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.
ICE Canada canola futures slip on dollar strength, wet weather.
ICE Canada canola futures slip on dollar strength, wet weather.
India Wheat futures edge up 0.50% on spot demand.
Wheat prices inched up by 0.50 per cent to Rs 1,614 per quintal in futures trade as speculators built up fresh positions amid uptick in demand in the spot market. At NCDEX, wheat for delivery in July rose by Rs 8, or 0.50 per cent, to Rs 1,614 per quintal, with an open interest of 25,360 lots. Analysts attributed the rise in wheat futures to fresh positions created by traders due to pick up in demand from flour mills in the physical market amid pause in supplies.
France AgriMer raises 2016/17 maize stocks forecast.
France AgriMer raised its estimate of 2016/17 ending stocks to 2.3 million tonnes from 2.2 million last month, as it lowered expected exports within the EU to 4.1 million tonnes from 4.3 million.
Groundnut seed up in Gondal on bargain buying.
Groundnut seed up in Gondal on bargain buying.
India Govt Jun 1 wheat stocks 33.4 million tonne, up 2.4% from a year ago.
The government had 33.4 million tonne wheat in its stocks as of Jun 1, up from 32.6 million tonne a year ago. Government stocks have risen due to higher procurement this year. Larger purchases by government are likely to take wheat stocks in central pool to a comfortable situation this year after they fall to multi-year low last year.
Sugar prices up in north India, NCDEX, down in Maharashtra.
Sugar prices up in north India, NCDEX, down in Maharashtra.
Australia ABARES pegs 2017-18 wheat crop at 24.2 million tonne, down 31%.
The Australian Bureau of Agricultural and Resource Economics and Sciences has forecast the country wheat output in 2017-18 (Apr-Mar) at 24.2 million tonne, down 31% from previous year’s record high of 35.1 million tonne. The decline may be largely attributed to around 1.3% fall in wheat acreage to 12.7 million tonne.
ISMA says 0.477 MMT of imported raw sugar to arrive by June 30.
ISMA says 0.477 MMT of imported raw sugar to arrive by June 30.
France AgriMer raises 2016/17 wheat stocks forecast.
France AgriMer raised forecast for French soft wheat stocks at the end of the 2016/17 season to 2.7 million tonnes from 2.4 million estimated last month. The increased stocks outlook notably reflected a 200,000 tonne cut to forecast French soft wheat exports outside the European Union in 2016/17 to 5.0 million tonnes.
Centre South Brazil May 16-31 sugar output 1.75 mln tn, up 4% on year.
Centre South Brazil May 16-31 sugar output 1.75 mln tn, up 4% on year.
German 2017 wheat crops harvests expected up on year.
The country association of farm cooperatives said German wheat benefited from rain in recent weeks and an increase in both crops is expected in the 2017 harvest. Germany 2017 wheat crop increase 3 percent on the year to 25.20 million tonnes. In its last estimate in May, association forecast a German 2017 wheat crop of 24.98 million tonnes.
ICE July Sugar contract down 0.9% at 13.53 cents per pound.
ICE July Sugar contract down 0.9% at 13.53 cents per pound.
U.S. Wheat edges higher as fears for Spring crop linger.
U.S. wheat futures edged higher, recouping much of the losses from the previous session, as concerns over potential yield losses from recent dry weather lent support to prices. CBOT wheat futures rose 0.2 percent to $4.43-3/4 a bushel, having closed down 0.44 percent on previous close.