Sugar production in state at all-time high, but price crash a major worr
Ram Gopal Yadav (8 years ago)

This year, Maharashtra has broken a record and touched the highest sugar production in its history at 105.58 lakh tonnes. By the end of the season in May, sugar output in the state is set to hit 107-108 lakh tonnes. The previous record was in 2014-15 at 105.14 lakh tonnes. But the glut is worrying for sugar factories and cane farmers. Sugar prices have crashed by Rs1,000 per quintal from Rs3,600 to Rs2,600. This is making it hard for factories to pay cane farmers the price set by the Centre at Rs2,550 per tonne. Pending dues to the state’s cane farmers are at Rs2,277 crore.

Mustard seed up in Jaipur on demand for oil, meal
Ram Gopal Yadav (8 years ago)

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.

Soybean research body sees 2018-19 output up 20% at 14 mln tn.
Ram Gopal Yadav (8 years ago)

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.

Malaysia CPO up on CBOT soy cues; export data eyed
Ram Gopal Yadav (8 years ago)

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.

Govt asks NAFED to transfer some procured pulses to buffer stocks
Ram Gopal Yadav (8 years ago)

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.

Shrinking supply lifts barley to 3-wk high in Jaipur
Ram Gopal Yadav (8 years ago)

Prices of barley hit a three-week high in Jaipur, Rajasthan, due to shrinking supply along with improved demand from stockists and poultry feed companies. Supplies have declined as farmers hold back their produce expecting a further rise in prices.