NCDEX cottonseed oilcake up tracking cotton prices.
EU wheat prices climb as U.S. crop woes boost demand.
EU wheat prices climb as U.S. crop woes boost demand.
French soft wheat exports to India.
French soft wheat exports to India.
Wheat prices rise in Delhi, Kota as stocks decline.
Wheat prices rise in Delhi, Kota as stocks decline.
EU may lift import restriction on Fukushima rice.
EU may lift import restriction on Fukushima rice.
Bangladesh govt gets lowest offer of $430 per tonne in rice import tender.
Bangladesh govt gets lowest offer of $430 per tonne in rice import tender.
Govt source says EU unlikely to ease tricyclazole norm for basmati.
Govt source says EU unlikely to ease tricyclazole norm for basmati.
Punjab border belt loses basmati aroma as area under sowing falls by 90% in 5 years.
Punjab border belt loses basmati aroma as area under sowing falls by 90% in 5 years.
Rice exporters write to Arun Jaitley seeking change in GST norms.
Rice exporters write to Arun Jaitley seeking change in GST norms.
Punjab govt says no major damage to cotton, paddy due to heavy rains.
Punjab govt says no major damage to cotton, paddy due to heavy rains.
Zimbabwe maize subsidy adds $118 million to mounting debt.
Zimbabwe maize subsidy adds $118 million to mounting debt.
Excessive rain damages maize crop on 40,000 acres in Punjab.
Excessive rain damages maize crop on 40,000 acres in Punjab.
NCDEX maize up 1% on fall in acreage, poor rains.
NCDEX maize up 1% on fall in acreage, poor rains.
Sugar stocks up on hope of duty hike.
Sugar stocks rose by up to 20 per cent on expectation of an increase in customs duty to curb cheaper imports and estimates of lesser production than previous projections. The share price of Shree Renuka Sugars jumped the highest, to close at ~15.66. Bajaj Hindusthan and Simbhaoli Sugars surged by 9.3 per cent and 7.3 per cent, to close at ~16.36 and ~31.45, respectively. Also, monsoon rain has been sporadic in major cane growing areas, prompting analysts to forecast less output than previous estimates.
India likely to increase sugar import tax to 50%.
India is likely to raise import duty on the sweetener to 50 percent from 40 percent in an attempt to restrict the cheaper flow of the commodity from overseas. The government in April allowed the duty-free import of 500,000 tonnes of sugar by the end of June to keep a lid on prices after local production fell by a fifth from a year ago. However, in 2017/18 marketing year starting from October 1, India sugar output is expected to jump a quarter from the previous year to 25 million tonnes. There have been some apprehensions of cheaper imports flooding the Indian market. That’s why the government is likely to raise the duty to 50 percent.
Delhi, Mumbai sugar prices unchanged on thin trade.
Prices of sugar flat in the wholesale markets of Delhi and Mumbai due to thin trade.
Mustard seed prices up in Jaipur on bargain buys.
Prices of mustard seed up 30 rupees in Jaipur due to bargain buying by market participants after a recent fall in prices. Arrivals across the country 11,050 tonne vs 10,625 tonne.
India June mustard crushing 550,000 tonne, down 23% on month.
Oil mills in the country crushed 550,000 tonne mustard seed in June, 23% lower from the previous month. Mills had crushed about 712,500 tonne the oilseed in May. Oil mills have crushed about 2.9 million tonne mustard since the start of the crushing season since Feb 15, as against total arrivals of 3.4 million tonne during the period.
CBOT soybean futures erase all losses, up 0.3%.
Futures contracts of soybean on the CBOT traded higher due to concerns over poor growth of the sown crop amid dry weather in the US. The most active August contract on the CBOT traded at $9.89 per bushel, up 0.3% from the previous close. Futures of the oilseed had declined in the electronic trade because of profit booking by investors, after prices hit a three-month high, and due to a firm dollar against the euro.
Soy up in Indore on high meal prices, low supplies.
Prices of soybean in Indore rise by nearly 50 rupees as supplies of the oilseed declined and because soymeal quoted higher. Arrivals in Indore 80 tonne vs 100 tonne.