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.
Prices of tur up in Akola on subdued arrivals.
Prices of tur up in Akola on subdued arrivals.
Chhattisgarh eyeing to step up paddy production by 2% this Kharif season.
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.
Canada April pea exports at 0.418 million tonne, up 224% on yr.
Canada April pea exports at 0.418 million tonne, up 224% on yr.
NCDEX coriander hits 3% lower cap on profit booking.
Futures contracts of coriander hit their 3% lower circuit on the NCDEX and declined further due to profit booking, after prices rose to a one-week high of 5,619 rupees per 100 kg on prevoius close. June contract traded at 5,186 rupees per 100 kg, down 3.7% from the previous settlement. Prices of coriander also declined because of 108-tn on-week rise in inventories at exchange warehouses to 32,140 tn. In the benchmark market of Kota, Rajasthan, the Badami variety and Eagle variety both down 100 rupees from previous clsoe. Arrivals at Ramganj and Kota were pegged at 4,200 bags (1bag=40kg) down 1,300 bags from previous clsoe.
Canada exported 3.14 million tonnes of peas till date.
Canada exported 3.14 million tonnes of peas till date.
India kharif cotton area up 33% so far in 2017-18.
The area sown under kharif cotton so far in the country in 2017-18 was up 32.7% on year at 893,000 hectares. The normal area under the fibre in the corresponding period is 553,000 hectares. Cotton area in this kharif season is higher as farmers earned higher returns from the crop in the last year. In 2016-17 (Jul-Jun), the acreage under cotton had fallen 12% to 10.5 million ha on fears of pink bollworm infestation and whitefly attack, which had damaged a large quantity of the crop in 2015. Sowing of the cotton for the kharif season has commenced so far in Haryana with 463,000 ha area planted, Punjab with 280,000 ha, Rajasthan with 70,000 ha, and Karnataka with 50,000 ha.
Canadian lentil exports 0.7 million tonnes.
Canadian lentil exports 0.7 million tonnes.
Brazil 2017-18 coffee output 52 million bags, down 4 million.
Coffee production In Brazil in 2017-18 (Jul-Jun) is estimated at 52.1 million bags (1bag=60kg), 4 million bags lower on year. Production of the Arabica variety in the world largest coffee producer is seen falling 11% on year to 40.5 million bags due to the biennial production cycle. Production of the Robusta variety in 2017-18 is estimated at 11.6 million bags, up 1.1 million bags from 2016-17, owing to expectations of a rebound in production in the coffee growing areas of Espirito Santo, Rondonia, and Bahia after three years of drought. For 2017-18, coffee exports by Brazil are seen unchanged on year at 33.03 million bags. Closing stocks of coffee for 2017-18 are seen at 3.88 million bags, lower than 5.41 million bags in the previous season due to the likely fall in production.
Low demand pulls mustard seed low in Jaipur.
Low demand pulls mustard seed low in Jaipur.
South Africa 2017 maize crop seen almost doubling to record harvest.
South African record 14.73 tonnes this season with robust yields because of good rains. 2017 summer harvest 8.747 million tonnes white maize and 5.980 million tonnes of yellow variety. White maize contract ending in July ticked up 0.21 percent to 1813.80 rand.
Mustard seed futures fall Rs 28, or 0.77% on weak spot sentiment.
Mustard seed futures fall Rs 28, or 0.77% on weak spot sentiment.
India Rice basmati slides on fall in demand.
Prices fell by up to Rs 300 per quintal at the wholesale grains market owing to slackened demand against adequate stocks position. In Delhi rice basmati, common and Pusa- 1121 variety slipped to Rs 7,100-7,200 and Rs 5,900-6,500 from previous levels of Rs 7,400-7,500 and Rs 6,000-6,800 per quintal, respectively.
RSS affiliate writes to PM Modi opposing nod to GM mustard.
RSS affiliate writes to PM Modi opposing nod to GM mustard.
Vietnam to Sell Bangladesh 1 Million Tonnes of Rice Annually.
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.
Edible oil down; mustard slips on weak demand, ample supply.
Edible oil down; mustard slips on weak demand, ample supply.
Source says GST to result in dissolution of Sugar Development Fund.
Source says GST to result in dissolution of Sugar Development Fund.
CBOT soybeans to fall into $9.37-3/4 to $9.41 range in U.S.
CBOT soybeans to fall into $9.37-3/4 to $9.41 range in U.S.
Sugar prices down in major markets on poor demand.
Sugar prices down in major markets on poor demand.
Soybean prices seen sub-MSP in July on high stocks.
Soybean prices seen sub-MSP in July on high stocks.