Canadians buck Chickpea area trend.
Delhi chana down as arrivals surge amid weak demand.
Delhi chana down as arrivals surge amid weak demand.
NCDEX castor seed down nearly 2% as inventories rise.
NCDEX castor seed down nearly 2% as inventories rise.
About 3,380 tonne mustard oilcake trades on NCDEX.
About 3,380 tonne mustard oilcake trades on NCDEX.
Jaipur mustard at 1-month low on likely higher output.
Jaipur mustard at 1-month low on likely higher output.
Soybean prices fall in Indore due to low demand.
Soybean prices fall in Indore due to low demand.
Quality concern drags barley to 3-week low in Jaipur
Quality concern drags barley to 3-week low in Jaipur
ICE sugar futures rise on lower cane area in Brazil.
ICE sugar futures rise on lower cane area in Brazil.
China March sugar imports up 44% year on year.
China March sugar imports up 44% year on year.
Prices of sugar up in Delhi, Muzaffarnagar on improved demand.
Prices of sugar up in Delhi, Muzaffarnagar on improved demand.
Sugar prices steady in Maharashtra in thin trade.
Sugar prices steady in Maharashtra in thin trade.
UP govt warns of action on sugar mills on cane arrears.
UP govt warns of action on sugar mills on cane arrears.
India coffee exports during Jan 1- Apr 21.
The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
All-India cotton arrivals up at 73,800 bales.
Arrivals of cotton in major spot markets across the country were pegged at 73,800 bales (1 bale=170 kg), up from 69,200 bales on previous close.
MCX cotton down as arrivals rise, output seen higher.
Futures contracts of cotton on the MCX fell for the second consecutive session because of rise in arrivals in physical markets and expectation of higher output in 2017-18 (Oct-Sep). The most-active May contract of cotton was (1bale=170 kg), down 0.8% from the previous close. The arrivals of cotton in major spot markets across the country were pegged at 73,800 bales on previous close, higher than 69,200 bales on Thursday. cotton output in India, the largest producer, is estimated to rise 2% to 5.9 million tonne in 2017-18. IMD has forecast the southwest monsoon this year (Jun-Sep) to be normal at 96% of the long-period average, adding to the hopes of higher production of cotton and thus weighing on the sentiments.
NCDEX cotton oilcake down 2% on selling pressure.
Futures contracts of cottonseed oilcake on the NCDEX declined over 2% due to selling pressure as cotton output is likely to increase in 2017-18 (Oct-Sep). India Meteorological Department has projected normal southwest monsoon rainfall in 2017. Good rains boost cotton production. On the NCDEX, the most active May contract of cottonseed oilcake traded down 1.9% from the previous close. In Akola, the benchmark market for cottonseed oilcake in Maharashtra, the commodity was sold down 25 rupees from previous close. In Kadi, Gujarat, the prices were unchanged. Sufficient supply and sluggish demand due to availability of cheaper alternatives for cattle feed also weighed on cotton prices.
NCDEX coriander hits 1-week low on lower demand.
Futures contracts of coriander on the NCDEX extended losses and hit a one-week low because of weak demand from domestic consumers. The fall in prices was also triggered by a 231-tonne rise in inventories at exchange-designated warehouses at 21,402 tonne on previous close. The most active May contract on the NCDEX was down 0.55% from the previous close. In Baran, wholesale market in Rajasthan, the Badami variety of coriander and the Eagle both sold unchanged from previous close. Arrivals were also unchanged at 6,000 bags (1bag=40 kg).
Indian maize prices rise in spot markets on low supply.
The most active June contract of rabi maize on the NCDEX also ended down due to easing weather conditions in Bihar, the largest producer for the current season. The June maize contract on the NCDEX ended down 1.6% from the previous close. Rains in parts of Bihar had disrupted maize supplies to markets and triggered concerns of damage to the crop. Only 300 tonnne of maize arrived in Purnea market down from nearly 2,000 tonne on previous close. Lower supplies also lifted spot prices of the coarse grain and it was sold up 10-15 rupees from previous close.
Indian Wheat prices rise in spot markets on low supply.
Prices of wheat rose in the benchmark market of Indore, Madhya Pradesh, as arrivals fell due to government procurement in the state. In Indore, arrivals had peaked around 20,000 bags (1bag=100kg). Arrivals fell sharply to 5,000 bags. The grain was sold up 20-30 rupees from previous close. The government has procured 3.6 million tonne of wheat in Madhya Pradesh since the beginning of April, up nearly 15% on year. The most active May contract of wheat on the NCDEX ended down 0.9% from the previous close.
Offtake of imported wheat picks up in south India.
The offtake of imported wheat from ports in south India has picked up due to good demand from millers and Stuckists in the region. Traders in south India imported wheat is cheaper than that ordered from northern part of the country. South Indian buyers do not expect prices to fall and are resorting to the imported grain. At present, there is nearly 1.3 million tonne wheat stocked at ports and it is likely to be sold in the next two-to-three months. In south India, imported wheat is available at low cost as compare to domestic wheat costs.