India Flash floods in Assam likely to hit paddy production.

Heavy monsoon showers that caused flash flooding in certain parts of Assam are likely to hamper production of paddy in the state. Most farmlands are submerged under water, causing threat to paddy seeds sown in the fields. During the first 13 days of the Jun-Sep monsoon season, Assam and Meghalaya received 148.9 mm of rainfall, while it received 94% above-normal rains on tuesday.

India Paddy transplantation begins.

The area under paddy has come down from roughly 30.46 lakh hectares during the last season to 28.45 lakh hectares now. Going against the guidelines issued by the Agriculture Department, Punjab farmers in several villages have started transplanting paddy. As per the Sub Soil Water Conservation Act the Agriculture Department would destroy the paddy if is transplanted even a single day before June 15 and the farmer would be made to pay for it. Many farmers also believe that the labour is easily available during the initial days and thus it is convenient for them to transplant paddy on time.

India Rice basmati remains weak on muted demand.

Rice basmati prices fell further by up to Rs 200 per quintal at the wholesale grains market today owing to fall in demand against adequate stocks position. In the national capital, rice basmati common and Pusa 1121 variety slipped to Rs 6,600-6,800 and Rs 5,500-5,800 from previous levels of Rs 6,800-7,000 and Rs 5,600-5,900 per quintal, respectively.

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.

CBOT Trends-Wheat up 5-8 cents/bushel.

Rising on strength in MGEX spring wheat futures, which rallied overnight following the U.S. Agriculture Department crop conditions report that showed good-to-excellent ratings for the spring wheat crop fell in the latest week due to dryness in the U.S. Plains. CBOT July soft red winter wheat was last up 5-1/4 cents at $4.39-1/4 cents per bushel, K.C. July hard red winter wheat was last up 7-1/2 cents at $4.50-1/4 a bushel and MGEX July spring wheat was last up 15 cents at $6.15-1/2 a bushel.

Egypt GASC to import 6 million metric tonne of wheat this year.

GASC, was expected to import a record six million metric tonne of wheat this marketing year, up from around 5.4 million metric tonne in the last year. A GASC wheat tender was announced for shipment July 15-25 for 12.5% protein wheat. GASC closed its most recent wheat tender on Saturday for 360,000 metric tonne for July 10-20 shipment on an FOB basis at an average price of $194.22/ metric tonne, which included both Romanian and Russian origins. That followed a tender that closed on May 31 when 240,000 metric tonne were purchased.

Tunisia tenders to purchase 92,000 tonnes of soft milling wheat.

Tunisia state grains agency has issued an international tender to purchase some 92,000 tonnes of soft milling wheat and 25,000 tonnes of feed barley. The origin was optional. Tender deadline is Wednesday, June 14. The wheat was sought in three consignments of 25,000 tonnes and one of 17,000 tonnes. If sourced from Europe or the Black Sea region, shipment was sought for Aug. 20 to Oct. 10. Shipment periods from other origins differ. The barley was sought in a single 25,000 tonne consignment for July 15 to Aug. 5 shipment depending on origin.

Syria received 225,000 T of Russian wheat from commercial deal.

Syria has received 225,000 tonnes of Russian wheat, part of a 1.2 million tonne wheat deal struck in February through its state grain buyer. Syria one-million tonne tender execution still on hold Hoboob so far purchased 32,000 tonnes of local wheat. Syria has so far procured only around 32,000 tonnes of wheat but the buying season will go on until August. It expects the country to produce 2.17 million tonnes of local wheat in the 2017 season.

India Delhi wheat prices unchanged in thin trade, Indore markets shut.

In Delhi, mill-quality wheat was sold at 1,755 rupees per 100 kg, while the grain was quoted at 1,518 rupees in Kota. Markets in Indore have been shut for nearly 15 days due to ongoing protests by farmers in the state. Futures contracts of wheat on the NCDEX were flat, with the most active July contract ending at 1,610 rupees per 100 kg, unchanged from the previous close.