Sugar mills in Maharashtra increased their prices despite subdued demand from bulk buyers as millers are not under pressure to clear stock.
Tamil Nadu farmers advised to transplant paddy nursery.
Tamil Nadu farmers advised to transplant paddy nursery.
India sugar prices at record high in Delhi; long-term view bearish.
Prices of sugar inched up in the key wholesale markets of north India and touched a record high in Delhi as supplies were disrupted due to religious processions on some routes connecting western Uttar Pradesh to the national capital. Sugar prices also rose in the key spot markets of Maharashtra as millers quoted higher prices.
U.S corn condition as of 16th July.
U.S corn condition as of 16th July.
NAFED to auction 1,529 tonne tur via NCDEX e-Markets.
The National Agricultural Cooperative Marketing Federation of India has offered 1,529.18 tonne of tur for auction through NCDEX e-Markets. The pulse is stocked at warehouses in Madhya Pradesh, Maharashtra, Telangana and Karnataka.
Maize sowing may pick up in Telangana on good rains.
Maize sowing may pick up in Telangana on good rains.
MMTC invites bids for sale of 4,796 tonne urad, 242 tonne tur.
MMTC Ltd has floated a tender to sell 4,796 tonne urad and 242 tonne tur. Pulses available at Central Warehousing Corp in Chennai. Bids must be submitted on Jul 25, and opened the same day. The bids remain valid for acceptance till Aug 7.
NCDEX coriander rises on firm demand, low arrivals.
NCDEX coriander rises on firm demand, low arrivals.
Tur down in Kalaburgi (Gulbarga) due to favourable monsoon.
Tur prices fell in Kalaburgi, Karnataka due to expectations of improved sowing because of favourable monsoon in the last two-three days. In Akola, prices were steady and arrivals were unchanged at 500 bags (1bag=100kg).
India coffee exports during Jan 1- Jul 17.
India coffee exports during Jan 1- Jul 17.
NCDEX chana futures up tailing gains in spot prices.
Chana futures rose 1% on the NCDEX tracking the rise in major spot markets. The most active September contract on the NCDEX was up 1% from previous close. In Bikaner, a key market, chana was quoted as 5,050 rupees per 100 kg, up 50 rupees from previous close.
India Govt allocates 8.4 billion rupees to states so far FY18 to up pulses crop.
The government has allocated 8.35 billion rupees to states under the National Food Security Mission so far in 2017-18 (Apr-Mar), to boost production of pulses in the country. Of the total amount, the government has released 1.69 billion rupees so far to the states for implementation of the pulses programme. For the entire mission, the Centre has earmarked a total of 17.20 billion rupees for 2017-18. Production of pulses seeds in seed-hubs has also been taken up by the farm research body, Krishi Vigyan Kendras, and state agricultural universities.
African new crop tur prices at 4-year low as demand from India falls.
Prices of new crop tur of the African origin have hit a four-year low due to muted demand from India following sufficient stock of the pulse. Tur prices in Indian spot markets are way lower than the minimum support price, thereby, hardly giving any incentives to importers to ship the pulse from African countries. The new crop African origin Matwara tur variety is sold at $425 per tonne on cost and freight basis, down from $900 per tonne in the year-ago period, while Kenya origin was sold at $390 per tonne from $850 per tonne. About 70-75% of tur from African countries are shipped to India, which is the largest producer and consumer of tur. Sufficient stocks of tur in India following bumper production, limited demand from the dal millers is seen creating bearish sentiment in the global market as the former is a key buyer for their produce.
NAFED buys 4,149 tonne sunflower seed so far in Haryana.
The National Agricultural Cooperative Marketing Federation of India has procured 4,149 tonne of rabi sunflower seed. The procurement drive, which was started last month in the state, is under way in Ambala, Sahabad, Ladwa, and Pehowa districts under the price support scheme in Haryana. The agency is procuring the oilseed from the growers at the minimum support price of 3,950 rupees per 100 kg, including a bonus of 100 rupees, as market prices are hovering below this level.
NCDEX marks 4,540 tonne soybean for staggered delivery.
NCDEX has marked 4,540 tonne of soybean for staggered delivery in the July contract, which expire Thursday. The bourse has also marked 780 tonne of castor seed, 550 tonne of wheat, 415 tonne of guar gum, 310 tonne of mustard seed, 240 tonne of cottonseed oilcake, 171 tonne of jeera, 100 tonne of guar seed and 20 tonne of mustard oilcake for staggered delivery in the July contract. Staggered delivery is used to check any artificial rise in prices. Under this mechanism, sellers can indicate intention of delivery to the exchange during the tender period, currently a 10-day span before the contract expires.
Orissa government lifted stockholding limits on pulses.
The Orissa government has lifted stockholding limits on pulses, edible oilseeds and edible oils in view of the adequate supply and drop in prices. The stockholding limits on pulses have been lifted with immediate effect, as there is no shortage of pulses in the country and prices have fallen. Prior to the new order, a wholesaler was allowed to store upto 2,000 quintal of pulses, 1,000 quintal of edible oil seeds and 500 quintals of edible oils. Similarly, retailers were allowed to stock up to 50 quintal each of pulses and edible oil seeds and 20 quintals of oils.
Cotton acreage 9.09 mln ha, up 23% on year as of 14 July.
Cotton acreage 9.09 mln ha, up 23% on year as of 14 July.
CBOT soybean down on favourable US weather.
Futures contracts of soybean fell on CBOT due to the recent favourable rains in key growing areas in the US, the world largest grower. Rains help in growth of the plant and may boost the yield of the crop. Forecast of favourable weather in the coming days also weighed on sentiment. The most-active August contract in electronic trade on CBOT traded at $9.8300 per bushel, down 0.6% from the previous close.
All-India cotton arrivals down at 11,000 bales as of 14 July.
All-India cotton arrivals down at 11,000 bales as of 14 July.
Jaipur mustard seed hits 1-mo high as supply falls.
Mustard seed prices in Jaipur hit a one-month high up 30 rupees from previous close, on a fall in arrivals and due to improved demand from domestic oil millers and crushers. Seasonal demand for mustard oil has lifted seed prices. Supplies are lower as farmers are not ready to sell much of their produce at existing rates, as they expect prices to rise in the coming days.