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.
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.
Australia’s Jan chana export seen down 22% on month.
Australia’s chana exports in January are estimated at 62,781 tn, down 22% on month. The fall in exports is attributed to lower imports by India, the biggest market for Australian chana. In January, India imported a total of 675 tn of the commodity, down from 21,000 tn in December.
NCDEX coriander hits 2-month low as arrivals seen up
Futures contracts of coriander on NCDEX hit an over two-month low of 5,222 rupees per 100 kg because arrivals of the spice are seen rising from major producing states such as Rajasthan, Madhya Pradesh and Gujarat in coming days. The most-active April contract of coriander on NCDEX traded down 2.2%.
Procurement of wheat may cross 32 MMT.
Procurement of wheat may cross 32 MMT.
Rajasthan government to purchase wheat at MSP of INR 1,735/qtl.
Rajasthan government to purchase wheat at MSP of INR 1,735/qtl.
Farm secy says govt may up 2017-18 wheat crop view to over 98 MMT.
Farm secy says govt may up 2017-18 wheat crop view to over 98 MMT.
French wheat condition cut again on cold weather.
French wheat condition cut again on cold weather.
Madhya Pradesh loses GI tag claim for Basmati; India may ask Pakistan to check farming.
Madhya Pradesh loses GI tag claim for Basmati; India may ask Pakistan to check farming.