Futures contracts of cottonseed oilcake on NCDEX ended 2% lower as cheaper alternatives for cattle feed have hit demand for the commodity. The most active June contract of cottonseed oilcake on NCDEX was at 1,755 rupees per 100 kg, down 2% from previous close. Futures also declined due to weakness in spot prices. In Akola, cottonseed oilcake sold for 1,800 rupees per 100 kg, down 50 rupees from previous close.
Swiss farmers reject palm oil cow supplements.
Swiss farmers reject palm oil cow supplements.
India coffee exports during Jan 1- May 31.
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.
Mustard seed prices up in Jaipur on local demand.
Mustard seed prices up in Jaipur on local demand.
ICRA says GST to have neutral impact on sugar sector.
ICRA says GST to have neutral impact on sugar sector.
ICE Canada canola futures fall on technical selling.
ICE Canada canola futures fall on technical selling.
Sugar prices down in Maharashtra, unchanged in north India.
Sugar prices down in Maharashtra, unchanged in north India.
Edelweiss sees groundnut oil prices down 2% in June.
Edelweiss sees groundnut oil prices down 2% in June.
ICE sugar futures low as surplus expectations weigh.
ICE sugar futures low as surplus expectations weigh.
India Wheat fall in major spot markets on weak demand.
Wheat prices fell 10 rupees in the wholesale markets of Delhi and Kota due to high supplies amid weak demand. Markets are flooded with wheat supplies as the country had a bumper harvest this year but demand from bulk buyers is weak. Although the government made high purchases to support prices and build their stocks, procurement has slowed now and this is further creating bearish sentiment in the market. NCDEX June contract ended down 0.1% from the previous close.
U.S. and Mexico moving closer to sugar trade deal, Mexican minister.
U.S. and Mexico moving closer to sugar trade deal, Mexican minister.
Russia Sowing progress of cereals and pulses.
Planting of spring cereals and pulses was completed on an area of 24.839 million hectare (80% of the plan). This is 4.7% less than planted at the same time last year (26.077 million ha). Spring barley was sown on 6.517 million ha (84.6%) against 6.897 million ha in 2016, spring wheat on 10.250 million ha (75.6%) against 11.496 million ha in 2016, rice on 0.157 million ha (74%) against 0.172 million ha a year ago. Corn planting in Russia is 90% complete. The crop was sown on 2.747 million ha against 2.508 million ha 2016.
Maharashtra scraps stock-holding limit on all pulses except chana.
Maharashtra scraps stock-holding limit on all pulses except chana.
Egypt purchased 180 KMT of milling wheat from Russia and Romania in a tender.
Egypt purchased 180 KMT of milling wheat from Russia and Romania with shipment during July 1–10, 2017 at an average price of USD 202.61/MT C&F. The price in the previous tender equaled USD 207.91/MT C&F. In the previous tender, on May 17, 2017 Egypt bought 295 KMT of milling wheat from USA, Russia, Ukraine and Romania with shipment during June 15–24, 2017.
Chana prices down in Bikaner on subdued demand.
Chana prices down in Bikaner on subdued demand.
India maize unchanged in spot market.
Maize prices remained unchanged in Purnea, Bihar, with good quality grain sold at 1,220-1,225 rupees per 100 kg and low quality at 1,100-1,120 rupees per 100 kg. With improving weather conditions, supply of good quality maize is increasing. On NCDEX, most active June maize contract ended almost flat at 1,301 rupees per 100 kg.
NAFED procures 42,617 tn chana for buffer stock.
NAFED procures 42,617 tn chana for buffer stock.
Bulgaria Corn export prices strengthened following the world market.
Trading activity in Bulgaria grain market remains sluggish. The corn market is flat. The demand is weak both from traders and millers. Despite the price decline in the domestic market, export prices for Bulgarian corn somewhat strengthened following the world market. Bulgarian traders continue working with old-crop wheat, though this season exportable inventories have run out. Bulgaria exported 3.95 MMT of wheat by May 19. Bulgaria continues supplying small volumes of wheat both to the EU market and beyond its borders.
NCDEX soybean up 2% on short covering post 5-yr low.
NCDEX soybean up 2% on short covering post 5-yr low.
1st purchase from Iraq comes in rice.
Iraq precedent-setting purchase of 30,000 MT of U.S. long grain milled rice comes after more than 16 months without any Iraqi purchases of U.S. rice. The 30,000 MT sale for July delivery was awarded to ADM, and comes almost a full year since the MOU was negotiated between the MOT and the U.S. Embassy in Baghdad.