Drought-hit Australia cuts hopes for wheat.
Groundnut acreage 4.1 million ha as of Thu, down 11.6% on year.
Farmers had sown groundnut across 4.13 million ha, down 11.6% on year. The fall in area under the oilseed was mainly because of lower acreage in Andhra Pradesh and Karnataka. Poor rainfall in Karnataka during the initial months of the Jun-Sep monsoon season has led to a decline in the area under the crop to 378,000 ha from 522,000 ha sown last year. Acreage in Andhra Pradesh fell over 29% on year to 656,000 ha, as many farmers shifted to other remunerative crops this season. In Gujarat, the largest producing state, groundnut acreage fell marginally to 1.63 million ha from 1.64 million ha last year.
India maize futures slip on subdued spot demand.
India maize futures slip on subdued spot demand.
Groundnut seed up in Gujarat on decline in acreage.
Prices of groundnut seed were up in key markets of Gujarat, as farmers had sown groundnut across 4.13 million ha, down 11.6% on year. Demand from domestic oil millers and crushers also supported groundnut prices of the seed.
CBOT corn drifts lower on technicals, US harvest pressure.
CBOT corn drifts lower on technicals, US harvest pressure.
NAFED procures 177 tonne of sunflower seed in Odisha.
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.
EU crop monitor lifts maize yield forecasts again.
EU crop monitor lifts maize yield forecasts again.
Canada farm agency raises year to Jul 2018 chana price forecast by 4%.
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.
India bajra acreage up 1.6% on year at 7.1 mln ha as of 15 Sep.
India bajra acreage up 1.6% on year at 7.1 mln ha as of 15 Sep.
Gujarat pegs 2017 groundnut output 3.27 million tonne vs 2.74 million tonne.
Output of groundnut, another major crop in the state, is seen rising 19% on year to 3.27 million tonne. Castor output is estimated to decline 12% on year to 1.11 million tonne. Total oilseed output in the kharif season is seen at 4.54 million tonne, as against 4.16 million tonne a year ago. Guar output in Gujarat, the second largest growing state, is likely to fall 41% on year to 144,000 tonne, as acreage declined to 200,000 ha from 352,000 ha a year ago.
Cotton up on MCX as traders cover short positions
Cotton up on MCX as traders cover short positions
Govt lifts export ban on tur dal, urad, moong with immediate effect.
The government lifted the ban on exports of tur dal, urad, and moong with immediate effect. The export of these pulses allowed only after registration of contracts with Agricultural and Processed Food Products Export Development Authority. The move came in the wake of industry demand to support the falling prices in key markets of the country. Prices of most of the pulses hovered near and mostly below the minimum support levels in the country. The government had earlier capped the import of pulses to boost the domestic prices. The government had capped import of tur at 200,000 tonne per annum and urad and moong at 300,000 tonne each per year.
Sources say China sells 70% of 3.78 mln tn cotton offered in Mar-Aug.
Sources say China sells 70% of 3.78 mln tn cotton offered in Mar-Aug.
Rajasthan government to start pulses procurement from October.
A total of 76 centres for procurement of moong opened in the state. Similarly, 28 centres for urad, 29 for peanuts and 25 for soybean opened. More procurement centres can be opened considering the interests of farmers and demand of people’s representatives. The move was taken considering the interest of farmers in the state so that they get right price for pulses and oilseed crops. Union government has fixed support price of Rs 5,575 per quintal for moong, which includes bonus of Rs 200. The support price of urad has been announced Rs 5,400 including Rs 200 bonus and Rs 4,450 for groundnut including Rs 200 bonus and Rs 3050 per quintal including bonus for soybean.
All-India cotton arrivals up at 7,400 bales as on 14 Sep.
All-India cotton arrivals up at 7,400 bales as on 14 Sep.
Gujarat sees surge 44% in kharif pulses sowing.
As against the national trend, the kharif sowing in Gujarat has shown remarkable growth in pulses sowing with up to about 44 per cent rise in different varieties of pulses. The area under moth beans increase the most by close to 45 per cent to 27,100 hectares as on September 12 as against the three-year average of 18,800 hectares. Other pulses varieties such as moong (green gram), urad and tur witnessed higher acreage by 13-16 per cent. The overall total area under kharif pulses reported an increase of about 8 per cent to 5,60,300 hectares as against 3-year average of 5,21,000 hectares.
Gujarat 2017 cotton output seen down 9% at 7.4 mln bales.
Gujarat 2017 cotton output seen down 9% at 7.4 mln bales.
Chana down in Bikaner on weak demand from mills.
Prices of chana fell in Bikaner, Rajasthan due to a fall in demand from dal millers. On the NCDEX, the most-active October contract was down 0.4% from previous close.
Source says Coffee Board of India to peg 2017-18 crop at record 350,000 tn.
Source says Coffee Board of India to peg 2017-18 crop at record 350,000 tn.
Wheat prices down in Indore due to muted demand.
Wheat prices down in Indore due to muted demand.
