Madhya Pradesh may miss FY18 wheat procurement target by 1.5 million tonne.
Ram Gopal Yadav (7 years ago)

Madhya Pradesh is likely to miss the 8.5-million-tonne wheat procurement target for 2017-18 (Apr-Mar) by 1.5 million tonne, due to lower turnout of farmers at procurement centres following delay in payments. Target of 8.5 million tonne now seems difficult. Madhya Pradesh is the second-largest wheat growing state in the country with output this year seen at a record 23 million tonne. since the procurement began in the state late March, around 6 million tonne of wheat has been procured, while another 1 million tonne is expected to flow into government reserves till early June. Delay in payment from cooperative banks due to cash crunch has irked farmers, pushing them to sell the grain in spot markets for instant payments.

Grain exports from Ukraine exceeded 37 MMT.
Ram Gopal Yadav (7 years ago)

Ukraine exported 37.2 MMT of grains in 2016/17 by May 3, or 9% more than shipped abroad at the same time a year ago (34.2 MMT). This volume included 15.8 MMT of wheat (+11% year-on-year), 16.1 MMT of corn (+4%) and 5.1 MMT of barley (+22%). In the same period, exporters also shipped abroad 303 KMT of flour, including 301.7 KMT of wheat flour and 1.2 KMT of flour from other cereals.

Dairy body buys 600 tonne rice polish via e-auction.
Ram Gopal Yadav (7 years ago)

The National Cooperative Dairy Federation of India bought 600 tonne rice polish through an online auction on Thursday. The commodity, used as cattle feed, was bought on behalf of the Kerala Co-operative Milk Marketing Federation. Rice polish is the outer layer of a kernel of rice which is removed during polishing. 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.

Purnea maize price unchanged; arrivals up, demand strong.
Ram Gopal Yadav (7 years ago)

Prices of maize were steady in the key wholesale market of Purnea, in Bihar, as strong demand from stockists kept prices from falling even though arrivals nearly doubled. Arrivals of maize at the market nearly doubled to 8,000 bags (1bag=100kg) from Thursday. On Thursday, rainfall in the region kept arrivals in the market subdued. Arrivals increased, but demand for maize from stockists and other states was good, and this kept price steady. On the NCDEX, the most-active June contract of maize traded up 0.6% from the previous close.

NCDEX maize futures end up; spot price unchanged.
Ram Gopal Yadav (7 years ago)

Futures contracts of maize also ended higher on the NCDEX due to concerns over crop damage following rains in Bihar. The June maize contract ended up 0.6% from the previous close. Prices of the coarse grain remained unchanged in the spot markets and good-quality maize containing 14% moisture was sold at 1,200 rupees per 100 kg in Bihar Purnea market, at 1,400 rupees in Maharashtra Jalgaon, and at 1,560 rupees per 100 kg in Telangana Nizamabad market.

Ukraine Corn planting lag reduced to 2%.
Ram Gopal Yadav (7 years ago)

Planting of spring cereals and pulses was completed on an area of 6223 thousand hactare (86% of the plan). This is 3.7% less than planted at the same time last year (6465 thousand hactare). Spring barley was sown on 1557 thousand haactare (95%) against 1811 thousand hactare in 2016. Spring wheat on 169 thousand hactare (95%) against 164 thousand hactare in 2016, oats on 197 thousand hactare (95%) against 212 thousand hactare a year ago. Peas were seeded on 379 thousand hactare (115%) that is up 67.7% year-on-year (226 thousand hactare as of May 11, 2016). Corn planting in Ukraine is 84% complete. The lag in its progress reduced to 2%. The crop was sown on 3782 thousand hactare as of the reporting date against 3861 thousand hactare at the same time last year.

NCDEX coriander down as 2,260 tonne marked for delivery.
Ram Gopal Yadav (7 years ago)

Futures contracts of coriander were trading lower as the bourse, on Thursday, marked 2,260 tonne of the spice for staggered delivery in the May contract. Sentiment for the spice was dampened as high delivery marked by the exchange would result in rise in supply in the physical market. The front-month May contract had hit 3% lower circuit earlier. The most-active June contract traded down 0.94% from previous close. Staggered delivery for the contract, which expire on May 19, started Thursday.

Coriander prices fall in Rajasthan as arrivals rise.
Ram Gopal Yadav (7 years ago)

Prices of coriander in the spot markets of Rajasthan fell because of a sharp rise in arrivals. Arrivals in Kota and Ramganj more than doubled to 13,000 bags (1bag=40kg) from 5,000 bags on Thursday. In the benchmark market of Kota, the Badami variety and the Eagle variety both down 100 rupees from the previous day. On the NCDEX, the most active June contract of the spice traded down 0.3% from the previous settlement.