Colombia lifts import restrictions on US paddy rice.
Cotton acreage 11.9 mln ha as of 31 aug, up 18% on year.
Cotton acreage 11.9 mln ha as of 31 aug, up 18% on year.
Food minister says to take decision on sugar import soon.
The government is likely to soon take a decision on import of sugar to augment domestic supplies, as stocks are expected to fall to critically low levels. Government soon take a decision on the need to import sugar, Food Minister Ram Vilas Paswan posted on microblogging site Twitter. The government had taken an in-principle call to allow import of duty-free sugar, and modalities of import would be finalized soon. The government may be looking at another round of duty-free import also because it doesn’t want prices to rise ahead of the festival season.
Thailand rice consumption, exports increase with government sales.
Thailand rice consumption, exports increase with government sales.
Kedia Comtrade says buy NCDEX Oct coriander.
Kedia Comtrade says buy NCDEX Oct coriander.
Farmers across India are sowing more cotton, less oilseeds and pulses.
As September comes around with the promise of the first harvests in a few weeks, data released by the Ministry of Agriculture on Friday indicate that the overall kharif season sowing acreage as of the end of August is 0.5% less than the previous year. This year, farmers across India have moved decisively away from what were once profit-making crops such as oilseeds as well as jute, whose profit margins continue to remain insignificant. The equilibrium in sowing acreage comes almost entirely from an 18% increase in cotton acreage and 9% increase in sugarcane acreage. Farmers across the country have chosen to invest more in cotton this year. The highest increase comes from Telangana, which has sown 18.24 lakh hectares of cotton against last year’s 12.5 lakh hectares, representing a 5% increase.
India maize prices remain stable on subdued demand.
India maize prices remain stable on subdued demand.
NCDEX chana up over 1% on bargain buying.
Futures contracts of chana rose over 1% on NCDEX due to bargain buying by investors after prices hit a one-week low. The most-active September contract was up 1.1% from previous close.
Reduction of the Brazilian summer corn crop would be 20%.
Reduction of the Brazilian summer corn crop would be 20%.
Tur up in Akola, Kalaburagi on dal millers demand.
Prices of tur in most key markets rose due to demand from dal millers. Concern about lower acreage was also seen supporting tur prices.
Rabobank cuts Jul-Sep corn price estimate as output seen higher.
Rabobank cuts Jul-Sep corn price estimate as output seen higher.
Moong down in Jaipur as supplies increase.
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.
E.U. doubles import duty for corn.
E.U. doubles import duty for corn.
Indonesia extending duty-free palm oil exports till October.
The country will keep its zero-export duty on crude palm oil at least till the end of September 2017. So, Indonesia has been charging no duty on this product’s exports for five consecutive months now.
Bajra acreage at 7.1 mln ha as of 31 aug, up 4.5% on year.
Bajra acreage at 7.1 mln ha as of 31 aug, up 4.5% on year.
Ukraine exported USD 2.8 billion worth of vegoils in 2017.
The country exported 3.792 MMT of vegoils to an amount of USD 2.834 billion in January-July 2017. In particular, exports of sunflower, safflower and cotton oils totaled 3.656 MMT to an amount of USD 2.728 Bl. The largest volumes went to India (USD 933.265 million worth, 34.2% of their exports in value terms), Spain (USD 282.14 million worth, 10.3%) and China (USD 228.187 million worth, 8.4%). Exports to other countries totaled USD 1.284 billion (47.1%). The share of these commodity items in overall exports reached 11.4% in value terms. Soybean oil exports totaled 108.653 KMT to an amount of USD 81.755 Ml. Exports of rape and mustard oils made up 7.952 KMT to an amount of USD 6.747 Ml.
India spot wheat prices rise in Delhi, fall in Indore.
India spot wheat prices rise in Delhi, fall in Indore.
Rabobank sees palm oil prices tad up as CBOT soy complex choppy.
Global palm oil prices are likely to find short-term support in Jul-Sep as global soybean complex prices remain volatile. The financial services company has revised slightly upwards its price forecast for crude palm oil contracts on the Malaysian bourse at 2,500 ringgits (37,510 rupees) per tonne and 2,400 ringgits on an average for Jul-Sep and Oct-Dec, respectively. Palm oil prices are cheaper compared to soyoil, therefore demand for the former would increase. Increasing production of the edible oil and relatively slow exports, which led to higher Malaysian palm oil stocks, are also seen bearish for prices. CBOT soybean prices are seen lower in the coming months on record output of 114.5 million tonne in 2016-17 and selling by fund managers.
India bans wheat import from wheat blast-hit Bangladesh, S America.
India bans wheat import from wheat blast-hit Bangladesh, S America.
NCDEX soybean up as overall acreage down so far.
Futures contracts of soybean rose on NCDEX as acreage under the oilseed fell across the country as of Thursday. Farmers have planted nearly 10.52 million ha of soybean till last week, as against 11.33 million ha sown during the same period a year ago. Prices rose also because of improved demand from oil miller due to positive crush margins. Demand for soyoil, a derivative of soybean, is rising in domestic markets due to higher consumption of the edible oil in the ongoing festival season. The most-active October contract of soybean on NCDEX was up 0.7% from the previous close.