Basmati millers in Punjab rue hike in mandi fee, RDF.
Food regulator mulls lowering trans fat limit in edible oils to 2%.
The Food Safety and Standards Authority of India is looking at reducing the permissible limit for trans fat in edible oils and spreads to 2% from 5%. The regulator had in 2015 lowered the permissible limit for trans fat in edible oils to 5% from 10%, and given edible oil processors time till Feb 27 this year to comply with the norm. Health experts, however, have been seeking zero tolerance for trans fat in edible oils and spreads, as it is linked to higher risk of heart disease. Many countries allow only up to 2% trans fat in food products. The general thinking is that trans fat below 5% is safe.
Indian basmati rice FOB down in August by 4.32%.
Indian basmati rice FOB down in August by 4.32%.
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).
Brazil corn production estimated 26.1 MMT for 2017/18, 14% lower from LY.
Brazil corn production estimated 26.1 MMT for 2017/18, 14% lower from LY.
Delhi chana prices up tracking NCDEX, higher demand.
Prices of chana rose in Delhi tracking NCDEX and also due to a slight increase in demand from dal millers. NCDEX chana contracts rose because of short covering by market participants. Open interest in the most-active October contract fell to 30,720 tonne from 30,810 tonne, which indicates short covering by investors.
Muted demand pushes down coriander futures by 1.86%.
Muted demand pushes down coriander futures by 1.86%.
Tamil Nadu floats tender to buy 30,000 tonne processed pulses.
Tamil Nadu Civil Supplies Corp has invited bids to buy 30,000 tonne of processed pulses to be delivered at the agency’s warehouse in Chennai. The processed pulses should be as per Agmark specifications. The agency procures any one of the following–tur dal, or Canadian yellow masur, or red masur whole dal. Bids must be submitted on Sep 15, and opened the same day. The bids remain valid for acceptance till Dec 12.
Source says govt sees Oct sugar production at around 400,000 tonne.
Mills across the country are likely to produce around 400,000 tonne sugar in October. Earlier, Indian Sugar Mills Association had estimated production in October at 800,000 tonne, due to expectations that crushing of sugarcane would start earlier than usual this year. The Centre had asked millers across the country to begin cane crushing operations for the 2017-18 (Oct-Sep) season early in October, in a bid to tide over likely shortages during the festival season.
Pulses farmers income fell 16% in 2016-17: Crisil study.
The profit margin of pulses farmers fell 16 per cent on average in 2016-17 due to record production. If gram is excluded, margins have fallen by 30 per cent. While the selling price of pulses fell, the cost of cultivation continued to rise. Cost of cultivation increased 3.7 per cent year-on-year in agriculture year (July to June) 2016-17, compared with 2.8 per cent in the previous year and hence increase in MSPs did little to stem the fall in their earnings. Fall in farmers’ income is due to a record production of 22.95 million tonnes of pulses in 2016-17, up 40 per cent over the previous year and 19 per cent higher than the previous record of 19 million tonnes in 2013-14.
Tamil Nadu floats tender to buy 40,000 tonne sugar.
Tamil Nadu Civil Supplies Corp has invited bids to buy 40,000 tonne of S-30 grade sugar. Bids must be submitted on Sep 21. The government is procuring sugar from the open market for supply under the public distribution system.
Fall in India wheat import quotes.
Fall in India wheat import quotes.