Tur prices in Akola and Kalaburagi fell due to sluggish demand from millers. Trade has been sluggish due to lack of clarity about quantitative restrictions on sale of most pulses. Prices of most pulses have been under pressure for the past few months due to ample supply in domestic market.
Maharashtra procures around 139,915 tn tur from farmers at MSP
Maharashtra has so far procured around 139,915 tn tur from 116,245 farmers in the state at the minimum support price of 5,450 rupees per 100 kg. The Centre has approved the state to procure a maximum of 446,800 tn tur under the price support scheme to reduce price volatility in the market. Prices of tur had declined because of a spike in arrivals of the fresh crop, while demand from dal millers has been subdued.
Chana prices down in Delhi, Bikaner; unch in Indore
Chana prices fell in Delhi and Bikaner because of expectation of a rise in arrivals in the coming days.
India 2017-18 chana crop seen at 9 mln tn, up 17%
India’s chana output in 2017-18 (Jul-Jun) is seen rising 17% to 9.0 mln tn due to a rise in acreage and prospect of better yields.
Brazil showed 8.814 MMT in soybean exports during March, 1.85% lower than a year ago.
Oilseed stocks in Russia down 3.5% on the year as of early March
Russian growers held 2120 KMT of oilseeds as of March 1, 2018 that is 77 KMT (3.5%) less than at the same time last year (2197 KMT). The oilseed stocks decreased by 453 KMT in February. Grower stocks of sunseed totaled 1215 KMT, i.e. 189 KMT (13.5%) less that at the same time last year (1404 KMT). The sunseed stocks decreased by 275 KMT in February.
Mustard seed down in Jaipur on weak demand for meal
Prices of mustard seed fell in Jaipur due to subdued demand for mustard meal and oil from domestic stockists. A surge in arrivals also put pressure on prices of mustard seed. In Rajasthan, arrivals of the oilseed were estimated at 275,000 bags.
Soybean dn in Indore on weak demand from oil millers
Prices of soybean fell in Indore, Madhya Pradesh, owing to lacklustre demand from domestic oil millers and crushers. A rise in arrivals of the oilseed also weighed on prices.
Trade says rains over next few days crucial for 2018-19 coffee crop.
Trade says rains over next few days crucial for 2018-19 coffee crop.
Cotton Outlook ups estimate for 2018-19 world output to 26.31 mln tn.
Cotton Outlook ups estimate for 2018-19 world output to 26.31 mln tn.
USDA arm pegs Pakistan 2017-18 rice crop at record high of 7.5 mln tn.
USDA arm pegs Pakistan 2017-18 rice crop at record high of 7.5 mln tn.
Pak-Iran rice trade via Dubai continues despite PTA.
Pak-Iran rice trade via Dubai continues despite PTA.
Ministry of Agriculture rejects India rice shipment for pest contamination.
Ministry of Agriculture rejects India rice shipment for pest contamination.
Maharashtra seeks Centre’s nod to buy 20,000 tn more maize for PDS.
Maharashtra seeks Centre’s nod to buy 20,000 tn more maize for PDS.
US corn prices climb on bullish USDA crop acreage estimate report.
US corn prices climb on bullish USDA crop acreage estimate report.
South Africa rains bolster late corn plantings, early corn suffers.
South Africa rains bolster late corn plantings, early corn suffers.
Japan corn imports to remain high.
Japan corn imports to remain high.
Mango, maize crops hit by unseasonal rain in Telangana.
Mango, maize crops hit by unseasonal rain in Telangana.
Egypt refined sugar output will increase by 5%.
Egypt refined sugar output will increase by 5%.
India’s Shree Renuka to attempt sale of Brazil sugar mills again.
India’s Shree Renuka to attempt sale of Brazil sugar mills again.
