Maharashtra scraps chana stock-holding limits with immediate effect.

The Maharashtra government has scrapped stock-holding limits on chana with immediate effect, thus removing such cap from entire pulses complex now. In June, the state had removed the stock limit on all pulses expect chana. Withdrawal of stock limits on pulses is aimed at boosting procurement by traders and stockists, which would support prices, particularly of tur which continues to sell below the minimum support price.

Nearly 90% sugarcane dues cleared by UP govt.

Out of the total outstanding cane dues of Rs 25,836.46 crore for crushing season 2016-17, a payment of Rs 22,807.53 crore was made to cane growers till July 14. This is 89.84 per cent of the total dues. Around 90 per cent of cane dues amounting to Rs 22,807 crore was given to sugarcane growers till July 14 during the crushing season 2016-17. The cane area of the state had increased by two lakh hectare due to the faith reposed by farmers on Chief Minister Yogi Aditynath.

Jaipur mustard seed down on low buys from oil millers.

Mustard seed prices in Jaipur were down because of lower demand from the oil millers. However, arrivals across the country were unchanged at 95,000 bags (1bag=85kg). The most active August futures ended down 1%. Weakness in the entire edible oil complex due to expectation of a cut in the import duty on the crude palm oil is also seen creating bearish sentiment.