The exports of basmati rice from the country during the month of March 2017 increased by 154.28 percent as compared the exports of the corresponding month of last year. During month of March, about 45,745 metric tons of basmati rice worth $43.976m were exported as compared the exports of 17,412 metric tons valuing of $17.294m of same month last year.
Chana down in Delhi on low buying by dal millers.
Chana down in Delhi on low buying by dal millers.
Hardy teff rice to take root in India this kharif.
After chia and quinoa, teff is the new superfood that is set to make an entry into the Indian farm sector. Teff, a drought-resistant rice, is a staple food crop of Ethiopia, and the grain dates to the Abyssinian civilisation. We had brought the seeds from the US Department of Agriculture four years ago and carried out trials in various locations, including areas around Mysuru, parts of Tamil Nadu and in Bagalkot, North Karnataka. Two of the 19 varieties are suitable for Indian conditions. The upcoming kharif season teff being planted in Karnataka. Grain has a potential to yield 200-250 kg per acre. Teff, a hardy crop, can be grown in both kharif and rabi seasons. It is suitable for districts with dry zones in Karnataka. The international wholesale prices of teff are around ₹650-700 a kg.
Tur prices tad up in Akola, unchanged in Gulbarga.
Tur prices tad up in Akola, unchanged in Gulbarga.
NAFED procures 1.1 million tonne tur for buffer stock.
NAFED procures 1.1 million tonne tur for buffer stock.
Urad weak in Gulbarga on low demand; unchanged in Delhi.
Urad weak in Gulbarga on low demand; unchanged in Delhi.
India wheat output exceed the government official estimate at 98-99 million tonne.
India wheat output exceed the government official estimate of 96.6 million tonne and rise to 98-99 million tonne in the ongoing season that ends June. In 2015-16 (Jul-Jun), the country had produced 92.3 million tonne of wheat.
NCDEX soybean down on profit booking post 2-month high.
NCDEX soybean down on profit booking post 2-month high.
Wheat unchanged in Delhi, Indore.
Prices of wheat were unchanged in wholesale markets of Indore. Arrival of the grain in Indore was at 10,000 bags (1bag=100kg), also unchanged from previous close. The government procured 3.6 million tonne wheat in Madhya Pradesh, up nearly 15% on year. In Delhi, wholesale market, prices remained unchanged in a thin trade because of steady demand and arrivals. Nearly 40,000 tonne wheat has been arriving daily in the Delhi market. At Kota in Rajasthan, prices of the grain fell. The mill quality wheat was sold down 20 rupees from previous close. On an average, 30,000-40,000 bags of wheat arrive in Kota daily. The most active May contract of wheat on the NCDEX ended down 0.2% from the previous close.
Mustard seed prices down in Jaipur on lower demand.
Mustard seed prices down in Jaipur on lower demand.
Ukraine boosts grain exports by 52 % in March.
Ukraine boosted its grain exports to 4.54 million tonnes in March up 52 percent from 2.98 million tonnes in February. Exports of wheat rose to 1.05 million tonnes from 840,000 tonnes a month earlier. A stronger harvest would likely raise the 2017/18 grain export forecast to 39.5 million tonnes from 38.8 million tonnes. Ukraine’s agriculture ministry forecasts grain exports for the period at a record 42 million tonnes.
India 2017-18 food grain output target 273 million tonne.
The government aims food grain output of 273 million tonne in 2017-18, up from a record high of 271.98 million tonne estimated for this year.
Source says Maharashtra 2017-18 cane area seen rising 29%.
Source says Maharashtra 2017-18 cane area seen rising 29%.
Indian maize up in Nizamabad.
Maize prices rose in Telangana Nizamabad market, the benchmark market for the coarse grain, because of a firm demand and low supply. In Telangana, the coarse grain was sold up 10 rupees from previous close. Around 2,000 bags (1bag=100kg) of maize arrived in Nizamabad down from 2,100 bags on previous close. On the National Commodity Derivatives Exchange, the June contract of maize fell as investors booked profits after prices hit a near four-month high on previous close. On NCDEX, the contract ended down 1.3% from the previous close.
Sugar prices up in north India as demand rises, down in Maharashtra.
Sugar prices up in north India as demand rises, down in Maharashtra.
NCDEX coriander hits 6-week low on muted demand.
Futures contracts of coriander extended previous close losses and hit a six-week low on the NCDEX because of muted demand from domestic consumers. The fall in prices was also triggered by a 765-tn rise in inventories at exchange-designated warehouses to 22,167 tonne on previous close. The most-active May contract on the NCDEX was down 4 rupees from the previous close. In Kota, market in Rajasthan, the Badami variety and the Eagle variety of coriander both down 100 rupees from previous close. Arrivals in Kota were pegged at 3,000 bags (1bag=40kg) down 2,000-3,000 bags from the previous day.
Govt gets applications to import 6 times the allowed raw sugar quota.
Govt gets applications to import 6 times the allowed raw sugar quota.
All-India cotton arrivals down.
Cotton arrivals at major spot markets across the country were pegged at 73,300 bales (1 bale = 170 kg) on Monday, marginally down from 73,800 bales on previous close.
Falling demand to curb Indian sugar imports.
Falling demand to curb Indian sugar imports.
MCX cotton futures down on spot cues, likely higher output.
Futures contracts of cotton on MCX fell for the third consecutive trading session, tracking weakness in spot prices. The most-active May contract of cotton was at 20,940 rupees per bale (1bale=170kg), down 0.7% from previous close. Subdued demand for cotton across spot markets kept prices under pressure. Cotton output in Punjab, among the largest producers in the country, is likely to rise a whopping 220% on year to 1.26 million bales in 2016-17 (Jul-Jun), while in Haryana, output is seen up 106% on year at 2.04 million bales, according to third advance estimates of the state farm departments. For the rest of the day, cotton futures are likely to trade down due to selling pressure amid thin volumes.