Haryana Arrival Update.
Ram Gopal Yadav (8 years ago)

Until 01st May over 69 lakh tonne of wheat have arrived in Haryana compared to 64.59 lakh tonne for the same period last year. Traders and government agencies have purchased 5874 tonne and 69.27 lakh tonne of wheat respectively. Of the total quantity procured by government agencies around 17.02 lakh tonnes has been procured by food, civil supplies and consumer affairs department, 24.72 lakh tonne by HAFED, 8.23 lakh tonne by FCI, 6.36 lakh tonne by Haryana Agro Industries corporation and 12.91 lakh tonne by Haryana warehousing corporation. Sirsa is the leading district with 9.69 lakh metric tonne of arrival

Fall in Russian Milling Wheat Prices.
Ram Gopal Yadav (8 years ago)

Export prices for Russian milling wheat decreased by $1 per tonne on weekly basis. Russian wheat with a protein content of 12.5% and 11.5% for April- May delivery settled at $186-188/tonne FoB and $181-183/tonne FoB respectively. Milling wheat prices kept on falling in Russia due to strengthening of Rouble and sufficient market supply. Furthermore, millers have enough stocks to keep prices down.

Tunisia Buys Wheat Through Tender.
Ram Gopal Yadav (8 years ago)

Tunisia has bought around 75000 tonne of soft milling wheat in three consignments of 25000 tonne each. The first consignment was bought at $173.85/T C&F, second at $186.73/T C&F and third at $189.58/T C&F. The sellers were Europemarkets, Bunge and Nidera.

Jul CBOT wheat hits 2-mo high on crop damage in US.
Ram Gopal Yadav (8 years ago)

All contracts of wheat on the CBOT were trading nearly 1% higher with the most active July contract hitting a two-month high due to crop damage in the US. The July wheat contract was at $4.6075 a bushel, up 1.1% from the previous close. Snowfall in parts of Kansas and Oklahoma over the weekend damaged the wheat crop. Heavy rains and elevated temperatures also delayed wheat sowing in some parts of the country.

Maize prices down in Purnea as arrivals rise.
Ram Gopal Yadav (8 years ago)

Prices of maize fell in the key wholesale market of Purnea in Bihar as arrivals picked up. In the Gulab Bagh market of Purnea, the coarse grain was sold down 10-15 rupees from Previous close. Arrivals at the mandi were estimated at 3,000 tonne, up from 2,600 tn. Higher arrivals of maize owing to a record production of maize this year is keeping the sentiments bearish for the rabi crop. Farm ministry has pegged India maize output at 26.15 million tonne in 2016-17 (Jul-Jun), up from 22.57 million tonne a year ago.

NCDEX Jun maize down on profit booking, spot cues.
Ram Gopal Yadav (8 years ago)

The June contract of maize on the NCDEX fell as investors booked profits after prices rose. the June contract was trading down 1.7% from the previous close. Prices had risen due to firm demand in spot markets amid lower supplies. Maize prices also tracked losses in wholesale markets. In Bihar key Purnea market, the coarse grain was sold down 10-15 rupees from the previous day, Maize prices in Telangana benchmark market of Nizamabad, however, rose amid a decline in supplies and firm demand from the poultry feed sector. Arrivals of the coarse grain more than halved in Nizamabad today to 600 bags (1bag=100kg).

Coriander prices rise in Kota as arrivals halve.
Ram Gopal Yadav (8 years ago)

The prices of coriander rose in Kota, the benchmark market in Rajasthan, as arrivals halved to 2,000 bags (1bag=40kg). Prices of coriander also increased on expectations of lower output in 2016-17 (Oct-Sep). Traders have pegged India coriander output this year at 9 million bags, compared with 10 million bags a year ago. In Kota, the Badami variety of coriander and the Eagle variety both sold up 100 rupees from previous close.

NCDEX coriander hits 3% lower cap on subdued demand.
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander hit their 3% lower circuit on the NCDEX today because of subdued demand from domestic consumers. The fall was also triggered by a 159-tn rise in inventories at exchange accredited warehouses to 25,984 tn. On the NCDEX, the most active May contract was down 2.3% from the previous close.

NCDEX kapas, cotton oilcake down on stockists selling.
Ram Gopal Yadav (8 years ago)

The April contract of kapas fell on the NCDEX because of panic selling by stockists in anticipation of higher acreage under the crop this season. The most-active April contract of kapas on the NCDEX was down 0.8% from previous close. On the MCX, the May contract of cotton was at 20,660 rupees per bale (1bale=170kg), down 0.3%. The May contract of cottonseed oilcake, a derivative of kapas, was down 0.9% on the NCDEX. Acreage under cotton is estimated to increase this year in Gujarat and Maharashtra due to lucrative prices. In Gujarat, the largest cotton producing state, the acreage under cotton is estimated to increase by at least 5% if the initial response to seed purchase is any indication.