilseed from Rajasthan at MSP. The move comes as prices of the oilseed have fallen below the minimum support price in key markets. Prices may decline further with arrivals seen rising October onwards.
Maharashtra to finalise schedule for soybean procurement on Oct 03.
The farm ministry officials of Maharashtra will on 3 october finalise the schedule to procure soybean. The move comes after the Central government last week gave approval to the state government’s proposal to procure 100,000 tn soybean at the minimum support price.
Tur up in Akola, Kalaburagi shut on Dussehra holidays
Prices of tur in Akola up slightly due to demand from dal millers while the market in Kalaburagi, Karnataka was closed on the occasion of Dussehra.
Maharashtra to finalise schedule for mung and urad procurement on Oct 03.
The farm ministry officials of Maharashtra will finalise the schedule to procure moong, and urad. The Centre approved the state government’s decision to procure new crop moong and urad, prices of which fell below the MSP earlier this month. Moong and urad prices in the state are also 10% below their MSPs. The state marketing federation will implement the procurement on behalf of state government.