Maize prices fall in Bihar due to poor demand.
Ram Gopal Yadav (9 years ago)

In Purnea, the cattle feed quality of maize was sold down 10 rupees the previous day. Mill quality maize was sold down 5-10 rupees per 100 kg. Because poor demand for the coarse grain after rains hit the state. Prices fell due to low demand from industrial feed makers, as quality of the crop deteriorated after recent rains in Bihar. In line with spot markets, maize futures also fell on the NCDEX. The most active June contract was trading at 1,293 rupees per 100 kg, down 0.3% from the previous close.

CBOT corn down 2 to 3 cents per bushel.
Ram Gopal Yadav (9 years ago)

Lower on drier-than-expected conditions in the U.S. Midwest and improving forecasts for the coming week. Trade continues to debate how much U.S. corn will need to be replanted following widespread rains this month. CBOT July corn was last down 2-3/4 cents at $3.71-1/2 a bushel.

USDA corn Crop progress.
Ram Gopal Yadav (9 years ago)

The national corn crop was 73% emerged, last year was 75%. The initial corn condition rating was released, with 65% of the crop at good/excellent vs. last year 72%. The Brugler500 index puts the rating at 365 vs. 379 last year.

NCDEX cotton oilcake at 17-month low on weak demand.
Ram Gopal Yadav (9 years ago)

Futures contracts of cottonseed oilcake hit a 17-month low of 1,806 rupees per 100 kg tracking a fall in physical markets. Cheaper alternatives for cattle feed weakened the demand for cottonseed oilcake. June contract of cottonseed oilcake on the NCDEX ended at 1,824 rupees per 100 kg, down 1.88% from the previous close. In Kadi, cottonseed oilcake was sold at 1,165-1,170 rupees per 60 kg, down 50 rupees from previous close.

India coffee exports during Jan 1- May 26.
Ram Gopal Yadav (9 years ago)

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.

Kharif bajra acreage at 1,000 hectares, unchanged on year.
Ram Gopal Yadav (9 years ago)

The area under kharif bajra across the country for 2017-18 (Jul-Jun) as of Thursday was at 1,000 hectares, unchanged on year. Bajra sowing has started only in Tamil Nadu so far and is likely to rise with the onset of southwest monsoon over the country. Maharashtra has aimed 2017-18 kharif bajra area at 1.1 million hectares against 845,000 hectares last year, however, bajra sowing has not started in the major producing state so far.