Futures contracts of coriander on the NCDEX were down, as traders booked profits after prices rose to a three-week high of 5,280 rupees per 100 kg on previous close. The most-active July contract was at 4,980 rupees per 100 kg, down 0.4% from the previous settlement. The fall in prices was also because arrivals in Rajasthan increased to 7,000 bags (1bag=40kg), up 1,500 bags the previous day. In Ramganj, a key wholesale market, the Badami variety of coriander was sold at 5,900 rupees per 100 kg, while the Eagle variety was quoted at 6,100 rupees, both down by 100-150 rupees from previous close.
All-India cotton arrivals down at 22,800 bales.
Around 22,800 bales (1bale=170kg) of cotton arrived in major spot markets across the country on Tuesday, lower than 23,400 bales on previous close.
Cotton, corn area up in Maharashtra but erratic rains raise concern.
With adequate pre-monsoon showers in Maharashtra, sowing of key kharif crops, particularly cotton, maize and soybean, has increased sharply. Erratic rainfall in the last couple of days in some regions in the state is likely to raise concerns over the growth of the early sown crop. Cotton acreage in Maharashtra, the second-largest producer, rose a sharp around 203% on year to 332,308 ha as on Friday because of higher returns in the ongoing season.
Mustard seed up in Jaipur on low supply, local buys.
Mustard seed up in Jaipur on low supply, local buys.
Sugar prices unchanged in North India in thin trade.
Sugar prices unchanged in North India in thin trade.
Meghalaya CM slams Centre for not including Sugar under National Food Security Act, 2013 and said the state will provide one kg sugar to every household in the state.
Meghalaya CM slams Centre for not including Sugar under National Food Security Act, 2013 and said the state will provide one kg sugar to every household in the state.
Indian sugar mills seek increase in duty to 60% in order to curb unwanted imports.
Indian sugar mills seek increase in duty to 60% in order to curb unwanted imports.
India rice flat in spot markets.
Prices of rice remained unchanged in the major markets. In Karnal, Haryana, 1121 basmati sella rice was quoted at 5,300-5,400 rupees per 100 kg, while permal raw variety non-basmati rice traded at 2,800 rupees per 100 kg.
ICE sugar tad down on expectation of higher output.
ICE sugar tad down on expectation of higher output.
MCX cotton down for 2nd day as output seen higher.
Futures contracts of cotton on the MCX declined for the second straight day due to expectations of higher year-to-September 2018 output. Prospects of higher sowing across states and forecast of a normal monsoon dampened the market sentiment. Cotton acreage in Gujarat, the largest producer, was at 496,400 ha, compared with 175,500 ha same period last year. Subdued demand because of poor quality arrivals also weighed on prices. On MCX, the July cotton contract was at 20,210 rupees per bale (1bale=170kg), down 0.7% from the previous close.
India coffee exports during Jan 1- Jun 19.
The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
Coriander prices up in Ramganj on rise in demand.
Prices of coriander were up in Ramganj, a key wholesale market in Rajasthan, following a rise in demand from domestic retailers amid lower arrivals. In Ramganj, the Badami variety of coriander was sold at 6,000 rupees per 100 kg, while the Eagle variety was quoted at 6,200 rupees, both up by 200 rupees from previous close. Arrivals in Rajasthan were 5,500 bags (1bag=40kg), down 500 bags from the previous day. The most-active July contract traded at 5,200 rupees per 100 kg, up 0.2% from previous close.
Govt targets 31.5 MMT of sugar cane production in Bihar over the next five cropping seasons.
Govt targets 31.5 MMT of sugar cane production in Bihar over the next five cropping seasons.
ICE raw sugar rises on extended bargain buying.
ICE raw sugar rises on extended bargain buying.
Dairy body buys 1,500 tonne de-oiled rice bran.
The National Cooperative Dairy Federation of India on Friday bought 1,500 tonne de-oiled rice bran at 1,485 rupees per 100 kg and 300 tonne rice polish at 1,826 rupees through an online auction. The dairy body also bought 600 tonne maize at 1,755 rupees per 100 kg through the auction.
Pakistan govt likely to allow exports of additional 0.6 MMT sugar.
Pakistan govt likely to allow exports of additional 0.6 MMT sugar.
India Wheat prices up in Kota, fall in Delhi spot market.
Wheat prices rose by 5 rupees per 100 kg in Rajasthan Kota market due to improved buying from private companies as they anticipate a fall in arrivals leading to higher prices in coming days. About 8,000-10,000 bags (1bag=100kg) arrived in the Kota market, nearly half of the 20,000 bags during the peak season. Mill quality wheat was sold down 20-30 rupees from previous close.
Chana prices steady in Delhi, Bikaner on low demand.
Chana prices steady in Delhi, Bikaner on low demand.
U.S. wheat rose for a fifth consecutive session.
CBOT wheat futures rose 0.2 percent to $4.73-1/4 a bushel, having closed up 1.2 percent when prices hit a high of $4.75-3/4 a bushel, as concerns over French and U.S. production due to unfavourable weather pushed prices to a near one-year high.
Tur prices down in Akola on muted demand.
Tur prices down in Akola on muted demand.