The Food Corp of India will offer 8,359.17 tonne tur and 27.90 tonne masoor for auction on Thursday through NCDEX e-Markets. The pulses are stocked at warehouses in Maharashtra, Madhya Pradesh, and Telangana.
Haryana to distribute 4,820 tonnes of pulses to poor families.
The Haryana government has decided to distribute 4,820 metric tonnes (MT) of pulses to 11,28,006 poor families at subsidised rates.
West Bengal seeks to buy 8,100 tonne sugar for sale via PDS.
West Bengal Essential Commodities Supply Corporation Ltd, a nodal agency for procuring sugar on behalf of the Food and Supplies Department of the state, have sought bids to buy 8,100 tonne of sugar. The sweetener bought would be supplied during Sep-Oct through the public distribution system. Sep-Oct is a period of key festivals such as Durga Pooja, Kali Pooja and Chhat Pooja in the state. The submission of the bids closes on Aug 7, and the price bid open on Aug 9. The bids remain valid for 60 days from the date of opening of the tender.
Pakistan govt allows export of 300,000 tonne of sugar.
The Pakistan government has allowed export of 300,000 tonne of sugar. The country had 1.45 million tonne of surplus sugar stock from the last crushing season. Exporters in the country should export the allotted quota within two months. Earlier, Pakistan had allowed export of 425,000 tonne sugar, as millers in the country wanted the government to allow export to settle dues of farmers.
Sugar prices up in Maharashtra, unchanged in Delhi.
Prices of sugar inched up in the key wholesale markets of Maharashtra as millers quoted higher prices. Despite poor demand, mills are raising prices as there is no pressure on them to sell stocks. Millers will receive the new supply of sugar by mid-September and will have to manage with the current stocks till then. In North India, prices of sugar remained unchanged. Sugar futures on NCDEX it the 3% upper limit, taking cues from the strength in spot prices.
Maharashtra drip irrigation mandatory for sugarcane crop.
The Maharashtra government has made drip irrigation mandatory for sugarcane crops in all the irrigated command areas across the state. More than half the land in Maharashtra is drought-prone and this decision is considered a formidable step towards water conservation. The government install drip irrigation system in the fields of total 3.7 lakh hectares in a phased manner within the next two years. The state provides a loan with an interest rate of only 2%. The amount of loan will be Rs 85,400 per hectare.
Nearly 90% sugarcane dues cleared by UP govt.
Out of the total outstanding cane dues of Rs 25,836.46 crore for crushing season 2016-17, a payment of Rs 22,807.53 crore was made to cane growers till July 14. This is 89.84 per cent of the total dues. Around 90 per cent of cane dues amounting to Rs 22,807 crore was given to sugarcane growers till July 14 during the crushing season 2016-17. The cane area of the state had increased by two lakh hectare due to the faith reposed by farmers on Chief Minister Yogi Aditynath.
India coffee exports during Jan 1- Jul 17.
India coffee exports during Jan 1- Jul 17.
NCDEX coriander rises on firm demand, low arrivals.
NCDEX coriander rises on firm demand, low arrivals.
Maize sowing may pick up in Telangana on good rains.
Maize sowing may pick up in Telangana on good rains.
U.S corn condition as of 16th July.
U.S corn condition as of 16th July.
Tamil Nadu farmers advised to transplant paddy nursery.
Tamil Nadu farmers advised to transplant paddy nursery.
Sri Lanka to import 100,000 MT of rice from Thailand.
Sri Lanka to import 100,000 MT of rice from Thailand.
Pakistan wrestles with 4.5MT of surplus wheat as domestic prices hurt exports.
Pakistan wrestles with 4.5MT of surplus wheat as domestic prices hurt exports.
Japan offers to buy 89,443 tonnes food wheat via tender.
Japan offers to buy 89,443 tonnes food wheat via tender.
CBOT wheat up 1.6% on concerns of crop damage in US.
CBOT wheat up 1.6% on concerns of crop damage in US.
Source says 440,000 tn wheat due at Tuticorin from end-Jul to Sep.
Source says 440,000 tn wheat due at Tuticorin from end-Jul to Sep.
India edible oil most down; soybean, mustard up on high demand.
Futures contracts of most constituents in the edible oil basket, barring soybean and mustard, declined on domestic commodity exchanges. Shrugging off the previous session weakness, contracts of soybean on NCDEX closed 0.8% higher due to improved demand at lower prices in spot markets. Lower arrivals in key markets also boosted the prices. Arrivals were low as farmers are busy in sowing. Futures contracts of mustard on the NCDEX settled 0.5% higher bolstered by improved purchases in wholesale markets.
NCDEX marks 4,540 tonne soybean for staggered delivery.
NCDEX has marked 4,540 tonne of soybean for staggered delivery in the July contract, which expire Thursday. The bourse has also marked 780 tonne of castor seed, 550 tonne of wheat, 415 tonne of guar gum, 310 tonne of mustard seed, 240 tonne of cottonseed oilcake, 171 tonne of jeera, 100 tonne of guar seed and 20 tonne of mustard oilcake for staggered delivery in the July contract. Staggered delivery is used to check any artificial rise in prices. Under this mechanism, sellers can indicate intention of delivery to the exchange during the tender period, currently a 10-day span before the contract expires.
NAFED buys 4,149 tonne sunflower seed so far in Haryana.
The National Agricultural Cooperative Marketing Federation of India has procured 4,149 tonne of rabi sunflower seed. The procurement drive, which was started last month in the state, is under way in Ambala, Sahabad, Ladwa, and Pehowa districts under the price support scheme in Haryana. The agency is procuring the oilseed from the growers at the minimum support price of 3,950 rupees per 100 kg, including a bonus of 100 rupees, as market prices are hovering below this level.