Uttar Pradesh sugar industry seeks cane price rationalisation.
Jaipur barley down on weak demand from stockists
Prices of barley were down in Jaipur, Rajasthan, owing to weak demand from domestic stockists and malt industries. A rise in arrivals of the new crop is also seen weighing on barley prices.
Jaipur mustard seed at 2-month low as arrivals up
Prices of mustard seed in the benchmark market of Jaipur hit a two-month low down 20 rupees, due to a surge in arrivals. Tepid demand from domestic oil millers and crushers is also seen weighing on prices.
USDA raised its oilseed crop forecast for the Black Sea region
The USDA raised the forecast for 2017/18 oilseed production in the Black Sea region. The figure for Kazakhstan’s sunseed crop was adjusted upwards to 903 KMT (+153 KMT), while that for Russian production was cut to 10,362 KMT (-138 KMT). Consequently, the total Black Sea crop ended up slightly higher than in the previous forecast, at 26,515 KMT (+15 KMT). The total soybean crop was increased to 7,596 KMT at the expense of a 121 KMT gain in Russian production (3,621 KMT). The USDA predicts the Black Sea rapeseed crop to total 4,393 KMT (+51 KMT). A substantial crop increase is envisaged in Kazakhstan: up 54 KMT at 279 KMT.
NCDEX chana falls before price deficit scheme launch
Chana futures on the NCDEX fell for the second day ahead of the launch of price deficit scheme in Madhya Pradesh, and also as new crop arrivals began in the state. Price guarantee under the state government’s Bhavantar scheme has made farmers less concerned about the selling price despite a significant lowering of bids by traders.
Tur prices down in Akola on weak demand from mills
Tanzania’s Sh537 billion ($240 million) pigeon pea industry is on a sharp nosedive after India banned import of the legumes from Tanzania in August last year. The unanticipated restriction is now wreaking havoc on hundreds of pigeon pea farmers and traders across the country who are holding hundreds of tonnes of the legume for lack of market. The price of pigeon pea which remained stable at between Sh1,500 and Sh4,000 in the last four seasons has drastically dropped to Sh200 as the result.
India ban hits Tanzania’s pigeon pea farming
Tanzania’s Sh537 billion ($240 million) pigeon pea industry is on a sharp nosedive after India banned import of the legumes from Tanzania in August last year. The unanticipated restriction is now wreaking havoc on hundreds of pigeon pea farmers and traders across the country who are holding hundreds of tonnes of the legume for lack of market. The price of pigeon pea which remained stable at between Sh1,500 and Sh4,000 in the last four seasons has drastically dropped to Sh200 as the result.
NCDEX coriander hits 3-month low on rise in supply
Coriander futures on NCDEX hit a three-month low due to a rise in supply of the new crop. The most active April contract of coriander on NCDEX traded down 0.4% from the previous close.Prices were unchanged in spot markets as higher demand for the new crop consumed the entire supply.
ISMA says India Oct 1-Mar 15 sugar output 25.8 mln tn, up 47% on yr.
ISMA says India Oct 1-Mar 15 sugar output 25.8 mln tn, up 47% on yr.
Madhya Pradesh buys 231 tn of wheat in first two days of procurement.
Madhya Pradesh buys 231 tn of wheat in first two days of procurement.
NCDEX wheat ends down in thin trade, spot prices steady.
NCDEX wheat ends down in thin trade, spot prices steady.
Wheat production in MP, other central States vulnerable to climate change.
Wheat production in MP, other central States vulnerable to climate change.
Thailand to export 9.5 million tons of rice this year.
Thailand to export 9.5 million tons of rice this year.
Corn and wheat US weekly exports top estimates as beans disappoint.
Corn and wheat US weekly exports top estimates as beans disappoint.
India Feb mustard crushing 15% higher on month as arrivals pick pace
Oil mills across the country crushed 375,000 tn of mustard seed in February, up 15% on month. In January, mills had crushed 325,000 tn of the oilseed. Mills increased crushing in February after new crop arrivals in key markets gathered pace as the harvest progressed. New crop mustard arrivals begin in February and gain momentum in March. Till May, arrivals are in full swing and start dwindling June onwards.
Govt to force mills to export 2-4 MMT surplus sugar.
Govt to force mills to export 2-4 MMT surplus sugar.
NAFED begins mustard procurement at MSP in 3 districts of Rajasthan
The National Agricultural Cooperative Marketing Federation of India began procurement of mustard, and has bought 19 tn of the commodity at the minimum support price in three districts of Rajasthan. The fall in mustard prices was due to subdued buying by dal millers, as well as higher arrivals of the fresh crop in major markets. Estimates of a bigger crop also weighed on sentiment.
Sugar prices tumble on ample stocks; weak demand.
Sugar prices tumble on ample stocks; weak demand.
Ukrainian soybean meal exports increased by almost 30%
A total 137.4 KMT of soybean meal was shipped abroad in September-January 2017/18 that is up 28.5% on the year. January exports were higher than last year – 32.8 KMT compared to 22.3 KMT. In September-January 2017/18, the bulk of Ukrainian soybean meal exports went to Belarus and the European Union: 33% and 31%, respectively.
Akola tur prices down on weak demand from millers.
Prices of tur fell in Akola, the benchmark market, due to weak demand from millers. In Akola, Maharashtra, prices of tur were down 50 rupees, adding that arrivals were steady.