CBOT corn retreats on forecasts for large US crop.
India sugar prices stable in most spot markets, down in Kolhapur.
Prices of sugar were largely unchanged in the key wholesale markets of Delhi, Muzaffarnagar and Mumbai due to lacklustre trade. Sugar prices, however, fell in the key wholesale market of Kolhapur, as implementation of a stock-holding limit on mills dampened the sentiment.
NAFED buys 60,259 tonne chana of 2016-17 crop from 4 states.
As of Wednesday, the National Agricultural Cooperative Marketing Federation of India had procured 60,259 tonne of chana from the 2016-17 (Jul-Jun) rabi crop from four states. The slowdown in the pace of procurement was due to rising prices in spot markets ahead of festivals.
EU raises maize import tariffs.
EU raises maize import tariffs.
Warana Sugar head sees India 2017-18 output at 22 million tonne.
India sugar production in 2017-18 (Oct-Sep) is set to fall short of even the most conservative of government estimates, of 23.5 million tonne, Kolhapur-based Warana Sugar Ltd told in the Sugar Conclave-2017 being held in the city. Warana estimate for sugar output is more than 6% below the lower end of the food ministry projection of 23.5-24.0 million tonne and 12% lower than the Indian Sugar Mills Association estimate of 25.1 million tonne.
NCDEX chana down as exchange imposes 5% margin.
Futures contracts of chana on NCDEX were down for the third straight day as the exchange has imposed 5% additional margin on buy and sell positions. The most active September contract traded down 2.7% from the previous close. According to traders, speculators have reduced their positions as well as exposure which is the result of easing demand due to adequate stocks present in the spot market.
Ukraine angles for yellow maize export to Kenya.
Ukraine angles for yellow maize export to Kenya.
Govt may extend stockholding limit on sugar traders for 6 months.
The government may extend the stockholding limit on sugar traders for another six months in order to maintain adequate supplies in the market and to keep prices under control. Stockholding limit on traders have to be continued for another six months to prevent hoarding.
Coriander prices fall on muted demand in Delhi.
Coriander prices fall on muted demand in Delhi.
All-India cotton arrivals up at 2,500 bales as on 31 august.
All-India cotton arrivals up at 2,500 bales as on 31 august.
Andhra groundnut farmers asked to control insects.
IMD Agrimet has advised farmers in Andhra Pradesh to control the menace of leaf eating caterpillars, red hairy caterpillars, stem borer, and leaf folder insects in the groundnut crop to get optimal yield. The present weather conditions are favourable for the insect attacks. The disease may lead to shrivelling and wilting of the plants and eventually hit the yield. These attacks are common when the weather turns humid after rains.
Blast disease attack on paddy spotted in Chhattisgarh.
Blast disease attack on paddy spotted in Chhattisgarh.
Cotton Outlook raises year to Jul global output, demand projections .
Cotton Outlook raises year to Jul global output, demand projections .
Higher supply weighs on groundnut seed in Junagadh.
Prices of groundnut seed fell in Junagadh, Gujarat, due to higher arrivals and lacklustre demand from domestic oil millers and crushers. In Junagadh, the key market for the oilseed, it was sold at down 10 rupees from previous close. In Gondal, another key market, the commodity was quoted down 15 rupees. Arrivals of the oilseed in Junagadh were estimated at 3,000 bags (1 bag= 20 kg), up 1,000 bags from previous close.
Thailand export up by 17% from last year.
Thailand export up by 17% from last year.
MCX de-accredits Jalna’s cotton warehouse with immediate effect.
MCX de-accredits Jalna’s cotton warehouse with immediate effect.
Ukraine exported a record 4.5 MMT of sunmeal.
Sunmeal exports from Ukraine totaled 384 KMT in July 2017 that was the largest volume for this month. The pace of export sales slowed down to some degree against June 2017 (-2%), though being up 50% year-on-year. In general, they remain at a record level in the current season. So, 4519 KMT of sunmeal was supplied to foreign markets during the eleven months of MY 2016/17, or 26.6% more than at the same time last season (3570 KMT).
CBOT wheat climbs on end-month technical buying.
CBOT wheat climbs on end-month technical buying.
Russia oilseed stocks are up 23.5% year-on-year.
As of August 1, 2017, Russian growers held 440.8 KMT of oilseeds, or 84 KMT (23.5%) more than at the same time last year (356.8 KMT). Oilseed stocks decreased 75.9 KMT in July. Grower sunseed inventories totaled 176.1 KMT, or 25.8 KMT (17.2%) more than at the same time last year (150.3 KMT). Sunseed stocks decreased 113.5 KMT in July.
Appellate body to decide on Madhya Pradesh basmati tag claim.
Appellate body to decide on Madhya Pradesh basmati tag claim.