Russia will not raise wheat export duty after July 1.
Jaipur mustard tad up on mills’ demand; supply down
Prices of mustard seed in Jaipur were slightly higher because of improved demand from mills. Demand is seen rising as the price gap between mustard oil and other refined oils, particularly palm oil, has narrowed. Mustard futures were marginally in the red due to a rise in stocks at exchange warehouse.
Corn planting started in Romania.
Corn planting started in Romania.
Soybean prices up in Indore on demand from millers
Soybean prices in Indore rose due to demand from oil millers. Gains in soybean contracts on the CBOT are also seen supporting domestic prices.
China’s first round corn stock auction clears 3.3 MMT.
China’s first round corn stock auction clears 3.3 MMT.
Wheat flat in Delhi as low demand matches supply
Wheat prices were largely unchanged in Delhi because absence of demand offset a fall in arrivals.
India sugar mills unlikely to get export subsidy.
India sugar mills unlikely to get export subsidy.
Telangana rabi maize procurement begins, govt buys 5,000 tn so far
Telangana government has started procuring rabi maize from farmers and has purchased nearly 5,000 tn of the grain so far. The government is procuring maize at the minimum support price of 1,425 rupees per 100 kg. The government is targeting procurement of nearly 500,000 tn maize in the state in the current season.
India pitches for soybean, sugar exports to China amid US trade dispute.
India pitches for soybean, sugar exports to China amid US trade dispute.
India Sugar Steady on higher demand at low prices but view bearish
Prices of sugar in key wholesale markets across the country were steady due to higher demand at low prices. Sugar prices have been on a downward spiral since the beginning of the season in October due to expectations of higher production. Mills have been lowering prices due to constant selling pressure but improved demand kept prices steady.
Uttar Pradesh sugar mills fret as molasses slumps to 1 rupee/100 kg
There seems to be no end to the troubles of the sugar industry in Uttar Pradesh. While the mills in the state are already struggling to pay cane farmers due to a dip in sugar prices, there’s a fresh crisis brewing. The prices of molasses in Uttar Pradesh have nosedived to a record low of 1 rupee per 100 kg due to higher production this year and restrictions in their free flow.
ICE raw sugar futures rise 1% due to bargain buying
Futures contracts of raw sugar on ICE rose as investors brought the commodity after prices hit an over 30-month low of 11.93 cents per pound. The benchmark May contract on ICE was up 1.9% at 12.13 cents per pound. Prices of raw sugar had fallen earlier due to concerns that exports from India may add to the global glut.
Chana down in Delhi, Bikaner on slow govt purchases.
Chana prices in Delhi eased further because of subdued government procurement. On NCDEX, the most-active May contract was down 19.
Tur up in Kalaburagi on improved demand; Akola flat
Prices of tur were a tad up in Kalaburagi, a key market, due to improved demand from millers. In Akola, the benchmark market, prices were steadyand arrivals were unchanged.
NCDEX barley up 1% as supplies seen falling
Barley contracts on the NCDEX rose over 1% because a likely fall in output is expected to lead to a decline in supplies. The most-active May contract on the NCDEX was up 1.1%. The landed price of barley is higher than the domestic rate which is encouraging buyers to procure from local market amid lower output of the grain this season.
Kota coriander up on improved demand from stockists
Prices of coriander rose in key markets of Rajasthan as consistent fall in prices in the last few sessions made it attractive for stockists to buy the spice. The most active May coriander on NCDEX, however, traded 1.1% down.
China rough rice productionvn forecast 204.3 mln tn in 2018-19, down 2% from 208.6 mln tn in 2017-18
Ukraine increased rice imports by 71% in the 2017/18 season
Indonesia to buy 50,000 tonnes rice from Pakistan
Bulgaria keeps reducing barley acreage
Similar to other Black Sea countries, spring planting in Bulgaria lags far behind last year due to its delayed start. So, as of March 29, 2018, corn for grain had been sown on 0.5 Th ha versus 14.3 Th ha by the same date in 2017. Spring barley was planted on an area of 0.3 Th ha (2.3 Th ha in 2017). Feed pea plantings already reach 4.3 Th ha (20.0 Th ha) with those of oats totaling 1.1 Th ha (5.4 Th ha).