Spot sugar prices fall as selling pressure increases.
Brazilian 2017/18 soy production to hit new record of 119m mt
The forecast is up from Agrural’s view last month of 117.9 million mt and from last year’s record harvest of 114.4 million mt. The higher production is based on a planted area of 34.7 million hectares with an average yield of 3.4 mt/ha.
US weekly corn exports surge, while soybeans tail off: USDA
US weekly corn exports surge, while soybeans tail off: USDA
Soybean production, imports in Bangladesh projected to increase
Soybean area and production levels for marketing year (MY) 2018/19 -July to June) in Bangladesh are projected to increase to 80,000ha and 152,000 tonnes respectively, due to a switch from Boro rice production. Soybean planting area and production estimates for MY 2017/18 are lowered to 60,000ha and 114,000 tonnes due to unsuitable conditions for planting at the optimal time, and the shift of land to Boro rice cultivation due to an expected higher harvest price. Meanwhile, MY 2018/19 soybean and soymeal imports are estimated to increase to 1.1 million tonnes and 550,000 tonnes respectively, to keep pace with demand in the feed industry, as well as growth in the livestock and fisheries sectors.
U.S. corn shipments soar to a record amid trade concern, drought.
U.S. corn shipments soar to a record amid trade concern, drought.
Tur prices flat in Kalaburagi; Akola market shut
Prices of tur were flat in Kalaburagi in Karnataka, despite a fall in arrivals, as supply was enough to meet demand.
Govt to procure chana, masoor, mustard from farmers in Uttar Pradesh
Chana, masur, and mustard grown in Uttar Pradesh during the 2017-18 (Jul-Jun) rabi season. The procurement decision comes in the wake of weak prices of these commodities because of high supply.
NCDEX coriander dn 4th day in row on lack of buyers
Coriander futures on NCDEX declined for the fourth consecutive day and hit a one-week low of 5,120 rupees per 100 kg today because there were very few buyers in the market. The most active May contract of coriander was down 1% from the previous close. Prices may fall by 5 rupees a kg more by May as there is no requirement for coriander as imports are entering India unabated, Whatever is coming at auctions is going into cold storage. However, prices remained steady in Ramganj, the benchmark market, as weak demand was negated by a slump in arrivals.
Rain in North affect wheat harvest; quality may take a hit, too.
Rain in North affect wheat harvest; quality may take a hit, too.
NCDEX mustard seed hits 3-mo low tailing spot mkt
The most active April contract of mustard seed on the NCDEX hit a three-month low of 3,897 rupees per 100 kg, tailing losses in the benchmark market of Jaipur in Rajasthan. Prices of mustard seed were down in Jaipur due to a rise in arrivals amid weak demand from stockists.
Rains likely to delay wheat harvest in Punjab, Haryana.
Rains likely to delay wheat harvest in Punjab, Haryana.
Mustard seed prices down in Jaipur as arrivals rise.
Prices of mustard seed were down in Jaipur due to a rise in arrivals amid weak demand from stockists. However, a rise in demand for mustard meal from overseas buyers cushioned the fall in prices of the oilseed in the domestic market.
India maize futures climb 2.88% on upbeat spot cues.
India maize futures climb 2.88% on upbeat spot cues.
India crushes 800,000 tn mustard seed in March, double on month
Oil mills across the country have crushed 800,000 tn of mustard seed in March, more than double from last month.
Markfed to purchase maize at MSP from Telangana.
Markfed to purchase maize at MSP from Telangana.
Soybean up in Indore on good demand, low arrivals
Soybean prices rose in Indore because of demand from crushers amid lower arrivals. Strong cues from soybean contracts on CBOT also helped domestic prices higher.
Maize unchanged in Purnea; demand firm but quality poor.
Maize unchanged in Purnea; demand firm but quality poor.
Tur prices flat in Akola on steady supply, demand
Prices of tur were flat in Akola, the benchmark market, as supply was enough to meet demand.
Spot sugar prices fall further on selling pressure.
Spot sugar prices fall further on selling pressure.
Australia says nil chana export to India after it levied import duty
India did not import any chana in February from Australia as compared to 675 tn in January and 20,999 tn in December after the former levied a customs duty. India is traditionally, Australia’s biggest chana importer. India had imposed a 60% customs duty on chana in March to curb cheaper imports and support prices. Overall, exports of chana from Australia in February were at 50,832 tn as compared to 58,190 tn in January. However, exports from Australia to other destinations particularly Bangladesh have increased in the above months.