Japan receives no offers for regular feed-wheat, barley tender.
Ram Gopal Yadav (8 years ago)

Japan Ministry of Agriculture received no offers for feed-quality wheat or barley in a simultaneous buy and sell (SBS) auction that closed on Wednesday. The ministry had sought 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by August 31, and arrive in Japan by October 31, in the tender that is usually conducted every week. It is seeking the same amounts for each grain to be loaded by September 30 and arrive in Japan by November 30 in a similar tender that will be held on June 7.

India maize unchanged in Purnea Bihar market.
Ram Gopal Yadav (8 years ago)

Maize prices were unchanged in the benchmark market of Purnea in Bihar as there was no major change in demand or supply of the coarse grain. Mill quality maize was sold at 1,225-1,230 rupees per 100 kg in Purnea. Arrivals of the coarse grain were at 5,000 tonne, also unchanged from previous close. The prices are expected to decline as demand from feed makers is low after the quality of the crop took a hit due to the recent rains in Bihar. On the NCDEX, maize futures followed the trend in spot markets and ended down. July contract ended down 0.2% from the previous close.

Govt aims 274.55 million tonne food garin output 2017-18 vs 273.4 million tonne crop 2016-17.
Ram Gopal Yadav (8 years ago)

The target for food grain production has been set at 274.55 million tonne for the new crop year, up from the bumper output of 273.4 million tonne in 2016-17. The government has set the target for rice production at 108.5 million tonne, which is lower than the record output of 109.2 million tonne this year. Wheat production target 97.5 million tonne wheat 2017-18 vs 97.4 million tonne output 2016-17. Maize production target at 26.0 million tonne 2017-18 vs 26.1 million tonne output 2016-17.

CBOT corn closed at $3.72, up 5 cents.
Ram Gopal Yadav (8 years ago)

Corn futures posted gains of 5 to 5 1/2 cents in the nearby contracts. Lower than expected crop ratings were supportive of buying, along with month end position squaring. Most of the Corn Belt states were behind their respective averages for planting and emerged corn, with IA edging slightly higher. Individual state ratings show IN at 43% g/e, with IL 52% and OH 49%. The WCB states were in better condition as expected with NE at 76% and IA at 73% good or excellent.

USDA arm says Thailand ups price of its rice exports.
Ram Gopal Yadav (8 years ago)

Prices of rice exported from Thailand have increased due to continued demand for white and parboiled rice from the country. During the week ended May 22, prices of rice exported from Thailand increased 4-6% on week. It pegged rice production in Thailand in 2016-17 at 17 million tonne, against 15.8 million tonne the previous year due to higher recovery in off-season production. The estimate for exports from the country was, however, kept unchanged at 9 million tonne.

U.S. rice prices could be headed higher in 2017-18.
Ram Gopal Yadav (8 years ago)

U.S. rice producers could see higher prices for their 2017 crops – and it not mainly because of the losses due to the flooding that occurred in portions of Arkansas, Louisiana and California in late April and early May. The long-grain rice price forecast is up about $1 per hundredweight – around $9.70 to $10.70.

1st purchase from Iraq comes in rice.
Ram Gopal Yadav (8 years ago)

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.

NCDEX coriander sinks to 4.5-year low as imports up.
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander on the NCDEX extended losses and hit a four-and-a-half-year low of 4,745 rupees per 100 kg because of a rise in cheap imports from Ukraine, Bulgaria and Russia. The most-active June contract traded at 4,770 rupees per 100 kg, down 3.2% from the previous settlement. At Kota, the benchmark market for the commodity, the Badami variety was quoted at 5,900 rupees per 100 kg, while the Eagle variety was sold at 6,200-6,400 rupees, both unchanged from previous close. Arrivals in Rajasthan were unchanged at 4,700 bags (1bag=40kg).