NAFED begins procuring moong in Karnataka to help support prices.
Ram Gopal Yadav (9 years ago)

The National Agricultural Cooperative Marketing Federation of India started procuring moong sown during the kharif season in Karnataka from Oct 03. After demand from the Karnataka government, started procuring moong from farmers in two districts of the state under the price support scheme, adding that the agency is already buying moong in Telangana since middle of last month.

Canadian farmers turn to pulse crops to satisfy India.
Ram Gopal Yadav (9 years ago)

Canadian farmers intend to plant more peas and lentils than ever before, as strong Indian demand stokes interest in pulse crops, according to a Reuters industry poll ahead of a government report. Pulses amount for a fraction of Canada’s planted area compared to wheat and canola. But this year they have been the talk of the western Prairies as farmers made seeding plans. Back-to-back droughts in India, the world’s largest importer of edible oils and pulses, has boosted prices and made pulses attractive to Canadian farmers. Pulses are an important protein source in the Indian diet.

Prices of urad down in Akola on sluggish demand.
Ram Gopal Yadav (9 years ago)

Prices of urad in Akola, Maharashtra, fell due to sluggish demand. However, expectations of lower output of the commodity this season, along with buying of the new crop in some states, is likely to push prices higher in the coming months.

CBOT soybean up on short covering.
Ram Gopal Yadav (9 years ago)

Futures contracts of soybean marginally up on the CBOT as investors covered their short positions. Contracts fell earlier due to improved sowing operations in Brazil.