India Farm secy says may review wheat import duty after Oct 15.
Maharashtra to start maize procurement from Nov 1 and will last through Dec 31, 2018.
Maharashtra to start maize procurement from Nov 1 and will last through Dec 31, 2018.
NCDEX coriander dn 1% on weak export, high supplies.
NCDEX coriander dn 1% on weak export, high supplies.
Chana prices down in Delhi, Bikaner on low demand.
Prices of chana were down in Delhi on subdued demand despite ongoing festive season. Expectations of higher sowing this season amid lower demand is seen creating bearish sentiments. Tracking the trend in the spot market, chana futures on the NCDEX hit the 3% lower circuit.
CBOT corn edges higher on technical buying.
CBOT corn edges higher on technical buying.
Karnataka growers disagree with Coffee Board estimate of bumper crop .
Karnataka growers disagree with Coffee Board estimate of bumper crop .
Tur down in Akola as govt may sell stock at low rate.
Tur prices fell in Akola due to concerns over start of sale by the government at lower rates amid expectations of higher yield of the pulse this season.
USDA said private exporters sold 195,000 MT of U.S. corn to unknown destinations for delivery in the 2017/18 marketing year that began Sept. 1.
USDA said private exporters sold 195,000 MT of U.S. corn to unknown destinations for delivery in the 2017/18 marketing year that began Sept. 1.
Cotton Outlook sees 2017-18 US output at 10-year high of 4.5 MMT.
Cotton Outlook sees 2017-18 US output at 10-year high of 4.5 MMT.
India sugar industry overestimated October output.
India sugar output in October is likely to achieve only 40 per cent of the earlier assured quantity. Most mills in UP are now looking to start the crushing season by the last week of October, anticipating a labour shortage ahead of Diwali. With bumper cane availability, the UP government estimates a 10 per cent rise in output this season at 10 million tonnes (mt), a fourth of India’s overall sugar production estimate of 25.1 mt for October 2017-September 2018. Sugar mills in Maharashtra are planning to start the new season from November 1. The delay was aimed to avoid problems in harvesting of cane due to heavy rainfall in September which left fields muddy. Also, actual maturing of cane takes place in October and November.
Ukrainian corn producers eye price recovery in November.
Ukrainian corn producers eye price recovery in November.
India Sugar up in most spot markets as demand rises ahead of Diwali.
Prices of sugar rose in most key wholesale markets of the country due to higher demand ahead of the festival of Diwali. Sugar prices rose in Mumbai as well, as transportation charges have increased due to lack of vehicles. Traders are bullish on sugar prices in the near term due to expectations of further rise in demand from bulk buyers such as sweets makers ahead of Diwali, which celebrated on Oct 19 this year.
Maharashtra commences paddy procurement, to continue until Mar 31.
Maharashtra commences paddy procurement, to continue until Mar 31.
ISMA says Oct sugar output seen down as Maharashtra defers crushing.
Sugar output in the country in October is seen at around 300,000-350,000 tonne, lower than 800,000 tonne pegged earlier, as mills in Maharashtra have deferred cane crushing operations to Nov 1.
India basmati prices up in spot on firm demand, low supply.
India basmati prices up in spot on firm demand, low supply.
Surplus sugar output likely for two years.
India is likely to witness surplus sugar production during the next two years on account of a bumper sugarcane crop. According to OP Dhanuka, CMD, Riga Sugar Company Ltd, production of sugar in 2017-18 marketing year (October-September) is likely to be close to 25.5 million tonnes (mt), a growth of 25 per cent over last year on higher sugarcane area. The country’s annual consumption is pegged at 24 mt. It is estimated that the area under sugarcane cultivation is higher at 49.88-lakh hectares this year compared to 45.64-lakh hectares in 2016-17.
Myanmar diesel imports rise as rice exports improve.
Myanmar diesel imports rise as rice exports improve.
Soybean prices fall in Indore due to weak demand.
Prices of soybean fell in the key wholesale market of Indore due to poor demand. Demand from oil millers is low due to poor quality of most arrivals. On the NCDEX, the most active November soybean contract was down 0.1% from the previous close.
Higher rice yields to help Punjab, Haryana offset lower acreages.
Higher rice yields to help Punjab, Haryana offset lower acreages.
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.