Up in arms against the failure of the state government to make payment of arrears to sugarcane growers and to accept the other demands of farmers, the Bharti Kisan Union — Lakhowal (BKU) has decided to hold indefinite gherao at the residence of Chief Minister Captain Amarinder Singh.
Bangladesh govt considers importing two million tons of rice.
Bangladesh govt considers importing two million tons of rice.
India Sugar prices down as govt allows import.
Prices of sugar were down in key wholesale markets across the country after the Centre allowed imports of the commodity. The Centre has allowed import of 300,000 tonnes raw sugar at a basic Customs duty of 25 per cent under the tariff rate quota for 60 days. The import of 300,000 tonnes sugar has been allowed through the ports of Tuticorin and Chennai in Tamil Nadu, Karaikal in Puducherry, Mangalore in Karnataka, and Kakinada, Visakhapatnam and Gangavaram in Andhra Pradesh. This season, average sugar prices in southern India have been ₹150-200 per 100 kg higher than those in the north due to this fall in output. Since the import has been allowed under the tariff rate quota, millers and refiners have to convert the imported raw sugar into refined or white sugar within 30 days from the date of bill of entry.
Israeli group tenders to buy feed wheat.
Israeli group tenders to buy feed wheat.
Groundnut, mustard oil ease on muted demand.
Prices of groundnut and mustard oil fell by up to Rs 100 per quintal at the wholesale oils and oilseeds market owing to slackened demand against adequate stocks position. However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at the last levels. Easing demand from retailers against adequate stocks position on increased supplies from producing belts, mainly led to the decline in groundnut and mustard oil prices.
CBOT wheat drops amid record Black Sea supplies.
CBOT wheat drops amid record Black Sea supplies.
India’s soybean output may fall 22% on planting area cut, dry weather.
India’s soybean production during the 2017/2018 crop year may drop 22 percent from a year ago after a reduction in the planting area and because of a prolonged dry spell in key growing regions. India is likely to produce 9 million tonnes of soybeans during the 2017/18 crop year starting from Oct. 1, down from 11.5 million tonnes in the current year. Farmers have cultivated soybeans on 10.5 million hectares this year, down 8.4 percent from a year ago. This year, a prolonged dry spell in July and August curtailed the crop in the states of Madhya Pradesh and Maharashtra, which account for nearly 85 percent of the country’s total soybean production.
Australia cuts 2017-18 wheat forecast to 8-year low.
Australia cuts 2017-18 wheat forecast to 8-year low.
Egypt issued a tender to purchase vegoils.
Egypt’s state buyer GASC has issued a tender to purchase 10 KMT of sunflower oil and 30 KMT of soybean oil. The sunflower oil is to be delivered between October 25-November 10, 2017 and the soybean oil between November 5-20, 2017. In addition, it is planned to purchase 10 KMT of soybean oil for Egyptian pounds. The deadline for tender bids is September 12, 2017.
India coriander futures end 4% lower on weak demand.
India coriander futures end 4% lower on weak demand.
Brazil 2017/18 soy planting seen delayed due to climate factors.
Weather forecasts suggest soybean planting in key regions of Brazil may be delayed due to scarce rains following the end of the fallowing period in states like Paraná, Mato Grosso and Mato Grosso do Sul. The absence of rains over the next 10 days in these three regions, where about 51 percent of Brazil’s soybeans are grown, will push back planting this year in relation to last.
Brazil Court suspends auction of Shree Renuka sugar mill.
Brazilian court has suspended the judicial auction of a sugar mill owned by India’s Shree Renuka Sugars Ltd scheduled for September 4, after a request from state bank BNDES.
Ukraine may exit Egypt wheat market over new rules.
Ukraine may exit Egypt wheat market over new rules.
Indore soybean up on low supply of quality crop.
Soybean prices in Indore were up because of lower supply of quality crop due to end of season. There are worries of lower output due to infestation and limited availability of quality inventories with the farmers and stockists. Gains in the soybean contract on the CBOT are also seen supporting upside in the oilseed prices. The most active October futures were up 0.7%.
Euro rally keeps EU wheat prices under pressure.
Euro rally keeps EU wheat prices under pressure.
India Soybean meal exports up 86 per cent in August.
India export of soybean meal and its other value-added products in August is 0.50 lakh tonne compared to 0.27 lakh tonne in August last year, showing an increase of 86% over the same period last year. On a financial year basis, the exports during April-August 2017 is 5.57 lakh tonne compared to 1.47 lakh tonne in the same period previous year, showing an increase of 280%. During the current oil year, (October – September), total exports during October 2016 to August 2017 is 17.35 lakh tonne against 3.75 lakh tonne during the same period last year, registering an increase of 362.13%.
Maize first advance estimate for 2017-18.
Maize first advance estimate for 2017-18.
Soyabean, mustard oil rise on stockists’ buying.
Soyabean and mustard oil prices rose by up to Rs 150 per quintal at the wholesale oils and oilseeds market on stockists buying following uptick in demand from retailers against restricted supplies from producing belts. Traders said stockists buying, driven by pick-up in demand from retailers against restricted supplies from producing belts, mainly led to the rise in soyabean oil and mustard oil prices.
India maize rates likely to remain low despite fall in crop acreage.
India maize rates likely to remain low despite fall in crop acreage.
Rajasthan dry spell, pests hit kharif crop, soybean suffers most.
Dry spells during monsoon have led to pest attack and undergrowth in kharif crops in the state Hadauti region. Hadauti region witonneessed deficient rains in this monsoon season whose brunt was faced by the farmers. Soybean crop, which is sown in 5.60 lakh hectares area in the region’s four districts Kota, Bundi, Baran and Jhalawar, is the worst affected kharif crop. Tobacco caterpillar, a typical soybean crop pest, has infested the crop.