Soybeans fall as South American production weighs.
All-India cotton arrivals up at 40,500 bales.
Arrivals of cotton at major spot markets across the country were at 40,500 bales (1bale=170kg), up marginally from 40,000 bales on previous close.
Mustard seed futures at 2 year low.
Mustard seed futures at 2 year low.
India coffee exports during Jan 1- May 26.
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.
Rapeseed stocks in Ukraine down almost by half year-on-year.
Rapeseed stocks in Ukraine down almost by half year-on-year.
Kharif bajra acreage at 1,000 hectares, unchanged on year.
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.
SEA source says April castor oil export at 1-year high on China demand
SEA source says April castor oil export at 1-year high on China demand
Tur prices down in spot markets on subdued demand.
Tur prices down in spot markets on subdued demand.
India crude oil basket price down $2.10 at $50.63 a bbl.
India crude oil basket price down $2.10 at $50.63 a bbl.
UP becomes largest sugar producer with 8.75 million tonne.
UP becomes largest sugar producer with 8.75 million tonne.
Groundnut acreage at 11,000 ha up 124% on year.
Groundnut acreage at 11,000 ha up 124% on year.
NCDEX coriander may open down on margin levy.
Futures contracts of coriander may open lower on the NCDEX as the exchange will levy a 5% additional margin and 10% special margin on the contracts. The additional margin has been imposed on both buy and sell positions, while the special margin has been levied on sell positions on all running and yet-to-be-launched contracts of coriander. June contract of coriander on NCDEX ended at 5,345 rupees per 100 kg, up 3.7% from the previous close.
Cane acreage 4.65 million ha , up 6.1% on year.
Cane acreage 4.65 million ha , up 6.1% on year.
Mentha oil prices down in Sambhal as arrivals rise.
Mentha oil prices down in Sambhal as arrivals rise.
Wheat falls 50 rupee/100 kg in Indore as govt buys end.
Supplies to the market are high and they have further increased since government procurement stopped, demand, however, is subdued as there is ample stock with stockists. Government has procured nearly 6.7 million tonne wheat from Madhya Pradesh. Wheat prices remained unchanged in other major markets of the country. NCDEX June contract ended down 0.4% from previous close.
Buying at lower levels lifts sugar prices in north India.
Buying at lower levels lifts sugar prices in north India.
Wheat exports from Bulgaria up 21% year-on-year.
Bulgaria exported 3.92 MMT of wheat in MY 2016/17 by May 12, i.e. 20.6% more than for the whole last season. This result was achieved owing to a bumper wheat crop in the country in 2016 (5.65 MMT). Exports in the current marketing year are also expected to hit a record high. 62% of 2016/17 wheat exports went to European Union countries. This percentage equaled 65% in MY 2015/16.
227 crore penalty on sugar mills in UP.
227 crore penalty on sugar mills in UP.
Ukrainian wheat supplies to Egypt hit a high in April.
Ukraine exported 1.2 MMT of wheat in April 2017 that is down 8% year-on-year (1.3 MMT in April 2016). When compared season on season, Ukrainian wheat exports are currently up 11% against July-April 2015/16 (15.8 MMT and 14.2 MMT, respectively). Following the closure of Indian demand, Egypt was the top destination for Ukrainian wheat exports for a second month in a row. Ukraine supplied 553 KMT of wheat to Egypt market in April, i.e. 46% of total exports that month and the largest volume since October 2013. Ukrainian wheat exports to Turkey expanded in the last two months. Turkey purchased 113 KMT of wheat from Ukraine in March-April. In total, Turkey imported 140 KMT of Ukrainian wheat in MY 2016/17 that is already 25% more than for the whole last season.
Monsoon too dictate cane area coverage.
Monsoon too dictate cane area coverage.