India has allowed export of 122.23 tonne of pulses to Maldives under a bilateral trade agreement between the two countries. The export of the two commodities is exempt from any existing or future restrictions. India had banned export of pulses a decade ago when low supply had pushed up domestic prices of tur, urad, and moong to record high.
China planning to sell 1.2 MMT of corn from state reserves on 18 August.
China planning to sell 1.2 MMT of corn from state reserves on 18 August.
Chana prices up in Delhi on demand from millers.
Prices of chana rose in Delhi because of demand from dal millers ahead of various festivals. Arrivals of chana up in Delhi and Bikaner. On the NCDEX, the most active September contract was up 2.4% from previous close.
Argentina corn area will expand to record of more than 5 mln ha in 2017/18.
Argentina corn area will expand to record of more than 5 mln ha in 2017/18.
Govt says no more import of tur in FY18 as cap of 200,000 tonne hit.
More imports of tur in the current financial year are not required as the 200,000-tonne limit for the fiscal has already been hit. The government has capped import of tur at 200,000 tonne per annum in a bid to check the sharp fall in domestic prices. The import restrictions though not apply to the government import commitments under bilateral trade agreements and other pacts. The move of capping imports comes in the wake of domestic tur prices plunging to fresh lows due to bumper production. Huge procurement to buoy the falling prices by the government also did not serve the purpose.
NCDEX coriander up on short covering post 5-year low.
NCDEX coriander up on short covering post 5-year low.
Tur up in Akola on improved demand from dal millers.
Prices of tur at Akola, Maharashtra, rose because of improved demand from dal millers.
NCDEX cotton oilcake up at 1-week high on feed demand.
NCDEX cotton oilcake up at 1-week high on feed demand.
MMTC invites bids to sell 3,960 tonne imported urad on Aug 23.
MMTC Ltd has floated a tender to sell 3,960 tonne of urad of Myanmar origin for crop years 2015-16 and 2016-17 on Aug 23. Of the overall amount, 1,145 tonne of urad lies with the Centre Warehousing Corp of Vashi, while 2,820 tonne of the grain lies with Centre Warehousing Corp of Wadala. Bids must be submitted on Aug 23 and opened on the same day. The bids valid up to Aug 30.
Cotton acreage 11.7 mln ha as of 11 august, up 18.3% on year.
Cotton acreage 11.7 mln ha as of 11 august, up 18.3% on year.
CBOT wheat hits low on ample global supplies.
CBOT wheat hits low on ample global supplies.
India coffee exports during Jan 1- Aug 11.
India coffee exports during Jan 1- Aug 11.
Ukrainian wheat market is under pressure of large volumes of new-crop grain.
Ukrainian wheat market is under pressure of large volumes of new-crop grain.
Taiwan’s tender for 98,850 MT of US wheat will close on 16 August.
Taiwan’s tender for 98,850 MT of US wheat will close on 16 August.
India Sugar prices stable in key spot markets; volumes on NCDEX low.
Prices of sugar were largely unchanged in the key wholesale markets of the country due to lacklustre trade. Thin trade in the market can be attributed to the fear of government action to ensure enough supplies in the domestic market.
Egypt’s GASC looking for a nominal 55,000 MT of wheat for late Sep delivery.
Egypt’s GASC looking for a nominal 55,000 MT of wheat for late Sep delivery.
Centre-South Brazil Jul 16-31 sugar output 3.4 million tonne, up 9.5% on year.
Mills in Brazil Centre-South region produced 3.41 million tonne sugar in the second fortonneight of July, up 9.5% from 3.12 million tonne in the year ago period. Centre-South Brazil accounts for over 90% of the country’s total sugar output and mills in the region crushed 50.74 million tonne cane during Jul 16-31, up 2.6% on year. Between Apr 1 and Jul 31, mills have crushed 297.33 million tonne cane, down 4.7% on year. During the same period, they produced 17.57 million tonne sugar, up 3.5% on year. The Centre-South region also produced 11.57 billion ltr of ethanol during the period, compared with 12.88 billion ltr a year ago. Of the total cane crushed, around 48.4% was used for sugar production, while 51.6% was used to make ethanol.
Climate change may reduce rice output in Punjab, Haryana.
Climate change may reduce rice output in Punjab, Haryana.
Egypt has contracted to buy 850,000 T of sugar this year.
Egypt has contracts to buy 850,000 tonnes of sugar so far, this year, covering the nation needs through January. Egypt typically consumes about 3 million tonnes of sugar a year but produces a little more than 2 million tonnes. The gap is filled by government and private imports, usually purchased between July and October. Egypt state buyer ESIIC is set to hold a purchase tender for 50,000 tonnes of raw sugar for November arrival.
USDA ups India 2017-18 rice export view by 0.5 mln tn.
USDA ups India 2017-18 rice export view by 0.5 mln tn.