Andhra Pradesh government ti provide Rs 200 bonus per quintal of maize.
China sells wheat at auction of state reserves
China sells wheat at auction of state reserves
Govt disposes of 7 lakh tonne pulses from buffer stock.
The Centre has disposed of around 7 lakh tonne of pulses so far from a buffer stock of 20.50 lakh tonne. Around 7 lakh tonne of pulses including tur has been sold so far. The efforts are made in order to clear the old stock and create space for new crop.
US Soybean crop acreage down
US acreage for soy in 2018 to fall 1% 89 million acres. US Soybean stocks beginning of March 2.107 billion bushels. USDA private sale of 266,500 MT of soybeans to unknown destinations for 17/18 delivery. Export Sales report showed just 317,511 MT in old crop sales. 69,717 MT for new crop sales. Soy meal sales 184,052 MT, with soy oil at 34,589 MT.
Soybean imports may hit record high this year
The country’s soybean imports this year are likely to touch a record high of around 1 lakh tonne and this trend is expected to continue. India produced around 83-85 lakh tonne of soybean at the end of 2017, down from more than 110 lakh tonne a year ago. According to market sources, deals have been signed to buy up to 100,000 tonne of soybean mainly from Ethiopia and Benin in Africa. India has concessional import duty agreements with these countries. Deals have been reportedly signed at $410-520 a tonne for delivery to Indian ports.
Brazil’s soybean harvest has reached 71%.
Brazil’s soybean harvest has reached 71% up six percentage points in the week and just short of last year’s figure of 74% at this time of the harvest. In the North/Northeast, the harvest of the 2017/18 harvest reached 25% in Bahia, 50% in Maranhao, 56% in Tocantins, 40% in Piaui, 27% in Para and 97% in Rondonia.
Marathwada sugar mills open in full force, Kolhapur mills and operations for the season.
Marathwada sugar mills open in full force, Kolhapur mills and operations for the season.
Govt mandates mills to export 2 mln tn sugar this year ending Sep.
Govt mandates mills to export 2 mln tn sugar this year ending Sep.
Fall armyworms invade over 18,000 hectares of maize production in Ethiopia.
Fall armyworms invade over 18,000 hectares of maize production in Ethiopia.
South Africa projected to harvest more than 12-million tonnes of maize in 2018.
South Africa projected to harvest more than 12-million tonnes of maize in 2018.
India rice prices rise on muted supply; lack of deals weighs on Thailand.
India rice prices rise on muted supply; lack of deals weighs on Thailand.
Nigeria rice farmers want effective policy banning rice importation.
Nigeria rice farmers want effective policy banning rice importation.
Russian wheat prices remains steady.
Russian wheat prices remains steady.
Japan to cut wheat imports due to higher prices in 2018/19.
Japan to cut wheat imports due to higher prices in 2018/19.
GASC buys 475,000 mt of Russian and Romanian wheat for April-May.
GASC buys 475,000 mt of Russian and Romanian wheat for April-May.
FCI to procure 5 lakh MT more wheat from Punjab state.
FCI to procure 5 lakh MT more wheat from Punjab state.
Kota coriander prices flat on low demand
Prices of coriander were flat in Kota, Rajasthan, due to subdued buying. As the last working day the financial year ending March, there was not much trading.
India will make decision on Myanmar beans quota by month-end
At the government’s request, India will make a much needed decision on a new import quota for Myanmar-produced pulses and beans by the end of this month. Myanmar exports 80 percent of its beans and pulses to India. However, due to an oversupply in its own backyard, India last year imposed a quota on all Myanmar imports, resulting in steep falls in the price of locally produced beans. The collapse in the prices of beans and pulses in Myanmar has had a big impact on farmers so the government has asked for a new quota from India so that farmers can export their crops.
Govt approves urad procurement in Andhra Pradesh, Tamil Nadu
The government has approved procurement of 100,000 tn urad in Andhra Pradesh and 3,000 tn from Tamil Nadu during the ongoing rabi season. The government will also purchase 32,000 tn moong from farmers in Andhra Pradesh. The minimum support price, at which the government procurement takes place, is 5,400 rupees per 100 kg for urad, and 5,575 rupees per 100 kg for moong. The move comes in the wake of high domestic supplies due to a bumper pulses output in 2016-17 (Jul-Jun) and anticipation of a record high crop this year as well.
Tur prices up in Akola on low supply, millers demand
Prices of tur rose in the benchmark Akola market due to a fall in arrivals and a rise in demand from dal millers. In Akola, Maharashtra, prices of tur were up 50 rupees. Arrivals of the commodity were down.