USDA Madagascar 2017/18 rice production down 0.2 MMT from last year.
Ram Gopal Yadav (8 years ago)

USDA Madagascar 2017/18 rough rice production is estimated at 3.5 million metric tons, down 0.2 MMT from last year. The estimated output is below the 5-year average due to a severe drought in the central and northern regions of the country where nearly 80 percent of Madagascar rice is grown. Area is estimated at 2.2 million hectares, down 0.2 million hectares from last year due to the drought. Seasonal rainfall during the first half of the rice growing season (November 2016 through February 2017) was the lowest in the past 36 years. The drought in the central and northern parts of the country reduced planting and significantly reduced yields.

India Bajra acreage at 8,200 ha as of Wed, up 34% on year.
Ram Gopal Yadav (8 years ago)

The area under kharif bajra across the country as of Wednesday was at 8,200 ha, up 34.4% on year. The rise in acreage of the coarse grain can be attributed to early onset of southwest monsoon this year. The rise in acreage under bajra is mainly driven by a higher area in Rajasthan, where the acreage was at 50,000 ha, up from 14,000 ha a year ago.

Jordan issued international tender to purchase 100,000 tonnes barley.
Ram Gopal Yadav (8 years ago)

Jordan state grain buyer issued another international tender to purchase 100,000 tonnes of animal feed barley to be sourced from optional origins, European traders said. Tender deadline is June 21, traders said. The new tender had been expected after Jordan made no purchase in its previous tender for 100,000 tonnes which closed on June 15.

MCX cotton down for 2nd day as output seen higher.
Ram Gopal Yadav (8 years ago)

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.
Ram Gopal Yadav (8 years ago)

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.
Ram Gopal Yadav (8 years ago)

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.

India Rice to become expensive post-GST.
Ram Gopal Yadav (8 years ago)

From July 1, post-Goods and Services Tax (GST) introduction the rice is set to become expensive by three to five rupees per kilogram. India is the world largest producer of rice apart from Pakistan and Thailand, accounting 20 per cent of world production. As per the GST Act, branded and packaged rice attracts 5 per cent tax, in addition to the tax levied by the state government at 1.5 per cent; the total tax would be 6.5 per cent per kilogram. In fact, the price of all varieties of rice is expected to increase. The rice cultivating states mainly Karnataka, Andhra Pradesh, West Bengal and Punjab will be affected by the change of tax rate. Most of the states are charging only 1.5 per cent tax, this is the first-time rice will get taxed at 5 per cent.

Thailand 2017 rice exports are tipped to reach 11 million tonnes.
Ram Gopal Yadav (8 years ago)

Thailand rice exports are likely to hit a record high this year. Thailand 2017 rice exports are tipped to reach 11 million tonnes, the most ever, because of rising demand in rice-importing countries at a time that production in grower countries is falling. Thai 5% broken grade white rice to US$462 (15,684 baht) a tonne, up from last month $416 a tonne.

NCDEX to levy 5% additional margin on cotton oilcake.
Ram Gopal Yadav (8 years ago)

The National Commodity and Derivatives Exchange impose a 5% additional margin on Jul-Sep contracts of cottonseed oilcake, both on buy and sell sides. The cottonseed oilcake contracts have fallen over the last few weeks because of ample supplies and subdued demand in the local market. The most active July futures of the commodity ended 1.5% down at 1,721 rupees per 100 kg.