India maize up on low arrivals in spot market.
Ram Gopal Yadav (9 years ago)

Supplies in the benchmark Purnea in Bihar, the largest producer of rabi maize in the country, are falling. Most farmers have already sold their crops and the remaining supplies were being hit by rains. Maize futures on the NCDEX also ended higher, as supplies from the kharif crop are months away, while those from the rabi crop were getting over. The most active August maize contract on the NCDEX ended up 0.7% from the previous close. In Purnea, prices rose by 5 rupees.

Food crisis in Africa may worsen as fall armyworm hits maize crop.
Ram Gopal Yadav (9 years ago)

The food crisis in African countries, caused by two consecutive years of drought, may aggravate further as a migratory pest, fall armyworm, has hit the maize crop in the southern regions of the continent. According to media reports, the pest has affected maize production in half of the African countries, especially in southern Africa. So far, around 1.5 million ha of land in 25 African countries has been infected by the pest which mostly attacks rice, wheat, sweetcorn, sorghum, soybean, and potato crops other than maize. Fall armyworm is believed to originate from America and was first detected in Africa in 2016. Higher demand for maize from Africa may lift the prices in global markets and may make imports less viable for India.

Only two take parts in Iraq tender for 50,000 tonnes of hard wheat.
Ram Gopal Yadav (9 years ago)

Only two trading houses submitted offers in the tender from Iraq state grains board to buy at least 50,000 tonnes of hard wheat. The lowest offer was $318.77 a tonne c&f free out for wheat sourced from Australia. Only Australian and US wheat was offered in the tender. The single offer for Australian wheat was made for 50,000 tonnes.

CBOT wheat Up 8 to 12 cents per bushel.
Ram Gopal Yadav (9 years ago)

Higher on strength in Minneapolis Grain Exchange (MGEX) spring wheat futures tied to forecasts for more stressful weather in the northern U.S. Plains. Front-month CBOT wheat touched its highest level since November 2015 in early moves. MGEX wheat set across-the-board contract highs, with most-active September reaching $8.12-3/4 a bushel before paring gains.

India Maize prices up in spot, futures market on low arrivals.
Ram Gopal Yadav (9 years ago)

Maize prices rose in Bihar Purnea market due to firm demand amid low arrivals. Good-quality maize was sold in Purnea up 10 rupees from the previous trading day. Prices have risen by 50 rupees in the last five days as very less crop is left in the market now. Average arrivals have reduced to 10-15 trucks (1truck=15tonne), against an average of around 400 trucks in the peak season.

Zambia FRA to sell 100,000 tonnes of maize.
Ram Gopal Yadav (9 years ago)

FOOD Reserve Agency (FRA) has designated to sell 100,000 tonnes of maize from the national strategic food reserve during the 2016/17 season to create space for the commodity to be purchased later this year. Zambia is expected to harvest 3.6 million tonnes of maize this season but FRA only buy 500,000 tonnes of maize and 2,100 tonnes of paddy rice during the 2017/18 crop-marketing season.

Maharashtra plans to e-auction 5,966 tonne paddy from 2015-16 crop.
Ram Gopal Yadav (9 years ago)

Maharashtra has decided to sell 5,966 tonne unmilled paddy from 2015-16 crop. The state government has appointed a panel which oversee and complete the e-auction within 30 days. The state had procured 15,102 tonne paddy from Thane, Raigad and Singhudurg districts out of total 343,168 tonne it had purchased in the entire state under price support scheme in 2015-16. Around 9,135 tonne paddy, procured in Konkan region, had already been milled and 5,966 tonne of unmilled paddy would now be sold via electronic auction.