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.
Indore soybean up as govt hikes soy oil import duty.
Prices of soybean in the key wholesale market of Indore rose as the government raised import duty on crude soy oil to 17.5% from 12.5%. A higher duty may discourage imports. Firm demand for soymeal and soy oil is seen pushing prices higher. Arrivals in Indore were steady.
Bangladesh to buy up to 1 MMT rice from Thailand per year till 2021.
Bangladesh to buy up to 1 MMT rice from Thailand per year till 2021.
India Soybean, mustard down; CPO gains on import duty hike.
Futures contracts in the edible oil basket, barring crude palm oil, traded lower on domestic exchanges. Soybean futures on NCDEX ended 0.4% lower. Higher imports of edible oil in the country also dragged down prices of the oilseeds. Refined soy oil contracts on NCDEX traded 0.84% lower due to ample stocks in the country. Crude palm oil traded higher due to pick up in demand in wholesale markets. Futures contracts of crude palm oil on the Malaysian bourse ended down after India doubled import duty on crude palm oil to 15%.
Rice production in Nigeria hits 15 million tonnes.
Rice production in Nigeria hits 15 million tonnes.
Peas edge up on scattered demand.
Barring a rise in peas prices on mild demand from retailers, other pulses held steady at the wholesale pulses market in thin trade. Traders attributed the rise in peas prices to scattered demand from retailers.
Prices of pulses led by arhar and gram.
Spurted by up to Rs 300 per quintal at the wholesale market during the week amid pick-up in demand from retailers, driven by ongoing festive season against restricted arrivals from producing belts. Uptick in demand from retailers in view of festive season against tight stocks position in the market on fall in supplies from growing regions, mainly pushed up arhar, gram, urad and other pulses prices.
India govt says no plans to raise wheat import duty.
India govt says no plans to raise wheat import duty.
India wheat OMSS auction update.
India wheat OMSS auction update.
Bulgaria exports 433,650 T of wheat from its bumper 2017 crop.
Bulgaria exports 433,650 T of wheat from its bumper 2017 crop.
Southern Maharashtra Sugar mills not able to start operations before Diwali.
Sugar mills from southern Maharashtra may not be able to start operations before Diwali, even as the industry and government are preparing for advance sugarcane crushing operations by a month to October to tide over any shortages during the festival season. Mills in the region comprising Sangli, Satara and Kolhapur account for the biggest share in sugar production of Maharashtra, the leading producer in the country. Region gets a few spells of heavy rainfall around Dussehra (which falls on September 30), which makes harvesting difficult due to wet fields. The migrating harvesting labour does not start from their villages before Diwali. Thus, mills from Kolhapur will begin crushing only after Diwali (October 19).
CBOT wheat drops 1.2% to two-month low on supply pressure.
CBOT wheat drops 1.2% to two-month low on supply pressure.
India Sugar weak conditions were seen at the wholesale sugar.
Weak conditions were seen at the wholesale sugar market in the national capital during the week with prices falling on persistent supplies from mills amid expectations of a cut in import duty by the government to improve availability in the market to meet festive season demand and curb speculative rise.
Ukraine starts to export wheat flour to South America.
Ukraine starts to export wheat flour to South America.
India no plans for duty-free sugar imports.
Food and Consumer Affairs minister Ram Vilas Paswan has said that the country has sufficient sugar supply and there was no need to import it.The government was keeping a watch on pulses price and would increase import duty if required.