ISMA says India Oct 1-Mar 15 sugar output 25.8 mln tn, up 47% on yr.
NCDEX coriander hits 3-month low on rise in supply
Coriander futures on NCDEX hit a three-month low due to a rise in supply of the new crop. The most active April contract of coriander on NCDEX traded down 0.4% from the previous close.Prices were unchanged in spot markets as higher demand for the new crop consumed the entire supply.
India ban hits Tanzania’s pigeon pea farming
Tanzania’s Sh537 billion ($240 million) pigeon pea industry is on a sharp nosedive after India banned import of the legumes from Tanzania in August last year. The unanticipated restriction is now wreaking havoc on hundreds of pigeon pea farmers and traders across the country who are holding hundreds of tonnes of the legume for lack of market. The price of pigeon pea which remained stable at between Sh1,500 and Sh4,000 in the last four seasons has drastically dropped to Sh200 as the result.
Tur prices down in Akola on weak demand from mills
Tanzania’s Sh537 billion ($240 million) pigeon pea industry is on a sharp nosedive after India banned import of the legumes from Tanzania in August last year. The unanticipated restriction is now wreaking havoc on hundreds of pigeon pea farmers and traders across the country who are holding hundreds of tonnes of the legume for lack of market. The price of pigeon pea which remained stable at between Sh1,500 and Sh4,000 in the last four seasons has drastically dropped to Sh200 as the result.
NCDEX chana falls before price deficit scheme launch
Chana futures on the NCDEX fell for the second day ahead of the launch of price deficit scheme in Madhya Pradesh, and also as new crop arrivals began in the state. Price guarantee under the state government’s Bhavantar scheme has made farmers less concerned about the selling price despite a significant lowering of bids by traders.
USDA raised its oilseed crop forecast for the Black Sea region
The USDA raised the forecast for 2017/18 oilseed production in the Black Sea region. The figure for Kazakhstan’s sunseed crop was adjusted upwards to 903 KMT (+153 KMT), while that for Russian production was cut to 10,362 KMT (-138 KMT). Consequently, the total Black Sea crop ended up slightly higher than in the previous forecast, at 26,515 KMT (+15 KMT). The total soybean crop was increased to 7,596 KMT at the expense of a 121 KMT gain in Russian production (3,621 KMT). The USDA predicts the Black Sea rapeseed crop to total 4,393 KMT (+51 KMT). A substantial crop increase is envisaged in Kazakhstan: up 54 KMT at 279 KMT.
Jaipur mustard seed at 2-month low as arrivals up
Prices of mustard seed in the benchmark market of Jaipur hit a two-month low down 20 rupees, due to a surge in arrivals. Tepid demand from domestic oil millers and crushers is also seen weighing on prices.
Jaipur barley down on weak demand from stockists
Prices of barley were down in Jaipur, Rajasthan, owing to weak demand from domestic stockists and malt industries. A rise in arrivals of the new crop is also seen weighing on barley prices.
Sugar prices tumble on ample stocks; weak demand.
Sugar prices tumble on ample stocks; weak demand.
Govt to force mills to export 2-4 MMT surplus sugar.
Govt to force mills to export 2-4 MMT surplus sugar.
Tamil Nadu adopts revenue sharing sugar price fixation
Tamil Nadu adopts revenue sharing sugar price fixation
Ukraine’s corn market splinters as bids retreat, high offers persist
Ukraine’s corn market splinters as bids retreat, high offers persist
Kenya farmers cry foul as millers import maize from Uganda.
Kenya farmers cry foul as millers import maize from Uganda.
China dominating in rice could offer export opportunities.
China dominating in rice could offer export opportunities.
Madhya Pradesh loses GI tag claim for Basmati; India may ask Pakistan to check farming.
Madhya Pradesh loses GI tag claim for Basmati; India may ask Pakistan to check farming.
French wheat condition cut again on cold weather.
French wheat condition cut again on cold weather.
Farm secy says govt may up 2017-18 wheat crop view to over 98 MMT.
Farm secy says govt may up 2017-18 wheat crop view to over 98 MMT.
Rajasthan government to purchase wheat at MSP of INR 1,735/qtl.
Rajasthan government to purchase wheat at MSP of INR 1,735/qtl.
Procurement of wheat may cross 32 MMT.
Procurement of wheat may cross 32 MMT.
NCDEX coriander hits 2-month low as arrivals seen up
Futures contracts of coriander on NCDEX hit an over two-month low of 5,222 rupees per 100 kg because arrivals of the spice are seen rising from major producing states such as Rajasthan, Madhya Pradesh and Gujarat in coming days. The most-active April contract of coriander on NCDEX traded down 2.2%.