CBOT wheat down 1% on poor demand for US grain.
Govt is said to plan domestic sale of pulses to prevent rotting.
India is likely to sell about 1 million tonnes of pulses domestically to avoid its stockpiles rotting in warehouses. The government is attempting to sell the reserves in the open market and to some states and organizations such as railways and defence forces.
NCDEX coriander down after prices hit 1-week high.
NCDEX coriander down after prices hit 1-week high.
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.
Economists say Vietnam focuses too much on rice exporting.
Economists say Vietnam focuses too much on rice exporting.
India Soybean ends over 2% down, CPO up on Malaysian cues.
Futures contracts of key components of the edible oil basket traded mixed, with soybean and mustard ending lower and refined soyoil and crude palm oil trading higher on domestic exchanges. After hitting a three-month low of 2,841 rupees per 100 kg during the day, futures contracts of soybean on the National Commodity and Derivatives Exchange closed 2.2% lower due to higher supply of the new crop in Madhya Pradesh and Maharashtra.
Kenya animal feeds manufacturers to import yellow maize duty free.
Kenya animal feeds manufacturers to import yellow maize duty free.
NAFED to auction 12,799 tonne mustard via NCDEX e-Markets.
The National Agricultural Cooperative Marketing Federation of India has offered 12,798.68 tonne of mustard seed for auction through NCDEX e-Markets. The oilseed was procured under the price support scheme to support farmers. The pulse is stocked at godowns of Central and State Warehousing Corp in Hissar, Rewari, Mohindergarh, and Narnaul in Haryana.