Ukraine wheat update.
West Bengal seeks to buy 8,100 tonne sugar for sale via PDS.
West Bengal Essential Commodities Supply Corporation Ltd, a nodal agency for procuring sugar on behalf of the Food and Supplies Department of the state, have sought bids to buy 8,100 tonne of sugar. The sweetener bought would be supplied during Sep-Oct through the public distribution system. Sep-Oct is a period of key festivals such as Durga Pooja, Kali Pooja and Chhat Pooja in the state. The submission of the bids closes on Aug 7, and the price bid open on Aug 9. The bids remain valid for 60 days from the date of opening of the tender.
Wheat prices up in Indore on firm demand, low supplies.
Wheat prices up in Indore on firm demand, low supplies.
Haryana to distribute 4,820 tonnes of pulses to poor families.
The Haryana government has decided to distribute 4,820 metric tonnes (MT) of pulses to 11,28,006 poor families at subsidised rates.
CBOT wheat up on weak dollar vs euro, dry weather.
CBOT wheat up on weak dollar vs euro, dry weather.
India Food Corp to auction tur, masoor via NCDEX e-markets.
The Food Corp of India will offer 8,359.17 tonne tur and 27.90 tonne masoor for auction on Thursday through NCDEX e-Markets. The pulses are stocked at warehouses in Maharashtra, Madhya Pradesh, and Telangana.
Andhra Pradesh farmers advised by IMD to ready paddy nursery.
Andhra Pradesh farmers advised by IMD to ready paddy nursery.
Madhya Pradesh buys 170,000 tonne of summer-grown moong in over a month.
The Madhya Pradesh government procured around 170,000 tonne of summer-grown moong in five weeks at a minimum support price of 5,225 rupees per 100 kg, including bonus. The procurement drive is underway at 71 centres in the state, procuring moong under the price stabilisation scheme since Jun 10. Initially, the state government targeted to procure 150,000 tonne of the pulse, but it now pegs the procurement to be around 200,000 tonne by Jul 31.
Dairy body buys 1,500 tn de-oiled rice bran.
Dairy body buys 1,500 tn de-oiled rice bran.
MMTC to auction 358.35 tonne urad via NCDEX e-Markets.
MMTC offer 358.35 tonne urad, imported from Myanmar, for auction on Thursday through NCDEX e-Markets. The pulse is stocked at Central Warehousing Corp in Vashi, Navi Mumbai.
Sri-lanka plans to buy rice from Myanmar through govt to govt.
Sri-lanka plans to buy rice from Myanmar through govt to govt.
Tur prices down in Kalaburagi(Gulberga) as rains deter buying.
Prices of tur fell in Kalaburagi, Karnataka, as rains in the region deterred purchases of the commodity. In Akola, Maharashtra, prices were steady. Low supply amid low demand kept prices steady in Akola.
Thailand rice export prices fall over last week.
Thailand rice export prices fall over last week.
NCDEX chana hits 3% upper limit on bargain buying.
Chana futures contracts on the NCDEX hit the 3% upper limit on improved buying by the investors after prices hit the key support level. The most active September futures contract was up 2.1% from previous close. Lower arrivals of the pulse in the local market is seen supporting upside in the chana prices.
Rajasthan farmers asked for sowing millet, guar, maize.
Rajasthan farmers asked for sowing millet, guar, maize.
Canada ups year to Jul chana price forecast by 4% as inventory falls.
Canada has further scaled up its 2016-17 (Aug-Jul) price estimate for chana for the third time this year, while retaining that for peas and masur. Chana or chickpeas prices for 2016-17 have been forecast higher at $990-$1,000 per tonne from $950-$960 per tonne estimated last month. The average price is forecast to increase sharply to record prices, due to lower Canadian and world stocks. However, in 2017-18, prices are likely to see a correction and are likely to be quoted in the range of $960-$990 per tonne.
Bihar farmers advised to continue sowing maize.
Bihar farmers advised to continue sowing maize.
Canada holds a 43.97 per cent market share in U.S. pulse imports.
Canadian pulse imports into the U.S. has averaged US$313.235 million. Mexico was a distant second at US$137.731 million, for a 13.26 per cent market share. For the January-to-May period of this year, Canada has sold US$141.517 million in pulses to the U.S.
Argentina raised govt’s projection for corn 49 MMT vs USDA estimate of 41 MMT.
Argentina raised govt’s projection for corn 49 MMT vs USDA estimate of 41 MMT.
Indian soybean falls, as high rainfall in key planting areas.
Indian soybean futures fell, as high rainfall in key planting areas raised the possibility of higher supply. The key soybean planting states of Madhya Pradesh, which accounts for about 60 percent of the country soybean production, and Rajasthan, which accounts for about 27 percent, recorded excess rainfall over the week ended July 19. August soybean futures closed 1 percent lower on NCDEX. Soyoil futures were down 1.1 percent. Rapeseed futures ended 1 percent lower at 3,668 rupees.