India spot sugar prices down on selling pressure.
Ram Gopal Yadav (8 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 (8 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.

Sugar Prices fall on rain forecast for Brazil.
Ram Gopal Yadav (8 years ago)

Sugar prices fell Monday amid expectations for greater rain in Brazil in the coming days, adding to concerns about a global glut of the sweetener. Raw sugar for October delivery dropped 1% to 13.84 cents a pound on the ICE Futures U.S. exchange. The precipitation will begin as isolated to scattered showers during the early to middle part of this week and then increase.

NCDEX soybean down 1% on improved weather prospects.
Ram Gopal Yadav (8 years ago)

Futures contracts of soybean on the NCDEX fell over 1% due to improved weather forecast in major growing areas in coming days. Soybean futures hit a three-week high on reports of crop damage due to rainfall in Madhya Pradesh. Clear skies in key growing areas have erased worries of further crop damage. Arrivals of soybean in Madhya Pradesh estimated at 70,000-80,000 bags (1 bag = 100 kg), higher than 40,000 bags on Saturday.

Indore refined soyoil falls as soy arrivals seen up.
Ram Gopal Yadav (8 years ago)

Prices of refined soyoil fell in Indore as new crop arrivals of soybean are expected to increase in the coming days. Subdued demand in the local market, along with weakness in soyoil contracts on CBOT is seen weighing on prices. New crop arrivals of soybean in Madhya Pradesh, estimated at 10,000 bags as compared with 4,000 bags on Saturday and are estimated to increase in the coming days.

Demand for soyabean as food and animal feed is rising in India.
Ram Gopal Yadav (8 years ago)

If India wants to increase production of soyabean to meet domestic demand, it should allow use of innovative technologies, including genetically modified organism or GMO or allow imports from global market. The existing processing capacity can be utilised by importing oilseed and highlighted that India’s neighbour like Bangladesh is buying from overseas market. India is fifth largest producer of soyabean in the world with production of around 10-12 million tonnes, while the US at the top with 120 million tonnes output.

Soybean futures fall on Brazilian rain.
Ram Gopal Yadav (8 years ago)

Soybean futures lower, giving back most of last week’s gains as fieldwork conditions improved in Brazil. Wetter weather eased concerns about planting delays in the major South American producer, sparking bets that Brazilian farmers were on track for another year of large oilseed production. Slow planting progress, a result of dry soil conditions, had helped soybean prices higher last week.