Vietnam to Sell Bangladesh 1 Million Tonnes of Rice Annually.
Ram Gopal Yadav (9 years ago)

Vietnam to Sell Bangladesh 1 Million Tonnes of Rice Annually. Between 2017-2022 as part of a memorandum of understanding signed by the two countries on Tuesday (23/05). 250,000 to 300,000 tonnes of Vietnam 5-percent white rice immediately and plans to increase rice imports from Vietnam to 500,000 tonnes by end-2017.

Dairy body to buy 46 tonne maize via e-auction.
Ram Gopal Yadav (9 years ago)

The National Cooperative Dairy Federation of India buy 46 tonne maize through a reverse electronic auction on Thursday. The commodity, which is used as cattle feed, will be bought on behalf of Sabarmati Ashram Gaushala. The National Cooperative Dairy Federation of India, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.

India procures 29 million tonne of wheat so far in FY18, up 27% on year.
Ram Gopal Yadav (9 years ago)

The government has procured 29 million tonne of wheat so far in the 2017-18 marketing year that started April, up 27% from a year ago. With wheat supplies coming to an end in most states, the government is likely to miss its procurement target of 33.0 million tonne and may end up buying around 29.5 million tonne. Procurement has already ended in Haryana 7.4 million tonne. In Madhya Pradesh 6.5 million tonne has been bought. In Uttar Pradesh 2.3 million tonne of the grain has been purchased.

CBOT Trends-WHEAT – Down 1/2 to 1 cent per bushel.
Ram Gopal Yadav (9 years ago)

Market underpinned by excessive rains in the southern Plains and Midwest that threaten winter wheat yields and production. U.S. spring wheat crop was 90 percent planted. CBOT July soft red winter wheat was last down 1/2 cent at $4.33-3/4 per bushel, K.C. July hard red winter wheat last down 3 cents at $4.33 and MGEX July spring wheat last down 2-1/2 cents at $5.56-3/4.

CBOT CORN – Down 1 to 2 cents bushel.
Ram Gopal Yadav (9 years ago)

Light profit-taking setback after a two-session climb tied to worries about re-planting due to excessive rains in portions of the Midwest. Most-active July corn retreated below its 100-day moving average in early moves. CBOT July corn was last down 1-1/4 cents at $3.73-3/4 a bushel.

Chhattisgarh eyeing to step up paddy production by 2% this Kharif season.
Ram Gopal Yadav (9 years ago)

Chhattisgarh, one of the largest contributors of rice in India, has set a target to produce 8.2 million tonnes (mt) of paddy in the upcoming kharif season this year 2% higher than year ago. Chhattisgarh, known as the rice bowl of the country, had produced 8.04 million tonne of rice and was among the top three rice-contributing states last year. Inspite of the increased target, paddy acreage in the state has come down by 3 per cent in the upcoming Kharif season in 2017. Paddy would be sown in 3.65 million hectares of land, down from 3.37 million hectares in the year-ago period.