Wheat prices fall in Indore as govt buying ends.
Ram Gopal Yadav (8 years ago)

In Indore, good-quality grain was sold down 5-10 rupees per 100 kg, while mill-quality wheat down 5-10 rupees per 100 kg. Now that government buying has stopped, farmers are bound to bring even the superior quality wheat to markets, leading to rise in supply. So, there is a steeper fall in superior quality wheat. The government has bought nearly 6.7 million tonne wheat from Madhya Pradesh. As of now, the government had no plans to extend the procurement scheme.

India coffee exports during Jan 1- May 29.
Ram Gopal Yadav (8 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 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

India wheat procured 29.7 million tonne, up 29.6% on year.
Ram Gopal Yadav (8 years ago)

Overall, the Centre has procured 29.7 million tonne wheat across the country, up 29.6% on year but short of its initial target of 33 million tonne. In Uttar Pradesh, the largest wheat producing state, the the government has procured 2.7 million tonne wheat, close to target of 3.0 million tonne. In Punjab, the government has crossed the target of 11.5 million tonne and as of Monday, the procurement was at 11.7 million tonne, up 9.9% from a year ago. The government has procured 7.4 million tonne wheat in Haryana, up 10.1% on year, almost achieving the target of 7.5 million tonne.

US Quarter of Kansas wheat in poor, very poor condition.
Ram Gopal Yadav (8 years ago)

The latest government update shows a quarter of the winter wheat crop in Kansas is in poor to very poor condition. 30 percent of the state wheat is rated in fair condition. About 38 percent is in good and 7 percent in excellent condition. Wheat coloring is at 39 percent. Hail in northwestern Kansas has damaged some wheat and recently planted spring crops. The southern half of the state was mostly dry this past week while areas in the north got up to two inches of rain.

Rain cloud over paddy stock in open mandis in Odisha Kalahandi.
Ram Gopal Yadav (8 years ago)

With Met office forecasting rain from first week of June, farmers of Kalahandi district apprehend heavy loss of their paddy crop which is lying in the open at various mandis. 50 per cent of paddy crop have been harvested and brought to mandis or procurement centres. Of the total 89 mandis opened so far, 45 do not have permanent shed or store house. As a result, the hundreds of bags of paddy have been dumped in the open. Kalahandi administration has set a target to procure 16 lakh quintals of rabi paddy and toll date, 9,204 quintals have been procured from 125 farmers through 27 mandis of PACS.

Paddy acreage at 175,790 hectare, largely unchanged Year on Year.
Ram Gopal Yadav (8 years ago)

The acreage is almost unchanged from that in the year-ago period–175,700 hectare. It is, however, lower than the normal area of 207,000 hectare for this period, based on the average of the last five years. In Odisha, one of India major rice producing states, paddy was sown over 300 hectare, up 200% from a year ago. In Assam, another major producer, the acreage was down 9.2% on year at 59,000 hectare. Sowing is yet to begin in Uttar Pradesh, West Bengal and Punjab.

Maize NCDEX down and fell in spot market.
Ram Gopal Yadav (8 years ago)

Maize prices also fell in spot markets of Bihar as arrivals have increased but demand is weak due to low quality of crop. Cattle feed quality of the grain was selling down 15-20 rupees from previous close. Higher sowing dragged rabi maize futures down on the NCDEX and the most active June contract ended down 1.1% from previous close.

Kharif maize area at 26,000 hectare so far, up 225% on year.
Ram Gopal Yadav (8 years ago)

Maize was sown over 25,000 hectare in Karnataka, more than thrice the 7,000 hectare sown in the year-ago period. Karnataka is one of the largest kharif maize producing states in the country. Farmers in Tamil Nadu planted maize over 1,000 hectare, unchanged from previous year. Maize sowing is likely to rise further with the onset of the southwest monsoon. According to IMD officials, the monsoon is likely to hit Kerala on Tuesday.

Rajasthan coriander prices rise as local demand up.
Ram Gopal Yadav (8 years ago)

Prices of coriander were up in Rajasthan markets today, following a rise in demand from domestic retailers. At Kota, the Badami variety quoted 5,900 rupees per 100 kg, while the Eagle variety was sold at 6,200-6,400 rupees, both up 100-200 rupees. Coriander arrivals in Rajasthan were unchanged at 7,500 bags (1bag=40kg).

India cotton area 1.12 million hectare, up 27% on year.
Ram Gopal Yadav (8 years ago)

Of the total sown area under the fibre, the area under Bt cotton was 1.05 million hectare, while 74,600 ha was non-Bt. In Punjab, cotton acreage was at 344,000 hectare, up nearly 44% on year, while in Haryana, the area is up 16.6% at 583,000 hectare. In Rajasthan, however, cotton sowing was at 110,000 hectare, down from 116,000 hectare in the year-ago period. Farmers in most of central and southern India start sowing the crop after monsoon rains.

NCDEX cotton oilcake at 17-month low on weak demand.
Ram Gopal Yadav (8 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.