Vietnamese Rice prices up in domestic, foreign markets.
Ram Gopal Yadav (9 years ago)

The price of Vietnamese rice has increased strongly in both domestic and foreign markets recently because of high demand and limited supply. In the world market, Vietnamese rice is only priced lower than that from Thailand. Jasmine rice is now priced at US$565-570 per tonne, $65-70 per tonne higher than three weeks earlier. VietNam 5 percent broken rice is selling at $410-420 per tonne, up $35-45 per tonne, while 25 per cent broken rice is fetching $25-30 per tonne higher at $370-375 per tonne. Rice prices have also increased in the domestic market by an average of more than VNĐ1 million ($44) per tonne.

India Govt ups MSP on paddy.
Ram Gopal Yadav (9 years ago)

Govt ups common grade paddy MSP to 1,550 rupees/100 kg. Govt ups fine grade paddy MSP to 1,590 rupees/100 kg. This comes at a time when the country is facing a glut in major crops and vegetables, which had resulted in subdued prices, leading to widespread protests among farmers in major growing states.

Rabobank sees CBOT wheat prices rising by 10-15% in a year.
Ram Gopal Yadav (9 years ago)

Wheat prices on the Chicago Board of Trade are likely to rise 10-15% to $5 per bushel in a year. The area under wheat has reduced in the US, leading to lower growth in stocks, while in the European Union, yields are not expected to reach the average of recent years due to unfavourable weather. On a global scale, the stocks-to-demand ratio for wheat has reached 33%, which Rabobank said was too high, adding that a high ratio would dampen prospects of a significant recovery in global wheat prices in the coming season.

US Wheat down on easing weather worries.
Ram Gopal Yadav (9 years ago)

Chicago wheat futures slid on Monday as the market took a breather after rallying around 5 percent in the last two sessions on the back of dry weather hitting U.S. yields. Chicago wheat climbed to its highest in almost a year at $4.68-1/2 a bushel on previous close as dry weather threatened to reduce U.S. spring wheat crop production. Reports of disappointing yields in early harvesting of hard red winter wheat provided additional support. There have been weather concerns for corn as well as spring wheat in the U.S.

India Govt buys 3.6 million tonne of wheat in Uttar Pradesh for FY18, up 347%.
Ram Gopal Yadav (9 years ago)

The Centre has procured 3.6 million tonne of wheat from Uttar Pradesh for the 2017-18 marketing year (Apr-Mar), a whopping 347% higher than the previous year. Wheat procurement has almost ended in all states, barring Rajasthan, where the government has extended the purchases till Jun 30. Overall, the Centre has purchased 30.6 million tonne wheat across the country, up 33.5% from a year ago.

India Govt says no plan to hike import duty on wheat.
Ram Gopal Yadav (9 years ago)

The government has no plans to raise import duty on wheat, sugar, or edible oils as of now. A fall in prices of the commodities had led to speculation of hike in import duties. In March, the government had imposed 10% duty on import of wheat to stem the fall in domestic prices.

India Wheat prices unchanged in Delhi amid thin trade.
Ram Gopal Yadav (9 years ago)

Wheat prices were unchanged in Delhi markets amid thin trade. In Delhi, mill-quality wheat was sold at 1,740-1,750 rupees per 100 kg. Demand for the grain has declined as buyers are cautious and do not want to hold inventories ahead of the goods and services tax regime. The July contract on the NCDEX was trading at 1,628 rupees per 100 kg, up 0.5% from the previous close.