African new crop tur prices at 4-year low as demand from India falls.
Ram Gopal Yadav (8 years ago)

Prices of new crop tur of the African origin have hit a four-year low due to muted demand from India following sufficient stock of the pulse. Tur prices in Indian spot markets are way lower than the minimum support price, thereby, hardly giving any incentives to importers to ship the pulse from African countries. The new crop African origin Matwara tur variety is sold at $425 per tonne on cost and freight basis, down from $900 per tonne in the year-ago period, while Kenya origin was sold at $390 per tonne from $850 per tonne. About 70-75% of tur from African countries are shipped to India, which is the largest producer and consumer of tur. Sufficient stocks of tur in India following bumper production, limited demand from the dal millers is seen creating bearish sentiment in the global market as the former is a key buyer for their produce.

India Govt allocates 8.4 billion rupees to states so far FY18 to up pulses crop.
Ram Gopal Yadav (8 years ago)

The government has allocated 8.35 billion rupees to states under the National Food Security Mission so far in 2017-18 (Apr-Mar), to boost production of pulses in the country. Of the total amount, the government has released 1.69 billion rupees so far to the states for implementation of the pulses programme. For the entire mission, the Centre has earmarked a total of 17.20 billion rupees for 2017-18. Production of pulses seeds in seed-hubs has also been taken up by the farm research body, Krishi Vigyan Kendras, and state agricultural universities.

NCDEX chana futures up tailing gains in spot prices.
Ram Gopal Yadav (8 years ago)

Chana futures rose 1% on the NCDEX tracking the rise in major spot markets. The most active September contract on the NCDEX was up 1% from previous close. In Bikaner, a key market, chana was quoted as 5,050 rupees per 100 kg, up 50 rupees from previous close.

India sugar prices at record high in Delhi; long-term view bearish.
Ram Gopal Yadav (8 years ago)

Prices of sugar inched up in the key wholesale markets of north India and touched a record high in Delhi as supplies were disrupted due to religious processions on some routes connecting western Uttar Pradesh to the national capital. Sugar prices also rose in the key spot markets of Maharashtra as millers quoted higher prices.

Uttar Pradesh issues notice to sugar mills for 2016-17 cane dues.
Ram Gopal Yadav (8 years ago)

The Uttar Pradesh government has issued notice to sugar mills in the state for non-payment of cane dues to farmers for 2016-17 (Oct-Sep) season. Notices have been issued to mills owned by Modi Sugars, Bajaj Hindusthan Sugar, Simbhaoli Sugars, Mawana Sugars, Rana Sugars and others as their payment process is slow. Mills in the state owed 25.35 billion rupees as of Monday to sugarcane farmers for the 2016-17 season. If the mills are unable to clear the dues in 15 days, they have to explain the reason for the inability to pay.

Uttar Pradesh sees 2017-18 sugar output 9.2-9.5 million tonne, up 5-9% year on year.
Ram Gopal Yadav (8 years ago)

Uttar Pradesh is likely to peg sugar output for 2017-18 (Oct-Sep) at 9.2-9.5 million tonne, up 5.1-8.6% on year. Mills in the state had produced a record 8.75 million tonne sugar a year ago, surpassing the previous high of 8.47 million tonne produced in 2006-07. For the next season, Uttar Pradesh sees production reaching about 9.2 million tonne to 9.5 million tonne as the acreage of sugarcane is rising. The acreage of sugarcane in Uttar Pradesh, the country top cane producing state, is likely to rise 5% in 2017-18 (Jul-Jun).