Source says govt mulling to facilitate export of raw sugar in 2018-19.
USDA arm sees Brazil 2018-19 soybean output tad down at 115 mln tn
Soybean output in Brazil is seen at 115 mln tn in 2018-19 (Feb-Jan), down 500,000 tn from a year ago. Brazil produced a record 115.5 mln tn of the oilseed in 2017-18. The department sees sowing area of the oilseed in Brazil at 35.8 mln ha in 2018-19, up from 35.0 mln ha in 2017-18. Despite the record sowing area, production may decline in 2018-19 due to lower yields. Brazil is likely to export 67 mln tn soybean in 2018-19 against a record 69 mln tn a year ago. Production of soyoil in Brazil is seen at a record 8.5 mln tn in 2018-19 because of rise in biodiesel blending and recovery in the domestic economy. Soyoil production was 8.4 mln tn in 2017-18.
Sources say GST Council to mull levying cess on sugar at next meet.
Sources say GST Council to mull levying cess on sugar at next meet.
India wheat futures remain weak on higher supply.
India wheat futures remain weak on higher supply.
Wheat buying tops 20.5 MMT on higher arrivals in UP, Haryana.
Wheat buying tops 20.5 MMT on higher arrivals in UP, Haryana.
No farmer will suffer due to late lifting of wheat: Punjab food minister
No farmer will suffer due to late lifting of wheat: Punjab food minister
USDA arm sees Ukraine wheat output down in 2018-19.
USDA arm sees Ukraine wheat output down in 2018-19.
Canadian wheat varieties reassigned due to gluten strength.
Canadian wheat varieties reassigned due to gluten strength.
India maize futures drop on weak physical demand.
India maize futures drop on weak physical demand.
China corn consumption to rise 15 MMT in 2018.
China corn consumption to rise 15 MMT in 2018.
Romania exported 36% more corn this season.
Romania exported 36% more corn this season.
Paddy transplantation starts from June 20 in Punjab.
Paddy transplantation starts from June 20 in Punjab.
Myanmar ready to implement crop insurance scheme for paddy farmers.
Myanmar ready to implement crop insurance scheme for paddy farmers.
India’s rice stock in central pool is down by 10% from last month.
India’s rice stock in central pool is down by 10% from last month.
Odisha paddy purchase will begin in Sambalpur from May 14.
Odisha paddy purchase will begin in Sambalpur from May 14.
Weekly Edible Oil: Most seen up, soy may gain on higher meal exports
Futures contracts of most components of edible oil basket, barring mustard, are likely to trade higher on the domestic exchanges over the next five sessions. Soybean contracts on the National Commodity and Derivatives Exchange are seen rising due to hope a of rise in demand from China and shrinking supply in spot market.
Indian sugar prices outpace drop in global prices.
Indian sugar prices outpace drop in global prices.
Govt wheat procurement picks up; 1.6% higher YoY at 19 MMT so far.
Govt wheat procurement picks up; 1.6% higher YoY at 19 MMT so far.
Slow lifting of wheat creates glut in Faridkot markets, traders threaten stir.
Slow lifting of wheat creates glut in Faridkot markets, traders threaten stir.
Kazakhstan wheat production to fall 5% as planted area cut back.
Kazakhstan wheat production to fall 5% as planted area cut back.