Bangladesh has approved purchase of 100,000 tn parboiled rice from India at $455 per tn under a government-to-government deal.The price includes shipping, insurance, and discharge costs.The rice is to be shipped within 60 days after signing the deal, which is likely to happen soon. Bangladesh, the world’s fourth largest rice producer is importing rice aggressively as floods in the country have hit its rice crop as well as stocks.
India Extractors body seeks hike in import duty on edible oils.
Solvent Extractors’ Association of India (SEA) has once again requested the Centre to increase the import duty on edible oils. The demand for a hike in import duty comes in the backdrop of the Gujarat government’s groundnut procurement at ₹900 per 20 kg.
Malaysia CPO ends up tracking gains in CBOT soyoil.
Futures contracts of crude palm oil ended higher on the Bursa Malaysia Derivatives, tracking gains in soyoil contracts on the CBOT. The contracts ended higher for the second straight day due to an on-month rise in Malaysia’s palm oil exports during Oct 1-25. A strong ringgit against the dollar, however, capped the gains. The most-active January contract of crude palm oil on the Malaysian bourse hit an over one-month high of 2,816 ringgits (43,108 rupees) per metric tonne.
NCDEX soybean hits over 3-month low as arrivals rise.
Futures contracts of soybean on the NCDEX hit an over-three-month low of 2,816 rupees per 100 kg as arrivals rose in major spot markets.
NAFED procures 2,317 metric tonne soybeans from farmers.
The National Agricultural Cooperative Marketing Federation of India has procured 2,317 metric tonne of soybean harvested in the kharif season under the price support scheme from farmers in Rajasthan, Telangana, and Maharashtra. NAFED begun procurement operations after market prices fell below the minimum support price of 3,050 rupees per 100 kg.
Rabi crop total acreage rises to 3.9 million ha vs 3.1 million ha year ago.
India’s rabi sowing has started with the total area under key crops of the season rising to 3.86 million ha till last week from about 3.10 million ha around the same time last year. Sowing of rabi crops is higher this year because late rain over different parts of the country has boosted soil moisture level that supported planting. India had produced 137.2 million metric tonne foodgrain in the rabi season of 2016-17 (Jul-Jun). The total area under rabi pulses was around 1.1 million ha and that under oilseeds was 900,000 ha.
NAFED procures 12,859 metric tonne urad, 33,976 metric tonne Moong at MSP.
The National Agricultural Cooperative Marketing Federation of India had procured 12,859 metric tonne of urad and 33,976 metric tonne of moong sown during the kharif season across the country, said an official with the federation. Procurement of pulses from growers in Rajasthan, Telangana, Karnataka, and Maharashtra was underway at the minimum support price under the price support scheme. Higher arrivals of the fresh urad crop and low demand from millers had pushed prices below the minimum support price in many markets.
India Sugar down in Maharashtra on increased selling pressure
Prices of sugar fell in the key wholesale markets of Maharashtra due to increased selling pressure on mills. Cane crushing season is about to begin, so, mills have to pay farmers for the sugarcane they buy so, have selling pressure right now.
MSP hike prevents Indore wheat prices from falling.
MSP hike prevents Indore wheat prices from falling.
Every single grain of bajra will be procured in Haryana.
Every single grain of bajra will be procured in Haryana.
Farmers in quandary as sugar factory decides to down shutters
Delta Sugars Limited (DSL) is all set to down the shutters from the coming cane crushing season that begins in early December, leaving above 2,000 farmers and 350 workers to their fate. The factory management has announced last week that it had decided to shut the factory, owing to above ₹120 crores of loss in the present fiscal.
India’s first shipment of wheat to enter Afghanistan via Chabahar Port.
India’s first shipment of wheat to enter Afghanistan via Chabahar Port.
Procured three times more Bajra than last year, says Haryana govt.
Procured three times more Bajra than last year, says Haryana govt.
UP sugar mills delay cane crushing as molasses stocks pile up
Sugar mills in up have delayed cane crushing as they are sitting on large stock of molasses. At the beginning of the month, mills were carrying around 10 million litre molasses stock with them posing a problem of storage as the new crushing season result in more addition to the existing inventory.
AAP and farmers associations rejects new MSP of wheat.
AAP and farmers associations rejects new MSP of wheat.
Barley products attract health-conscious consumers in Japan.
Barley products attract health-conscious consumers in Japan.
Brazil boosts ethanol output, cuts cane used for sugar
Brazilian mills increased the amount of cane used for ethanol production in the first half of October, and reduced sugar output, taking advantage of better pricing for the biofuel as sugar prices remain weak. Mills in the center-south region, increased the amount of cane they used to produce ethanol to 56 percent in the first half of this month from 53 percent late in September and compared with 50 percent early in October last year. Sugar production of 1.97 million tonnes in the first half of October was 12.2 percent lower than in the same period a year earlier, while ethanol output of 1.57 billion liters was 11.6 percent up.
Ukraine winter wheat sowing 94% complete
Ukraine winter wheat sowing 94% complete
Irish Grain Growers to protest over malting barley prices.
Irish Grain Growers to protest over malting barley prices.
Gujarat government to begin groundnut procurement.
The Gujarat government is set to begin groundnut procurement operations, buying the oilseed at 900 rupees per 20 kg from farmers in the state.