In Delhi, sugar was traded down 20 rupees per 100 kg, as demand waned at higher prices. Prices also fell in the wholesale markets of Kolhapur, as mills scaled down prices to trigger demand. In Muzaffarnagar, another important wholesale market, prices were largely unchanged because trade was subdued. Prices were also unchanged in Mumbai because of subdued demand. Also, as price cuts by mills had failed to trigger demand, these entities weren’t lowering prices further. Demand for the commodity in Mumbai has declined as states that usually buy sugar from Maharashtra have shifted to Uttar Pradesh because of higher production in the northern state. NCDEX May contract was down 0.4%.
Russian barley exports down 43% on year.
Russian barley exports down 43% on year.
NCDEX barley futures down as warehouse stocks rise.
NCDEX barley futures down as warehouse stocks rise.
Barley prices slightly up in Jaipur on bargain buys.
Barley prices slightly up in Jaipur on bargain buys.
Global stocks of barley may slip to 34-year low.
Global stocks of barley may slip to 34-year low.
Govt to allocate 60,975 free minikits of pulses seed for 2017-18.
Govt to allocate 60,975 free minikits of pulses seed for 2017-18.
Soybean sowing begins in Sangli; shift to pulses may hit acreage.
Soybean sowing begins in Sangli; shift to pulses may hit acreage.
Indian coffee exports, in tonne.
The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
Chana up in Delhi on hopes stock cap will be lifted.
Chana up in Delhi on hopes stock cap will be lifted.
Burkina Faso 2017-18 cotton output seen up 17%.
Cotton production in Burkina Faso, a West African country, is likely to rise 17% on year to 800,000 tonne in 2017-18, as the country started using conventional seeds again. The higher instances of pink bollworm pest attacks in some regions in India despite the use of the BT cotton seed variety has raised questions over the use of the genetically modified seed. BT cotton seed is used widely in India to guard against pink bollworm pest attacks.
Sugar prices unchanged in major markets in thin trade.
Prices of sugar were unchanged in the key wholesale markets of Mumbai and Muzaffarnagar in thin trade. In Muzaffarnagar and Mumbai, sugar was unchanged from previous close. There was no bulk demand for sugar in the market, only day-to-day demand is keeping prices steady. On the NCDEX, the most active July contract of sugar traded up 0.5% from the previous close.
Paddy Procurement robust in chhattisgarh and odisha.
Union Ministry of Consumer Affairs, Food and Public Distribution has stated that paddy procurement is already robust in Chhattisgarh and Odisha. The procurement target from the eastern States by the end of Kharif Marketing Season (KMS) 2017-18 is 155.93 Lakh MT. Presently, the figure stands at 53.65 Lakh MT for KMS. In consultation with the States it was decided to procure 330.00 lakh MT of wheat during Rabi Marketing Season 2017-18, which is considerably more in comparison with the last season actual procurement of 229.61 lakh MT. The State government decided to purchase 65 lakh metric tonnes of paddy during the Kharif Marketing Season for year 2016-17. Chhattisgarh stood second in the country in Kharif season 2015-16 among a list of 18 states with targetted procurement of 36 lakh metric tonnes of paddy crop during 2015-16 as per information made available by the Central Government in that year where Punjab ranked first with paddy procurement target of 82 lakh metric tonnes.
Barley prices at 2-week low in Jaipur as supply rises.
Barley prices at 2-week low in Jaipur as supply rises.
NCDEX barley at 14-month low on higher stock, spot cues.
NCDEX barley at 14-month low on higher stock, spot cues.
Chana down in Delhi on high supplies, low demand.
Chana down in Delhi on high supplies, low demand.
Akola tur down on weak demand from dal millers.
Akola tur down on weak demand from dal millers.
Govt procures 28 million tonne wheat so far in FY18, up 24% on year.
The government has procured 28.0 million tonne of wheat so far in the 2017-18 (Apr-Mar) marketing year, up nearly 24% on year. In Madhya Pradesh, where 6.2 million tonne wheat has been purchased so far, the total procurement is likely at 7.0 million tonne against the target of 8.5 million tonne. In Uttar Pradesh, where the state government had set an ambitious target of 8.0 million tonne against the centre estimate of 3.0 million tonne, only 1.8 million tonne has been purchased so far. The government crossed its procurement target in Punjab where 11.6 million tonne has been bought so far, up 9.8% from a year ago. In Haryana, another major wheat producing state, 7.4 million tonne has been bought so far, up 10.1% on year and close to the target of 7.5 million tonne.
NCDEX marks 2,870 tonne soybean for staggered delivery.
NCDEX marks 2,870 tonne soybean for staggered delivery.
India wheat flat in spot markets.
Prices of wheat in the key wholesale markets were largely unchanged amid thin trade. Arrivals in Indore were pegged at 15,000 tonne (1bag=100kg), up from 14,000 bags. Arrivals are increasing as procurement by the government is nearing an end. The most-active June wheat contract on the National Commodity and Derivatives Exchange ended up 0.1% from the previous close.
NCDEX soybean down over 1% on weak spot prices.
NCDEX soybean down over 1% on weak spot prices.