Rajasthan 2016-17 mustard crop seen up 21% on year.
Ram Gopal Yadav (9 years ago)

The agriculture department in Rajasthan has estimated mustard output in 2016-17 (Jul-Jun) to rise by 21% on year to 3.94 million tonne because of higher yields. According to the fourth advance estimate, output of guar in Rajasthan, the largest producer of the crop, may fall 37% on year to 1.4 million tonne in 2016-17.

MP will procure soybean on MSP.
Ram Gopal Yadav (9 years ago)

In a move to quell simmering anger among farmers after last month violent protest, Madhya Pradesh chief minister Shivraj Singh Chouhan announced plans to procure soybean from farmers at minimum support price ( MSP ). Govt have been procuring moong (green gram), urad (black gram) and arhar (pigeon pea) from farmers at MSP. Instead attempts should be made to ensure that the farmers get proper price for their produce. The state government move to procure soybean at MSP is an attempt to reach out to large number of farmers in Malwa region, the hub of soybean cultivation in the country.

Jaipur mustard seed up on improved domestic demand.
Ram Gopal Yadav (9 years ago)

Prices of mustard seed in Jaipur, the benchmark market for the commodity, rose for the third consecutive day due to higher demand from domestic oil millers and stockists. In Jaipur, the oilseed was sold up 10 rupees from previous close. Lower arrivals also supported prices of the oilseed. Supplies have declined because farmers are holding on to their produce, as they expect prices to rise in the coming days.

Australia 2017-18 canola output seen 26% down on year.
Ram Gopal Yadav (9 years ago)

Australia 2017-2018 canola output is seen at 3.12 million tonne, down 26% on year, due to seed shortages and inadequate rains. Patchy and light rains so far and forecast of insignificant rains over the next few weeks has dented outlook for canola harvest.

Pakistan purchased 180,000 tonnes soybeans sourced United States or Brazil.
Ram Gopal Yadav (9 years ago)

Pakistani importers have recently purchased about 180,000 tonnes of soybeans expected to be sourced optionally from the United States or Brazil. The soybeans are for shipment in April and May 2018. The purchases were made in three 60,000 tonne consignments from exporters in the United States at premiums over Chicago soybean futures.

U.S. soybean hope to expand exports to China.
Ram Gopal Yadav (9 years ago)

With record acreage planted, U.S. soybean growers hope to expand exports to China this year as Chinese demand continues to increase, but competition from Brazil and concerns about U.S. genetically modified crops may dampen Chinese enthusiasm. China is likely to commit to a big purchase of U.S. soybeans when a delegation from the Chinese Ministry of Commerce visits Des Moines, Iowa, on July 13.

Maharashtra to release up to 70 million rupees of sugar export subsidy.
Ram Gopal Yadav (9 years ago)

The cooperation and marketing department of Maharashtra approved subsidy payments for cooperative mills that exported raw sugar in 2014-15 season. The payment of subsidies has been approved to enable mills to clear fair and remunerative prices to sugarcane farmers. The state had provided 100 million rupees for payment of sugar subsidies in the current financial year budget, of which 70%, or 70 million rupees, can be used for export subsidies. The government had declared a subsidy of 1,000 rupees per tonne to encourage export of raw sugar in 2014-15, when the country faced severe supply glut and record low prices of the sweetener.