PHL all set to ship more sugar to US.
Ram Gopal Yadav (9 years ago)

Some 55,000 metric tons (MT) of sugar exported to the United States before October 31 to fill the additional sugar quota granted by Washington to the Philippines. Washington granted the Philippines an additional sugar quota of 63,830 MT for fiscal year 2017.

Raw sugar up on Brazil ethanol import tax.
Ram Gopal Yadav (9 years ago)

Raw sugar futures on ICE rallied to a 2-1/2-week high after Brazil confirmed it tax ethanol imports, which could possibly encourage mills to produce less sugar. October raw sugar settled up 0.35 cent, or 2.56 percent, at 14.02 cents per lb, after hitting 14.06 cents, its highest since Aug. 8. The tax raise the price of ethanol against sugar, which could encourage Brazilian mills to switch more production toward the biofuel instead of the sweetener.

NCDEX refined soya oil October gained 0.49 per cent.
Ram Gopal Yadav (9 years ago)

Extending its rising streak for the second day, refined soya oil prices strengthened by another 0.49 per cent in futures trading as speculators engaged in building up positions, driven by rising demand in the spot market. Expanding of positions by traders on the back of rising demand in the spot market against restricted supplies from producing belts mainly kept refined soya oil prices in positive terrain at futures trade.

U.S. decides to tax Argentinian biodiesel imports.
Ram Gopal Yadav (9 years ago)

U.S. Commerce Department considered that Argentinian and Indonesia exports of biodiesel are subsidized. This would result in tariffs ranging from 50.29 percent to 64.17 percent in the case of Argentina and 41.06 percent and 68.28 percent regarding Indonesia. In 2016, Argentina exported nearly US$ 1.2 billion of biodiesel to the United States.

NCDEX chana futures hit highest level since relaunch.
Ram Gopal Yadav (9 years ago)

Futures contracts of chana on the NCDEX hit 5,847 rupees per 100 kg, the highest since the re-launch of the contract. Investors bought chana futures on the expectation of better demand in coming days ahead of festivals. The most-active September contract was up 0.8% from the previous close. Prices of chana in spot markets were, however, steady.

Pace of chana procurement by NAFED slows, only 68 tonne bought in 2 weeks.
Ram Gopal Yadav (9 years ago)

The pace of chana procurement by the National Agricultural Cooperative Marketing Federation of India in four key producing states has slowed, with the agency buying only 68 tonne of the commodity in the last two weeks. Besides the fact that prices have surged above the minimum support price due to festival demand, good rains and the government’s move to cap the import of other pulses also weighed on procurement. The National Agricultural Cooperative Marketing Federation of India had procured 59,768 tonne of chana from the 2016-17 (Jul-Jun) rabi crop from four states.

Tur down in Akola on limited demand at higher rates.
Ram Gopal Yadav (9 years ago)

Prices of tur fell in the benchmark market of Akola, Maharashtra, due to subdued demand at higher rates. Prices of the commodity had increased due to improved sentiment, following the government decision to cap imports of urad, moong and tur. Arrivals were steady at 600-700 bags (1 bag = 100 kg). Kalaburagi, a key market for tur, was closed due to strike by traders protesting the mandatory e-payment system launched by the Karnataka government Rashtriya e-Markets Services.

Jharkhand farmers advised to sow pulses in fallow land.
Ram Gopal Yadav (9 years ago)

IMD’s Agrimet has advised farmers to sow short duration varieties of kulthi, urad, and tur in fallow land after the current spell of heavy rains in Jharkhand. The state is among the leading growers of kharif paddy, pulses and oilseeds. During Jun 1-Aug 23, the state received 4% above-normal rains.

Demand for survey, showing affected crop.
Ram Gopal Yadav (9 years ago)

MP Farmers say when the insurance company come from the surveyor not getting the information. Hundreds of farmers from dozens of villages reached the collectorate with the crop of affected soybean. But the collector said stop now. Let it be a little more time Because one person cannot be surveyed. Now you have come again and farmers come. After some time, the situation become clear. After this, the survey done together, the damage done by assessing the loss, but the farmers said that the crop has worn out, which is to plow the farm. Then how the loss be assessed. After this, the collector assured them to get the sum insured in the light loss.