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.
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.
Farm body to auction urad, chana via NCDEX e-Markets.
Farm body to auction urad, chana via NCDEX e-Markets.
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.
Tur prices down in Akola as acreage seen rising.
Tur prices down in Akola as acreage seen rising.
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.
Urad prices down in Akola on muted domestic demand.
Urad prices down in Akola on muted domestic demand.
CBOT corn Up 2 to 4 cents per bushel.
Strength in corn stemming from new weather outlook that took some rain out of the forecast for the U.S. Midwest during the next week. Bargain buying also expected following sharp decline on previous close. CBOT July corn last up 2-1/4 cents at $3.79-1/2 a bushel.
Lentils area in U.S may increase by 13.05 % to 1.055 million acres in 2017.
Lentils area in U.S may increase by 13.05 % to 1.055 million acres in 2017.
Zimbabwe bans grain imports after higher maize output.
Zimbabwe has banned grain imports to protect local farmers after producing enough to meet domestic demand. The southern African nation’s grain agency has also raised $200 million from the government and private sector to purchase maize from farmers. The national treasury last week forecast output of the staple maize at 2.1 million tonnes this year, from 511,000 tonnes in 2016.
Gram, arhar remain up up to Rs 100 per quintal on rising demand in national capital.
Gram, arhar remain up up to Rs 100 per quintal on rising demand in national capital.
Bulgaria Spring grain crops sowing.
High air temperature was typical for the Bulgarian territory during the first ten days of June. In some places, the air temperature reached +30-33°C. Such weather boosted the agricultural crops development. In some regions, precipitation in the form of rain and hail damaged crops. Corn for grain had been planted on 411.52 Th ha compared to 415.87 Th ha by the same time last year.
Kabuli chickpeas across Western Canada 69 to 70 cents a pound.
Kabuli chickpeas across Western Canada 69 to 70 cents a pound.