India coffee exports during Jan 1- Jul 13.
ICRA sees India 2017-18 sugar output 23.5-24.5 million tonne.
India sugar output in 2017-18 (Oct-Sep) is expected to rise 16-20% to around 23.5-24.5 million tonne. This growth driven largely by the increase in sugar production in Maharashtra and Uttar Pradesh.
Basmati rice challenges abound for Indian farmers as EU demands crackdown on fungicides
Basmati rice challenges abound for Indian farmers as EU demands crackdown on fungicides
ISMA pegs 2017-18 sugar output at 25 million tonnes.
The Indian Sugar Mills Association has pegged the country sugar output in 2017-18 (Oct-Sep) at 25.1 million tonnes, up 23.6 per cent from 20.3 million tonnes produced in the previous year. The three-top sugar producing states Uttar Pradesh, Maharashtra and Karnataka are expected to produce over 19.8 million tonnes of total sugar output during the next season.
USDA ups India 2017-18 rice output estimate by 2 mln tn to 108 mln tn.
USDA ups India 2017-18 rice output estimate by 2 mln tn to 108 mln tn.
ICRA bullish on near-term sugar prices after import duty hike.
Prices of sugar in the domestic market are likely to rise in the near term as import duty on the commodity has been hiked. In the last week of June, prices of raw sugar on the Intercontinental Exchange had slipped to a 16-month low of 12.53 cents per pound. The country sugar production is estimated to have fallen to around 20.3 million tonne in 2016-17 (Oct-Sep), sharply down from 25.1 million tonne a year ago.
USDA ups India 2017-18 rice export view to 11 mln tn.
USDA ups India 2017-18 rice export view to 11 mln tn.
Twin slump in sugar, oil puts pressure back on Brazilian mills.
A steep decline in sugar and oil prices over the last six months has diminished the hope of financial recovery for a number of Brazilian mills, and could put new dealmaking in the sector on hold. Raw sugar prices in New York SBc1 were hovering around 13 cents per pound, down around 40 percent since the fourth quarter of 2016 to a level. At the same time, an ongoing slump in oil prices CLc1 LCOc1 has led state-controlled oil firm Petrobras (PETR4.SA) to repeatedly cut gasoline prices domestically. That has in turn pressured ethanol producers to follow suit since the two fuels were sold side by side at the pump. The price pressure on sugar and ethanol could cut short a nascent financial recovery for many Brazilian mills during a global sugar supply deficit in 2015 and 2016. It could also slow down talks between millers and potential investors and lead to more closures of indebted firms.
Wheat arrivals fall in Indore, flat in Kota.
Wheat arrivals fall in Indore, flat in Kota.
Centre-South Brazil Jun 16-30 sugar output 2.97 million tonne, up 6% on year.
Mills in Brazil Centre-South region produced 2.97 million tonne of sugar during the second fortonneight of June, up 6% from 2.80 million tonne produced a year ago. Mills in the region, which accounts for over 90% of Brazil total sugar output, crushed 47.55 million tonne of cane during June 16-30, down 1.4% on year.
CBOT wheat down as rains ease crop damage worries.
CBOT wheat down as rains ease crop damage worries.
NCDEX to re-launch chana futures from Friday.
To start with, September, October and November contracts available for trading, and the contract size will be 10 tn. The transaction charges for trading in chana futures in line with charges for commodities in list B, which is a flat rate of 2 rupees per 100,000 rupees of trade, till further notice.
USDA sees Russia as top wheat exporter in 2017-18.
USDA sees Russia as top wheat exporter in 2017-18.
Delhi Chana up as NCDEX to relaunch futures on Friday.
Prices of chana in Delhi rose sharply, ahead of the relaunch of futures trade of the commodity on the NCDEX on Friday. Lower arrivals amid improved demand from dal millers contributed to the uptrend.
Tunisia tenders to buy 42,000 T wheat.
Tunisia tenders to buy 42,000 T wheat.
STC invites bids for sale of 2,362 tonne imported urad.
STC Ltd has floated a tender to sell 2,362 tonne of imported urad from the 2016-17 crop of Myanmar origin. Offers should be for a minimum quantity of 150 tonne. The commodity is at the Central arehousing Corp in Virugambakkam and Royapuram in Chennai. Bids must be submitted on Jul 26, and opened on the same day.
CBOT corn falls as USDA raises 2017-18 output view.
CBOT corn falls as USDA raises 2017-18 output view.
NCDEX marks 3,450 tonne soybean for staggered delivery.
The NCDEX has marked 3,450 tonne of soybean for staggered delivery in the July contract, which will expire next Thursday. 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.
China sold 628,009 MT of corn in an auction of state reserves.
China sold 628,009 MT of corn in an auction of state reserves.
NCDEX soybean down 1% on spot market cues.
Futures contracts of soybean fell over 1% on the NCDEX, taking cues from a fall in prices in major spot markets. The most-active August contract of soybean was down 1.3% from the previous close. The current month contract also traded 1.2% lower. With the southwest monsoon reviving over Madhya Pradesh, expectations of improved sowing in the coming days have pulled down prices in the state.