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.
Sugar prices down in north on higher output view
Sugar prices down in north on higher output view
West Bengal keen to promote premium quality rice, says Minister.
West Bengal keen to promote premium quality rice, says Minister.
India rice basmati rises on uptick in demand.
India rice basmati rises on uptick in demand.
Vietnam expects to export 6.5 MMT of rice in 2018
Vietnam expects to export 6.5 MMT of rice in 2018
Analyst ups Ukraine 2018 wheat, barley crop, export forecast
Analyst Ukr Agro Consult raised its forecast for Ukraine’s 2018 wheat crop by 4.8 percent to 26.3 million tonnes mostly due to a larger harvested area. The consultancy said in a statement the higher output would allow the country to export 17 million tonnes of wheat in the 2018/19 crop season. This year, Ukraine is likely to harvest 6.4 million hectares of wheat with the average yield of 4.11 tonnes per hectare.
Myanmar state counselor calls for efforts for regaining top rice exporting country status.
Myanmar state counselor calls for efforts for regaining top rice exporting country status.
Jaipur barley at 2-week low on concerns over quality
Prices of barley in Jaipur fell by 10 rupees to a two-week low of 1,390 rupees per 100 kg. Demand from the malt industry and stockists is subdued due to concerns over quality of the domestic stock.
Feed buyers mull switch as Ukraine’s corn price butts against wheat.
Feed buyers mull switch as Ukraine’s corn price butts against wheat.
Lower arrivals lift prices of coriander in Kota
Prices of coriander rose in Kota due to lower arrivals in Rajasthan amid a decline in production in 2017-18 (Oct-Sep).
Argentina approves GMO varieties for corn and soybeans.
Argentina approves GMO varieties for corn and soybeans.
Coriander down on NCDEX as supply seen rising
Futures contracts of coriander on NCDEX fell due to expectations of a rise in supply in markets in the coming days. The most active April contract was at 5,440 rupees per 100 kg, down 0.2% from the previous settlement. Arrivals are seen rising as harvesting of the new crop is underway in full swing in top producers Rajasthan and Gujarat. Export buying activities in the current season is expected to stay steady to lower while import into India is likely to be unchanged mainly from Russia and Ukraine due to uncompetitive prices.
India govt cuts export obligation period for maize to 3 months.
India govt cuts export obligation period for maize to 3 months.
Delhi chana up on improved demand from dal millers
Prices of chana rose in Delhi due to improved demand from dal millers and domestic stockists. In Bikaner, chana was quoted at 3,850 rupees per 100 kg, unchanged. The rise in prices was also because the central government has raised the import duty on chana for the third time so far in 2017-18 (Apr-Mar) to 60% from 40%. The most active March futures on the NCDEX were up 32 rupees.