MMTC to auction 1,619 tonne urad via NCDEX e-Markets.

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.

U.S. sells soybeans and meal.

The U.S. private exporters sold 132,000 tonnes of U.S. soybeans to China for delivery in the 2017/18 marketing year that begins Sept. 1, 2017. Private exporters sold 105,500 tonnes of U.S. soymeal to Thailand for delivery in the 2017/18 marketing year that begins Oct. 1, 2017.

Malaysia, Indonesia Plans to Export Palm Oil to China.

Malaysia and Indonesia discuss plans to export crude palm oil (CPO) for biodiesel to China. The two countries discussing the plan to export CPO to China. The latter is seeking to adopt 5% biodiesel blended with petroleum diesel (B5) program. China is eyeing biodiesel as it increases environmental control. The implementation of the B5 program would create a large CPO market. Therefore, Indonesia and Malaysia ought to cooperate to meet China demand. Malaysia wishes to expand biodiesel market to other countries, such as India and the Philippines.

Ukraine exported 124.3 KMT of rapeseed.

Ukraine exported 124.3 KMT of rapeseed in the first month of the new 2017/18 season, or twice as much as in July 2016 (61.3 KMT). Such an active start of export sales is observed for the first time in the last three seasons. European countries continued to be the key buyers of Ukrainian rapeseed in July 2016/17 (66% of total exports). Among them, the greatest volumes were shipped to Germany and Portugal. This year rapeseed crops up at 2.1-2.2 MMT that enable Ukraine to raise its export potential by almost 60% against last year.

India Pulses end steady in tight movements.

There was not much activity at the wholesale market as prices by and large moved in a narrow range on alternate bouts of trading and pegged at last levels. Adequate stocks position against sporadic demand mainly kept pulses prices steady.

Delhi Gram, masoor move up on scattered demand.

Gram and masoor prices firmed up by Rs 100 per quintal at the wholesale market on mild demand from retailers. However, other pulses moved in a narrow range in limited deals and pegged at last levels. Uptick in demand from retailers mainly led to rise in gram and masoor prices.

Australia to help India become a pulses-processing hub.

Australia is learnt to be exploring ways to help India transform into a pulses-processing hub. Towards this objective, the Australian government and that country agri-business companies hold talks with the Government of India and Indian companies including those into processing, retail and imports of pulses, on the sidelines of the Australia Business Week in India (ABWI). The ABWI is slated to be held from August 28 to September 1 with an aim to promote Australian capability and expand Australia trade, investment and education relationships.

Ukraine early cereals and pulses harvest is over.

In Ukraine, early cereals and pulses were harvested from 9639 Th hectares (100%). Farmers gathered 37224 KMT with an average yield of 3.86 MT/hectares against 37948 KMT with an average yield of 3.94 MT/hectares as of August 22, 2016. Farmers got 1095 KMT of peas from 410 Th hectares with an average yield of 2.67 MT/ha. As of August 22, 2016, these figures equaled 763 KMT, 237 Th hectares and 3.22 MT/ha, respectively.