Food ministry may seek Cabinet OK to push ministries to buy buffer pulses.
Ram Gopal Yadav (8 years ago)

Food and Consumers Affairs ministry is likely to seek Cabinet approval for the disposal of pulses from buffer stock to other ministries at prices higher than the market rate. A direct communication with other ministries has so far not yielded any result because even at subsidized rates, pulses from the buffer stock are expensive than the market price. If the Cabinet approves the proposal, the ministries and their public sector undertakings would have to buy pulses from the food ministry. The food ministry has written to different ministries asking them to purchase pulses from the buffer stock at subsidised rates but they have shown no interest.

Pulses import at Mumbai port up 6% on year to 125,603 metric tonne in September.
Ram Gopal Yadav (8 years ago)

The import of pulses at Mumbai’s Nhava Sheva port in September increased 6.3% on year to 125,603 metric tonne. The imports of chana and urad surged this year to 79,667 metric tonne and 14,784 metric tonne, respectively. The chana imports in September were largely from Australia, one of the leading exporters of the pulse to India. Tur imports declined and that of urad and moong increased last month despite restrictions imposed by the government.

NAFED procures 3,392 metric tonne of kharif moong in 3 states.
Ram Gopal Yadav (8 years ago)

The National Agricultural Cooperative Marketing Federation of India has procured 3,392 metric tonne of moong grown in the kharif season under the price support scheme in Telangana, Karnataka and Rajasthan. Over 3,000 farmers have been benefitted from the procurement drive that started mid September in Telangana, and later extended to Karnataka and Rajasthan.

Brazilian cane crush, sugar output down in late September -Unica.
Ram Gopal Yadav (8 years ago)

Mills in centre-south region crushed 40.3 million metric tonne of cane during the second fortnight in September, down 5.2% from the same period a year earlier. During the period, they produced 2.9 million metric tonne of sugar and made 2 billion liters of ethanol. Brazil is the world’s largest producer of the sweetener and its centre-south region produces 90% of the country’s sugar.

NCDEX mustard up on short covering, export demand.
Ram Gopal Yadav (8 years ago)

Futures contracts of mustard seed on NCDEX rose due to short covering by traders as prices declined in the last two trading sessions. The most-active November contract was up 0.6% from previous close. Expectations of higher mustard meal exports during September is likely to support mustard seed prices.

Soybean down in Indore market on rise in supply.
Ram Gopal Yadav (8 years ago)

Prices of soybean fell in the benchmark market of Indore, Madhya Pradesh, due to rise in supply. Weakness in spot prices also weighed on the futures. The most-active November soybean contract on NCDEX was down 0.1% from the previous close.