India Wheat prices, however, were unchanged in major markets.
Ram Gopal Yadav (9 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 (9 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.

Australia wheat prices at 1-year high on dry weather.
Ram Gopal Yadav (9 years ago)

Prices of the new crop wheat for January delivery in Australia touched a one-year high of A$265 a tonne (13,000 rupees) due to concerns over dry weather in the western part of the country. In western Australia, where the new crop has been planted, soil moisture is currently at record low and the weather bureau has forecast high temperature and little or no rainfall next week. The country is already grappling with low output concerns and wheat production in 2017-18 is seen 31% lower on year at 24.2 million tonne.

India coffee exports during Jan 1- Jun 14.
Ram Gopal Yadav (9 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 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

U.S. Wheat rises to six-week high on concerns of dry weather on U.S. crop.
Ram Gopal Yadav (9 years ago)

Wheat climbed to its highest since early May with the market on track for a second week of gains as dry weather in parts of North America threatens to reduce yields. Wheat earlier rose to as much as $4.58-1/4 a bushel, the highest since May 2. Wheat is rallying on concerns that recent dry weather will curb the output of the U.S. spring crop. North American spring wheat crops remain too dry and weather forecasters do not expect that to change.

NCDEX coriander up over 1% on supply shortage.
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander rose over 1% on NCDEX because arrivals in the spot markets of Rajasthan were declining. The most-active July contract traded at 5,120 rupees per 100 kg, up 1.3% from the previous close. In the benchmark market of Kota, the Badami variety of coriander traded at 5,700-5,850 rupees per 100 kg, while the Eagle variety was quoted at 5,900-6,000 rupees. Prices of both varieties were up 200 rupees from previous close. Arrivals in Rajasthan were 3,300 bags (1bag=40kg), down 1,100 bags from the previous day.

India Odisha farmers protest non-procurement of paddy.
Ram Gopal Yadav (9 years ago)

Rabi paddy procurement has been paralysed in the backward district as custom millers have stopped work for the past three days as a mark of protest against an order of Odisha Civil Supply Corporation to stop payment of handling charges of Rs 4 per quintal paid to them. Odisha Civil Supply Corporation in its 12 June order discontinued the handling charges paid to the custom millers for delivering the stock of rice at Rice Receiving Centres-cum-Departmental Storage Centres (RRCs-cum-DSCs) and stacking inside the godown. About 2 lakh quintals of Rabi paddy are yet to be procured from farmers. 12.51 lakh quintals of Rabi Paddy have already been purchased in 70 purchasing centers run by 43 Primary Agriculture Cooperative Societies. Delay in procurement of paddy by the state government has become a major problem for the farmers due to the onset of monsoon. They fear that bags of paddy bags stocked at different procurement centres may get spoilt in the rain.