Tamil Nadu sugar output seen up a tad, but still at historic low.
Centre-south Brazil 2017-18 sugar output 36.06 mln tn, up 1.2% on yr.
Centre-south Brazil 2017-18 sugar output 36.06 mln tn, up 1.2% on yr.
Fall in arrival lifts soybean prices in Indore
Soybean prices rose in Indore, Madhya Pradesh due to a fall in arrivals and improved demand from oil millers. The most active May soybean contracts on the NCDEX was up 0.7%.
South Korea rice output forecast to decline.
South Korea rice output forecast to decline.
Malaysia CPO ends flat; CBOT soy down, ringgit weak
Crude palm oil futures on Bursa Malaysia Derivatives settled largely flat as losses due to weakness in soyoil contracts on CBOT were offset by gains from a weak ringgit against the dollar. Prices of crude palm oil and soyoil typically move in tandem as the commodities are used as substitutes. Weakness in the Malaysian currency makes the commodity cheaper for buyers holding other currencies. The most active June contract of crude palm oil on the Malaysian bourse closed at 2,431 ringgits (40,936.63 rupees) per tn, down 0.1% from the previous close.
NCDEX chana stocks up ahead of staggered delivery
Stocks of chana, barley and coriander rose at the exchange warehouses ahead of staggered delivery period in the April contract.
Chana up in Delhi on improved demand from stockists
Prices of chana were up in Delhi due to improved demand from domestic stockists and dal millers after a recent fall in prices. Procurement of pulse by the government and a fall in arrivals also supported prices of the commodity.
RBI clears Cash Credit Limit Rs 18,124 crore for wheat purchase in Punjab.
RBI clears Cash Credit Limit Rs 18,124 crore for wheat purchase in Punjab.
Ukraine wheat exports down 4% year-on-year at 14.4 MMT.
Ukraine wheat exports down 4% year-on-year at 14.4 MMT.
Australia ships 763,733 tonnes bulk wheat in February.
Australia ships 763,733 tonnes bulk wheat in February.
CBOT wheat falls over 1% as traders book profit.
CBOT wheat falls over 1% as traders book profit.
India rice basmati slides on reduced offtake.
India rice basmati slides on reduced offtake.
Philippines group warns vs rice importation.
Philippines group warns vs rice importation.
Bangladesh’s rice import volume to drop by one-fourth.
Bangladesh’s rice import volume to drop by one-fourth.
Jaipur mustard seed dn on low demand from crushers
Prices of mustard seed fell in Jaipur due to weak demand from crushers and oil millers. A fall in supply, however, cushioned the decline in prices.
Bangladesh Rice Production Scenario for MY-2018-19.
Bangladesh Rice Production Scenario for MY-2018-19.
Soybean in Indore falls on low demand from crushers
Soybean prices in Indore fell due to subdued demand from oilseed crushers.Farmers are offloading stocks because they are in need of money ahead of the wedding season. The most active May soybean contracts on the NCDEX were down 0.8%.
Govt may levy 1-2 rupees/kg cess on sugar to fund export incentives.
Govt may levy 1-2 rupees/kg cess on sugar to fund export incentives.
Philippine soybean meal imports up 5.45% in 2018
The continuous expansion of the livestock and poultry industry in the Philippines may increase the country’s imports of soybean meal (sbm) this year by 5.45% or a record high of 2.9 million tonnes. The projected imports are higher by 15,000 tonnes than the 2.75 tonnes recorded in 2017, driven by strong feed demand from the expanding hog and poultry industries. The US still remains the top source of sbm for the Philippines.
Spot sugar prices fall as selling pressure increases.
Spot sugar prices fall as selling pressure increases.