US rice mills want China to hurry up and seal the deal.
Iran rice import ban to stay until November 21.
Iran rice import ban to stay until November 21.
FAO sees record global rice output in 2017-18.
FAO sees record global rice output in 2017-18.
Haryana govt in process to start paddy procurement from Oct 1.
Haryana govt in process to start paddy procurement from Oct 1.
Rice prices jump in India; Bangladesh eyes import deal with Myanmar.
Rice prices jump in India; Bangladesh eyes import deal with Myanmar.
FAO sees global wheat output up in 2017-18.
FAO sees global wheat output up in 2017-18.
India seen importing 800000 tonnes of wheat in Sept-Oct.
India seen importing 800000 tonnes of wheat in Sept-Oct.
Indore wheat prices rise on improved demand.
Indore wheat prices rise on improved demand.
US farmers thinking more soybean acres as corn returns disappoint.
US farmers thinking more soybean acres as corn returns disappoint.
CBOT corn drops 1.7% on technical sales.
CBOT corn drops 1.7% on technical sales.
Maize down on NCDEX as warehouse stocks increase.
Maize down on NCDEX as warehouse stocks increase.
No agreement to lift India’s import restrictions on Myanmar’s pulses and beans.
During his visit to Myanmar, Indian Prime Minister Narendra Modi said it was important to work out long-term arrangements for the trading of pulses and beans between the two countries. However, there was no agreement to lift India’s import restrictions on Myanmar’s pulses and beans.
Nagpur Gram and tur prices declined on lack demand.
Gram and tur prices declined further in Nagpur Agriculture Produce and Marketing Committee (APMC) here on lack of demand from local millers amid increased arrival from producing belts. Fresh fall in gram on NCDEX, weak trend Madhya Pradesh pulses and high moisture content arrival also pulled down prices. Desi gram reported down in open market in absence of buyers amid good supply from producing regions. Tur varieties ruled steady in open market but demand was poor.
NCDEX chana up 1% on rise in demand from millers.
Futures contracts of chana rose 1% on the NCDEX because of a rise in demand from millers. The most active October contract traded at 6,207 rupees per 100 kg, up 1.2% from the previous close.
China bought 8.45 million tonnes of soybeans in biggest August imports on record.
China, the world top soybean buyer, imported 8.45 million tonnes of the oilseed in August. A record for the month of August, as improving margins boosted demand from buyers. The August figures were up 10.2 percent from last year’s 7.67 million tonnes, but down 16.2 percent from 10.08 tonnes in July.
Palmolein oil up on retailers demand.
Palmolein oil prices firmed by Rs 50 per quintal at the wholesale oils and oilseeds market on pick up in demand from retailers. However, groudnut oil weakened on reduced offtake. Traders said pick up in demand from retailers mainly led to rise in palmolein oil prices.
India soybean ends a tad lower; CPO up on Malaysian cues.
Futures contracts of edible oils traded mixed, with soybean and mustard falling and refined soyoil and crude palm oil rising on domestic exchanges. Soybean closed marginally lower on the National Commodity and Derivatives Exchange due to arrival of fresh crop in the key markets of Madhya Pradesh, the largest grower.
CBOT soybean up on crop damage concerns in the US.
Soybean futures contracts rose over 1% on the CBOT on concerns of damage to the US soybean crop due to hurricane Harvey. After Harvey, investors are tracking developments on hurricane Irma which is expected to reach the Gulf of Mexico in a few days. Prices rose also on expectations of a fall in the country’s soybean yield due to dry weather over the US Midwest which is the key soybean-growing region. The most active November contract of soybean on the CBOT was at $9.7625 per bushel, up 0.5% from the previous close.
Soybean prices fall in Indore on new crop arrivals.
Prices of soybean fell in the key wholesale markets of Indore, Madhya Pradesh, due to arrival of fresh crop in the market. In 15-20 days, supplies in full swing and daily arrivals in Indore are seen at 10,000-15,000 bags. The most active October contract was down 0.4% from the previous close.
Jaipur mustard down as demand hit post 1-wk high.
Mustard seed prices were down in Jaipur, due to subdued demand from domestic buyers after prices hit a one-week high. In the benchmark Jaipur market, the oilseed down 20 rupees from previous close. A rise in arrivals also weighed on the mustard seed prices. Export demand for mustard meal, however, cushioned the fall in mustard seed prices.