Small Farmers Agribusiness Consortium offer 659 tonne of tur for auction through NCDEX e-Markets. The pulse is stocked at a warehouse of Central Warehousing Corp in Chhatarpur, Madhya Pradesh.
Bangladesh govt to further cut 5% duty on rice import.
Bangladesh govt to further cut 5% duty on rice import.
Tur down in Akola on low buying by dal millers.
Prices of tur at Akola in Maharashtra were down because of a weak demand from dal millers. Arrivals of tur in Akola were unchanged.
Andhra rice to tackle crisis in Kerala.
Andhra rice to tackle crisis in Kerala.
Malaysia CPO up on weak ringgit, gains in CBOT soy.
Futures contracts of crude palm oil traded higher on the Bursa Malaysia Derivatives because of weakness in the ringgit against the dollar and gains in the soyoil contracts on the CBOT. The most-active October palm oil contract was at 2,640 ringgits (39,259 rupees) per tonne, up 11 ringgits from the previous close, while the most-active September soyoil contract on CBOT was up 0.3% at 33.98 cents per pound. Soybean futures on the CBOT are trading firm over the last few days amid concerns over forecast of drier weather in the US Midwest just when the plants are in crucial pod-setting stage.
Indonesia to Export Rice to Pacific Ocean Countries.
Indonesia to Export Rice to Pacific Ocean Countries.
CBOT soybean up on dry weather conditions in the US.
Futures contracts of soybean were marginally up on CBOT due to dry weather conditions in some parts of Illinois and Iowa, the largest soybean producing states in the US Midwest. The good-to-excellent rating for the oilseed in the two states has declined in the last week. The most-active November contract on CBOT was at $9.7575 per bushel, up 0.3% from the previous close.
South Korea buys 77,222 MT of rice for Sept-Nov arrival.
South Korea buys 77,222 MT of rice for Sept-Nov arrival.
Indore soybean prices a tad up on low acreage
Soybean prices rose marginally in the benchmark market of Indore in Madhya Pradesh due to slow progress of sowing in the state. Poor rainfall in the state so far in the southwest monsoon season has hit sowing operations and pulled down the area sown under soybean. Area under soybean has also declined as some farmers in the state have switched to cotton for better returns.
NCDEX coriander hits 9-week low on subdued demand.
NCDEX coriander hits 9-week low on subdued demand.
NCDEX Mustard seed futures add to gains; up Rs 5/a qtl.
NCDEX Mustard seed prices edged further higher by Rs 5 in futures trading as speculators indulged in raising their bets on the back of strong sentiment at the spot markets. Widening of positions by players, tracking a firm trend at the spot markets on increased offtake by oil mills mainly kept mustard seed prices higher.
Short positions rise as cotton oilcake at 32-month low.
Short positions rise as cotton oilcake at 32-month low.
India in no hurry to grow GM food crops.
The government is in no hurry to introduce genetically modified food crops in the country, three months after the sector regulator gave its nod to commercialization of GM mustard, because of widespread opposition from different quarters. The government has decided to examine all objections raised by scientists and farmers before taking a decision on genetically engineered (GE) mustard. Pursuant to recommendation of GE mustard by GEAC (Genetic Engineering Appraisal Committee), several representations and concerns have been raised by a wide range of stakeholders including scientists, policymakers, farmers and NGOs. The issues raised are manifold, like long-term health and environmental impact, herbicide tolerance, loss to honey bees and pollinators, outperformance of native varieties, no enhancement in yields, etc. All these issues are under examination.
October MCX cotton hits 1-week high on crop damage fears.
October MCX cotton hits 1-week high on crop damage fears.
Nagpur Pulses.
Gram and Tur prices recovered strongly in Nagpur Agriculture Produce and Marketing Committee (APMC) here on good seasonal demand from local millers amid weak supply from producing regions. Government decision to withdraw stock limited on pulses also boosted prices. Fresh hike in Madhya Pradesh gram prices and repeated enquiries from South-based millers also helped to push up prices. Gram varieties firmed up in open market here on increased festival season demand from local traders amid tight supply from millers. Tur varieties shot up in open market good seasonal demand from local traders amid thin supply from producing regions. Moong varieties recovered in open market here on renewed demand from local traders amid tight supply from producing belts.
India rice shipments slow as stronger rupee lifts export prices.
India rice shipments slow as stronger rupee lifts export prices.
CBOT soybean up as demand from China seen higher.
Futures contracts of soybean rose on CBOT due to anticipation of higher demand from China. Prevailing dry weather conditions in some parts of the US Midwest region also lifted prices of the commodity. Soybean futures also rose due to bargain buying.
Kota coriander prices up as rains disrupt supplies.
Kota coriander prices up as rains disrupt supplies.
Indore soybean prices down on lower meal exports.
Prices of soybean in Indore fell due to lower exports of soymeal from the country. Soymeal exports in July declined to 30,678 tonne as compared to 45,975 tonne in June. There is lower demand for the meal in the local and overseas market, which is seen weighing on the sentiments. In Indore, the benchmark market for the oilseed, soybean was down 8-10 rupees. The most active October futures were up 0.3%.
All-India cotton arrivals at 5,700 bales on 07 August.
All-India cotton arrivals at 5,700 bales on 07 August.