Australia field peas area and production may decline by 4.85 and 24% respectively in 2017-18.
Philippines Price of rice up in Marawi city.
The Department of Trade and Industry (DTI) has confirmed that a variant of commercial well-milled rice is being sold for more than P5,000 per sack in conflict-stricken Marawi City. The brand Happy Meal Well-Milled Rice was being sold in Marawi costs P5,600 per 25-kilogram sack. Other commercial rice products are available in the Lanao del Sur provincial capital at lower prices, generally costing up to P50 a kg.
Lentils area in Australia would increase by 26 % to 0.385 mln ha, rough weather would affect production.
Lentils area in Australia would increase by 26 % to 0.385 mln ha, rough weather would affect production.
All-India cotton arrivals up at 31,600 bales.
About 31,600 bales (1bale=170kg) of cotton arrived in major spot markets across the country on Tuesday, up marginally from 31,000 bales on previous close.
Philippines NFA sets bidding for 250,000 MT imported rice.
State-run National Food Authority (NFA) is set conduct in the first week of July the bidding for 250,000 metric tons of rice supposedly to beef up government buffer stocks during the lean months.
Akola, Gulbarga tur unchanged as supply down, demand low.
Akola, Gulbarga tur unchanged as supply down, demand low.
India coffee exports during Jan 1- Jun 13.
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.
Bangladesh to be fourth largest global rice producer in 2017: FAO.
Bangladesh is expected to be the world fourth largest rice producer in 2017. The FAO forecast that the biggest rice producer this year China with 142.3 million tonnes, followed by India with 110.4 million tonnes, Indonesia, Bangladesh and Vietnam. Global rice output is likely to increase by 0.7 per cent to 502.3 million tonnes. After two years of decrease, global rice exports are predicted to expand by 5 per cent in 2017 to 44.2 million tonnes compared with 43.6 million tonnes in the previous year, with India expected to remain the largest rice exporter. Global rice prices have been stabilised since early 2017 due to increasing demand and currency reforms in India and Thailand.
NCDEX soybean up on low supplies in spot markets.
NCDEX soybean up on low supplies in spot markets.
NCDEX marks 2,160 tonne coriander for delivery.
The NCDEX has marked 2,160 tonne of coriander for staggered delivery in the June contract. The bourse has also marked 1,530 tonne of soybean, 260 tonne of cottonseed oilcake, 240 tonne each of castor seed and guar seed, 200 tonne of guar gum, 195 tonne turmeric, 170 tonne of barley and 78 tonne of jeera staggered delivery. Staggered delivery is used to check any artificial rise in prices. Under this mechanism, sellers can indicate intention of delivery to the exchange during the tender period, currently a 10-day span before the contract expires.
Vietnam: Rice exports hit 3-year high.
The demand for Vietnam 5% broken rice, has been rising, hitting US$390 per tonne in the early days of June, against US$360 per tonne to US$380 per tonne in late May. This is the highest price since December 2014. A tonne of 5% broken rice in the domestic market stood between VND7.65 million (US$340) and VND7.75 million in early June, up VND550,000 (US$24) per tonne against last month.
Jaipur mustard seed down on high supply, low demand.
Jaipur mustard seed down on high supply, low demand.
NCDEX coriander up over 2% as demand exceeds supply.
Futures contracts of coriander rose over 2% on the NCDEX because demand from domestic retailers was higher than the stocks available with farmers and stockists. The most-active July contract traded at 4,983 rupees per 100 kg, up 2.4% from the previous close, after it hit the 3% upper circuit in early trade. India annual consumption of coriander is 320,000 tonne, and the amount left with stockists is only half of it. In Kota, the benchmark market, the Badami variety of coriander traded at 5,700-5,750 rupees per 100 kg, while the Eagle variety was quoted at 5,900-5,950 rupees. Prices of both the varieties were up 100 rupees from previous close. Arrivals in Rajasthan were largely unchanged at 4,400 bags (1bag=40kg).
Bangladesh to import 250,000 tonnes of rice from Vietnam.
Bangladesh buy 50,000 tonnes of parboiled rice at $470 per tonne and another 200,000 tonnes of white rice at $430 per tonne.
NCDEX mustard seed up on firm demand, low supply.
NCDEX mustard seed up on firm demand, low supply.
India Govt. Wheat Sale Reserve Price (Rs. /100Kg) State Wise:
Delhi Rs.1852-1866; Kerala Rs.2153-2178; Karnataka-Rs.2084-2118. Invites also floated for other states too. As earlier Govt declared that wheat from Punjab/Haryana/Madhya Pradesh would sale at Rs.1790 excluding the transportation and other charges. India wheat procurement crosses 30.5 MMT, last year same time 22.96MMT.
Myanmar exports over 180,000 tonnes of rice in May.
Myanmar exported over 180,000 tonnes of rice worth over US$59 million in May, including over 72,000 tonnes of rice worth over $21 million. The country exported 39,115 tonnes of white and parboiled rice worth $11 million from May 28 to June 3 via sea routes: 6,430 tonnes of Emata rice to Bangladesh, 450 tonnes of parboiled rice and 150 tonnes of Emata rice to Russia, 625 tonnes of Emata rice to Madagascar, 250 tonnes of Emata rice to Andorra, 1,000 tonnes of Emata rice to Togo, 7,548 tonnes of Emata rice to Singapore, 20,000 tonnes of Emata rice to Côte d’Ivoire, 2,564 tonnes of Emata rice and 50 tonnes of parboiled rice to EU countries, and 48 tonnes of Emata rice to Sri Lanka.
CBOT July Soybean closed at $9.31 3/4, down 3/4 cent.
CBOT July Soybean closed at $9.31 3/4, down 3/4 cent.
India govt extends FY18 wheat buys in Rajasthan till Jun 30.
Wheat procurement in Rajasthan has been extended by a fortnight and will now continue till Jun 30. So far, the government has purchased 1.21 million tonne wheat in the state for the 2017-18 marketing year (Apr-Mar), nearly 60% higher than a year ago. Government may purchase 1.25 million tonne from the state by the time the procurement ends. Overall, the government has so far purchased 30.5 million tonne wheat across the country, up 32.8% from a year ago.
German 2017 maize crops harvests expected down on year.
The maize crop falls 5.7 percent to 3.78 million tonnes. The rain which had benefited other crops had hindered spring maize sowings and the total maize area sown will be reduced by 5.7 percent to 392,000 hectares.