Japan Ministry of Agriculture said it would buy 120,000 tonnes of feed wheat to be loaded by July31 and arrive in Japan by Sept. 29, via a simultaneous buy and sell auction that will be held on April5. The tender is usually conducted weekly, but the ministry skipped the tender this week due to an adjustment at the end of the fiscal year that will end on March31. Japan buys and sells its feed wheat via simultaneous buy and sell auction, in which end-users and importers specify the origin, price and quantity of grain, allowing millers to meet their varied needs for the feed grain.
Wheat Tax Would not stopped Imports to Southern India, said Millers.
Flour millers in South India will continue importing wheat from Australia and the Black Sea region even with the 10% duty imposed this week as its cheaper than locally grown supplies. Imports may reach as much as 2 million tonnes in 2017-18 with 80 to 85% likely coming from Australia and the remainder from the Black Sea. Importers will initially try to sell 250,000 tonnes to 300,000 tonnes of wheat stored near Tuticorin Port in the southern state of Tamil Nadu. India is seeking to rebuild stockpiles that plunged 44% in March from a year earlier to 9.43 million tonnes. India has been purchasing high-protein grain from Australia, Russia and Ukraine.
ICRA sees India FY17 basmati exports largely unchanged at 4 million tonnes.
India exports of basmati rice are likely to be around 4 million tonnes in the current financial year that slightly down from 4.04 million tonnes last year. The country exported 3.25 million tonnes in Apr-Jan, down 5.3% on year. Demand from Iran has the potential to provide a fillip to India exports. Average realisations from exports for the current fiscal are likely to be lower at 210 billion rupees, against 227.2 billion in the previous year Prices of basmati rice rise by 20-25% during the recent three-month procurement season that ended December, due to lower supplies and firm demand. Output of basmati in India is estimated to have fallen 23% on year to 6.2 million tonnes in 2016-17 (Jul-Jun), due to a significant reduction in acre. Basmati rice exports is likely to grow to Rs 22,000-22,500 crore and volume to around 4.09 million tonne mainly supported by an increase in average realisations in FY18.
Dairy body buys 4,500 tn de-oiled rice bran.
National Cooperative Dairy Federation of India bought 4,500 tonnes of de-oiled rice bran in three lots through an online auction. The dairy body also bought 200 tonnes of polished rice through the auction. Both purchases were made on behalf of the Karnataka Milk Federation. The National Cooperative Dairy Federation of India, which has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy products.
Jan-Mar recovery may lift India FY17 non-basmati rice exports 3-5%.
Despite a fall in Apr-Jan, India non-basmati rice export growth may end in the positive territory in 2016-17 (Apr-Mar) due to a pickup in demand since January. The fall in export of non-basmati rice had narrowed to 2.6% in Apr-Jan from 6.5% in the first nine months of the current fiscal. Exports of non-basmati rice have picked up in last two months and overall exports are likely to be 3-5% higher than the previous year. The rise in exports may be due to higher output, growth in demand from African countries, and a rise in prices of basmati rice, market. In the previous year, India had exported 6.37 million tonnes of non-basmati rice, and in Apr-Jan 2016 the exports were at 5.21 million tonnes. India estimated to have produced 102.6 million tonnes of non-basmati rice in 2016-17 (Jul-Jun), up from 96.4 million tonnes a year ago.
Philippine farm minister says likely no need to import 250,000 T of rice.
Philippine farm minister expects a bumper rice harvest this planting season, potentially meaning there is no urgent need for the state grains buyer to import 250,000 tonnes of the staple food as planned. The National Food Authority has been looking to import 250,000 tonnes of rice, and wanted the cargo to arrive by end-April to boost thinning stocks ahead of the lean domestic harvest season beginning July.
Rice basmati edges up due to increase in demand.
Rice basmati prices firmed up at the wholesale grains market following pick-up in demand. Pick-up in demand from retailers against restricted supplies from producing regions, mainly led to the rise in rice basmati prices.
NCDEX coriander hits 8-week high on slump in arrivals.
NCDEX coriander hits 8-week high on slump in arrivals.
Low demand weighs on barley prices in Jaipur.
Low demand weighs on barley prices in Jaipur.
Barley exports down 23% from last year in Kazakhstan.
Barley exports down 23% from last year in Kazakhstan.
India needs 120 million tonne rice by 2030.
India needs 120 million tonne rice by 2030.
Guyana cleared for paddy exports to Mexico.
Guyana cleared for paddy exports to Mexico.
Govt to spend Rs225 billion on wheat procurement in Pakistan.
Govt to spend Rs225 billion on wheat procurement in Pakistan.
Syria gets 50,000 tonnes of Russian wheat in aid.
Syria gets 50,000 tonnes of Russian wheat in aid.
Govt imposes 10% import duty on wheat with immediate effect.
Govt imposes 10% import duty on wheat with immediate effect.
Amendment Notification to Govt imposes 10% import duty on wheat.
Amendment Notification to Govt imposes 10% import duty on wheat.
NCDEX coriander hits 8-week high on slump in arrivals.
Futures contracts of coriander on the NCDEX rise to an 8-week high of tracking spot prices. Spot prices of the spice rise due to a slump in arrivals of the commodity. Arrivals in Kota become half 7,000 bags (1bag=40kg) from 15,000 bags.
Low demand weighs on barley prices in Jaipur.
Barley prices were down in Jaipur because of subdued demand from feed sector and stockists amid rising arrivals of the coarse grain. New crop arrivals of barley were estimated at 170,000 bags (1bag=85kg) compared with 150,000 bags. Supply of barley has been on a rise because new crop arrivals have gained pace. Barley inventories at warehouses more than doubled to 222 tonnes from 101 tonnes the previous day.
Barley exports down 23% from last year in Kazakhstan.
Kazakhstan barley exports turned down in 2017 and 89.8 KMT of this commodity was shipped for export against 148 KMT 2016 (down almost 40%). Thus, Kazakhstan exported 27% less barley in the five months of the current season compared to the same period a year ago (445 KMT against 609 KMT in September-January 2015/16). Iran remains the top market for Kazakh barley with an export share reaching 90%. Shipments of Kazakhstan barley continue to the US market in which U.S. imported 18.5 KMT of barley from Kazakhstan that is almost twice as much as last season. In Kazakhstan, total barley harvest in net weight was 3.2 MMT in 2016, or 18.5% more than in 2015.
India needs 120 million tonne rice by 2030.
India will need to produce 120 million tonnes of rice in 2030 to feed its one and a half billion plus population using less land, less water, less manpower and optimising all agri input usages. Cultivable land areas are expected to shrink and there will be pressure on resources. Rice is the staple food for more than 60% of Indians. The current production is about 106 million tonnes. (Source: Times of India)