NAFED procures 21 tonne of kharif moong in Telangana.
Ram Gopal Yadav (9 years ago)

The National Agricultural Cooperative Marketing Federation of India has procured 21 tonne of moong grown in the kharif season under the price support scheme in Telangana. The procurement drive, which started last week, was underway in Mahabubnagar, Warangal, Khammam, Zaheerabad and Ranga Reddy districts. Fresh arrivals of the crop have started in the state and peak up in a fortonneight. NAFED started procuring the moong as market prices fell below the minimum support price of 5,450 rupees per 100 kg, inclusive of a bonus.

Akola tur down on weak demand, govt sale.
Ram Gopal Yadav (9 years ago)

Prices of tur at Akola in Maharashtra were down because of weak demand and sale of the commodity by government agencies. In Mumbai, lemon tur was down 50 rupees and in Kalaburagi, a key market, it was down by 150 rupees.

India Soybean closes 1% lower on CBOT cues; CPO gains.
Ram Gopal Yadav (9 years ago)

Futures contracts of edible oils on the domestic exchanges traded mixed. Soybean and mustard futures traded lower while soyoil and crude palm oil traded higher. Increased fresh arrivals of soybean in key growing regions further weighed on the sentiments. Extending weakness from the previous session, mustard futures on the NCDEX settled around 1% lower due to subdued buying from oil millers. Higher carryover stock from 2016-17 season also pulled down the prices.

Urad down in Akola on high arrivals, moisture.
Ram Gopal Yadav (9 years ago)

Urad prices in Akola were down on expectations of a further rise in the new crop arrivals in the coming weeks. Arrivals of urad in Akola are likely to increase to 2,000 bags in the coming days. Buying is sluggish currently because moisture content in the new arrivals is higher at 16% as against the normal 10-13%.

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.