South Africa 2017 maize crop seen at record 15.8 million tonnes.
Ram Gopal Yadav (8 years ago)

South African expected to reap a record 15.82 million tonnes of maize this season after better weather boosted yields. The estimate is 1.4% higher than the latest forecast from the government Crop Estimates Committee (CEC) which put the harvest at a record 15.6 million tonnes, double last year output. A drought triggered by an El Nino weather pattern left 2016 harvest at just 7.78 million tonnes, but favorable weather since has put this year crop on track to surpass the previous record of 14.656 million tonnes in 1981. The Johannesburg stock exchange white maize futures contract due in September has fallen 66% from its peak of R5 188 a tonne hit in May last year to close at R1 775 on previous close.

India Branded rice set to get dearer; traders, mill owners worried.
Ram Gopal Yadav (8 years ago)

It nigh impossible to think of a south Indian meal without rice. And now, with the country getting ready for the rollout of the goods and services (GST) tax regime, South Indians, for whom rice is a staple food, have a reason to worry – all varieties of branded rice are set to get dearer by 5% per kilogram, come July 1. Karnataka is likely to be worst affected owing to the additional cess on grains levied by the state government on traders and millers. Besides the 5% GST tax on branded food grains, the state government levies a 1.5% market tax on food grains, which the Agriculture Marketing Produce Committee (APMC) has decided to continue even after the rollout of GST.

India wheat Price Unchanged.
Ram Gopal Yadav (8 years ago)

Futures of wheat, however, traded largely flat during the day and the July wheat contract on NCDEX settled at 1,615 rupees per 100 kg, unchanged from the previous settlement. Prices of wheat in spot markets were also unchanged due to steady demand and supply.

Bulgaria prices for new-crop wheat increased $2-3 followed the global trends.
Ram Gopal Yadav (8 years ago)

Last week Bulgaria old-crop grain market featured downward price trends. In view of sluggish sales towards the season end, purchase prices for all the staple grains are falling in the domestic market. In the new-crop market, forward wheat prices gain on average $2-3 a week due to global trends, reaching $181-184/MT FOB for 12% protein wheat, August-September delivery. At the same time, no revival is yet observed in sales of new-crop grain.

Japan bought 135,747 tonnes of food-quality wheat.
Ram Gopal Yadav (8 years ago)

Japan Ministry of Agriculture bought a total of 135,747 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender. From U.S. Western White 24,561 tonnes, Hard Red Winter (semi hard) 9,690 tonnes, Dark Northern Spring 35,710 tonnes (protein minimum 14.0 percent), Canada Western Red Spring 31,106 tonnes (protein minimum 13.5 percent) and from Australia Standard White (West Australia) 34,680 tonnes wheat import.

U.S. wheat fell 0.5 percent.
Ram Gopal Yadav (8 years ago)

U.S. wheat fell 0.5 percent to extend two-day losses to nearly 2.5 percent, as traders paused a run of recent gains to assess damage from recent unfavorable weather across the United States and Europe. The most active wheat futures on the Chicago Board of Trade fell 0.5 percent to $4.62-1/4 a bushel, having closed down 1.7 percent on previous close.

Dairy body to buy 3,675 tonnes maize via e-auction.
Ram Gopal Yadav (8 years ago)

The National Cooperative Dairy Federation of India buy 3,675 tonnes maize through a reverse electronic auction. The commodity, used as cattle feed, be bought on behalf of the Rajasthan Cooperative Dairy Federation. The National Cooperative Dairy Federation of India, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.

India Maize prices rise on lower arrivals.
Ram Gopal Yadav (8 years ago)

Prices of maize in the key wholesale market of Purnea in Bihar rose due to a fall in arrivals of the crop. The coarse grain was sold up 20 rupees from previous close. Arrivals have fallen as stocks with farmers are depleting and recent rains in the region have hit transportation of the crop to markets. Farmers brought around 700 tonne of maize, lower than 1,000 tonnes on previous close. July maize contract on the National Commodity and Derivatives Exchange was up 0.5% from the previous close.