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.

Pest menace, weak rains, lower area to spur soy prices 10% Oct-Nov.
Ram Gopal Yadav (9 years ago)

Defying the usual bearish trend during fresh arrival season, soybean prices may rise 10% in Oct-Nov, bolstered by pest attacks, weak rains, and projections of lower acreage. Anticipation of a smaller crop size this year due to fall in area and weather vagaries may primarily support prices. Soybean may rise by around 10% during Oct-Nov. India’s soybean output is likely to fall 5% to 9.6 million tonne in 2017-18 (Oct-Sep) as acreage is seen lower in key growing areas. We expect prices to rise by nearly 10-12% by October-end and November, as by that time, we’ll have a clearer picture of the damage to crop and fall in production.

NCDEX soybean at week low as yields seen higher.
Ram Gopal Yadav (9 years ago)

Futures contracts of soybean fell to a one-week low on NCDEX because of increased prospects of recovery in the yields following favorable rainfall in major growing areas. The crop is previously under threat due to deficient rains in Madhya Pradesh and Maharashtra. Spot prices of soybean in the benchmark market of Indore, Madhya Pradesh, also fell.