India year to Jun 2018 cotton area up 42% at 1.4 million hectares.
Ram Gopal Yadav (8 years ago)

Farmers had sown cotton across 1.41 million hectares as of Thursday, up 42.4% on year. In Haryana, acreage was at 630,000 hectares, up 28% on year, while in Punjab, the area under cotton was up 52% at 382,000 hectares. Farmers in Gujarat, country’s largest producer, have started sowing cotton early this year and covered 49,000 ha as of Thursday.

NCDEX coriander up 1% on low availability of stocks.
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander on the NCDEX were up over 1% because of lower availability of stocks with farmers. The front-month July contract was at 4,820 rupees per 100 kg, up 1.4% from the previous settlement. India total annual consumption of coriander is 320,000 tonne, and the amount left with stockists is only half of it. Farmers in the state have very less produce left with them and most of the crop is lying with stockists, who are refraining from selling as they await a rise in prices. In Kota, the benchmark market, the Badami variety was sold at 5,600 rupees per 100 kg, while the Eagle variety was quoted at 5,800 rupees, both up 100 rupees from previous close. Arrivals in Rajasthan were 5,000 bags (1bag=40kg), up 3,000 bags from previous close.

WASDE JUNE RICE OUTLOOK:
Ram Gopal Yadav (8 years ago)

U.S. 2016/17 rice ending stocks are lowered 2.0 million cwt this month on increased exports. Milled exports for 2016/17 are raised 4.0 million cwt on strong demand particularly in the Middle East. However, rough exports for 2016/17 are lowered 2.0 million cwt on a correction in Census data for shipments to El Salvador; the correction also led to a slight reduction in 2015/16 rough exports. Total supplies for 2017/18 are down 2.0 million cwt, reflecting the lower beginning stocks and unchanged production. All rice planted area remains estimated at 2.6 million acres despite weather-related uncertainties in the mid-South and California during planting this spring. NASS will release the Acreage report on June 30 providing an estimate for rice planted area and a forecast for harvested area. Total exports are raised 2.0 million cwt to 112.0 million with milled increased 3.0 million and rough reduced 1.0 million. Ending stocks are lowered 4.0 million cwt to 34.1 million, and the 2017/18 all rice season-average farm price is raised $0.30 per cwt at the midpoint to a range of $11.00 to $12.00. Global supplies are raised fractionally for both 2016/17 and 2017/18. The largest change is a 1.5-million-ton increase in 2016/17 India production to 108.0 million on updated government statistics. Global 2017/18 rice production is lowered fractionally to 481.0 million tons, down 2.1 million tons from the previous year and the second largest on record. Exports are raised 0.6 million tons in 2016/17 and 0.5 million tons in 2017/18 both largely on increases for India. Imports for 2017/18 are raised 0.4 million tons for Bangladesh on tight supplies. Only slight changes are made this month to total use. Ending stocks are raised 0.7 million tons for 2016/17 and 0.8 million tons for 2017/18, respectively.

Egypt buys 0.36 million tonnes of wheat in a purchase tender.
Ram Gopal Yadav (8 years ago)

Egypt state grain buyer GASC bought 0.36 million tonnes of wheat in a purchase tender. GASC had bought 0.24 million tonnes of Russian wheat and 0.12 million tonnes of Romanian wheat, continuing the dominance of Black Sea-origin wheat, which made up the lion share of purchases in last year state tenders.

Iran dispatches 1st wheat cargo to Oman.
Ram Gopal Yadav (8 years ago)

First 35,000 tonne shipment of wheat in the new Iranian year has been deployed to Oman. The country capacity to export two million tons of wheat in the current year (began March 21) and has no need for imports of the product; with careful planning, Islamic Republic of Iran can turn into a giant exporter of wheat and flour.

US Wheat Updates.
Ram Gopal Yadav (8 years ago)

Japan Ag Ministry bought a total of 159,610 MT of Aussie, Canadian, and US wheat, which included 81,115 of US wheat. During last week in wheat marketing year a reported 26,845 MT in net old crop sales. Sales for 2017/18 totaled 461,000 MT, with 1.88 MMT carried over from 2016/17. Weekly shipments for the final week of 2016/17 were 470,933 MT, with exports of 93,912 MT for the start of 2017/18. The U.S. Drought Monitor is showing level D2 Severe Drought covering the North Dakota/South Dakota border.

Dairy body to buy 1,500 tonne de-oiled rice bran.
Ram Gopal Yadav (8 years ago)

The National Cooperative Dairy Federation of India will buy 1,500 tonne de-oiled rice bran and 300 tonne of rice polish through a reverse electronic auction on Friday. The commodities, used as cattle feed, will be bought on behalf of the Erode District Co-Operative Milk Producers’ Union. The National Cooperative Dairy Federation of India, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.

Thailand rice prices high on strong demand from importing countries.
Ram Gopal Yadav (8 years ago)

Prices of Thai rice hit their highest in nearly four years while those of the Vietnamese grain rose to their strongest in more than two years on strong demand from key importing countries. Thailand’s benchmark 5-percent broken rice RI-THBKN5-P1 was quoted at $440-$457 a tonne, free-on-board (FOB) Bangkok, up from $430 last week. Exporters are now buying the grain at much higher prices than when deals were struck, while some have shied away from fresh deals. Thailand has exported 5.09 million tonnes of rice so far, this year, up 15.7 percent from the same period last year.