Prices of soybean fell in Indore, Madhya Pradesh, owing to lacklustre demand from domestic oil millers and crushers. A rise in arrivals of the oilseed also weighed on prices.
Another wheat shipment for Afghanistan arrives in Iran’s Chabahar from India.
Another wheat shipment for Afghanistan arrives in Iran’s Chabahar from India.
Mustard seed down in Jaipur on weak demand for meal
Prices of mustard seed fell in Jaipur due to subdued demand for mustard meal and oil from domestic stockists. A surge in arrivals also put pressure on prices of mustard seed. In Rajasthan, arrivals of the oilseed were estimated at 275,000 bags.
French wheat quality continues to slide as March cold snap bites.
French wheat quality continues to slide as March cold snap bites.
Oilseed stocks in Russia down 3.5% on the year as of early March
Russian growers held 2120 KMT of oilseeds as of March 1, 2018 that is 77 KMT (3.5%) less than at the same time last year (2197 KMT). The oilseed stocks decreased by 453 KMT in February. Grower stocks of sunseed totaled 1215 KMT, i.e. 189 KMT (13.5%) less that at the same time last year (1404 KMT). The sunseed stocks decreased by 275 KMT in February.
US winter wheat recovers further on rains.
US winter wheat recovers further on rains.
Brazil showed 8.814 MMT in soybean exports during March, 1.85% lower than a year ago.
Sugar cane arrears in India jump to 170 billion rupees.
Sugar cane arrears in India jump to 170 billion rupees.
India 2017-18 chana crop seen at 9 mln tn, up 17%
India’s chana output in 2017-18 (Jul-Jun) is seen rising 17% to 9.0 mln tn due to a rise in acreage and prospect of better yields.
Amid sugar glut, ISMA says unable to generate funds for paying farmers on time.
Amid sugar glut, ISMA says unable to generate funds for paying farmers on time.
Chana prices down in Delhi, Bikaner; unch in Indore
Chana prices fell in Delhi and Bikaner because of expectation of a rise in arrivals in the coming days.
EU sugar companies struggle to survive as prices plunge post-quotas.
EU sugar companies struggle to survive as prices plunge post-quotas.
Maharashtra procures around 139,915 tn tur from farmers at MSP
Maharashtra has so far procured around 139,915 tn tur from 116,245 farmers in the state at the minimum support price of 5,450 rupees per 100 kg. The Centre has approved the state to procure a maximum of 446,800 tn tur under the price support scheme to reduce price volatility in the market. Prices of tur had declined because of a spike in arrivals of the fresh crop, while demand from dal millers has been subdued.
Tur prices down in Akola, Kalaburagi on low demand.
Tur prices in Akola and Kalaburagi fell due to sluggish demand from millers. Trade has been sluggish due to lack of clarity about quantitative restrictions on sale of most pulses. Prices of most pulses have been under pressure for the past few months due to ample supply in domestic market.
Barley up in Jaipur on demand from feed sector
Prices of barley rose in Jaipur, Rajasthan, owing to improved demand from poultry feed industries and domestic stockists. A fall in arrivals further supported prices.
South Africa rains bolster late corn plantings, early corn suffers.
South Africa rains bolster late corn plantings, early corn suffers.
Saudi Arabia buys 1 million mt of barley, pays 2.4% more
Saudi Arabia’s state grain buyer SAGO bought 1.02 million mt of barley at tender, paying 2.4% more than at its previous tender five weeks ago. SAGO paid an average $249.23/mt for seventeen 60,000 mt cargoes to be delivered into ports on the Red Sea and Gulf between mid-May and the end of June. The price paid shows the rally in global barley prices of late on the back of tightening supply, with SAGO paying an average $243.47/mt CFR for 960,000 mt at its previous tender in mid-February. With prices ranging from $238.47-$257.47/mt.
US corn prices climb on bullish USDA crop acreage estimate report.
US corn prices climb on bullish USDA crop acreage estimate report.
Turkey stepped up Ukrainian barley imports by 26%
Ukrainian exporters supplied 4.01 MMT of barley to foreign markets in the first eight months of the current marketing year that is 14% less than at the same time last season (4.67 MMT in July-February 2016/17). February barley exports were 53% less than in the previous month and down 67% on the year (201.9 KMT was shipped abroad in February 2017). The top importers of Ukrainian barley included Saudi Arabia, China, the European Union and Libya. The share of Turkey continues growing. Ukraine supplied over 167 KMT of barley to this market at the time, i.e. 26% more than for the entire last season.
Maharashtra seeks Centre’s nod to buy 20,000 tn more maize for PDS.
Maharashtra seeks Centre’s nod to buy 20,000 tn more maize for PDS.