Prices of barley hit a one-week high in the benchmark market of Jaipur due to a fall in arrivals and improved demand from stockists. Demand from poultry feed industries also supported prices of the commodity. Subdued demand from malt manufacturing companies and imports of the coarse grain from Argentina, however, capped gains in prices.
Tur prices dn in Akola on weak demand from millers.
Prices of tur fell in the benchmark market of Akola due to subdued demand from dal millers. Uncertainty over the government’s decision to procure additional tur is also seen weighing on prices. In Akola, tur was sold at 3,800 rupees per 100 kg, down 50 rupees from while arrivals unchanged at 1,500-2,000 bags (1 bag = 100 kg).
NCDEX chana down on sluggish buys from dal millers
Futures contracts of chana fell on the NCDEX because of sluggish demand from the dal millers in the domestic market and reports of slow progress of government procurement. A weak sentiment is seen due to talks that Maharashtra government is insisting local traders buy chana at the minimum selling price, causing trade participation to reduce
Sugar cooperatives seek at least 1,000 rupees/100 kg export subsidy.
Sugar cooperatives seek at least 1,000 rupees/100 kg export subsidy.
Govt not keen on sugar export subsidy; seeks ways to boost prices.
Govt not keen on sugar export subsidy; seeks ways to boost prices.
Sugar prices fall in Maharashtra on high stocks, weak demand.
Sugar prices fall in Maharashtra on high stocks, weak demand.
Indonesian mill buys Canadian spring wheat for July shipment.
Indonesian mill buys Canadian spring wheat for July shipment.
South Africa’s wheat import tariff revised downward by 45%.
South Africa’s wheat import tariff revised downward by 45%.
Indonesia buys rice from Pakistan.
Indonesia buys rice from Pakistan.
India’s non-basmati exports rise 34% on Africa’s import demand.
India’s non-basmati exports rise 34% on Africa’s import demand.
Russian wheat exports remain on target despite small setback.
Russian wheat exports remain on target despite small setback.
Govt procures 6.7 MMT wheat so far this season, down 25% on year.
Govt procures 6.7 MMT wheat so far this season, down 25% on year.
Wheat purchase by FCI set to stay below 20% in Punjab.
Wheat purchase by FCI set to stay below 20% in Punjab.
India pitches for soybean, sugar exports to China amid US trade dispute.
India pitches for soybean, sugar exports to China amid US trade dispute.
India sugar mills unlikely to get export subsidy.
India sugar mills unlikely to get export subsidy.
China’s first round corn stock auction clears 3.3 MMT.
China’s first round corn stock auction clears 3.3 MMT.
Corn planting started in Romania.
Corn planting started in Romania.
Russia will not raise wheat export duty after July 1.
Russia will not raise wheat export duty after July 1.
Haryana agencies procure 24 LMT wheat from mandi.
Haryana agencies procure 24 LMT wheat from mandi.