Prices fall 5 rupees in the key wholesale markets of Mumbai and Kolhapur due to weak buying even as mills lowered their prices to trigger demand. Prices of the sweetener in the key spot markets Delhi and Muzaffarnagar were unchanged amid thin trade.
India Paddy sowing in 2017-18 at 152,000 hactare so far, down 1.3%.
Sowing of paddy in 2017-18 has declined 1.3% on year to 152,000 hactare. Paddy sowing has commenced in Tamil Nadu, Assam, and Nagaland. The normal area covered under the paddy for the period under review is around 165,000 haactare.
Telangana rabi paddy buys at record high 2.6 million tonne so far 2016-17.
Telangana has procured a record high 2.6 million tonne of paddy so far in the 2016-17 rabi season. The state had procured 729,000 tonne of paddy in the 2015-16 rabi season. Production of the cereal was at 4.2 million tonne in rabi season, higher than expectations of 3.7 million tonne. Till now Rs. 3917.46 crores (39.17 billion rupees) worth of 25.95 LMTs (2.6 million tonne) paddy has been purchased from 4,45,373 farmers from 2,979 purchase centers. Another 1.0-1.5 million tonne paddy is expected to be procured by the end of May.
Bangladesh gets lowest offer of $427.85/T in rice import tender.
Bangladesh received the lowest offer of $427.85 a tonne from Dubai-based Sukhbir Agro Energy Ltd in a tender to import 50,000 tonnes of parboiled rice.
Philippines to import 250,000 tonnes of rice in June.
The Philippines issue a tender to import 250,000 tonnes of the grain next month, to boost low stockpiles before the lean harvest season and to offset potential crop damage during the typhoon season.
India Maize down in Bihar as supplies recover post rainfall.
After rising in the last few days, maize prices in Bihar benchmark Purnea market fell due to a rise in arrivals after rainfall in parts of the state faded away. Around 3,000 tonne of maize arrived in markets up from 2,000 tonne on previous close. On NCDEX rabi maize contracts traded higher because of high demand for the coarse grain stored in warehouses from poultry and starch feed manufacturers. The June maize contract ended up 0.6% from the previous close.
Dairy body to buy 1,050 tonne maize via e-auction.
The National Cooperative Dairy Federation of India buy 1,050 tonne maize through a reverse electronic auction on Friday.
U.S. corn planting seen 85 % complete.
U.S. corn planting was seen at 84 percent complete, slightly behind market expectations. showers have threatened some corn seedlings. This is the largest corn re-plant season in many years, mostly in the eastern and southern Corn Belt.
CBOT CORN – Up 1 to 2 cents bushel.
Supported by concerns that storms in the eastern Corn Belt this week could slow fieldwork as well as flood some areas that have already been seeded, damaging recently planted crops. Most-actively traded July contract hit highest since May 4 overnight, breaking through 100-day moving average. CBOT July corn was last up 2 cents at $3.74-1/2 a bushel. The most active corn futures on the Chicago Board Of Trade rose 0.1 percent to $3.75-1/2 a bushel, having gained 0.7 percent in the previous session when prices hit a high of $3.77-1/2 a bushel.
Russian wheat export prices up on Egypt purchase, strong rouble.
Egypt state grain buyer GASC bought 295,000 tonnes of wheat in last week tender, including 60,000 tonnes of Russian wheat at $198 a tonne free on board (FOB) and $10.49 freight.
Egypt procures 2.33 million tonnes of local wheat since start of harvest.
Egypt, the world largest importer of wheat, has procured 2.33 tonnes of wheat from local farmers since its harvest began in mid-April. Egypt consumes 9.5 million tonnes of wheat to make its subsidised bread – 4 million tonnes from the local harvest and 5.5 million tonnes from imported wheat.
New Delhi Wheat prices softened.
New Delhi Wheat prices softened; by Rs 8 or 0.49 per cent to Rs 1,637 per quintal in futures trade on weak cues from spot markets.
CBOT Trends-Wheat up 2-3 cents.
Heavy rains in U.S. Plains, which damage crop in key production areas, supporting prices. CBOT July soft red winter wheat was last up 3 cents at $4.38-1/4 per bushel. K.C. July hard red winter wheat last up 3 cents at $4.41 and MGEX July spring wheat last up 2-3/4 cents at $5.58-1/2.
Groundnut seed down in Gujarat on weak export demand.
Groundnut seed down in Gujarat on weak export demand.
Traders say 5% GST rate for edible oils not to affect prices.
Traders say 5% GST rate for edible oils not to affect prices.
Mustard seed down in Jaipur on high supply, low buys.
Mustard seed down in Jaipur on high supply, low buys.
Soybean prices fall as Brazilian currency slumps.
Soybean prices fall as Brazilian currency slumps.
NCDEX soybean up 1% on cues from spot markets.
NCDEX soybean up 1% on cues from spot markets.
Tur fails to recover despite stock cap removal, proposed hike in MSP.
Tur fails to recover despite stock cap removal, proposed hike in MSP.
Delhi chana down on weak demand from dal millers.
Delhi chana down on weak demand from dal millers.