Rabobank expects sugar output in the European Union o rise to 20.5 million metric tonne in 2017-18 from 16.7 million metric tonne produced in 2016-17. The increase be led by growth of more than 2 million metric tonne in output in both France and Germany, to 5.8 million metric tonne and 4.5 million metric tonne, respectively. USDA’s Europe Union bureau had estimated the sugar output in the region at 20.1 million metric tonne for 2017-18. The expectations of a rise in sugar production in EU can be attributed to the abolition of output quota in September. The last agricultural quota system in place, managing sugar production in the EU, was scrapped on Sep 30, after nearly 50 years.
Nizamabad maize prices seen rising after Diwali.
Nizamabad maize prices seen rising after Diwali.
USDA ups 2017-18 global cotton output estimates to 120.9 mln bales.
USDA ups 2017-18 global cotton output estimates to 120.9 mln bales.
India Soybean, CPO gain on firm spot buying; mustard down.
Futures contracts of the most components in the edible oil basket, barring mustard, traded higher on domestic exchanges owing to firm demand in physical markets. Soybean futures on the National Commodity and Derivatives Exchange rose 0.4% due to a rise in demand by crushers ahead of the five-day Diwali holidays. Soybean prices also rose on reports that the government was likely to procure the oilseed in Maharashtra and Rajasthan to help farmers.
IMD advised to Andhra farmers to spray fungicide on paddy.
IMD advised to Andhra farmers to spray fungicide on paddy.
All-India cotton arrivals up at 60,500 bales as of 12 Oct.
All-India cotton arrivals up at 60,500 bales as of 12 Oct.
Junagadh groundnut seed prices up on crushers demand.
Prices of groundnut seed were up in Junagadh, Gujarat, due to improved demand from domestic crushers and oil millers ahead of festive season. A fall in arrivals, coupled with improved demand from cattle feed industries, further supported groundnut seed prices.
In Amritsar 28% more paddy arrival at mandis this year, say officials.
In Amritsar 28% more paddy arrival at mandis this year, say officials.
India coffee exports during Jan 1- Oct 12.
India coffee exports during Jan 1- Oct 12.
Govt cuts base import price of all palm oils, soy oil.
Govt cuts crude palm oil base import price to $719/metric tonne vs $743/metric tonne. Cuts RBD palm oil base import price to $751/metric tonne vs $780/metric tonne. Cuts crude palmolein base import price to $754/metric tonne vs $785/metric tonne. Cuts RBD palmolein base import price to $757/metric tonne vs $788/metric tonne. Cuts crude soyoil base import price to $824/metric tonne vs $851/metric tonne.
Nepal paddy production projected to grow to record 5.4 MMT, despite massive floods.
Nepal paddy production projected to grow to record 5.4 MMT, despite massive floods.
Brazil body sees lower soybean output in 2017-18.
Soybean production in Brazil during 2017-18 is seen at 106-108 million metric tonne and is likely to account for about 89% of the total crops produced in the country. Brazil produced 114 million metric tonne of soybean in 2016-17. Soybean acreage in Brazil is seen at 34.5 million-35.2 million hactare in 2017-18, nearly 3% higher than the previous crop.
USDA ups estimate for 2017-18 Bangladesh rice imports.
USDA ups estimate for 2017-18 Bangladesh rice imports.
China September soybean imports up 13% on year at 8 million metric tonne.
China imported 8.11 million metric tonne of soybean in September, up 12.8% on year. The country’s import of soybean during the first nine months of this year was also up 15.5% on year at 71.45 million metric tonne. The USDA expects the country to import about 95 million metric tonne of soybean in 2017-2018, up from 92.5 million metric tonne in 2016-2017. The most-active November contract of soybean on the CBOT was at $9.94 per bushel, up 0.2% from the previous close.
USDA sees rains reducing Bangladesh rice output.
USDA sees rains reducing Bangladesh rice output.
Farm minister says Centre to procure kharif urad, moong in Gujarat.
The Centre has approved the Gujarat government’s proposal for procurement of moong and urad crop grown in 2017-18 (Jul-Jun) kharif season. The central government has given approval for procurement of 16,000 metric tonne moong and 20,750 metric tonne urad from farmers in Gujarat at the minimum support price. The government spend 2.01 billion rupees to procure the pulses. The government has decided to procure the pulses as their prices have fallen below the MSP in key markets of the state Minimum support price for urad in 2017-18 was fixed at 5,400 rupees, including a bonus, and for moong, it was fixed at 5,575 rupees, including a bonus. The government had approved procurement of these pulses in Maharashtra late last month.
India wheat price unchanged, as adequate supplies to cater to high festival demand.
India wheat price unchanged, as adequate supplies to cater to high festival demand.
Chana prices up in Delhi, Bikaner as demand revives.
Chana prices rose in Delhi and Bikaner because of a slight recovery in demand due to ongoing festivals.
IMD advised to Maharashtra farmers to sow wheat in Nov.
IMD advised to Maharashtra farmers to sow wheat in Nov.
Urad prices up in Delhi on demand from millers.
Prices of urad in Delhi were up because of demand from millers and gains in other pulses. Reports of procurement of the pulse by the government agencies are also creating positive sentiment.