The National Cooperative Dairy Federation of India buy 1,050 tonne maize through a reverse electronic auction on Friday.
Govt plans to enhance pulses milling capacity.
Govt plans to enhance pulses milling capacity.
India Maize down in Bihar as supplies recover post rainfall.
After rising in the last few days, maize prices in Bihar benchmark Purnea market fell due to a rise in arrivals after rainfall in parts of the state faded away. Around 3,000 tonne of maize arrived in markets up from 2,000 tonne on previous close. On NCDEX rabi maize contracts traded higher because of high demand for the coarse grain stored in warehouses from poultry and starch feed manufacturers. The June maize contract ended up 0.6% from the previous close.
Delhi chana down on low demand from dal millers.
Delhi chana down on low demand from dal millers.
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.
CBOT soybean up on forecast of wet weather in US.
CBOT soybean up on forecast of wet weather in US.
Brazil crop bureau sees 2017 coffee output down 11% at 45.5 million bags.
Brazil coffee production in 2017 is seen at 45.5 million bags (1bag=60kg), down 11.3%. The South American country’s output of Arabica variety is expected to fall by 18.3% in 2017 to 35.4 million bags due to a negative biennial cycle. Brazil Robusta coffee variety output in 2017, however, is pegged at 10.1 million bags, up 27% due to good climatic conditions and greater use of clonal coffee crop, which gives more yield. The total area under coffee cultivation is also expected to fall by 0.5% to 2.2 million ha because of negative biennial cycle for Arabica coffee and poor rain distribution in the major coffee producing region of Espirito Santo in the last three years.
Groundnut seed down in Gujarat on weak export demand.
Groundnut seed down in Gujarat on weak export demand.