Andhra groundnut farmers asked to control insects.
Ram Gopal Yadav (9 years ago)

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.

Higher supply weighs on groundnut seed in Junagadh.
Ram Gopal Yadav (9 years ago)

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.

Jaipur mustard seed slightly up on demand for meal.
Ram Gopal Yadav (9 years ago)

Prices of mustard seed were up in Jaipur due to higher demand from crushers. Reports of a decline in mustard seed output in Canada, one of the largest producers of the oilseed, is also seen creating a positive sentiment. On the NCDEX, the most-active September futures contract of mustard seed traded up 0.5%.

Soybean up on bargain buying, bullish CBOT cues.
Ram Gopal Yadav (9 years ago)

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.

CBOT soybean up due to rise in demand from China.
Ram Gopal Yadav (9 years ago)

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.

NCDEX Chana futures slide 2.48% on weak demand.
Ram Gopal Yadav (9 years ago)

Chana prices were traded lower by 2.48 per cent in futures market as speculators reduced their exposure, driven by easing demand in the spot market against adequate stocks. At the National Commodity and Derivatives Exchange, chana for delivery in September moved down by Rs 157, or 2.48 per cent. Cutting down of positions by traders owing to subdued demand in the physical market against enough stock position primarily led to the decline in the chana prices.

India OKs tur import from Myanmar.
Ram Gopal Yadav (9 years ago)

India, which had capped import of tur at 200,000 tonne earlier this month, has now relaxed the curbs for tur consignments coming from Myanmar for which advance payments had been made prior to the restriction. Tur import consignments from Myanmar for which advance payments were made before Aug 5, and invoices and payment documents have been authenticated by the Myanmar government and banks, allowed to come in despite the import cap. The relaxation comes as a relief to Burmese pulses exporters, which have sold large quantities of tur to India. On Aug 5, India had capped import of tur at 200,000 tonne per annum to check the fall in local prices following a bumper harvest of pulses in 2016-17. The import cap, in effect, was a ban on further imports of tur, as India had imported close to 250,000 tonne of tur during Apr-Jul. The import restrictions on tur are not applicable to imports under bilateral trade agreements.