Nagpur Gram and tur prices declined on lack demand.
Ram Gopal Yadav (9 years ago)

Gram and tur prices declined further in Nagpur Agriculture Produce and Marketing Committee (APMC) here on lack of demand from local millers amid increased arrival from producing belts. Fresh fall in gram on NCDEX, weak trend Madhya Pradesh pulses and high moisture content arrival also pulled down prices. Desi gram reported down in open market in absence of buyers amid good supply from producing regions. Tur varieties ruled steady in open market but demand was poor.

India Sugar prices down on higher output view, likely imports.
Ram Gopal Yadav (9 years ago)

Prices of sugar were down in key wholesale markets across the country as the market factored in the import of sugar at a concessional duty in the next few days. Expectations of a record high production in Uttar Pradesh also weighed on the sentiment in north Indian markets. Sugar prices fell by 10-15 rupees per 100 kg in the spot markets of Delhi and Muzaffarnagar. Sluggish demand due to “pitrapaksha”, an inauspicious period in the Hindu calendar for new purchases, is also seen weighing on prices.

Govt allows import of 300,000 tonne raw sugar at 25% duty for 60 days.
Ram Gopal Yadav (9 years ago)

The government has allowed import of 300,000 tonne raw sugar at a basic customs duty of 25% under the tariff rate quote for 60 days. The import of 300,000 tonne sugar has been allowed through the ports of Tuticorin and Chennai in Tamil Nadu, Karaikal in Puducherry, Mangalore in Karnataka, and Kakinada, Visakhapatnam and Gang avaram in Andhra Pradesh. 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.

Source says 2017-18 sugar output in Bihar may rise 5% to 550,000 tonne.
Ram Gopal Yadav (9 years ago)

Sugar output in Bihar is likely to increase to 550,000 tonne in the new season that starts October, marginally higher than this year’s 525,000 tonne. Floods in many parts of the state have hit output expectations for the upcoming season. Initially, the sugar output was expected at a record high of 625,000 tonne, as the cane acreage was very good, and farmers in most parts of the state had switched to high yielding cane varieties.

Sugar down in Mumbai on low buys, flat in Tamil Nadu.
Ram Gopal Yadav (9 years ago)

Prices of sugar fell in the wholesale market of Mumbai because of weak demand and on the reports of probable sugar imports by the government. Prices in Tamil Nadu are high due to depletion in stocks and lower expected production in 2017-18 (Oct-Sep).

Jaipur mustard seed up on rise in demand for oil.
Ram Gopal Yadav (9 years ago)

Prices of mustard seed rose in Jaipur, Rajasthan, because of improved demand for the oil. Shortage of mustard seed in the market is also pushing prices higher. Worries of a fall in yield, following reports of damage to the crop because of infestation in key growing areas, is also seen supporting soybean prices. A rise in exports of mustard meal in August up 56% on year,is also creating positive sentiment.

India August mustard seed crushing down 18% on month at 450,000 tonne.
Ram Gopal Yadav (9 years ago)

Oil mills across the country crushed 450,000 tonne of mustard seed in August, down over 18% from the previous month. Crushing of mustard seeds in August was lower than 550,000 tonne in July due to lower arrivals in wholesale markets. Tepid offtake from oil millers and mustard meal exporters also slowed the pace of crushing. Since the beginning of the mustard season in February, oil mills have crushed about 3.9 million tonne of mustard seed, compared to total arrivals of 4.22 million tonne during the period.