Tur down in Latur on subdued demand from dal millers.
Ram Gopal Yadav (9 years ago)

Prices of tur were down in Latur, Maharashtra, owing to subdued demand from dal millers and domestic stockists. An increase in the arrivals of the pulse also weighed on price. Arrivals were estimated at 7,000 bags (1bag=100kg), as compared to 5,000 bags on previous close.

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.

NAFED procures 94 tonne sunflower seed in Odisha.
Ram Gopal Yadav (9 years ago)

The National Agricultural Cooperative Marketing Federation of India has procured 94 tonne of sunflower seed under the price support scheme in Odisha. The procurement drive, which started in late July, is underway in Eram district and 152 farmers have sold their crop to the agency. NAFED started procuring the crop from growers as market prices fell below the minimum support price of 3,950 rupees per 100 kg, inclusive of a bonus of 100 rupees. The agency has wound up procurement of the oilseed in Haryana and Telangana.

NCDEX soybean down 1% on adequate monsoon rains.
Ram Gopal Yadav (9 years ago)

Futures contracts of soybean fell over 1% due to adequate rains in the key growing areas of the commodity. The most-active October contract on NCDEX traded down 1.7% from previous close. Adequate rainfall on Sunday in the key growing areas of Madhya Pradesh, Maharashtra and Rajasthan is likely to benefit the soybean crop. Weakness in the soybean contract on CBOT also weighed on domestic futures.

Myanmar pulses industry in big danger.
Ram Gopal Yadav (9 years ago)

After fixing the import limits by the Indian government, the largest pulses importer in India, Myanmar pulses Industry of $ 1 billion is in danger. According to sources, the Myanmar Agri Ministry has informed the Indian Embassy there on what the Indian government can do to protect the losses incurred by Myanmar farmers. Significantly, 80 percent of pulses production of Myanmar is exported to India. Sources reveal that in the first week of September, Prime Minister Shri Narendra Modi is visit Myanmar, there is a discussion in this regard. It is worth mentioning that a special team from Tanzania came to India a few days ago to discuss this topic.

NCDEX chana hits 3% upper limit on dal millers buys.
Ram Gopal Yadav (9 years ago)

Futures contracts of chana on the NCDEX hit the 3% upper circuit on demand from the dal millers. The most active September contract was up 3.8% from previous close. Investors bought chana futures on the expectation of better demand in coming days ahead of festivals and worries of lower output of the pulse in Australia.

MMTC to auction 1,619 tonne urad via NCDEX e-Markets.
Ram Gopal Yadav (9 years ago)

MMTC offer 1,619.3 tonne of urad imported from Myanmar of the 2016 crop year for auction through NCDEX e-Markets. The pulse is stocked in the godown of Central Warehousing Corp in Wadala, Maharashtra. The bids remain valid for a maximum period of two MMTC working days, from the date of e-auction.