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.
Muchinga ( Zambia ) expects increase in maize production as 0.33 MMT vs 0.23 MMT LY.
Muchinga ( Zambia ) expects increase in maize production as 0.33 MMT vs 0.23 MMT LY.
India Rajshree Sugars sales decline in two of its units.
The company sugar sales in Theni District unit dropped by 27.6% to 1,716 million tonne in June 2017 as against 2,373 million tonne in June 2016. The company sugar sales in its Mundiyampakkam unit nearly doubled rising by 76% to 10, 513 million tonne in June 2017 as against 5,951 million tonne in the year ago period. While, sugar sales in the company Semmedu unit decline by almost 8% to 2,363 million tonne in June 2017 from earlier 2,566 million tonne in the year ago period.
Taiwan is tendering for 65,000 MT of corn, with US as an accepted origin for mid-September to early October shipment.
Taiwan is tendering for 65,000 MT of corn, with US as an accepted origin for mid-September to early October shipment.
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.
Zambian grain traders are expected to sell off 0.38 MMT of white maize to East African countries in a deal worth US$100 million.
Zambian grain traders are expected to sell off 0.38 MMT of white maize to East African countries in a deal worth US$100 million.
India Farm body to auction 32 tonne urad via NCDEX e-Markets.
Small Farmers Agribusiness Consortium will offer 32 tonne urad for auction through NCDEX e-Markets.
Global body says Arabica coffee prices down in June, Robusta up.
Global body says Arabica coffee prices down in June, Robusta up.
CBOT soybean at 4-month high on dry weather in US.
Soybean contracts hit a four-month high of $10.2450 per bushel in electronic trade on the CBOT because of dry weather conditions in the US, which raised concerns over output. The most-active August contract on the CBOT traded at $10.2025 per bushel, up 1.9% from the previous close.
NCDEX coriander up 1% tailing rise in Rajasthan market.
NCDEX coriander up 1% tailing rise in Rajasthan market.
NCDEX soybean up 2% on rise in soymeal exports.
Futures contracts of soybean rose over 2% on NCDEX due to a surge in soymeal exports from the country. The most-active August soybean contract was up 2.6% from the previous close. Export of soymeal rose 56.1% on year to 64,000 tonne in June. In Oct-Jun, India exported 1.52 million tonne of soymeal, up from 319,000 tonne a year ago.
Farmers stare at loss of cotton, soybean crop in parched Maharashtra.
Farmers stare at loss of cotton, soybean crop in parched Maharashtra.
SOPA says India Oct-Jun soybean arrivals up 35% on year on bumper crop.
Supply of soybean seeds across the country rose to 6.9 million tonne during Oct-Jun from 5.1 million tonne in the year-ago period due to a bumper crop in 2016-17 (Jul-Jun). As of June-end, soybean inventories with farmers were at 3.6 million tonne, over three times the amount a year ago. In June, arrivals of the oilseed were at 400,000 tonne, lower than 425,000 tonne in the corresponding period last year, while 550,000 tonne of the commodity was crushed, higher than 450,000 tonne a year ago. Stocks with traders and plant owners were at 109,000 tonne, down from 257,000 tonne a year ago. Higher exports of soymeal, a derivative of soybean, resulted in lower stocks with traders. For Oct-Jun, soymeal exports were pegged at 1.5 million tonne, way higher than nearly 300,000 tonne exported a year ago, the data showed. In June, exports were at 64,000 tonne, sharply higher than 18,000 tonne a year ago.
Cotton acreage at 7.18 mln ha as of 7 July, up 5.8% on yr.
Cotton acreage at 7.18 mln ha as of 7 July, up 5.8% on yr.
NCDEX mustard seed at 2-month high on oil, seed demand.
Futures contract of mustard seed hit a two-month-high of 3,657 rupees per 100 kg because of strong demand for the edible oil and seed for crushing. On NCDEX, the July contract was at 3,642 rupees per 100 kg, up 0.8% from previous close, while the most-active August contract was up 0.9% at 3,682 rupees. Higher demand for the edible oil has led to an increase in oilseed purchases, and is supporting upside in mustard seed prices.
Mustard up in Jaipur on higher demand from stockists.
Prices of mustard seed in Jaipur extended Saturday gains due to improved demand from domestic stockists after a recent fall in prices. In Jaipur, the benchmark market, the oilseed was sold up 30 rupees from previous close. Arrivals across the country were estimated at 130,000 bags (1 bag = 85kg), compared with 115,000 bags on previous close.