US wheat market under pressure due to Russia’s increase in production.
Dairy body to buy 200 tonne de-oiled soy cake on Sep 19.
The National Cooperative Dairy Federation of India buy 200 tonne of de-oiled soybean cake and 200 tonne of groundnut extractions through a reverse auction on Sep 19.
Wheat exports from Bulgaria exceeded 1 MMT.
Wheat exports from Bulgaria exceeded 1 MMT.
Jaipur mustard seed extends gain on limited supply.
Prices of mustard seed rose in Jaipur for the second straight day due to limited supply in the markets and improved demand from domestic oil millers and crushers. Export demand for mustard meal also supported prices.
Nestle to use 100% Mexican wheat.
Nestle to use 100% Mexican wheat.
Palmolein oil up on uptick in demand from retailers in Delhi.
Palmolein oil prices firmed up by Rs 50 per quintal at the wholesale oils and oilseeds market backed up by pick up in demand from retailers. However, other edible oils held steady in thin trade. Castor oil in the non-edible section, also recovered on increased offtake by consuming industries. Traders attributed the rise in palmolein oil prices to upsurge in demand from retailers. Rajkot groundnut oil prices moved down due to supply pressure.
Bajra rise on increased offtake.
Bajra rise on increased offtake.
Canada Canola flat as soybeans rise on dry Midwest weather.
Canola futures were little changed even as soybeans surged higher. The seven days forecast for the Canadian Prairies remains dry and the cool weather should give way to warmer temperatures and the rest of the week. Soybeans rose on dry weather in the U.S. Midwest that could prevent the crop from reaching its full potential. Also, a new soybean purchase by China underlined the good pace of export demand for American beans. Soymeal closed higher, but soy oil finished lower after being higher in the morning.
Odisha targets to procure 3.6 MMT Rice during 2017-18 Khariff season.
Odisha targets to procure 3.6 MMT Rice during 2017-18 Khariff season.
Canada frost damage to soybeans.
Frost damage to soybeans depends on the stage of the soybeans and how cold it gets and for how long. Frost is possible two days Wednesday morning in parts of Manitoba. Soybean growth stage is determined by examining the pods. It is all about the pods, so don’t get distracted by the condition of the leaves. The more advanced/mature the soybeans pods are, the less the potential yield loss.
Army ration wing to buy 16,900 tn rice on Sep 26.
Army ration wing to buy 16,900 tn rice on Sep 26.
Malaysia CPO down on increase in output concerns.
Futures contracts of crude palm oil on Bursa Malaysia Derivatives were down as traders were cautious over the increase in production in the coming months. The most active November futures contract traded at 2,761 ringgits (41,704rupees) per tonne, down 6 ringgits from the previous close. An appreciation in the Malaysian currency against the dollar further supported the fall in prices. Strength in the ringgit against the greenback makes palm oil unattractive for Malaysian exporters.
Thailand approves $2.2 bln rice farmer aid.
Thailand approves $2.2 bln rice farmer aid.
Lemon tur down in Mumbai; Akola, Kalaburagi markets shut.
Prices of Lemon tur in Mumbai fell because of lower demand from dal millers. The benchmark market of Akola in Maharashtra, as well as other key markets such as Kalaburagi in Karnataka were shut on account of Anant Chaturdashi.
Indonesia caps rice prices in bid to keep food costs stable.
Indonesia caps rice prices in bid to keep food costs stable.
MMTC invites bids for sale of 7,090 tonne masoor, 2,010 tonne tur.
MMTC Ltd has floated a tender to sell 7,090 tonne imported masoor lying at the Mumbai Port Trust shed. MMTC has also floated tender to sell 2,010 tonne imported tur and 1,965 tonne imported urad. The urad and tur are lying at the Central Warehousing Corp, Vashi and Maharashtra State Warehousing Corp, Panvel. Bids must be submitted on Sep 12. The bids remain valid for acceptance till Sep 14.
NCDEX coriander contracts fall 2% as imports rise.
NCDEX coriander contracts fall 2% as imports rise.
Bikaner, Delhi chana down on lower buys by dal millers.
Chana prices were down in key markets of Delhi and Bikaner because of lower demand from dal millers. Futures contracts were also weak with most-active October contract down 1.7%.
NCDEX cotton oilcake up over 1% on short covering.
NCDEX cotton oilcake up over 1% on short covering.
ISMA says mills plan early crushing, to produce 800,000 tonne sugar October.
Sugar mills across the country are likely to produce over 800,000 tonne sugar in October. Usually, sugar mills produce about 300,000 tonne or less sugar in October. The Centre has 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. ISMA has estimated mills in Uttar Pradesh produce about 293,000 tonne sugar and those in Maharashtra about 391,000 tonne of the sweetener in October. Sugar output in October is projected at 6,000 tonne for Tamil Nadu, at 91,000 tonne for Karnataka and at 22,000 tonne for Gujarat. Crushing at almost all sugar mills across the country would be in full swing by Nov 1. Therefore, we can expect to get another 16-17 lac tons (1.6-1.7 million tonne) sugar in the first 15 days of November.