Wheat prices fall in Delhi as arrival up, demand low.
Ukrainian spring crop planting lags, corn down 48% on last year.
Ukrainian spring crop planting lags, corn down 48% on last year.
Bihar maize steady as demand firm, arrivals rise
Bihar maize steady as demand firm, arrivals rise
Barley prices rise in Jaipur on stockists’ demand
Prices of barley rose in Jaipur, Rajasthan, due to improved demand from domestic stockists amid shrinking supplies of the grain. Rising demand from malt industries also supported prices. Despite peak arrival season, supplies have declined because farmers are holding the produce in anticipation of a further rise in prices.
Delhi chana up on dal millers’ buys, low arrivals
Chana prices were up in Delhi due to improved demand from dal millers and lower arrivals of the commodity in the market. The most-active May contract on the NCDEX was up 0.7%. Higher marking of chana in the April delivery is also indicating revival of the demand.
Madhya Pradesh offers 100 rupees/100 kg incentive on MSP for chana
Madhya Pradesh government has announced an incentive of 100 rupees per 100 kg on minimum support price of chana to registered farmers of the commodity. The incentive is valid for the crop harvested in 2017-18 (Jul-Jun) rabi season. The state government is giving the incentive to the farmers registered under Krashak Samruddhi Yojana. The minimum support price and the incentive would be credited directly into the accounts of farmers.
Tur prices fall in Akola on weak demand
Prices of tur fell in Akola due to subdued demand from dal millers.
Brazil ’18-19 sugar export seen down at 21.3 mln tn
Exports of sugar from Brazil in 2018-19 (Apr-Mar) are likely to fall by 6.5 mln tn on year to 21.3 mln tn. This is because sugar production is expected to be down sharply due to lower processing
Record Indian sugar output pressuring prices, sugarcane debts rising ISMA
India’s sugar production is expected to top 29.5 million mt in the 2017-18 season, the highest amount on record, which is pressuring domestic prices. Retail prices have decreased 8% since November to an average of Rupee 38.88/kg (58.84 cents/kg).
Sugar production in state at all-time high, but price crash a major worr
This year, Maharashtra has broken a record and touched the highest sugar production in its history at 105.58 lakh tonnes. By the end of the season in May, sugar output in the state is set to hit 107-108 lakh tonnes. The previous record was in 2014-15 at 105.14 lakh tonnes. But the glut is worrying for sugar factories and cane farmers. Sugar prices have crashed by Rs1,000 per quintal from Rs3,600 to Rs2,600. This is making it hard for factories to pay cane farmers the price set by the Centre at Rs2,550 per tonne. Pending dues to the state’s cane farmers are at Rs2,277 crore.
EU awards 14,824 t wheat, 4,000 t barley under import quotas.
The European Union this week awarded 14,824 tonnes of reduced-tariff imports of wheat of any origin, except Canada and the United States, under an annual quota. The EU also granted 4,000 tonnes of duty-free imports of Ukrainian barley under a separate quota.
Iraq buys Australian wheat from Cargill at $298/mt CFR
The Iraqi Ministry of Commerce bought 100,000 mt of Australian wheat from Cargill at $298/mt CFR.
Haryana seals borders as wheat prices crash in neighbouring states
With huge quantities of wheat from Delhi, Uttar Pradesh and Rajasthan finding its way into Haryana owing to crashing of prices there. The state government ordered sealing of its porous borders with these states. The Palwal grain market, that has proximity to these three states, has been closed for further procurement after it was discovered that 3.73 lakh metric tonne of wheat has already been procured against 2.98 lakh MT purchased during the entire season last year. Some traders in grain markets of Delhi, UP and Rajasthan, where the prices of wheat have dipped Rs 150 to Rs 200 below the MSP, have been making an easy buck by selling wheat purchased from there in our mandis.
South Africa’s 2018 maize output seen up 3 pct on previous estimate
South Africa is expected to harvest three percent more maize in 2018 than previously estimated after late rains in the western part of the maize belt boosted yields. The government’s Crop Estimates Committee (CEC), which will provide its third production forecast for the 2018 crop on Wednesday, is seen pegging the harvest at 12.75 million tonnes, up from the 12.42 million tonnes it forecast in March. Late rains, particularly in western growing areas, have helped yields after an unexpected onset of dry conditions in the key maize-growing provinces of North West and the Free State in January had raised concerns for farmers.
Soybean prices tad up in Akola, unchanged in Indore
Soybean prices were slightly up in Akola due to bargain buying by oilseed crushers. The most active soybean contracts were slightly up tracking gains in the spot. However sharp gains were capped because of weakness in the soybean contracts on CBOT.
Mustard seed at 2-wk high in Jaipur as supply falls
Prices of mustard seed hit a two-week high in Jaipur, Rajasthan, due to a fall in arrivals along with improved demand from stockists. Improved demand for mustard meal from domestic and overseas buyers also supported prices of the oilseed.
Groundnut dn in Rajkot on weak demand; arrivals rise
Prices of groundnut fell in Rajkot, Gujarat, as demand from the cattle feed industry remained lacklustre and arrivals rose. Weak demand from domestic oil millers and overseas buyers also weighed on prices of groundnut seed.
Madhya Pradesh disburses 16.7 bln rupees for wheat, paddy incentives.
Madhya Pradesh disburses 16.7 bln rupees for wheat, paddy incentives.
Thailand rice export price rises in week.
Thailand rice export price rises in week.
South Korea’s feed sector holds out for corn at $220/mt to fire buying.
South Korea’s feed sector holds out for corn at $220/mt to fire buying.