Chana prices rose in Delhi because of demand from dal millers along with lower supplies. In Delhi, the benchmark market for chana, prices were up at 4,500 rupees per 100 kg, up 50 rupees. Arrivals of chana in Delhi were down at 225-300 tn as against 450-525 tn. Demand is likely to improve in the coming weeks due to upcoming festivals. Chana August contract on NCDEX was up 1.3% at 4,226 rupees per 100 kg, tracking gains in the spot market.
NCDEX barley down tailing Jaipur spot market.
Futures contracts of barley were down on NCDEX, tailing weakness in the benchmark spot market of Jaipur. On NCDEX, the most-active August contract was at 1,608 rupees per 100 kg, down 0.16%. Prices of barley fell in Jaipur due to sluggish demand from stockists after prices hit a three-week high of 1,400 rupees per 100 kg.
Jaipur barley down as rise in prices hit demand.
Prices of barley were down in Jaipur due to sluggish demand from stockists after prices hit a three-week high of 1,400 rupees per 100 kg. In the benchmark market of Jaipur, barley was sold for 1,380 rupees per 100 kg, down 20 rupees. Subdued demand from malt industries and talks of imports of the grain from Argentina following concerns over quality of the domestic stocks also weighed on prices. However, limited supplies and demand from poultry feed sector, cushioned the fall in prices. Arrivals were unchanged from Monday at 800-1,000 bags (1 bag = 85 kg).
Kharif paddy area down 12% YoY at 19.8 mln ha.
Farmers across the country have sown paddy across 19.76 mln ha this kharif season as of Thursday, down 12.4% on year. The area under paddy was also below the average area of 22.40 mln ha for the period. The fall in acreage can be attributed to lower sowing in top growing states of Uttar Pradesh, West Bengal, Odisha, Bihar, and Jharkhand. Weak monsoon rains in West Bengal, Bihar, Jharkhand, and eastern parts of Uttar Pradesh slowed the process of sowing. Eastern Uttar Pradesh had received 298.1 mm rainfall during Jun 1-Jul 30, 25% below normal. Overall monsoon rains in eastern and northeastern India during Jun 1-Jul 30 was 555.4 mm, 28% below normal.
Jaipur barley prices at 3-wk high on limited supply.
Prices of barley hit a three-week high in Jaipur due to limited supplies in the market and as demand from domestic stockists and poultry feed industry improved. In the benchmark market of Jaipur, barley was sold for 1,400 rupees per 100 kg, up 20 rupees. Arrivals were unchanged from Saturday at 800-1,000 bags (1 bag = 85 kg). However, concerns over quality of the domestic stock restricted demand from malt makers, thereby, capping gains in barley prices.
China sells 2,000 T of imported wheat at auction of state reserves.
China sells 2,000 tonnes of imported 2013 wheat at auction of state reserves at average price of 2,405 yuan ($352.28) per tonne. Sale represents 0.11 percent of total wheat available at the auction.
Pakistan’s basmati rice exports increased by 19.14 percent.
During the period under discussion, Pakistan has improved its rice exports as compared to previous corresponding period. The exports during the period July-June 2016-17 stood at 496,263 metric tons valuing at $453.441 million. Pakistan’s basmati rice have seen a considerable 19.14 percent growth in quantity exported as compared to the previous period. Collectively, 4.106 million tons rice worth $2.073 billion was exported in the last 12 months if the last financial year, however, 3.523 million tons of rice valuing $1.606 billion was recorded during the corresponding previous financial year. The overall growth of rice exports stood at 26.78 percent.
Telangana Kharif paddy procurement expected to be 30 lk tons.
The Telangana government 30 lakh tons of paddy was expected to be procured from farmers during this years Kharif season in the state and asked its civil supplies department to prepare an action plan for it. A total of 107.92 lakh tons of paddy was purchased from 22.18 lakh farmers during 2016 Kharif, 2017 Rabi and Kharif and 2018 Rabi seasons.
More farmers switching to paddy in Telangana.
With the decision of the State government to provide irrigation facility to the ayacut of Musi project for kharif season, farmers of 42 villages in Suryapet and Nalgonda district under left and right canals are now switching from cotton to paddy cultivation. Out of 35,000 acres of ayacut under left and right flank canals of Musi project, cultivation of paddy was taken up by the farmers in majority of ayacut area in view of irrigation facility.
India tur acreage down 4.4% on yr at 3.5 mln ha.
India tur acreage was down 4.4% on year at 3.5 mln ha. Area in Maharashtra, the largest producer, has been lower at 1.05 mln ha due to erratic rainfall. However, in Karnataka, the acreage has been higher as farmers are assured of getting the minimum support price. Area under tur in Karnataka as of Wednesday was up 9.5% on year at 806,000 ha.
Tur markets at Akola, Kalaburagi shut.
The market in Akola, the benchmark market for tur, was closed due to disagreements among some traders and officials of the Agricultural Produce Market Committee regarding payments via e-NAM. A meeting between both the sides was underway. The market in Kalaburagi, a key market for the commodity, was shut on account of a local festival.
Chana prices rise 1.17% on firm spot demand.
Chana prices went up by 1.17 per cent to Rs 4,219 per quintal in futures trade as participants created fresh positions, driven by rising demand from dal mills in the spot market. Besides, tight stocks positions following drop in arrivals from producing regions fuelled the uptrend. At the National Commodity and Derivatives Exchange, chana for delivery in September went up by Rs 49, or 1.17 per cent. The rise in chana prices to surging demand in the spot market against restricted supplies from producing regions.
Govt to look into pulse import in which Glyphosate used.
Food Minister Ram Vilas Paswan said he would look into the import of pulses in which Glyphosate herbicide has been used.
Prices of select grains rise on increased offtake.
Prices of select bold grains advanced by up to Rs 30 per quintal at the wholesale grains market due to increased offtake by consuming industries. Increased offtake by consuming industries amid pause in arrivals from producing regions, mainly attributed the rise in select bold grain prices. In the national capital, barley rose by Rs 10 to rs 1590-1600 per quital.
Punjab fails to cut down area under rice cultivation.
Despite setting a target to bring down by over one lakh hectares (lh) area under rice cultivation this year, Punjab has failed and acreage under the crop has already reached up to 29.57 lh and is likely touch 30 lh again. Last year, 30.07 lh area was cultivated under rice and this year department had proposed to bring it between 28-29 lh by diverting its area to cotton and monsoon maize crops. But lack of canal water during cotton sowing, increased MSP of assured paddy and poor rate of recently harvested ‘spring maize’ are the contributing factors to increase in area under rice. Till July 23, 2018, the area under rice (the cultivation of which was started on June 20), had reached to 29.57 lh out of which over 23 lh was dedicated under paddy rice (parmal rice) and remaining under basmati rice.
World soybean production in 2018/19 was put at 359 million tonnes
World soybean production in 2018/19 was put at 359 million tonnes, marginally up from a previous projection of 358 million. A small global surplus was anticipated with consumption projected at 356 million.
Rice production is forecast up by 3mn t to 491mn t in 2018-19
Rice production is forecast up by 3mn t to 491mn t in 2018-19, but a rise of 5mn t in global rice consumption to 493mn t places demand above supply, reducing ending stocks by 2mn t.
The IGC kept its forecast for world corn (maize) production
The IGC kept its forecast for world corn (maize) production in 2018/19 at 1.052 billion tonnes, slightly above the prior seasons 1.044 billion, but a second successive global deficit was expected with consumption seen at 1.098 billion. A projected increase in maize largely hinges on a recovery in output in South America where planting for 2018/19 is still some months away.
IGC cuts forecast for world wheat crop to five-year low.
World wheat production is set to fall to a five-year low following significant downgrades to crop prospects in the European Union and Russia. The inter-governmental body cut its forecast for world wheat production in 2018/19 by 16 million tonnes to 721 million, the lowest total since the 2013/14 season. The EU wheat crop was seen at 139.9 million tonnes, down from a previous projection of 147.3 million, with forecasts for the top four producers in the trading bloc, France, Germany, Britain and Poland, all revised down. Russias wheat crop was forecast to fall to 66 million tonnes, down from a previous projection of 70.9 million and far below the prior seasons 84.9 million. Global wheat stocks were forecast to fall to a two-year low of 247 million tonnes with production set to fail to keep pace with consumption in 2018/19 which was seen at 739 million.
Centre-South Brazil Jul 1-15 sugar output 2.39 mln tn, down 23% YoY.
Mills in Brazils centre-south region produced 2.39 mln tn sugar during the first fortnight of July, down 23.3% from 3.11 mln tn in the year-ago period. Mills in the region, which accounts for more than 90% of the countrys total sugar output, crushed 44.88 mln tn of sugarcane during Jul 1-15, down 6.5% on year. During Apr 1-Jul 15, mills in the region crushed 267.42 mln tn of cane, up 8.1% on year. During the same period, they produced 12.14 mln tn sugar, down 14.5% on year. Sugar production in the region during the period was lower despite the rise in crushing because mills diverted more cane towards ethanol, whose prices are more attractive than sugars.