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.
NCDEX coriander up on short covering post 5-wk low.
NCDEX coriander up on short covering post 5-wk low.
Farm secretary says 2017-18 tur production seen tad down on year.
India’s tur production for 2017-18 is likely to be slightly lower on year. The farm ministry, in its fourth advance estimate released in August, had predicted India’s 2016-17 tur output at 4.78 million tonne. Tur output is expected to come down slightly, but output of urad is seen higher from last year. A significant decline in area under tur so far is likely to pull down output for the pulse this season but higher acreage under urad is seen raising production. The area under tur crop fell nearly 18% on year to 4.3 million ha as of last week, and that under urad was at 4.26 million ha, up 21% on year.
Coriander up 2% on short covering, low supply.
Coriander up 2% on short covering, low supply.
Tur down in Akola on weak demand; Kalaburagi shut.
Prices of tur in Akola, Maharashtra, declined as demand from millers fell. NAFED sold the pulse at lower rates of 3,800-4,000 rupees per 100 kg in the market which also created bearish sentiment.
All-India cotton arrivals up at 10,100 bales on 18 Sep.
All-India cotton arrivals up at 10,100 bales on 18 Sep.
Urad down in Kalaburagi even as export ban lifted.
After rising on Saturday, prices of urad in Kalaburagi were down despite the government lifting the ban on export of urad, tur, and moong dal. However, rains in Kalaburagi may damage the harvested crop and support prices.
Coriander unch in Kota on firm demand, high supply.
Coriander unch in Kota on firm demand, high supply.
Chana down in Delhi on weak demand, high arrivals.
Prices of chana fell in Delhi due to a decline in demand from dal millers and a rise in arrivals. On the NCDEX, the most-active October contract traded down 2.4% from previous close. Gram and tur declined sharply in Nagpur on poor buying support from local millers amid increased arrival from producing belts.