NCDEX chana futures down tracking spot market.
Ram Gopal Yadav (9 years ago)

Futures contracts of chana were down on the NCDEX as prices fell in the spot market. The most active October contract was down 2.5%. However, prices are unlikely to fall further due to expectations of rise in the demand in the coming days ahead of festivals.

Akola tur down as yield seen up; Kalaburagi mkt shut.
Ram Gopal Yadav (9 years ago)

Prices of tur in Akola, Maharashtra, were down because of expectations of rise in the crop’s yield due to fresh spell of rains in Marathwada and Vidarbha regions. Despite a fall in acreage this year, fresh spell of rains in key growing regions of Maharashtra is likely to boost yield.

Chana down in Delhi on weak demand from dal millers.
Ram Gopal Yadav (9 years ago)

Prices of chana were down in Delhi due to sluggish demand from dal millers. There have been lower purchases by dal millers because the prices are at higher levels and there are views that they have procured good quantity a month ago. On the NCDEX, the most-active October contract was down 1.3% at 5,955 rupees per 100 kg from previous close.

Sugar mills in Maharashtra to start cane crushing ops from Nov 1.
Ram Gopal Yadav (9 years ago)

Sugar mills in Maharashtra have decided to start cane crushing operations for the 2017-18 (Oct-Sep) season from Nov 1, putting to rest speculation about an early start to crushing operations. Among other decisions, the state pursue restructuring of 61 billion rupees worth of outstanding loans of 90 cooperative sugar mills with the Centre. The ban on export of sugarcane may have been taken in the wake of sharp fall in output in the neighboring north Karnataka. Also, Maharashtra wants to raise the longevity of crushing season with an intention to raise the output. The state government expects to crush over 65 million tonne of sugarcane to produce 7.3 million tonne sugar in the year starting Oct 1. This year, sugar output was at 4.2 million tonne.

India Sugar Selling pressure on mills drags down spot prices.
Ram Gopal Yadav (9 years ago)

The prices of sugar fell in the key wholesale markets of the country amid increased selling pressure on mills. 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. Demand for the sweetener has been low since the beginning of the month. There is only hand-to-mouth demand as crushing season is nearing and there is fear of government action in case prices rise.