Rice acreage up 21.9% Year of Year at 551,000 hectares.
Ram Gopal Yadav (9 years ago)

Farmers in the country have sown kharif rice across 551,000 hectares, up 21.9% on year, as of Thursday. The acreage is 48.1% higher than the five-year average for the same period. The area under the rice crop in Nagaland was at about 143,000 hectares as of Thursday, up 8.3% on year, while in Arunachal Pradesh, the area was at 97,000 heactares, up from 85,000 hectares from a year ago. Uttar Pradesh, the largest producer of rice in the country, has not assigned any area under acreage up till now, while West Bengal the second largest producer of the crop has assigned 43,000 hectares, up from 42,000 hectares a year ago.

Bangladesh Coarse rice prices surge 42%.
Ram Gopal Yadav (9 years ago)

Coarse rice prices saw a surge of Tk3-Tk5 per kg while fine rice saw a Tk5-Tk10 hike per kg over the past month. Coarse rice prices have registered a whopping 42% rise in the last one year.Prices of coarse rice, which is generally consumed by poor and lower-middle income residents, have shot up by 5% to 10% in grocery stores across the country, compared to the last month. A kilogram of coarse rice was sold at Tk45-Tk50 while fine rice was sold at Tk55-Tk60 per kilogram at different grocery stores in the capital on Saturday. According to Trading Corporation of Bangladesh, coarse rice prices saw a surge of Tk3-Tk5 per kg while fine rice saw a Tk5-Tk10 hike per kg over the past month.

Philippines seen importing more rice.
Ram Gopal Yadav (9 years ago)

The Philippines is projected to import at least 1.5 million metric tons (MMT) of rice this year, 53.33 percent more than the estimated 0.7 million metric tons (MT) the country purchased from abroad last year. The FAO also noted that the price of rice for exports has started to go up after the Philippines and Bangladesh have sent signals that it would import more rice this year.

India year to Jun 2018 cotton area up 42% at 1.4 million hectares.
Ram Gopal Yadav (9 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 (9 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 (9 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 (9 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.

Grain exports from Ukraine exceeded 40.7 MMT.
Ram Gopal Yadav (9 years ago)

Ukraine exported 40.75 MMT of grains in 2016/17 by May 31, or 11.2% more than shipped abroad at the same time a year ago (36.64 MMT). This volume included 16.67 MMT of wheat (+6.7% year-on-year), 18.57 MMT of corn (+12.6%) and 5.25 MMT of barley (+22.1%). In the same period, exporters also shipped abroad 339.4 KMT of flour, including 338 KMT of wheat flour and 1.3 KMT of flour from other cereals.

Buckwheat groats production in Ukraine increased 12%.
Ram Gopal Yadav (9 years ago)

Ukrainian groats production continued recovering in 2017. 103.8 KMT of groats were produced in the four months of the current year, i.e. 1.6% more than at the same time in 2016 (102.2 KMT was made in January-April 2016). The greatest rise is seen in output of oat groats. In the period under review, oat groats production in Ukraine expanded 2.5 times to 1.84 KMT. Output of rice groats also continued growing: it gained another 73% and reached 8.32 KMT. In addition, Ukrainian production of buckwheat and corn groats recovers as well. In January-April, buckwheat groats production increased 12.5% to 15.61 KMT, while that of corn groats gained 2.7% and reached 22.30 KMT. A decline is observed in output of millet and barley groats. In these months of 2017, production of millet groats decreased 19.3% (to 5.71 KMT), output of peeled barley groats dropped by 19.1% (to 2.73 KMT) and that of pearl barley groats fell by 7.9% (to 3.07 KMT).