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.
Soybean in Indore down as arrivals rise
Soybean prices in Indore, Madhya Pradesh were down as arrivals of the oilseed in the state rose. Expectations of rise in the arrivals in the coming days are also seen weighing on the sentiment. The most active November soybean contract was slightly up 5 rupees from the previous close.
Malaysia Oct 1-25 palm oil exports 1,177,939 tonnes
Malaysia’s palm-oil exports during the October 1-25 period are estimated to be up 8.55% on month at 1,177,939 metric tons.
MMTC to auction 1,633.5 metric tonne urad via NCDEX e-markets
MMTC to offer 1,633.5 metric tonne of urad imported from Myanmar and 393 metric tonne of tur imported from Malawi, for auction through NCDEX e-markets. The pulses which are to be auctioned are stocked at the Central Warehousing Corp, and other godowns in Tamil Nadu and Maharashtra.
Farm secretary says late rains may boost rabi sowing
Late rains in different parts of the country are likely to boost sowing of rabi crops. The country’s rabi production may also surpass last year’s level. India had produced 137.2 million metric tonne food grain in rabi season in 2016-17(Jul-Jun). However, late rains might have caused minor damages to kharif sown crops, which the government had factored in its first advance estimate. Farmers in the country are likely to harvest 134.67 million metric tonne of kharif food grain in the current crop year, down from a record 138.52 million metric tonne harvested in 2016-17.
Farm minister says wheat import duty hike proposal sent to finance ministry.
Farm minister says wheat import duty hike proposal sent to finance ministry.
India govt approves Rs 110 hike in wheat MSP to Rs 1,735 per quintal for this year.
India govt approves Rs 110 hike in wheat MSP to Rs 1,735 per quintal for this year.
India raises 2018 local wheat purchase price by 6.8%.
India raises 2018 local wheat purchase price by 6.8%.
Iran increased wheat bran imports from Kazakhstan.
Iran increased wheat bran imports from Kazakhstan.
Ethiopia issues tender to buy 0.2 MMT wheat.
Ethiopia issues tender to buy 0.2 MMT wheat.
Sugar down in north India on start of cane crushing operations
Prices of sugar fell in the key wholesale markets of northern India because various mills in the region have started cane crushing operations, which weighed on market sentiment. Demand for sugar is also low and has kept prices under pressure.
Sri Lanka floats international tender for 0.2 MMT of rice.
Sri Lanka floats international tender for 0.2 MMT of rice.
Sugar industry fears strain as UP, Maharashtra look to revive defunct mills
The sugar industry fears pressure on capacity utilisation even as the country’s largest sugar-producing states
Low yielding Ukrainian corn harvest to push prices higher.
Low yielding Ukrainian corn harvest to push prices higher.
ICE cuts maintenance margin requirement for sugar 11
The ICE has reduced the maintenance margin requirement for sugar 11 contract by $168. For member, customer omnibus and hedge accounts, initial and maintenance margin requirements are $952, respectively. For all other customer accounts, the initial margin requirement is $1,064, while the maintenance margin required is $952.
CBOT corn ends firm after finding technical support.
CBOT corn ends firm after finding technical support.
Sugar Futures Advance on Bullish Brazil Report
Sugar futures rose, buoyed by a supportive report from Brazil cane crush industry. Raw sugar futures for March delivery climbed 2.9% to settle at 14.28 cents a pound on the ICE Futures U.S. exchange. Brazilian sugar mills in the country’s center-south region produced slightly less sugar than expected in the first half of October, due to lower prices and wet weather during the period.