FAO sees global wheat output up in 2017-18.
Uttar Pradesh sees ’17-18 sugar output at record high of 10.3 million tonne: official
Uttar Pradesh official:’17-18 cane area seen 2.3 million ha vs 2.1 million. Sugar output in Uttar Pradesh is likely to rise to a record 10.3 million tonne in the next season starting October from 8.77 million tonne year ago. Uttar Pradesh is the top producer of sugarcane in the country and along with Maharashtra accounts for half of India’s total sugar output. Last year, cane area in Uttar Pradesh was 20.5 lakh (2.05 million ha). This year there is an increase of 10-12%, and area is seen around 23 lakh (2.3 million ha). Sowing of sugarcane is almost at its ending stage and farmers so far have already planted nearly 2.3 million ha of sugarcane in Uttar Pradesh, up 5.1% on year.
Rice prices jump in India; Bangladesh eyes import deal with Myanmar.
Rice prices jump in India; Bangladesh eyes import deal with Myanmar.
Jaipur mustard down as demand hit post 1-wk high.
Mustard seed prices were down in Jaipur, due to subdued demand from domestic buyers after prices hit a one-week high. In the benchmark Jaipur market, the oilseed down 20 rupees from previous close. A rise in arrivals also weighed on the mustard seed prices. Export demand for mustard meal, however, cushioned the fall in mustard seed prices.
Haryana govt in process to start paddy procurement from Oct 1.
Haryana govt in process to start paddy procurement from Oct 1.
Soybean prices fall in Indore on new crop arrivals.
Prices of soybean fell in the key wholesale markets of Indore, Madhya Pradesh, due to arrival of fresh crop in the market. In 15-20 days, supplies in full swing and daily arrivals in Indore are seen at 10,000-15,000 bags. The most active October contract was down 0.4% from the previous close.
FAO sees record global rice output in 2017-18.
FAO sees record global rice output in 2017-18.
CBOT soybean up on crop damage concerns in the US.
Soybean futures contracts rose over 1% on the CBOT on concerns of damage to the US soybean crop due to hurricane Harvey. After Harvey, investors are tracking developments on hurricane Irma which is expected to reach the Gulf of Mexico in a few days. Prices rose also on expectations of a fall in the country’s soybean yield due to dry weather over the US Midwest which is the key soybean-growing region. The most active November contract of soybean on the CBOT was at $9.7625 per bushel, up 0.5% from the previous close.
Iran rice import ban to stay until November 21.
Iran rice import ban to stay until November 21.
India soybean ends a tad lower; CPO up on Malaysian cues.
Futures contracts of edible oils traded mixed, with soybean and mustard falling and refined soyoil and crude palm oil rising on domestic exchanges. Soybean closed marginally lower on the National Commodity and Derivatives Exchange due to arrival of fresh crop in the key markets of Madhya Pradesh, the largest grower.
US rice mills want China to hurry up and seal the deal.
US rice mills want China to hurry up and seal the deal.
NAFED procures 124 tonne of sunflower seed in Odisha.
The National Agricultural Cooperative Marketing Federation of India procured 124 tonne of sunflower seed under the price support scheme in Odisha. The procurement drive, which started in late July, was underway in Eram and Bilana procurement centres and 180 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 had wound up procurement of the oilseed in Haryana and Telangana.
West Bengal govt will give the Mayapur-based ISKCON 51 varieties of rice.
West Bengal govt will give the Mayapur-based ISKCON 51 varieties of rice.
NCDEX refined soy down; new crop arrives in Indore.
Reports of arrivals of the new crop of soybean in Indore since four-five days are seen weighing on prices. The most active October contract was down 0.6% from previous close.
About 140,000 sacks of Vietnam rice arrives in Albay to augment NFA stock.
About 140,000 sacks of Vietnam rice arrives in Albay to augment NFA stock.
Refined palmolein firms up on sustained demand.
Refined palmolein firmed up at the wholesale oils and oilseeds market here due to sustained demand from retail buyers.
Ghana’s rice production to match demand; cause reduction in exportation.
Ghana’s rice production to match demand; cause reduction in exportation.
Soaring Chinese soybean stocks to curb import growth – USDA.
US officials cautioned over expectations of a substantial rise in Chinese soybean imports, citing the high stocks of the oilseed already bought, amid market questions over a slow pace of US export orders. The US Department of Agriculture Beijing bureau pegged at 92.5m tonnes soybean imports by China, the world top buyer, in 2017-18 on an October-to-September basis. While a rise of 1.5m tonnes year on year, and representing a record high, the forecast is well below the USDA official forecast of 94.0m tonnes.
Nigerian farmers seek to stop importation of maize.
Nigerian farmers seek to stop importation of maize.
Tur down in Akola as trade subdued after holidays.
Prices of tur fell in Akola, Maharashtra due to lower demand as trade was subdued after festivals. In the benchmark market of Akola, the commodity was sold down 50 rupees from previous close, while arrivals remained steady at 300-400 bags (1 bag = 100 kg).