Malaysia CPO down on increase in output concerns.
Ram Gopal Yadav (9 years ago)

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.

MMTC invites bids for sale of 7,090 tonne masoor, 2,010 tonne tur.
Ram Gopal Yadav (9 years ago)

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.

ISMA says mills plan early crushing, to produce 800,000 tonne sugar October.
Ram Gopal Yadav (9 years ago)

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.

Jr farm minister says maintaining 2016-17 pulses output a challenge.
Ram Gopal Yadav (9 years ago)

Maintaining the record pulses output of 2016-17 (Jul-Jun) this year would be a challenge as some farmers have shifted to other crops looking for better realisations. Last year we harvested record pulses and reached close to self-sufficiency. This year it seems a challenge. Indian farmers harvested 22.95 million tonne of pulses in 2016-17, up from 16.35 million tonne previous year, according to the fourth advance estimates of farm ministry. National Bulk Handling Corp Pvt Ltd has estimated India’s kharif pulses output for 2017-18 at 8.5 million tonne, less than 9.4 million tonne harvested a year ago. India’s pulses output seen falling this year as the bumper crop last year weighed on prices, discouraging farmers from sowing pulses.

Record sugar output 9.7 million tonne in UP likely in 2017-18: ICRA
Ram Gopal Yadav (9 years ago)

ICRA estimated the state’s sugar production to stand at 9.7 million tonnes (mt) in the upcoming season this year. Meanwhile, data compiled by the All India Sugar Trade Association pegged the state’s sugar output at 8.7 mt during 2016-17. This indicates mills in UP would produce 11.5 per cent more sugar in the coming season or nearly four times the state’s own consumption. Domestic production for the full season during 2018 is likely to increase by 18-20 per cent to 24-24.5 mt, driven principally by a recovery in cane availability in Maharashtra and North Karnataka, besides support from monsoons.

Moong down in Jaipur as supplies increase.
Ram Gopal Yadav (9 years ago)

Prices of moong in the benchmark market of Jaipur were down, as supplies in local markets increased. Although arrivals in Kalaburgi are unchanged from previous close, they were higher from a week ago, and this was seen creating bearish sentiment. A sharp fall in prices of pulses was prevented because of concern about a smaller lower crop in Rajasthan and Karnataka.