Prices of chana rose in Bikaner, Rajasthan, due to lower supplies amid a slight increase in demand from dal millers. Inventories in Rajasthan have fallen as the season draws to an end, and new crop arrivals will only start from mid-March.
NCDEX coriander ends up on firm demand for new crop
Futures contracts of coriander on the NCDEX ended higher because of firm domestic demand for the new crop. The most active April contract of coriander on NCDEX ended up 0.1%. Prices also gained as pace of the arrivals is also low this year, compared to the corresponding period last year, due to lower production and delayed harvesting.
NCDEX barley down tailing benchmark spot market
Futures contract of barley fell on the NCDEX due to lower prices of the grain in Jaipur, the benchmark market in Rajasthan. On NCDEX, the most-active April contract was at 1,430 rupees per 100 kg, down 0.59%. Stockists have raised the demand for imported barley, which is cheaper and of better quality.
Myanmar fixes 2018 paddy price at K500,000 per 100 baskets.
Myanmar fixes 2018 paddy price at K500,000 per 100 baskets.
Late arrival of winter to impact Black Sea wheat.
Late arrival of winter to impact Black Sea wheat.
Iran to buy wheat for flour exports.
Iran to buy wheat for flour exports.
Skymet warns of rains, hailstorms in Madhya Pradesh.
Skymet warns of rains, hailstorms in Madhya Pradesh.
Mustard prices rise in Jaipur on millers’ demand
Prices of mustard seed rose in Jaipur, the benchmark market, due to improved demand from domestic oil millers and crushers. A fall in arrivals also supported the prices. Production of the oilseed in the country has been pegged lower in 2017-18 (Jul-Jun), which is creating bullish sentiment in the market.
Govt may mull wheat import duty hike in first fortnight of April.
Govt may mull wheat import duty hike in first fortnight of April.
Soybean dn in Indore on sluggish demand from millers
Prices of soybean were down in Indore, Madhya Pradesh, as demand from millers remained sluggish. India’s soymeal exports in February declined 64.5% on year to 73,816 tn. Lower demand from crushers was weighing on soybean contracts. The most active April futures contract was down 1.1% at 3,808 rupees per 100 kg on the NCDEX.
Farmers bodies to launch satyagraha March 14 to highlight MSP issues.
Farmers bodies to launch satyagraha March 14 to highlight MSP issues.
Govt OKs 11.5-bln-rupee fund for crop residue mgmt in north India
The Union government enhanced the procurement quantity from 2,65,200 tonnes to 3,64,600 tonnes. The enhanced procurement quantity was 50% of the total estimated production under PSS during the Kharif season of 2017-18 in the State. The Union government had initially approved the procurement of 1,65,750 tonnes in December last year against the total expected yield of about 9,02,000 tonnes grown in 8.85 lakh hectares in the State.
Malawi may renew maize export ban.
Malawi may renew maize export ban.
India Oilmeals exports drop 47 per cent during February 2018
Export of oilmeals during February 2018 has dropped by 47% in comparison to February 2017 to 161,969 tons. The overall export of oilmeals during April 2017 to February 2018 provisionally is reported at 2,677,536 tons compared to 1,714,984 tons during the same period of last year – up by 56%.
Brazil corn export rush edges out soybean at main grain ports.
Brazil corn export rush edges out soybean at main grain ports.
Argentina soy sales fall 10% on year
The value of Argentina’s soy export sales in 2017 were down by 10.2% versus 2016, while wheat sales doubled between 2015 and 2017. Total 2017 export soy sales, comprising sales of meal, oil and beans, amounted to $15.54 billion, the lowest value recorded in the last four years. Soybean meal sales accounted for $9.05 million, of which nearly a third of that was sold to the EU. Soybean oil sales came in at $3.73 billion, with just under half going to India, while soybean sales were $2.73 billion, of which 88% was picked up by China.
Corn rally prompts EU to cut corn and sorghum import duties.
Corn rally prompts EU to cut corn and sorghum import duties.
Farm minister says may not need to import pulses in coming yrs
India may not have to import pulses in coming years as domestic production is rising sharply. Improved our local production of pulses in past couple of years to around 23 mln tn from 16 mln tn with the help of agricultural scientists. According to the second advance estimate of government, the country’s pulses production is seen rising to a fresh high of 23.95 mln tn in 2017-18, from a record 23.13 mln tn a year ago.
Cuba resumes sugar exports as milling stabilizes.
Cuba resumes sugar exports as milling stabilizes.
Rain, hailstorms seen in Madhya Pradesh in 24 hrs
Madhya Pradesh may receive rain, thundershower, and hailstorm over the next 24 hours. Rain and thundershowers with chances of hailstorm are expected to occur over Anuppur, Betul, Chhatarpur, Chhindwara, Damoh, Dindori, Harda, Hoshangabad, Jabalpur, Katni, Mandla, Narsinghpur, Panna, Raisen, Rewa, Sagar, Satna, Sehore, Seoni, Shahdol, Sidhi, Singrauli, Tikamgarh and Umaria.