USDA sees China 2017-18 Mustard crop down at 13 million tonne.
Ram Gopal Yadav (8 years ago)

China is expected to produce 13.1 million tonne of rapeseed in 2017-18 (Jun-May), down from 14.3 million tonne a year ago, primarily due to a decline in the acreage. China is expected to produce 13.1 million tonne of rapeseed in 2017-18 (Jun-May), down from 14.3 million tonne a year ago, primarily due to a decline in the acreage. Rising demand of the oilseed in domestic markets in China and anticipation of low production this year may boost the imports. China, a key importer of Indian rapeseed, banned the imports from the South Asian country in 2012 on quality concerns. Before the ban, China bought around 300,000 tonne of the mustard meal from India every year.

India Soybean settles 1% lower tracking weakness in CBOT.
Ram Gopal Yadav (8 years ago)

Futures contracts of most of the components of the edible oil basket, barring crude palm oil, fell on the domestic exchanges tailing losses in international markets. Prices on the international exchange fell due to likely rise in yields of soybean in the US. Increased arrivals of the new crop in the domestic market amid favourable weather also pushed prices down. Taking cues from soybean, refined soyoil on the NCDEX fell because of subdued purchases in the wholesale markets amid huge availability following higher imports.

Soybean prices down in Indore on higher arrivals.
Ram Gopal Yadav (8 years ago)

Prices of soybean in the benchmark market of Indore, Madhya Pradesh were down due to an increase in the new crop arrival. However, good demand because of festival season has prevented prices from falling further. Prices are likely to fall in the coming months, as arrivals pick up pace. Futures contracts of soybean on the NCDEX also fell tracking losses in spot markets. The most active November contract of soybean ended down 0.7% from the previous close.

Delhi chana up on slight recovery in demand.
Ram Gopal Yadav (8 years ago)

Prices of chana in Delhi were slightly up because of a recovery in demand. However, chana futures on the NCDEX were down because of expectations of rise in the acreage this season amid less than expected demand for the pulse in the festive season. The most active October futures were down 0.4%.

Mills see Karnataka sugar output up at 2.4 million tonne in year to Sep 2018.
Ram Gopal Yadav (8 years ago)

Karnataka, where sugar output fell to an eight-year low of 2.05 million tonne this marketing year, have to wait long to return to its normal production level of about 5 million tonne. While production of sugar is seen rising in the southern state in 2017-18 (Oct-Sep), the rise would be marginal. Sugar output in the state during 2017-18 is seen rising to around 2.4 million tonne helped by “good” monsoon rains this year following two successive years of drought.

Govt source says no plan to cap imports of Chana, Masoor as of now.
Ram Gopal Yadav (8 years ago)

The government, which recently imposed quantitative limits on imports of tur, moong and urad, has no plans as of now to restrict imports of chana and masur. Prices of chana and masur are increasing in the domestic markets, and restrictions on imports may push up the prices further.

Tur up in Kalaburagi on mills demand; flat in Akola.
Ram Gopal Yadav (8 years ago)

Prices of tur in Kalaburagi were up because of a rise in demand from millers. Acreage of tur across the country is down 19% on year at 4.2 million ha. This is also seen supporting the upside in tur prices. The country harvested 9.33 million tonne Chana in the last crop year ended June, up sharply from 7.06 million in the previous year. Traders, however, believe that the government’s data on chana production was inflated, and the crop may have been much smaller, as stocks are low.