Egypt’s GASC purchase 0.17 MMT wheat for late Nov delivery from Russia.
Chana prices down in Delhi, unchanged in Bikaner.
Prices of chana were down in Delhi on subdued demand from dal millers. Expectations of a rise in the sowing of chana this season amid lower demand is seen creating a bearish sentiment. The most active November contract chana on the NCDEX was up 0.6%.
Maize prices up in Nizamabad, Telangana due to the ongoing state procurement process.
Maize prices up in Nizamabad, Telangana due to the ongoing state procurement process.
Tur tad up in Akola on slight recovery in demand.
Tur prices in Akola rose slightly due to a rise in demand from dal millers and positive sentiment created with the procurement of pulses by the government.
Brazil corn production projected to be down 4.31-5.75% at 92.2- 93.6 MMT.
Brazil corn production projected to be down 4.31-5.75% at 92.2- 93.6 MMT.
NAFED procures 1,870 metric tonne of kharif moong in 3 states.
NAFED started procuring moong as market prices fell below the minimum support price of 5,575 rupees per 100 kg, inclusive of a bonus. Over 1,500 farmers have been benefitted from the procurement drive that was started mid-September in Telangana, and later extended to Karnataka and Rajasthan.
E.U. lowers maize import duty € 5.61/MT
E.U. lowers maize import duty € 5.61/MT
Indore wheat down on poor demand for domestic grain.
Indore wheat down on poor demand for domestic grain.
MCX cotton up 1% tracking gains in ICE cotton.
MCX cotton up 1% tracking gains in ICE cotton.
USDA pegs India 2017-18 rice output at 107.5 MMT, down 2.4% YoY.
USDA pegs India 2017-18 rice output at 107.5 MMT, down 2.4% YoY.
All-India cotton arrivals at 44,000 bales on Oct 06.
All-India cotton arrivals at 44,000 bales on Oct 06.
Unexpected showers hit Cotton and Paddy farmers in Telangana.
Unexpected showers hit Cotton and Paddy farmers in Telangana.
India coffee exports during Jan 1- Oct 6.
India coffee exports during Jan 1- Oct 6.
India Sugar prices up in Mumbai on festival demand, down in Kolhapur.
Prices of sugar rose in the key wholesale markets of Mumbai as demand improved ahead of the festival of Diwali. The rise in prices of the sweetener in Mumbai can also be attributed to the increase in transportation charges due to lack of vehicles. There are no return goods available from Mumbai, unlike other cities. So, the trucks and lorries which bring sugar from Kolhapur prefer cities like Hyderabad.
Chhattisgarh CM distributes rs. 244 crore as paddy bonus for 2 districts.
Chhattisgarh CM distributes rs. 244 crore as paddy bonus for 2 districts.
Dwarikesh Sugar expects sales to rise up to 15 percent on higher crushing.
Dwarikesh Sugar Industries Ltd expects sales to rise by up to 15 percent in the 2017/18 crop year as production in Uttar Pradesh could jump to a record high. The state’s output could jump 14 percent from a year earlier to a record 10 million tonnes. Dwarikesh Sugar produced 330,000 tonnes of the sweetener in the 2016/17 crop year that ended on Sept. 30.
Punjab govt has failed to keep word on paddy payment, say farmers.
Punjab govt has failed to keep word on paddy payment, say farmers.
Rabobank warns on EU sugar prices, as it lifts forecast for world supplies.
Rabobank raised its forecast for the world sugar output surplus in the newly-started season. The bank raised to 4.5m tonnes, from 2.7m tonnes, its estimate for the world production surplus in 2017-18, which began at the start of this month. The revision reflected in part improved expectations for output in Brazil, where the bank quoted an assessment from Unica, the cane industry group, that output in the key Centre South region is now projected to exceed last season’s 35.6m tonnes. Initially, Unica had forecast output of 35.2m tonnes from the Centre South, which is responsible for more than 90% of Brazil’s total sugar output.
Bangladesh to buy 0.25 MMT of rice from Thailand, India.
Bangladesh to buy 0.25 MMT of rice from Thailand, India.
USDA arm sees ’17-18 EU sugar output at 20.1 million tonne.
USDA Europe Union bureau expects sugar output in the region rising to 20.1 million tonne in 2017-18 from 16.5 million tonne produced in 2016-17. The estimate is also higher than USDA’s official estimate of 18.6 million tonne. USDA’s EU bureau has also estimated exports from the region higher on year at 2.5 million tonne. The expectations of a rise in sugar production in EU and export quantities can be attributed to the abolition of output quota in September.