India coffee exports during Jan 1- Sep 19.
India Sugar down in Maharashtra on poor demand, unchanged in north India.
Prices of sugar fell in the key markets of Maharashtra due to sluggish demand from bulk buyers. Buyers stayed away from the markets due to heavy rainfall in the region, pulling down prices of the sweetener. In the key wholesale markets of north India, however, prices were largely stable due to lacklustre trade. There is only hand-to-mouth demand as crushing season is nearing and there is fear of government action in case prices rise.
Canadia 2018 wheat carryover estimated at 4.3 million tonnes.
Canadia 2018 wheat carryover estimated at 4.3 million tonnes.
Food Minister Paswan says govt may allow more sugar import if needed.
The government may allow more sugar imports if required in the country. The Centre had on Sep 7 allowed imports of 300,000 tonne sugar at 25% duty for 60 days to boost domestic supply of the commodity, as stocks are expected to fall to critically low levels. However, Paswan said there is no shortage of sugar seen in domestic markets as of now.
Taiwan signs $576 mln wheat deal with United States.
Taiwan signs $576 mln wheat deal with United States.
Brazil Raw sugar futures slide 3.6 % on improved crop weather.
October raw sugar settled down 0.55 cent, or 3.8 percent, at 14.37 cents per lb, after falling to a two-week low of 13.72. Sell stops were triggered as raw sugar futures crossed below the 40-day moving average at 14.65 cents per lb. Expectations of rain arriving in top-producer Brazil after recent dry weather pressured the market. December white sugar settled down $11.90, or 3.2 percent, at $365.00 per tonne.
Ghana wheat import increases by 160%.
Ghana wheat import increases by 160%.
Maharashtra pegs 2017-18 soybean crop at 3.6 million tonne vs 4.6 million tonne.
Output of soybean is estimated at 3.6 million tonne, down 22.7% on year. Yield in the state is estimated to decline because of erratic monsoon in pod filing stage in August. The overall output of oilseeds in the state is seen at 3.82 million tonne, against 4.89 million tonne in 2016-17.
Egypt’s GASC buys 175,000 tonnes of Russian wheat.
Egypt’s GASC buys 175,000 tonnes of Russian wheat.
India Govt have 2,400 tonne surplus mustard seed for rabi sowing.
Supply of mustard seed is seen in sufficient quantity for upcoming rabi sowing season. Mustard seed for rabi sowing is also estimated at 24,200 tonne, 2,400 tonne more than the estimated requirement.
US wheat markets remain high amid weather concerns.
US wheat markets remain high amid weather concerns.
Argentina govt source sees country’s FY18 soybean output rising 6%.
Soybean production in Argentina is seen rising over 6% to 58 million tonne in 2017-18 (Apr-Mar) due to likely favourable weather. The country is estimated to have harvested around 55 million tonne soybean in 2016-17. Weather is seen largely conducive this year and farmers in the South American country may also increase acreage of the crop, which may boost output further. Soybean acreage is estimated at 19 million ha in 2017-18, higher than 18 million ha a year ago. Stocks of the commodity at the end of 2016-17 are estimated at 4.9 million tonne, lower than 5.6 million tonne at the end of the preceding year.
Japan offers to buy 127,427 tonnes food wheat via tender.
Japan offers to buy 127,427 tonnes food wheat via tender.
Food Corp to auction 3,977 tonne moong via NCDEX e-Mkts.
Food Corp of India offer 3,976.80 tonne of moong for auction through NCDEX e-Markets. The pulse is stocked at Central Warehousing Corp and other godowns in Rajasthan, Maharashtra, and Gujarat.
Australia 2017-18 wheat exports seen lower.
Australia 2017-18 wheat exports seen lower.
Supply of seed for chana crops ample for rabi season.
Supply of wheat seed, chana seed and mustard seed is seen in sufficient quantity for upcoming rabi sowing season. The country currently has stock of chana seed is at 192,600 tonne, 21,000 tonne more than required. Govt have Lentil seed 100 tonne short of requirement for rabi sowing. Around 13,600 tonne of lentil seeds is currently available in the country for sowing.
US corn edges lower as ample supplies set to hit market.
US corn edges lower as ample supplies set to hit market.
Chana steady in Delhi on demand-supply parity.
Prices of chana were steady in Delhi as supply was sufficient to meet demand. In Bikaner, prices of chana were also steady while arrivals were pegged unchanged at 300 bags (1bag=100 kg).
Zimbabwe maize reserves at 17-year high 1 mln tonnes.
Zimbabwe maize reserves at 17-year high 1 mln tonnes.
NAFED begins procuring 2017-18 kharif moong to boost domestic prices.
To boost prices of moong in the domestic market, the National Agricultural Cooperative Marketing Federation of India last week started procuring the crop sown during the kharif season this year. NAFED has started procuring it on minimum support price from farmers in Telangana and Karnataka.