MMTC to auction masoor, tur via NCDEX e-Markets.
Ram Gopal Yadav (9 years ago)

MMTC offer 10,992.06 tonne of masoor imported from Canada and 1,846.97 tonne of tur imported from Kenya and Mozambique for auction through NCDEX e-Markets. The pulses are stocked at warehouses in West Bengal, Gujarat and Maharashtra.

NAFED buys 60,119 tonne chana of 2016-17 crop from 4 states.
Ram Gopal Yadav (9 years ago)

The National Agricultural Cooperative Marketing Federation of India has procured over 60,119 tonne of chana from the 2016-17 (Jul-Jun) rabi crop as of Saturday from four states. Procurement drive in Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana. Procurement operations have been reined in as prices have risen above minimum support price in most key spot markets. NAFED has been buying chana under the price stabilization fund since June when prices fell below the minimum support price of 4,000 rupees per 100 kg. The highest quantity–44,094 tonne–has been procured from Rajasthan, where NAFED has 33 procurement centres, while in Madhya Pradesh 14,572 tonne has been bought from 25 centres set across the state.

Traders say 200,000 tonne new Australian chana to reach India Oct-Dec.
Ram Gopal Yadav (9 years ago)

Traders bought Australia chana at $840-$880/tonne for Oct-Dec. About 200,000 tonne of new Australian chana is likely to reach India during Oct-Dec. The Australian chickpea crop is likely to be harvested early this year, and some of that crop has been already tied up for export. About 50,000 tonne Australian chana is likely to reach India in October, another 90,000 tonne in November, and 50,000-70,000 tonne in December. Australian chana prices are likely to fall further in the coming months once rabi sowing in India starts.

Pulses import at Nhava Sheva port down 44% on-month at 78,816 tonne Jul.
Ram Gopal Yadav (9 years ago)

Import of pulses at Mumbai’s Nhava Sheva port in July was down 43.7% on month at 78,816 tonne, according to data from a shipping agent. Import of pulses declined in July as domestic prices were lower than those in the global markets. A sharp decline in imports of chana, moong and urad led to a fall in imports in the last month.

Traders peg yellow pea imports at 600,000-650,000 tonne so far FY18.
Ram Gopal Yadav (9 years ago)

India has bought 600,000-650,000 tonne yellow peas so far since April, almost the same level as the year-ago period. Roughly 300,000 tonne has been bought for the east coast so far, about 250,000 tonne for Mumbai and Mundra and the rest for other ports. While imports contracted in April were at a landed cost of about $340-$350 a tonne for the west coast, prices have since eased to about $325 a tonne. There is a possibility of prices easing by another $5-$10 a tonne in the coming months, as demand from India is seen lower this year due to ample supplies of other pulses in the country. India’s total pulses output was at a record 22.95 million tonne in the crop year ended June, up more than 40% from previous year.

Govt imposes stock holding limits on sugar mills for Sep-Oct.
Ram Gopal Yadav (9 years ago)

The government has imposed stock holding limits on sugar mills for the months September and October. Sugar mills can hold up to 21% of the total sugar supply of 2016-17 (Oct-Sep) season as of end of September, and 8% of the supply as of end of October. Paswan also said that there is no shortage of sugar for domestic consumption. Stock limit has been introduced to keep prices of sugar in check with a slew of festivals lined up for the next few months

India sugar down in spot as govt imposes stock limit on mills.
Ram Gopal Yadav (9 years ago)

Prices of sugar fell in the key wholesale markets of the country as implementation of stock holding limit on mills dampened the sentiment for the commodity. Government has imposed stock holding limits on sugar mills for September and October. Sugar mills can hold up to 21% of the total sugar supply of 2016-17 (Oct-Sep) season as of end of September, and 8% of the supply as of end of October.

Uttar Pradesh may keep 2017-18 cane price unchanged at 305 rupees/100 kg.
Ram Gopal Yadav (9 years ago)

Uttar Pradesh government is likely to keep the administered price of cane for 2017-18 (Oct-Sep) unchanged at 305 rupees per 100 kg. It is most likely that the state-advised price for sugarcane will not be raised for 2017-18. Reduction in price is anyway not possible as it would clash with farmers’ demand for higher prices. In 2016-17, Uttar Pradesh had raised the administered price of cane by 25 rupees per 100 kg to 305 rupees after keeping it unchanged for three years. The state government is likely to continue with its sugarcane pricing policy for at least two more years, a senior official from the state cane department had said earlier this month.