Brazil Raw sugar futures slide 3.6 % on improved crop weather.
Ram Gopal Yadav (8 years ago)

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.

Argentina govt source sees country’s FY18 soybean output rising 6%.
Ram Gopal Yadav (8 years ago)

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.

Supply of seed for chana crops ample for rabi season.
Ram Gopal Yadav (8 years ago)

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.

NAFED procures 177 tonne of sunflower seed in Odisha.
Ram Gopal Yadav (8 years ago)

The National Agricultural Cooperative Marketing Federation of India has procured 177 tonne of sunflower seed under the price support scheme in Odisha. The procurement drive, which started late July, was underway in Eram and Bilana procurement centres, and 235 farmers had sold their crop to the agency. NAFED started procuring the crop from growers as market prices fell below the minimum support price of 3,950 rupees per 100 kg, inclusive of a bonus of 100 rupees. The agency has wound up procurement of the oilseed in Haryana and Telangana.

Canada farm agency raises year to Jul 2018 chana price forecast by 4%.
Ram Gopal Yadav (8 years ago)

Agriculture and Agri-Food Canada has scaled up its estimate for prices of chana or chickpea in Canada in 2017-18 (Aug-Jul) by 4% to an average of $1,000-$1,030 a tonne, as supply is seen declining due to lower carryover stocks and imports. The agency scaled down its forecast for chana production in Canada in 2017-18 by 22% to 81,000 compared to its estimate in August. The outlook for production of peas in 2017-18 was scaled down by 5% to 3.79 million tonne because of a sharp decline in yields and a small fall in the harvested area. The agency kept its 2017-18 average price forecast for peas unchanged at $280-$310 per tonne due to lower supply and higher carryover stocks. Exports are seen falling 9% from the previous forecast to 2.9 million tonne, with India, China and Bangladesh continuing to be Canada’s top markets. Average prices of masur for the year ending July are seen unchanged at $720-$750 per tonne compared to the previous estimate, owing to high carryover stocks.