Govt planning to raises import duty on sugar.
Spot sugar prices rise as pent-up demand emerges.
Spot sugar prices rise as pent-up demand emerges.
ICE raw sugar down 3% as 2017-18 output seen up.
ICE raw sugar down 3% as 2017-18 output seen up.
Dairy body to buy 1,300 tonne maize via e-auction.
The National Cooperative Dairy Federation of India will buy 1,300 tonne maize through a reverse electronic auction on Thursday.
Chana prices up in Delhi on slight pick-up in demand.
Chana prices up in Delhi on slight pick-up in demand.
Only two take parts in Iraq tender for 50,000 tonnes of hard wheat.
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.
Tur sowing lags 11% YoY as farmers shift to other crops.
Tur sowing lags 11% YoY as farmers shift to other crops.
United Nations purchased 40,000 tonnes of Ukrainian wheat to be shipped to east Africa.
A United Nations aid agency recently purchased about 40,000 tonnes of Ukrainian-origin wheat to be shipped to east Africa. The purchase was for shipment in early August to Djibouti/Berbera.
MMTC invites bids to sell 4,840 tn imported urad.
MMTC invites bids to sell 4,840 tn imported urad.
CBOT wheat Up 8 to 12 cents per bushel.
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.
Kharif urad area 0.292 mln ha as on 30 june, up 71% on year.
Kharif urad area 0.292 mln ha as on 30 june, up 71% on year.
India Maize prices up in spot, futures market on low arrivals.
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.
Kharif moong area 0.63 mln ha as on 30 june, up 88.4% on year.
Kharif moong area 0.63 mln ha as on 30 june, up 88.4% on year.
Zambia clinches $100 million maize export deals.
ZAMBIA has signed grain export trade deals for 400,000 metric tonnes worth US$100 million with Eastern Africa.
India Paddy crops lost due to flooding after rain in haryana & Punjab.
Rains have left thousands of acres of agricultural land inundated, causing extensive damage to cotton, paddy and vegetables in several villages of Hisar, Bhiwani and adjoining districts. Despite best efforts by farmers to try and stop water inundating their fields, an overflowing Sirhind canal Kurd distributary has caused waterlogging in over 15,000 acres of farm land in nine villages of Barnala district. Around 5,000 acres in villages of Hisar, Bhiwani and adjoining districts of haryana.
Buying rice in Indonesia is over double the international standard price.
Buying rice in Indonesia is over double the international standard price, despite the country being a major rice producer. Last year, Indonesia rice price was around US$1 per kilogram, while the international standard had it around US$0.4 per kilogram. As of March, this year, FAO recorded the average price of rice per kilogram in Indonesia at around US$0.79. This is one of the highest figures around the region, with other ASEAN members paying far less — Cambodia pays US$0.42 per kg, Thailand pays US$0.33 per kg, Vietonneam pays US$0.31 and just US$0.28 per kg in Myanmar. Limited space is also a factor contributing to high prices, with growers in Indonesia harvesting on average 0.3 hectares compared to two hectares in Vietonneam or Thailand.
NCDEX coriander down 2% on profit booking; spot shut
Futures contracts of coriander on the NCDEX were down 2% as investors continued to book profits for the second day after prices hit a four-week high of 5,310 rupees per 100 kg. A 2,180-tn decline in open interest in the July contract to 24,220 tonne indicated profit booking. The July contract was at 5,050 rupees per 100 kg on the NCDEX, down 2% from the previous close. Prices at spot markets in Rajasthan were unavailable today, as the market was shut due to a strike called by traders to protest the implementation of the goods and services tax.
All-India cotton arrivals down at 17,500 bales.
Around 17,500 bales (1 bale = 170 kg) of cotton arrived in the major spot markets across the country Thursday, compared with 19,000 bales Wednesday.
NCDEX cotton oilcake up tracking gains in spot market.
Futures contracts of cottonseed oilcake traded higher on the NCDEX today tracking gains in spot prices. The most-active August contract traded up 1% at 1,649 rupees per 100 kg on the NCDEX. Bargain buying after prices declined to a 20-month low in recent sessions also pushed prices higher. Cottonseed oilcake, a derivative of cotton, is used as animal feed. In the benchmark market of Akola, Maharashtra, the commodity traded at 1,650 rupees per 100 kg, up 10 rupees from previous close. The overall sentiment for the commodity, however, remained bearish due to sluggish demand and sufficient supply.
Cotton Outlook raises year to Jul global output, demand projections.
UK-based Cotton Outlook has raised its forecast for global cotton output in 2017-18 (Aug-Jul) to 24.72 million tonne from 24.49 million tonne projected in May. Output in the coming season is projected to be higher mainly due to increased crop in Brazil and Turkey. The agency has also increased its estimates for global cotton consumption during the year, to 24.55 million tonne from 24.45 million tonne in the previous month. Consequently, global stock levels are now expected to rise to 173,000 tonne, compared with a forecast of 44,000 tonne in May.