Overall, the Centre has procured 29.7 million tonne wheat across the country, up 29.6% on year but short of its initial target of 33 million tonne. In Uttar Pradesh, the largest wheat producing state, the the government has procured 2.7 million tonne wheat, close to target of 3.0 million tonne. In Punjab, the government has crossed the target of 11.5 million tonne and as of Monday, the procurement was at 11.7 million tonne, up 9.9% from a year ago. The government has procured 7.4 million tonne wheat in Haryana, up 10.1% on year, almost achieving the target of 7.5 million tonne.
Wheat prices fall in Indore as govt buying ends.
In Indore, good-quality grain was sold down 5-10 rupees per 100 kg, while mill-quality wheat down 5-10 rupees per 100 kg. Now that government buying has stopped, farmers are bound to bring even the superior quality wheat to markets, leading to rise in supply. So, there is a steeper fall in superior quality wheat. The government has bought nearly 6.7 million tonne wheat from Madhya Pradesh. As of now, the government had no plans to extend the procurement scheme.
Mentha oil prices down in Sambhal as arrivals rise.
Mentha oil prices down in Sambhal as arrivals rise.
Groundnut acreage at 11,000 ha up 124% on year.
Groundnut acreage at 11,000 ha up 124% on year.
India crude oil basket price down $2.10 at $50.63 a bbl.
India crude oil basket price down $2.10 at $50.63 a bbl.
SEA source says April castor oil export at 1-year high on China demand
SEA source says April castor oil export at 1-year high on China demand
Rapeseed stocks in Ukraine down almost by half year-on-year.
Rapeseed stocks in Ukraine down almost by half year-on-year.
Mustard seed futures at 2 year low.
Mustard seed futures at 2 year low.
Soybeans fall as South American production weighs.
Soybeans fall as South American production weighs.
Soybean futures contracts ends over 2% down.
Soybean futures contracts ends over 2% down.
India soybean area 23,200 ha up 13.2% on year.
India soybean area 23,200 ha up 13.2% on year.
NAFED procures 40,086 tonne chana seed.
NAFED procures 40,086 tonne chana seed.
Kharif pulses area 0.112 million ha up 58% on year.
Kharif pulses area 0.112 million ha up 58% on year.
Thailand to align with WTO on sugar quota from November.
Thailand to align with WTO on sugar quota from November.
Centre-South Brazil May 1-15 sugar output 2.11 million tonne, up 1.7% on year.
Centre-South Brazil May 1-15 sugar output 2.11 million tonne, up 1.7% on year.
Monsoon too dictate cane area coverage.
Monsoon too dictate cane area coverage.
227 crore penalty on sugar mills in UP.
227 crore penalty on sugar mills in UP.
Buying at lower levels lifts sugar prices in north India.
Buying at lower levels lifts sugar prices in north India.
Cane acreage 4.65 million ha , up 6.1% on year.
Cane acreage 4.65 million ha , up 6.1% on year.
UP becomes largest sugar producer with 8.75 million tonne.
UP becomes largest sugar producer with 8.75 million tonne.
