Chana prices were down in Delhi and Bikaner because of low demand from dal millers. Expectations of higher acreage under chana this season is seen weighing on prices. The most active December futures of chana on the NCDEX were down 1%.
Procurement woes, unseasonal rain dampen Bengal paddy farmers.
Procurement woes, unseasonal rain dampen Bengal paddy farmers.
Mumbai Oct pulses imports up 241% YoY on fears govt may impose duty.
Inbound shipments of pulses at Mumbai’s Nhava Sheva port increased over threefold on year in October as traders fear the government may soon impose more restrictions on imports. As much as 485,646 tn pulses arrived at the port in October, 241% more than 142,488 tn in the year ago period. On a month-on-month basis, the rise in imports is almost fourfold. The government early this month imposed 50% customs duty on yellow peas. Traders expect similar action may be taken for chana and masur too.
Govt nod to paddy buying by commission agents, Uttarakhand, farmers feel cheated.
Govt nod to paddy buying by commission agents, Uttarakhand, farmers feel cheated.
India Cabinet allows export of pulses without any restriction.
The Cabinet Committee on Economic Affairs lifted all restrictions on export of pulses. The cabinet panel has also empowered a committee headed by the food secretary to review the import-export policy on pulses and consider measures such as quantitative restrictions (on imports) and changes in import duties depending on domestic production, demand and international markets.
Pakistan can capture India’s $ 260 mln rice share in EU.
Pakistan can capture India’s $ 260 mln rice share in EU.
India Govt raises base import price of all edible oils.
The government today raised the base import price of all edible oils, with the steepest increase of $23 per tn in crude soyoil. The base import price for crude palm oil and refined, bleached and deodorised palm oil were raised by $8 per tn each.The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Oct 31. India is a net importer of edible oils. In 2015-16 (Nov-Oct), it imported a record 14.6 mln tn of edible oils.
Iraq says buys 90,000 MT of US rice in direct deal.
Iraq says buys 90,000 MT of US rice in direct deal.
Malaysia CPO ends lower on weak export data
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended lower due to a month-on-month decline in the country’s palm oil exports during Nov 1-15. Cargo surveyor Intertek Agri Services today estimated Malaysia’s palm oil exports during Nov 1-15 at 660,465 metric tonne, down 4.3% on month. The most-active January contract of crude palm oil on the Malaysian bourse closed at 2,712 ringgits (42,377.25 rupees) per metric tonne, down 0.2% from the previous close.
Bangladesh cancels rice deal with Cambodia over shipment delay.
Bangladesh cancels rice deal with Cambodia over shipment delay.
CBOT soybean up on bargain buying post 6-week low
Futures contracts of soybean on the CBOT rose in the electronic trade due to bargain buying after the contract hit its six-week low. The most-active January contract of soybean on the CBOT was at $9.6825 per bushel, up 0.1% from the previous close.
Delhi sugar prices drop on ample stocks.
Delhi sugar prices drop on ample stocks.
Gujarat farmers dispose Groundnut below MSP.
As the government delays procurement of Groundnut, farmers are selling Groundnut at an estimated average of Rs 3,500 per quintal in Saurashtra region of Gujarat at prices which are much below the minimum support price (MSP). About a month before poll dates were announced for Gujarat, the state government had announced it would procure Groundnut at Rs 4,500 per quintal and Rs 50 as bonus over and above the central minimum support price. Small and marginal farmers who need money immediately are preferring the open market because there are long waiting lists for sale to government, and the government also takes a couple of weeks for making payment.
India sugar production likely to bounce back from 7-year low.
India sugar production likely to bounce back from 7-year low.
Ukraine Winter rape crops mostly in good condition.
In Ukraine, the beginning of November featured mostly warm weather with rain. Over the ten days, air temperatures peaked at +9-14°С, even at 17°С in Kherson region. Winter rape of optimum and late planting dates is at the stage of rosettes. Early- and ultra-early-sown winter rape hybrids of the intensive type are flowering. The general crop condition is mostly good. Precipitation in October and early November considerably increased moisture content in the topsoil and improved the condition of winter crops.
Thailand raw sugar cash premiums under pressure from higher futures.
Thailand raw sugar cash premiums under pressure from higher futures.
NCDEX coriander up on bargain buying; spot unchanged.
Futures contracts of coriander traded higher on the NCDEX as traders bought more at low prices after the contracts fell nearly 4% in the past eight trading sessions. The most-active December contract was up 0.3% from the previous close. In earlier sessions, prices fell due to weak domestic and export demand. Prices of the spice were largely unchanged in spot markets on the back of weak demand and a fall in supply.
India maize edges up on scattered demand.
India maize edges up on scattered demand.
Pakistan blocking normal access between India and Afghanistan.
Pakistan blocking normal access between India and Afghanistan.
Chhattisgarh govt starts purchasing maize.
Chhattisgarh govt starts purchasing maize.