India rice mills seek removal of GST on branded rice.
India coffee exports during Jan 1- Aug 31.
India coffee exports during Jan 1- Aug 31.
Soybean up on bargain buying, bullish CBOT cues.
Futures contracts of the edible oil basket, barring mustard, traded higher tracking gains in international markets. Soybean on National Commodity and Derivatives Exchange traded higher due to bargain buying after the prices fell over 6% in the past four trading sessions. Lower acreage of soybean further supported the prices on the domestic bourse.
Govt wheat sales via OMSS remain weak at 193,000 MT.
Govt wheat sales via OMSS remain weak at 193,000 MT.
CBOT soybean up due to rise in demand from China.
Futures contracts of soybean extended gains on the CBOT due to a rise in imports from China. The US is the largest exporter of soybean in the world, while China is the largest importer. The shift in demand for soybean from Brazil to the US further supported prices. Brazilian traders are reluctant to sell soybean at the prevailing low prices. The most active November contract on the CBOT was at $9.4850 per bushel, up 0.3% from the previous close.
CBOT wheat up nearly 1% as Canada crop seen down.
CBOT wheat up nearly 1% as Canada crop seen down.
Indore soybean down on anticipation of higher yield.
Soybean prices in Madhya Pradesh benchmark market of Indore fell on anticipation of higher yields of the upcoming kharif crop. Good rains in Madhya Pradesh during the past few days, which help in better yields. Traders are not buying right now, as they expect prices to fall further in coming days.
Canadian hard red wheat bids drop with US harvest pressure.
Canadian hard red wheat bids drop with US harvest pressure.
Olam Agro takes delivery of 4,530 tonne of soybean on NCDEX.
Olam Agro India Pvt Ltd took delivery of 4,530 tonne soybean on the National Commodity and Derivatives Exchange in the August contract. Olam Agro also took delivery of 3,690 tonne of the same-month contract of mustard, while the largest delivery was made by Cargill India Pvt Ltd at 1,000 tonne.
EU wheat falls as traders lock in profits.
EU wheat falls as traders lock in profits.
Sunseed stocks in Ukraine were up 69% year-on-year.
Sunseed stocks in Ukraine totaled 729.4 KMT as of August 1, 2017, or 69% more than on the same date last year (431.5 KMT). 383.0 KMT out of this volume was held by growers themselves (+85.87 KMT or up 28% year-on-year), while sunseed storage and processing companies accounted for 346.4 KMT (+212.1 KMT or up 158%). By August 1, 2017, crushers had stockpiled almost 79.7% more soybeans than at the same time last year (135.7 KMT against 75.5 KMT by August 1, 2016). Rapeseed availabilities as of the reporting date were up 81% year-on-year at 988.4 KMT against 546.55 KMT as of August 1, 2016.
First 30,000 MT shipment of Russian wheat arrives in Venezuela.
First 30,000 MT shipment of Russian wheat arrives in Venezuela.
Ukraine new season starting with low rapeseed crushing.
Rape oil production by Ukraine large and medium-sized crushers hit a five-year low of 2.8 KMT in July 2017 that was down 71.4% from July 2016 (9.8 KMT).
India wheat futures soften 0.18% on ample stocks in spot markets.
India wheat futures soften 0.18% on ample stocks in spot markets.
Food Corp sells 60,000 tonne pulses of 395,000 tonne allowed for sale.
The Food Corp of India has sold nearly 60,000 tonne pulses over the 15 days through open market sales scheme. Sale of pulses has picked up now. In a meeting held on Aug 17, government allowed us to sell entire stock of moong, while for other pulses, they allowed sale of the stock purchased more than nine months ago. The central government issued a permit to sell 395,000 tonne of domestically purchased pulses from its stocks. The Centre is selling pulses from its buffer stock by floating tenders under the open market sales scheme to dispose of inventories, which rose sharply due to a bumper output last year followed by high imports.
Russia likely to produce another record wheat crop.
Russia likely to produce another record wheat crop.
Relief for tur importers if deals prior to Aug 5 registered.
Importers of tur, who had signed import contracts prior to a quantitative cap on overseas purchases on Aug 5, can avail relaxation on the import cap if they register those contracts with the government. Such contracts registered by the regional authorities after verifying that companies had entered into contracts prior to Aug 5. The government on Thursday had relaxed the norms by allowing consignments from Myanmar and other exporting countries for which advance payments were made prior to the restriction.
U.S corn exports firm week on week.
U.S corn exports firm week on week.
Shree Renuka Sugars sees India heading for tight sugar supply ’17-18.
The Indian sugar industry is set to witness yet another year of tight supplies despite a 20% rise in output expected in 2017-18 (Oct-Sep), as ending stocks are seen tumbling to multi-year lows. Sugar stocks at the end of October falling to around 1.5 million tonne.
Urad down in Kalaburagi as arrivals of new crop up.
Prices of urad in Kalaburagi, Karnataka, fell as arrivals of the new crop increased amid subdued demand from dal millers. New crop arrivals of urad in Kalaburagi were estimated at 1,000 bags in Gulbarga.