Brazil Jan-Mar container sugar exports up 14% on year.
Ram Gopal Yadav (8 years ago)

In terms of containers, sugar export from Brazil rose 14% on year to 591,121 tonne in Jan-Mar. Brazil is the largest producer and exporter of the commodity. The main destination of exports was Myanmar at 125,560 tonne, followed by South Africa at 55,331 tonne. Most exports of sugar in containers is crystal sugar, also known as whites. Brazil exports mainly raw sugar in bulk vessels. The most active July sugar on the ICE was up 1.2% from the previous close.

MCX cotton down on high output view.
Ram Gopal Yadav (8 years ago)

Futures contracts of cotton on the MCX traded lower in anticipation of higher output in 2017-18 (Oct-Sep). India 2017-18 cotton acreage is seen rising as better returns for the cash crop in the current season could encourage farmers to cultivate the fibre crop in more area. Subdued demand because of inferior quality arrivals in the domestic market and weakness in cotton futures on the ICE further contributed to the fall. On the MCX, the May contract traded per bale (1bale=170kg), down 0.10% from the previous close, while on the ICE. Most active July contract traded at 77.38 cents per pound, down 0.06%. Cotton prices also declined ahead of the USDA monthly demand-supply report.

NCDEX coriander down on profit booking, high stocks.
Ram Gopal Yadav (8 years ago)

The May and June contracts of coriander on the NCDEX fell because traders booked profits after the May contract hit a one-week high. The fall was also triggered by a 477-tonne rise in inventories at exchange-accredited warehouses at 30,296 tonne on Tuesday. The front-month May contract on the exchange traded down 0.5% from the previous close. The June contract was down 0.6%.

Coriander prices up in Rajasthan as output seen low.
Ram Gopal Yadav (8 years ago)

Prices of coriander rose in the spot markets of Rajasthan due to expectations of low output this year. India coriander output in 2016-17 (Oct-Sep) is seen at around 9 million bags (1bag=40kg), compared with 10 million bags last year. In the benchmark market of Kota, the Badami variety and the Eagle variety both up 100 rupees from previous close. Arrivals in Kota and Ramganj were pegged at 4,800 bags (1bag=40kg) up 1,300 bags.

India Wheat flat as govt ups output estimate.
Ram Gopal Yadav (8 years ago)

Wheat futures on the National Commodity and Derivatives Exchange ended largely unchanged as higher supplies in physical markets were offset by demand from flour millers ahead of Ramzan. The most-active June contract on the NCDEX ended up 0.06% from the previous close. The overall sentiment was bearish as the government raised this year wheat production estimate to a record prominent level. In benchmark Indore market, mill quality wheat traded steady. In the Delhi market wheat prices were a tad up 5 rupees from previous close.

Wheat up on flour mills buying.
Ram Gopal Yadav (8 years ago)

New Delhi Barring rise in wheat prices, other commodities moved in a tight range in the absence of worthwhile activities, settling at their previous levels. Arrivals and offtake too remained at a low ebb and volume of business restricted. Wheat dara also showed some strength on increased offtake by flour mills. Rise in wheat dara prices was mostly supported by increased offtake by rolling flour mills to meet increased demand. In the national capital, wheat dara (for mills) on the back of increased offtake by flour mills wheat dara prices rose by another Rs 20 per quintal.

Ukrainian grain market was sluggish last week.
Ram Gopal Yadav (8 years ago)

Last week, the Ukrainian grain market was sluggish. Domestic prices for all major cereals kept falling. CPT market was also quiet amid the decreased demand from importers for old-crop grain. A significant reduction of wheat exports from Ukraine is expected in May-June. Domestic grain CPT-port prices dropped on average by UAH 50-100/MT. New crop as well as strengthening of the national currency still pressured the domestic prices.

Maize down as govt ups output estimate.
Ram Gopal Yadav (8 years ago)

Most components of the grain basket on domestic exchanges, except maize, were steady in trade. According to the government third advance estimate, India rabi maize output in 2016-17 is expected to be 6.97 million tonne, slightly higher than 6.89 million tonne estimated earlier. The country had produced 6.51 million tonne rabi maize in 2015-16. The June maize contract on the NCDEX traded down around 1% from previous close. Higher arrivals of maize due to peak season in Bihar, a major producing state, also weighed on the sentiment. The coarse grain sold in Purnea largely unchanged from previous close.

Dairy body to buy 300 tonne de-oiled rice bran Thursdqay.
Ram Gopal Yadav (8 years ago)

The National Cooperative Dairy Federation of India will buy 300 tonne of de-oiled rice bran and 50 tonne of maize through a reverse electronic auction on Thursday. The commodities, used as cattle feed, will be bought on behalf of Indian Immunologicals Limited. The federation, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.

Govt ups India 2016-17 wheat output view to 97.44 million tonne vs 96.64 million.
Ram Gopal Yadav (8 years ago)

India wheat production in the current crop year to June is expected to rise to a record high of 97.44 million tonne, against 96.64 million tonne estimated earlier, backed by good monsoon rains and higher acreage, as per the third advance estimate released by the agriculture ministry. Bumper harvest of wheat may push the country total food grain production to record 273.38 million tonne in 2016-17, higher by 8.7% than last year 251.57 million tonne, and surpassing the previous record of 265.04 million tonne hit in 2013-14 by a wide margin.