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.
Soybean prices rise in Indore on lower acreage.
Soybean prices rose in Indore, Madhya Pradesh, as area under the oilseed fell in the state. Prices of the oilseed also rose due to a surge in soymeal exports from the country. Export of soymeal rose 56.1% on year to 64,000 tonne in June.
Pakistan agrees to provide 25,000 MT of rice to Sri Lanka.
Pakistan agrees to provide 25,000 MT of rice to Sri Lanka.
NCDEX soybean declines nearly 3% on profit booking.
Futures contracts of soybean fell nearly 3% on the NCDEX due to profit booking, after prices rose to a near three-month high on previous close.
Egypt sees rice paddy production jumping to 6.5 mln tonnes.
Egypt sees rice paddy production jumping to 6.5 mln tonnes.
Edible oils slide on easing demand in Delhi.
Edible oil prices softened by Rs 50 per quintal at the wholesale oils and oilseeds market on easing demand from retailers. However, non-edible oils remained steady in thin trade. fall in demand from retailers against sufficient stocks position mainly led to decline in edible oil prices.
All-India cotton arrivals down at 12,200 bales as on 10 July.
All-India cotton arrivals down at 12,200 bales as on 10 July.
Chana prices down in Delhi due to higher arrivals.
Chana sold in benchmark market of Delhi, down 100 rupees from previous close. Arrivals in Delhi nearly doubled to 750 tonne from previous close. In the key market of Bikaner in Rajasthan, chana prices were unchanged. Demand of chana from dal millers is likely to increase going forward because of a slew of festivals in August.
USDA will increase 2017/18 corn production 61 mbu to 14.126 billion bushels on Wednesday on higher acres.
USDA will increase 2017/18 corn production 61 mbu to 14.126 billion bushels on Wednesday on higher acres.
Tur price up in Akola as weak rains may hit sowing.
Prices of tur rose in Akola, Maharashtra, as poor monsoon rains in the state may affect sowing. Lower arrivals amid improved demand for the commodity also supported prices. In Akola, tur was quoted up 50-75 rupees from previous close. Arrivals of tur in Akola were estimated at 500 bags (1 bag = 100 kg), down 200 bags from previous close.