Centre-South Brazil Sep 1-15 sugar output 3.1 million tonne, up 29.2% YoY.
Ram Gopal Yadav (9 years ago)

Mills in Brazil’s Centre-South region produced 3.13 million tonne of sugar in the first fortnight of September, up 29.2% from 2.42 million tonne produced a year ago. Centre-South Brazil accounts for over 90% of the country’s total sugar output. Mills in the region crushed 45.44 million tonne of cane during Sep 1-15, up 20% on year. During Apr 1-Sep 15, mills crushed 427 million tonne of cane, down 1.6% on year. During the same period, mills produced 26.39 million tonne sugar, up 5.9% on year. Of the total cane crushed, around 48.4% was used for sugar production, while 51.6% was used to make ethanol. Mills in the region are likely to produce 35.2 million tonne of sugar this season, marginally lower than 35.6 million tonne produced in 2016-17 (Apr-Mar).

Fall in arrivals lifts Jaipur mustard seed prices.
Ram Gopal Yadav (9 years ago)

Prices of mustard seed rose in Jaipur due to a fall in arrivals coupled with a pickup in demand from domestic oil millers and crushers. Higher carryover stock from 2016-17 season and start of harvesting of kharif oilseeds, however, capped gains in prices.

Rajasthan aims 3.8 million tonne mustard crop in 2017-18, down 4%.
Ram Gopal Yadav (9 years ago)

The country’s top mustard producing state, Rajasthan, has set a target of 3.77 million tonne output of the oilseed in 2017-18 (Jul-Jun), 4.3% lower from the output a year ago. Expecting a lower mustard output this year despite some marginal rise in the acreage primarily because of inadequate water for irrigation in key reservoirs in the state. The state faced a dry spell during most part of Jul-Aug, but rainfall has improved this month. However, water level in key reservoirs in the state continues to remain low.

India Soybean ends down 1%; CPO gains on global cues.
Ram Gopal Yadav (9 years ago)

Futures contracts of all edible oils, excluding soybean, rose on domestic exchanges, due to improved demand in physical markets. Extending losses from the previous session, soybean futures on the National Commodity and Derivatives Exchange ended around 1% lower due to increasing arrivals in key markets. Increased pace of harvests in the US, the world’s largest soybean grower, also dented sentiments.

Indonesia, India discuss palm oil import duty.
Ram Gopal Yadav (9 years ago)

Indonesia and India discussed issues pertaining to the palm oil and pharmaceutical industries during the second Biennial Trade Ministers. Indonesia took up India’s decision to hike import duty on crude palm oil to 15% from 7.5%, and on palm olein to 25% from 15%.

Akola tur prices tad up on hope of demand revival.
Ram Gopal Yadav (9 years ago)

Prices of tur in the benchmark market of Akola, Maharashtra, rose a tad because of expectations of a revival in demand. Expectations of near record output in Karnataka are seen weighing on tur prices. The first advance estimates, production of tur in 2017-18 is estimated at 3.99 million tonne, down from 4.78 million tonne the previous year.

NAFED procures 45 tonne of kharif moong in Telangana.
Ram Gopal Yadav (9 years ago)

The National Agricultural Cooperative Marketing Federation of India has so far procured 45 tonne of moong grown in the kharif season under the price support scheme in Telangana. The procurement drive that started in the middle of September was underway in Mahabubnagar, Warangal, Khammam, Zaheerabad, Ranga Reddy and Suryapet districts. NAFED started procuring moong as market prices fell below the minimum support price of 5,450 rupees per 100 kg, inclusive of a bonus.

India Sugar down in spot markets due to selling pressure on mills.
Ram Gopal Yadav (9 years ago)

Prices of sugar fell in the key wholesale markets of the country due to increased selling pressure on mills. Prices of the commodity have declined due to increased selling pressure on mills as the government has imposed stockholding limits on them. The government has imposed stockholding limits on sugar mills for September and October to keep prices in check ahead of major festivals.

India spot sugar prices down on selling pressure.
Ram Gopal Yadav (9 years ago)

The prices of sugar fell in the key wholesale markets of the country on Thursday amid increased selling pressure on mills. Prices of medium-grade sugar down rs 5 in the markets of Delhi and Muzaffarnagar, and rs 10 per 100 kg lower in Mumbai and Kolhapur. Millers are quoting lower prices as there is no demand at current price levels despite it being the festival season. Mills also have to adhere to stock limits. The government has imposed stock holding limits on sugar mills for September and October to keep prices in check ahead of major festivals. Sugar mills can hold up to 21 per cent of the total sugar supply of the 201617(October-September) season as of the end of September, and 8 per cent of the supply as of the end of October. Demand for the sweetener has been low since the beginning of the month. Some sugar mills in western Uttar Pradesh are likely to begin cane crushing for 201718 (October-September) on October 10.

Sugarcane price fixation sparks row between farmers, millers in Uttar Pradesh.
Ram Gopal Yadav (9 years ago)

With less than a month remaining for sugarcane crushing to begin in the new season, it’s time for the annual ritual of confrontation between farmers and private millers in Uttar Pradesh on the issue of price to be paid to cane growers. As every year, both the stakeholders hold diametrically opposite views on what should be the “right price” that the farmer should get for his produce. At a meeting of the cane price fixation committee under the chairmanship of Uttar Pradesh chief secretary, the farmers demanded Rs 375-400/quintal while the millers categorically stated that they are in no condition to pay anything beyond last year’s State Advised Price (SAP) of Rs 305 per quintal.