Ukraine grain harvest totals 3.7 mln tonnes so far.
Japan offers to buy 93,765 tonnes food wheat via tender.
Japan offers to buy 93,765 tonnes food wheat via tender.
USDA Wheat Update.
USDA Wheat Update.
India Sugar NCDEX Oct contract tad up as govt raises import duty.
The October contract was up 0.3%. 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. Raw sugar futures on ICE fell over 1% due to the hike in import duty.
Kharif crops in peninsular India under moisture stress due to deficit July rains.
Kharif crops in peninsular India under moisture stress due to deficit July rains.
Maharashtra to release up to 70 million rupees of sugar export subsidy.
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.
Dairy body to buy 1,300 tn maize via e-auction on 15 July.
Dairy body to buy 1,300 tn maize via e-auction on 15 July.
Sugar prices fall in Mumbai, flat in Delhi.
Prices of sugar were down in the key wholesale markets of Mumbai as demand faded at higher prices. In Delhi, prices were unchanged after rising by 5 rupees per 100 kg on previous close, after the import duty hike, while in Mumbai, the commodity was down 5 rupees.
Corn prices fall despite fears over hot, dry US weather.
Corn prices fall despite fears over hot, dry US weather.
ICE raw sugar down as India ups import duty to 50%.
Futures contracts of raw sugar on the ICE fell over 1% as the import duty on sugar in India was increased to 50% from 40%. The most-active October contract was at 13.37 cents per pound, down 1.4% from the previous close.
U.S corn condition as of 9th July.
U.S corn condition as of 9th July.
Chana prices down in Delhi due to high supply.
Prices of chana fell in Delhi because of high arrivals even as demand remained steady. In Delhi about 750 tonne of chana arrived, nearly double of the daily average arrival of 375 tonne. In the key market of Bikaner in Rajasthan, prices were unchanged. Trade was sluggish due to lack of clarity over the filing process for goods and services tax. Also, Chana down in Indore market on low demand.
USDA Corn update.
USDA Corn update.
Madhya Pradesh procures 144,000 tonne of summer-grown moong in a month.
The Madhya Pradesh government procured around 144,000 tonne of summer-grown moong from Jun 10-Jul 10 at a minimum support price of 5,225 rupees per 100 kg, including bonus. The state government aimed to procure 150,000 tonne of the pulse, but it now pegs the procurement to be around 200,000 tonne by Jul 31.
Govt procures 38.6 mln tn rice so far in year to Sep, up 13.5% on yr.
Govt procures 38.6 mln tn rice so far in year to Sep, up 13.5% on yr.
Soybean up in Nagpur and Jalgaon.
Soyabean prices strong in Nagpur on increased demand from local crushing plants amid weak supply from producing regions. Notable hike in other soyabean mandis in the region because of weak monsoon and reported demand from South-based plants also jacked up prices.
GST hits sales of registred branded rice in Bengaluru.
GST hits sales of registred branded rice in Bengaluru.
ICE Oct sugar down 2% intraday as India ups import tax.
The October sugar contract on the ICE fell 1.9% intraday, as India raised the import duty on sugar to 50% from 40% to prevent imports. The contract down 0.4% from the previous close.
Sri Lanka to procure 0.3 MMT rice from Pakistan.
Sri Lanka to procure 0.3 MMT rice from Pakistan.
India Sugar stocks sweeten as govt hikes import duty to 50%.
Shares of sugar companies were trading higher by upto 7% on BSE after the government increased import duty on sugar to 50%, up from 40%, to restrict cheap inward shipments and maintain domestic prices. In past one-week, most the sugar stocks have outperformed the market by gaining in the range of 5% to 22%, as compared to 1.8% rise in the S&P BSE Sensex.