Sugar prices up in north India on festival demand.
Ram Gopal Yadav (9 years ago)

Prices of sugar were up in the key wholesale markets of north India amid increased bulk demand. Even though the sentiment for the coming days is bearish due to onset of crushing season, brisk spot buying ahead of Diwali has supported prices.

Dwarikesh sugar expects 12-15% increase in crushing & production numbers.
Ram Gopal Yadav (9 years ago)

With the festive season upon us and as the new crushing season begins later this month, the sugar stocks are in focus. Dwarikesh Sugar Commenced this quarter with opening stock of 9.78 lakh quintals of sugar and have already sold nearly 8.5 lakh quintals. The sales have been brisk and the average price of sugar for the quarter has been around Rs 36.50- 36.75 per kg. For the new sugar season expect a 12-15 percent increase in crushing numbers and a similar increase in production. For the last year the company produced 33 lakh quintals of sugar. ISMA has estimated output is at 25 million tonnes for the year.

Sugar mills hoping for recovery in ethanol blending with petrol this year.
Ram Gopal Yadav (9 years ago)

After slowing down to a mere 2.5 per cent last year, sugar mills are hoping for a recovery in ethanol blending with petrol this year, due to a significant increase in cane output and thereby proportionate improvement in the availability of extra-neutral of alcohol (ENA). ENA is a derivative of sugar manufacturing and a pre-form of ethanol.

SEA sees Gujarat 2017-18 kharif groundnut crop at record 3.15 metric tonne.
Ram Gopal Yadav (9 years ago)

Output of the oilseed in the state for kharif season is estimated to be higher because of adequate and timely rainfall with no reports of crop disease. Output of groundnut in the state in 2016-17 kharif was also at a high of 2.94 metric tonne. Output of groundnut in the state in 2016-17 kharif was also at a high of 2.94 metric tonne. Meanwhile, carryover stocks of the oilseed as of September end are estimated at around 160,000 metric tonne. The association also sees lower export of groundnut seed and oil in Oct-Sep because of disparity in the international market.

Soybean down on CBOT after hitting 3-mo-high.
Ram Gopal Yadav (9 years ago)

Futures contracts of soybean on CBOT were down in electronic trade after hitting three-month high of $10.0325 a bushel. The fall in prices of the oilseed were due to strength in the dollar against the euro. The most-active November contract of soybean on CBOT was at $9.9475 per bushel, down 0.6%.

Farm minister says rabi pulses output may offset drop in kharif crop.
Ram Gopal Yadav (9 years ago)

Production of rabi pulses in India is expected to offset the fall in output during the kharif season. In its first advance estimate for 2017-18 (Jul-Jun), the government pegged kharif pulses production at 8.71 metric tonne, down 7.5% on year. Last year, we produced around 6.5 metric tonne more pulses. If pulses in the Kharif (this year) somehow lagged, we may try to compensate it in rabi season. In 2016-17, India produced 22.95 metric tonne of pulses, higher than 16.35 metric tonne the previous year.

Jaipur mustard seed up on export demand for meal.
Ram Gopal Yadav (9 years ago)

Mustard seed prices rose in Jaipur, Rajasthan, as demand for the meal from overseas buyers strengthened. Limited supply, coupled with improved demand from domestic oil millers and crushers, also supported mustard seed prices. Likelihood of lower acreage due to warm temperatures in key growing areas is also seen supporting mustard seed prices.