Soybean prices in Indore fell because of lower demand from crushers who produce soymeal. Lower meal demand is seen pushing prices of the oilseed lower. The most active April futures on the NCDEX, however, rose 2.4%.
Sugar industry expects government to scrap export duty this week.
Sugar industry expects government to scrap export duty this week.
Soybean down in Indore on low demand from crushers
Soybean prices in Indore were down because of lower demand for the oilseed from crushers for production of its derivatives, particularly soymeal. The most active April futures on the NCDEX were down 2.4%. Rajfed announced to purchase mustard, chana, wheat at support price.
Wilmar Sugar makes open offer to buy 26% stake in Renuka Sugars.
Wilmar Sugar makes open offer to buy 26% stake in Renuka Sugars.
NCDEX mustard down 1.7% as arrivals likely to spike
Futures contracts of mustard seed fell 1.7% on the NCDEX due to expectation of a spike in crop arrivals. The most active April futures contract was down 1.7% at 4,167 rupees per 100 kg. Output in Uttar Pradesh and Madhya Pradesh is expected to be higher than estimated.
Centre-south Brazil Feb 16-28 sugar output 5,000 tonne, down 73.8% YoY.
Centre-south Brazil Feb 16-28 sugar output 5,000 tonne, down 73.8% YoY.
Delhi chana prices down on low demand from millers
Prices of chana fell in Delhi because of low demand from millers. Sentiment is likely to remain bearish because of expectation of record high production. The most-active April futures on NCDEX were down 1.6%.
Shares of Indian sugar companies fall by up to 75% due to a sharp fall in prices.
Shares of Indian sugar companies fall by up to 75% due to a sharp fall in prices.
IBGE moves Brazil corn and soy crop estimate up on good weather.
IBGE moves Brazil corn and soy crop estimate up on good weather.
Bihar legislative council witnesses uproarious scenes over inferior maize seeds.
Bihar legislative council witnesses uproarious scenes over inferior maize seeds.
Maharashtra Ex-Food minister Deshmukh slams govt over maize distribution at MSP.
Maharashtra Ex-Food minister Deshmukh slams govt over maize distribution at MSP.
Brazil cuts 2017-18 corn crop estimate to 87.3 MMT.
Brazil cuts 2017-18 corn crop estimate to 87.3 MMT.
Challenges push Kenyan farmers from maize to cane, horticulture.
Challenges push Kenyan farmers from maize to cane, horticulture.
India sugar spot prices down on low bulk demand, selling pressure.
India sugar spot prices down on low bulk demand, selling pressure.
Sugar mills hit as excess production trips supply balance.
Sugar mills hit as excess production trips supply balance.
Copersucar sees Brazil cutting sugar output by 5 MMT.
Copersucar sees Brazil cutting sugar output by 5 MMT.
Brazil center-south sugarcane crush Is 1.78% down from last year.
Brazil center-south sugarcane crush Is 1.78% down from last year.
Federation of Tamil Nadu Rice Mill exempt rice from GST and market cess.
Federation of Tamil Nadu Rice Mill exempt rice from GST and market cess.
Arrival of new mustard in Mandi started in Sirsa, Haryana
As temperatures rise in the season, the crops of mustard crop are ready. Farmers have started harvesting mustard crops. Mustard seeds have been planted in 50 thousand hectares of mustard in the district. Due to the favorable weather conditions, high production of mustard is expected. The arrival of new mustard in Anaj Mandi also started.
Andhra Pradesh paddy farmers face hurdles due to shortage of Paddy Procurement Centres.
Andhra Pradesh paddy farmers face hurdles due to shortage of Paddy Procurement Centres.