Japan buys 101,902 tonnes of food wheat via tender.
Haryana seals borders as wheat prices crash in neighbouring states
With huge quantities of wheat from Delhi, Uttar Pradesh and Rajasthan finding its way into Haryana owing to crashing of prices there. The state government ordered sealing of its porous borders with these states. The Palwal grain market, that has proximity to these three states, has been closed for further procurement after it was discovered that 3.73 lakh metric tonne of wheat has already been procured against 2.98 lakh MT purchased during the entire season last year. Some traders in grain markets of Delhi, UP and Rajasthan, where the prices of wheat have dipped Rs 150 to Rs 200 below the MSP, have been making an easy buck by selling wheat purchased from there in our mandis.
Research body suggests shifting cane, rice cultivation to east India.
Research body suggests shifting cane, rice cultivation to east India.
Bihar maize a tad up on firm demand, supply concerns.
Bihar maize a tad up on firm demand, supply concerns.
About 3% of intended US corn acreage planted.
About 3% of intended US corn acreage planted.
Indian rice export in the month of March was 13.03 lakh tons.
Indian rice export in the month of March was 13.03 lakh tons.
Wheat prices fall in Delhi due to higher arrivals.
Wheat prices fall in Delhi due to higher arrivals.
Australian 2018/19 wheat production to rise 12% on year.
Australian 2018/19 wheat production to rise 12% on year.
Wheat production, harvested area forecast lower in China.
Wheat production, harvested area forecast lower in China.
Jordan pays $2.30/mt extra for 50,000 mt of milling wheat in tender.
Jordan pays $2.30/mt extra for 50,000 mt of milling wheat in tender.
Vietnam to import record high corn volume in 2018/19.
Vietnam to import record high corn volume in 2018/19.
Mustard seed up in Jaipur on demand for oil, meal
Prices of mustard seed were up in Jaipur, Rajasthan owing to improved demand for mustard oil and meal from domestic stockists, oil millers and crushers. A fall in arrivals also supported mustard seed prices. Export demand for mustard meal also supported prices in the domestic market.
South Korea’s feed sector holds out for corn at $220/mt to fire buying.
South Korea’s feed sector holds out for corn at $220/mt to fire buying.
Soybean research body sees 2018-19 output up 20% at 14 mln tn.
Output of soybean in the country is likely to increase to 14.0 mln tn in 2018-19 (Jul-Jun) kharif season compared with 11.7 mln tn last year as more area is expected to come under the crop following forecast of normal monsoon. Soybean production will rise if monsoon arrives on time. Normal duration and distribution of rains in key growing areas may also boost the yield of the crop.
Thailand rice export price rises in week.
Thailand rice export price rises in week.
Malaysia CPO up on CBOT soy cues; export data eyed
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives rose marginally, tracking overnight gains in soyoil contracts on CBOT. The most-active July contract was up 7 ringgits at 2,415 (40,825 rupees) ringgits per tn. Prices of crude palm oil and soy oil move in tandem. Overall sentiment for the palm oil, however, remains weak due to expectation of higher output in the second half of the year.
Madhya Pradesh disburses 16.7 bln rupees for wheat, paddy incentives.
Madhya Pradesh disburses 16.7 bln rupees for wheat, paddy incentives.
Tur prices fall in Akola on weak millers’ demand
Prices of tur fell in Akola due to subdued demand from dal millers.
Chana down in Delhi on low demand from dal millers
Chana prices in Delhi were down because of subdued demand from the dal millers. Sufficient stocks at the ports and higher supply of chana is seen weighing on the sentiment.
Govt asks NAFED to transfer some procured pulses to buffer stocks
Around 16 lakh tn (1.6 mln tn) of pulses at present under PSS (price support scheme) and the government has asked NAFED to transfer some stocks to buffer as its size is shrinking. The 2.0-mln-tn buffer stock, created two years back amid extreme volatility in prices, has now fallen to 1.3 mln tn as a part of it was disposed due to low shelf life of around two years.