Prices of tur in the benchmark market of Akola, Maharashtra, rose due to improved sentiment. Arrivals were at 700-800 bags (1 bag = 100 kg), down from 1,000 bags on previous close. The price up of lemon tur in Mumbai.
Punjab CM sees state’s rice production 2017-18 up 44% at 18.2 MMT.
Punjab CM sees state’s rice production 2017-18 up 44% at 18.2 MMT.
Urad, moong up 300-500 rupees/100 kg on import curbs.
Prices of urad and moong rose 300-500 rupees per 100 kg in key markets after the government capped imports of the pulses at 300,000 tonne a year. The government has imposed restrictions on import to support prices, which continue to remain below the minimum support price.
NCDFI to buy 7,300 tn de-oiled rice bran.
NCDFI to buy 7,300 tn de-oiled rice bran.
CANADA DURUM WHEAT AUGUST OUTLOOK:
CANADA DURUM WHEAT AUGUST OUTLOOK:
India rice procurement for 2016-17 is 38.73 on 18 aug MMT vs 34.12 MMT in LY.
India rice procurement for 2016-17 is 38.73 on 18 aug MMT vs 34.12 MMT in LY.
CANADA Wheat (excluding durum) AUGUST OUTOOK:
CANADA Wheat (excluding durum) AUGUST OUTOOK:
NCDEX coriander ends 1% down due to profit booking.
NCDEX coriander ends 1% down due to profit booking.
Russian wheat prices fall, tracking lower global benchmarks.
Russian wheat prices fall, tracking lower global benchmarks.
All-India cotton arrivals steady at 3,200 bales as on 21 august.
All-India cotton arrivals steady at 3,200 bales as on 21 august.
Groundnut, mustard oils up on retailer demand.
Prices of groundnut and mustard oils rose by up to Rs 100 per quintal at the wholesale oils and oilseeds market today largely on pick-up in demand from retailers. Castor oil, in the non-edible section, also traded higher on increased offtake by consuming industries. Besides uptick in demand from retailers, fall in arrivals from producing belts mainly led to the rise in groundnut and mustard oil prices.
Taiwan’s MFIG tenders to buy up to 130000 MT of corn.
Taiwan’s MFIG tenders to buy up to 130000 MT of corn.
US Soybean Conditions Improve Slightly.
Recent rainfall in South Dakota is giving crops a major boost this week. The Crop Progress report issued by USDA-NASS shows soybean crops in the state had eight-point gains. Crop is now rated 42% good to excellent. But, gains discovered in South Dakota were lost in Illinois. Illinois soybean crop also declined. This week, 60% is good to excellent, down three points. Overall, the national soybean rating gained a point to 60% good-excellent.
NCDEX to add Akola, Jaipur, Ashok Nagar as chana delivery centres
The NCDEX Ltd add Akola, Jaipur and Ashok Nagar as additional delivery centres for chana futures expiring from December. New additional delivery centres were major producing and processing centres and would assist market participants at these locations to trade efficiently on the exchange. Exchange has also advised to take note of increase in position limit as notified on Aug 14 as per the SEBI.
Delhi chana up on rise in demand ahead of festivals
Chana up due to demand from dal millers ahead of festivals, amid limited supplies. Though the arrivals are unchanged in Delhi, they are inadequate to meet the current demand. Arrivals of chana in Delhi were pegged at 525 tonne, unchanged from Saturday, while in Bikaner, it was 700 bags (1 bag =100 kg) up from 500 bags.
Tur prices unavailable as spot markets shut
Prices of tur were unavailable as key markets, including Akola in Maharashtra and Gulbarga in Karnataka, were shut for Amavasya.
Farmers in the country have sown tur across 4.08 million ha as down 18.2% on year
The significant decline in acreage in two of the largest tur-growing states–Maharashtra and Karnataka–has pulled down the country’s total area under the crop. Tur acreage in Maharashtra was down 15.2% on year at 1.26 million ha as and in Karnataka, the acreage declined 28.8% to 817,000 ha.
Moong, urad may soar 6-8% Wed on govt import curbs
Prices of urad and moong are likely to soar 6-8% in key markets after the government decided to cap the import of the commodities at 300,000 tonne a year. The government’s decision to cap import on pulses was taken after traders sought restrictions on import to ensure better prices for the domestic crop.
Government caps import of urad, moong at 300,000 tonne per year
Government has capped the import of urad and moong at 300,000 tonne per year, decision comes after traders urged the government to impose restrictions on import of the grains to ensure better prices for the domestic crop. Sowing of moong, however, has slowed down due to poor rains in the major growing states of Karnataka and Maharashtra. On Aug 5, the government had notified an import limit of 200,000 tonne per year for tur. It had also imposed an import duty of 10% on tur in March, which raised hopes of similar duties on import of urad and moong.
Wheat down in Delhi on low demand; Indore mkt shut
Wheat down in Delhi on low demand; Indore mkt shut