Thailand 2.1 million tonnes of inedible rice sold in the latest bidding held.
Ram Gopal Yadav (8 years ago)

Around 2.1 million tonnes of inedible rice stored by the state were expected to be sold in the latest bidding held yesterday by the Ministry of Commerce, leaving only a small amount of poor quality grade grain in the government stockpile to be put on sale next month. Offer prices ranged between 2,000-6,700 baht per tonne and depended mostly on how poor the quality of the rice was. However, the offer prices were well above offers in the previous bid of around 4,000 baht a tonne.

India Spot rice prices fall as traders cautious ahead of GST.
Ram Gopal Yadav (8 years ago)

Prices of rice fell in the key wholesale markets of the country as traders liquidate stocks fearing demand may be hit after the roll out of GST as a 5% tax on branded flour will be levied. In Haryana Karnal market, prices of 1121 basmati sella rice fell by 100 rupees, and the grain was traded at 5,300-5,400 rupees per 100 kg. Permal raw variety non-basmati rice was traded at 2,800 rupees per 100 kg in Karnal.

Bangladesh to import 250,000 tonne rice from Vietnam.
Ram Gopal Yadav (8 years ago)

Bangladesh has signed a deal with Vietnam to import 250,000 tonne of rice. Bangladesh will buy 50,000 tonne of parboiled rice at $470 per tonne, and 200,000 tonne of white rice at $430 a tn. The government had earlier planned to buy 1.5 million tonne of grain during the Boro crop season (Nov-May) this year. The floods damaged Boro crops, which would have yielded 600,000 tonne of rice.

USDA Corn sales higher in latest week.
Ram Gopal Yadav (8 years ago)

Corn and soybean export sales increased in the latest week but matched trade forecasts and topped the paces needed to meet the U.S. Department of Agriculture annual forecasts. Old-crop corn sales of 23.7 million bu. were up about 10 million from a week ago, while new-crop sales of about 531,500 bu. were down sharply from a week ago and missed forecasts. Old-crop sales were led by Mexico, Colombia and China, while the new-crop business went to Panama, the French West Indies and Nicaragua.

India Dairy body to buy 1,400 tonne maize at e-auction.
Ram Gopal Yadav (8 years ago)

The National Cooperative Dairy Federation of India will buy 1,400 tonne maize through a reverse electronic auction on Jun 22. The commodity, used as cattle feed, will be bought on behalf of the Kerala Co-operative Milk Marketing 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 Wheat prices, however, were unchanged in major markets.
Ram Gopal Yadav (8 years ago)

In Delhi, mill quality wheat was sold at 1,740-1,750 rupees per 100 kg and in Kota, it was quoted at 1,500-1,530 rupees per 100 kg. Markets in Indore were shut, but are likely to re-open on Friday. The July wheat contract on the NCDEX ended at 1,617 rupees per 100 kg, down 0.06% from previous close.

MCX cotton down on high stock, good output hopes.
Ram Gopal Yadav (8 years ago)

Futures contracts of cotton fell on MCX due to high stocks and a rise in acreage. The USDA has scaled up its estimate for ending stocks of cotton in India for the season to 13.34 million bales (1USbale=480pound) from 13.24 million bales projected in May. Expectation of a higher production of cotton also weighed on the sentiment. Farmers in the country have sown cotton across 1.41 million ha as of Jun 8, up 42.4% on year. On the MCX, the June contract was at 20,090 rupees per bale (1bale=170kg), down 0.6% from the previous close.