Futures contracts of coriander on the NCDEX hit the 4% upper circuit today as investors covered their short positions after prices slipped to a four-and-a-half-year low of 4,535 rupees per 100 kg. The most-active June contract was at 4,807 rupees per 100 kg, up 3.7% from the previous settlement. Decline in supply in the physical markets also boosted sentiment. Arrivals in Rajasthan were 4,300 bags (1bag=40kg) down 2,200 bags from the previous day.
India coffee exports during Jan 1- Jun 5.
The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tn, up from 327,000 tn produced a year ago, but down from previous estimate of 350,000 tn. The board has estimated the output for 2016-17 at 316,700 MT tn, down 9% on year.
Ukraine production of sunflower oil fall 12% in April.
Ukraine production of sunflower oil fall 12% in April.
Govt FY18 wheat buys exceed target in Uttar Pradesh at 3.07 million tonne.
Government has so far procured 3.07 million tonne wheat from Uttar Pradesh for the 2017-18 (Apr-Mar) season, beating the initial target of 3.0 mln tn. Government purchases are still in progress in the state and procurement may touch 3.5 million tonne this year. Overall, the government has purchased 30.1 million tonne wheat across the country, up 31.3% from a year ago. Apart from Uttar Pradesh, procurement operations are still underway in Uttarakhand and Rajasthan.
Moong down in Jaipur on low demand from millers.
Moong down in Jaipur on low demand from millers.
Mustard seed a tad up in Jaipur on stockists demand.
Mustard seed a tad up in Jaipur on stockists demand.
EU wheat rebounds as U.S. weather rally offsets strong euro.
European wheat futures rose, recovering from a two-month low in the previous session, as a U.S. rally fuelled by poor weather for spring wheat offset strength in the euro and improving crop conditions in western Europe. Front-month September milling wheat on the Paris-based Euronext market unofficially closed 0.7 percent higher at 166.75 euros a tonne after rising as high as 167.50 euros. However, the trend remains bearish with improving crop prospects after the recent rain. The euro was firm against the dollar to trade close to a near seven-month high.
Sugar slump poses threat to U.S. ethanol exports.
Sugar slump poses threat to U.S. ethanol exports.
ICE July canola eased 20 cents to $509.50 per tonne. New-crop November canola rise $3.90 to $488.70 per tonne.
ICE July canola eased 20 cents to $509.50 per tonne. New-crop November canola rise $3.90 to $488.70 per tonne.
US wheat lowest offer in Iraq 50,000 T wheat tender.
The lowest price offer submitted in the tender from Iraq state grains board to buy at least 50,000 tonnes of hard wheat was $264.66 a tonne c&f free out for wheat sourced from the United States. A multinational trading house offered a total of 300,000 tonnes of US wheat in the latest tender at between $264.66 and $284.70 a tonne c&f free out. One Middle Eastern trading house offered 50,000 tonnes of US wheat at $279.50 a tonne c&f free out. A second Middle Eastern trading house offered 50,000 tonnes of US or Canadian wheat at the much higher price of $415.00 a tonne c&f free out.
Mexico agrees to sugar trade deal with U.S.
Mexico agrees to sugar trade deal with U.S.
Japan offers to buy 159,610 tonnes food wheat via tender.
Japan Ministry of Agriculture is seeking to buy a total of 159,610 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender. Japan keeps a tight grip on imports of the country second-most important staple after rice, and buys majority of the grain for milling via tenders typically issued thrice a month.
ICE July raw sugar up 0.09 cent, or 0.65%, at 13.98 cents per lb. August white sugar up $2.6 or 0.63%, at $412.90 per tonne.
ICE July raw sugar up 0.09 cent, or 0.65%, at 13.98 cents per lb. August white sugar up $2.6 or 0.63%, at $412.90 per tonne.
Turkey expected 2017 wheat production to rise 6 percent.
Agriculture Minister Turkey expected wheat production to rise 6 percent in 2017 from a year earlier, while barley production was seen up 12 percent this year. Turkish Grain Board (TMO) begin purchases as of Tuesday with the aim of meeting producers storage and financing needs.
Sugar down in north India on fear of GST impact.
Sugar down in north India on fear of GST impact.
Wheat near 2-week high as adverse weather hits U.S. crops.
Chicago wheat gained more ground, trading near last session two-week high on worries about dry weather threatening production of high-protein wheat in the United States. CBOT most-active wheat contract rose 0.7 percent to $4.38-3/4 a bushel, having climbed to $4.40-3/4 a bushel, the highest since May 22. Spring wheat damage and poor conditions for the hard-red winter wheat in the U.S. because of harsh weather.
Parle introduces new pulses brand called Fresh Harvest.
Parle introduces new pulses brand called Fresh Harvest.
India Maize weakens on subdued demand.
Maize prices softened by Rs 5 per quintal due to muted demand from consuming industries against adequate stocks. Sluggish demand from consuming industries against sufficient stocks position mainly weighed on maize prices. In the national capital, maize declined by Rs 5 to Rs 1,410-1,420 per quintal.
Chana prices up in spot markets on low supply.
Chana prices up in spot markets on low supply.
India Maize futures end down nearly 2% on better monsoon.
NCDEX Maize futures ended nearly 2% lower today as India weather bureau revised upwards its forecast for monsoon rains this year, thereby adding to the bearish sentiment. The July maize contract on the NCDEX ended at 1,287 rupees per 100 kg, down 1.9% from the previous close. Good monsoon rains in the country are likely to boost maize production and increase supplies in domestic markets. Though prices were unchanged from Monday, overall sentiment for maize is bearish.