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.
Philippines to import 250,000 tonnes of rice in June.
The Philippines issue a tender to import 250,000 tonnes of the grain next month, to boost low stockpiles before the lean harvest season and to offset potential crop damage during the typhoon season.
Akola tur prices up as demand seen rising.
Akola tur prices up as demand seen rising.
Bangladesh gets lowest offer of $427.85/T in rice import tender.
Bangladesh received the lowest offer of $427.85 a tonne from Dubai-based Sukhbir Agro Energy Ltd in a tender to import 50,000 tonnes of parboiled rice.
Prices of urad down in Vijaywada.
Prices of urad down in Vijaywada.
Telangana rabi paddy buys at record high 2.6 million tonne so far 2016-17.
Telangana has procured a record high 2.6 million tonne of paddy so far in the 2016-17 rabi season. The state had procured 729,000 tonne of paddy in the 2015-16 rabi season. Production of the cereal was at 4.2 million tonne in rabi season, higher than expectations of 3.7 million tonne. Till now Rs. 3917.46 crores (39.17 billion rupees) worth of 25.95 LMTs (2.6 million tonne) paddy has been purchased from 4,45,373 farmers from 2,979 purchase centers. Another 1.0-1.5 million tonne paddy is expected to be procured by the end of May.
Soybean oil producers set records in the current marketing year of 2016/17 in Russia.
Soybean oil producers set records in the current marketing year of 2016/17 in Russia.
India Paddy sowing in 2017-18 at 152,000 hactare so far, down 1.3%.
Sowing of paddy in 2017-18 has declined 1.3% on year to 152,000 hactare. Paddy sowing has commenced in Tamil Nadu, Assam, and Nagaland. The normal area covered under the paddy for the period under review is around 165,000 haactare.
Soybean futures bounce on excess rain.
Soybean futures bounce on excess rain.
India Sugar down in Maharashtra due to poor demand, outlook bearish.
Prices fall 5 rupees in the key wholesale markets of Mumbai and Kolhapur due to weak buying even as mills lowered their prices to trigger demand. Prices of the sweetener in the key spot markets Delhi and Muzaffarnagar were unchanged amid thin trade.
China keeps investing in soybean production and processing in Russia.
China keeps investing in soybean production and processing in Russia.
ICE raw sugar down as China raises tax on imports.
Futures contracts of raw sugar on the ICE were down as China decided to raise taxes on imports from major producers over the next three years. Benchmark July raw sugar contract on the ICE was down 0.6% at $16.29 cents a pound. China tax on imports beyond the first 1.95 million tonne per year will be raised to 95% from the current 50%, effective immediately. The rate fall to 90% after one year and to 85% after two years. The tax on the first 1.95 million tonne will remain at 15%.
Soybean prices a tad up in Indore due to low supply.
Soybean prices a tad up in Indore due to low supply.
USDA sees 2017-18 world sugar stocks down at 38 million tonne.
The USDA has forecast world sugar inventories in 2017-18 to fall 600,000 tonne to a six-year low of 38.3 million tonne. Despite expectations of a record world sugar production in 2017-18, global sugar stocks are seen falling due to lower inventories in China and Mexico. The department has forecast world sugar output in 2017-18 to rise by 8.8 million tonne to a record 179.6 million tonne, amid expectations of recovery in production of the sweetener in India.