Prices of tur in Kalaburagi, Karnataka, because of subdued trade due to confusion over the new amendment in the goods and services tax. Traders were uncertain about how branded and non-branded items distinguished for the purpose of determining the GST rate applicable.
About 284 paddy purchasing centres in East Godavari will start functioning from October 1.
About 284 paddy purchasing centres in East Godavari will start functioning from October 1.
Chana prices fall in Delhi on weak demand from mills.
Prices of chana fell in Delhi despite a decline in arrivals as demand from dal millers weakened. On the NCDEX, the most-active October contract was down 0.72% from previous close.
CBOT corn up as USDA lowers production estimate.
CBOT corn up as USDA lowers production estimate.
Nagpur Gram and tur prices up on good buying support.
Gram and tur prices firmed up again in Nagpur Agriculture Produce and Marketing Committee (APMC) here on good buying support from local millers amid weak supply from producing regions. Fresh rise on NCDEX, upward trend in Madhya Pradesh pulses and enquiries from South-based millers also jacked up prices.
Indonesia aims to be corn exporter by 2020.
Indonesia aims to be corn exporter by 2020.
NCDEX wheat up on bargain buying; spot prices weak.
NCDEX wheat up on bargain buying; spot prices weak.
NCDEX Oct coriander hits 4-week low as stocks rise.
NCDEX Oct coriander hits 4-week low as stocks rise.
Jaipur mustard seed down as high prices hit demand.
Mustard seed prices were down in Jaipur, due to subdued demand after a recent surge in prices. A rise in arrivals also weighed on mustard seed prices. Export demand for mustard meal, however, cushioned the fall in mustard seed prices.
India wheat prices fall in spot markets.
India wheat prices fall in spot markets.
Official says India FY18 coffee exports may hit record high.
Official says India FY18 coffee exports may hit record high.
Soybean prices down in Indore as arrivals pick up.
Soybean prices fell in Madhya Pradesh benchmark market of Indore because arrivals of the new crop picked up pace. Extending gains from the past few sessions, soybean contracts traded higher on the NCDEX due to reports of lower-than-expected production in 2017-18. The most active October contract of soybean on the NCDEX was up 0.6% from the previous close.
USDA arm pegs India 2017-18 maize output at 25 MMT vs 26.3 MMT.
USDA arm pegs India 2017-18 maize output at 25 MMT vs 26.3 MMT.
Market Players sees India ’17-18 soy crop 8.9 million tonne, down 15%.
After a stellar start to monsoon this year, the prolonged dry spell in Jul-Aug has taken a sizeable toll on kharif crops, soybean. This may lead to an over 12% decline in the country’s overall output of summer-sown oilseed crops. Soybean is the largest hit oilseed crop and we expect production this kharif season to fall by 15% to 8.9 million tonne. Expect soybean production in Madhya Pradesh to fall to around 5.0 million tonne from 5.4 million tonne and in Maharashtra to 3.8 million tonne from around 4.0 million tonne a year ago. However, the carry-forward stock of the oilseed from the current year is likely to shoot up to around 1.2 million tonne from 460,000 tonne a year ago, which keep supply comfortable next year. Overall oilseeds production in the kharif season is expected to be at 14.4 million tonne, down 2 million tonne from a year ago.
Prices of new maize crop steady in Nizamabad.
Prices of new maize crop steady in Nizamabad.
Groundnut seed prices up in Junagadh on expectation lower production.
Prices of groundnut seed were up in Junagadh, Gujarat, because data from the agriculture ministry showed that farmers had sown groundnut across 4.08 million ha, down 12.2% on year. A fall in supply, coupled with improved demand from domestic oil millers and crushers, also supported prices.
NCDEX maize up as trader covers short positions.
NCDEX maize up as trader covers short positions.
GAPKI sees ’17 Indonesia palm oil export to India unchanged at 5.7 million tonne.
Indonesia palm oil exports to India in 2017 are estimated to be around 5.7 million tonne, largely unchanged from last year, despite a recent duty hike on import of palm oil in India. Prior to the duty hike in India, exports were good to the country. In Jan-Jun, Indonesia exported 3.4 million tonne palm oil to India. India doubled the import duty on crude palm oil to 15%. Market participants said Indonesia palm oil output is seen rising to 35.5 million tonne this year from 32.5 million tonne in 2016.
CBOT corn up as USDA cuts global production view.
CBOT corn up as USDA cuts global production view.
CBOT soybean up on bargain buys after recent fall.
Futures contracts of soybean on the CBOT rose, as investors bought the oilseed at a bargain after prices fell in the last four trading sessions. The most active November contract of soybean on the CBOT was at $9.54 per bushel, up 0.5% from the previous close. Prices had fallen earlier after the USDA raised its estimate for soybean production in the US during 2017-18 to 120.6 million tonne, up 1.2% from its projection in August. The rice in prices was also because of higher forecast of US soybean exports in 2017-18.