Iran exports 35,000 tonnes of wheat to Oman.
Ram Gopal Yadav (9 years ago)

Iran exported a 35,000 tonne cargo of wheat to Oman. For the time being only one cargo of milling wheat has been traded to Oman. because Iranian wheat is not graded, and with the current low prices of wheat from other more attractive origins, it is very unlikely that Iran able to sell more significant volumes.

US Wheat jumps 1.1 % as U.S. crop condition declines.
Ram Gopal Yadav (9 years ago)

Chicago wheat futures rose more than 1 percent, with prices underpinned by a further decline in the condition of the U.S. spring crop following weeks of dry weather. USDA rated 41 percent of the U.S. spring wheat crop as good-to-excellent, down from 45 percent a week earlier. Winter wheat the good-to-excellent rating stood at 49 percent compared with 50 percent a week ago and below last year 61 percent.

European wheat high as heatwave fans crop concerns.
Ram Gopal Yadav (9 years ago)

European wheat futures rose to their highest in nearly a year as growing concerns about the impact on crops of a heatwave in France added to support from a weather rally on the U.S. market. December milling wheat, the most active contract on the Paris-based Euronext exchange, was up 2.75 euros or 1.5 percent at 180.00 euros ($200.95) a tonne. Front-month September also touched its highest since last July, adding as much as 4 euros to 177.50 euros.

Jordan issued an international tender to purchase 100,000 tonnes wheat.
Ram Gopal Yadav (9 years ago)

Jordan state grains buyer again issued an international tender to purchase 100,000 tonnes of hard milling wheat which can be sourced from optional origins. The tender closes on June 20. A new tender had been anticipated by traders after Jordan made no purchase in its previous tender for 100,000 tonnes on June 13.

India Maize up in Purnea as rains hit arrivals.
Ram Gopal Yadav (9 years ago)

Prices of maize rose in the benchmark Purnea market of Bihar as monsoon rains hampered arrivals. About 500 tonne maize arrived in Purnea, down from nearly 2,000 tonne on previous close. Good quality maize was sold at 1,250 rupees per 100 kg in Purnea, up by 50 rupees from previous close. Maize prices were up due to low availability of good quality crop, total arrivals to market are also falling now due to rains.

Pakistan capitalising on record maize production.
Ram Gopal Yadav (9 years ago)

Output of maize has exceeded 6m tonnes for the first time in the country. This is going to boost both local sales and exports of corn and corn-based products. Pakistan produced 6.13m tonnes of maize in FY17, up 16.3pc from last year 5.271m tonnes. Whereas the area under cultivation increased to 1.334m hectares from 1.191m hectares in FY16, the crop’s yield also went up to 4,595kg per hectare from 4,426kg per hectare.

India Rice to become expensive post-GST.
Ram Gopal Yadav (9 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.