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.
Malaysia raises Nov palm oil export duty to 6.5% vs 6.0% Oct.
Malaysia, the world’s second-largest palm oil producer after Indonesia, has hiked its export duty on palm oil for November. For November, the tax on the export of palm oil be 6.5%, compared with 6.0% in October. When prices of palm oil exceed 2,250 ringgits (34,671.15 rupees) a metric tonne, exports of the commodity by Malaysia incur a multi-tier tax rate of 4.5-8.5%. The most-active December contract on the Malaysian bourse ended at 2,710 ringgits a metric tonne, up 0.5% from the previous close.
USDA raises corn crop on record yields.
USDA raises corn crop on record yields.
Purchase of pulses begins across 101 centres in Rajasthan.
Purchase of moong, urad and soybean has started in 101 purchase centres in the state and efforts are being made to seek the government’s permission for purchasing groundnuts.
Ethiopia treats 0.62 MHa of maize amid armyworm outbreak.
Ethiopia treats 0.62 MHa of maize amid armyworm outbreak.
Akola tur at 3-mo low on low demand from dal millers.
Prices of tur in Akola fell to a three-month low due to sluggish demand from dal millers. Auction of tur by government agencies along with expectations of higher output of the pulse in the country is also seen weighing on prices.
Coriander rises by 1.50% on spot demand, tight supplies.
Coriander rises by 1.50% on spot demand, tight supplies.
Chana down in Delhi, Bikaner on likely higher sowing.
Prices of chana fell in Delhi and Bikaner due to anticipation of higher sowing of the pulse in this season. Higher imports of chana in September at Mumbai’s Nhava Sheva port are also seen weighing on prices. Chana imports at the Mumbai port in September were estimated at 79,667 metric tonne, compared with 20,832 metric tonne a year ago. Chana November futures on NCDEX were down 1%, tracking the downside in spot market.
MCX cotton hits 3-month high as rains disrupt supply.
MCX cotton hits 3-month high as rains disrupt supply.