Source says Maharashtra 2017-18 cane area seen rising 29%.
Sugar prices up in north India as demand rises, down in Maharashtra.
Sugar prices up in north India as demand rises, down in Maharashtra.
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 up at 73,800 bales.
Arrivals of cotton in major spot markets across the country were pegged at 73,800 bales (1 bale=170 kg), up from 69,200 bales on previous close.
India coffee exports during Jan 1- Apr 21.
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 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
UP govt warns of action on sugar mills on cane arrears.
UP govt warns of action on sugar mills on cane arrears.
Sugar prices steady in Maharashtra in thin trade.
Sugar prices steady in Maharashtra in thin trade.
Prices of sugar up in Delhi, Muzaffarnagar on improved demand.
Prices of sugar up in Delhi, Muzaffarnagar on improved demand.
China March sugar imports up 44% year on year.
China March sugar imports up 44% year on year.
ICE sugar futures rise on lower cane area in Brazil.
ICE sugar futures rise on lower cane area in Brazil.
Quality concern drags barley to 3-week low in Jaipur
Quality concern drags barley to 3-week low in Jaipur
Soybean prices fall in Indore due to low demand.
Soybean prices fall in Indore due to low demand.
Russian wheat export prices down on low sales activity.
Russian wheat export prices fell due to low activity in the market ahead of the new crop arrival this summer and because of a continuing trade dispute with Turkey. Russia exported 29.8 million tonnes of grain, including 23.0 million tonnes of wheat down 0.5 percent year-on-year. Russia wheat crop is expected to fall this year, but the country stockpile remains high after a record crop in 2016, and the number of sale offers from farmers is rising. Russia grain stocks at farms and procurement and processing companies, excluding small farms, were up 19 percent from a year earlier at 28.3 million tonnes. Domestic prices for third-class wheat fell 100 roubles compared with the week earlier to 9,500 roubles ($170) a tonne in the European part of Russia on an ex-works basis. Farmers had sown spring grains on 11 percent of the planned area, or on 3.4 million hectares, compared with 4.2 million hectares a year ago.
Jaipur mustard at 1-month low on likely higher output.
Jaipur mustard at 1-month low on likely higher output.
Offtake of imported wheat picks up in south India.
The offtake of imported wheat from ports in south India has picked up due to good demand from millers and Stuckists in the region. Traders in south India imported wheat is cheaper than that ordered from northern part of the country. South Indian buyers do not expect prices to fall and are resorting to the imported grain. At present, there is nearly 1.3 million tonne wheat stocked at ports and it is likely to be sold in the next two-to-three months. In south India, imported wheat is available at low cost as compare to domestic wheat costs.
About 3,380 tonne mustard oilcake trades on NCDEX.
About 3,380 tonne mustard oilcake trades on NCDEX.
Indian Wheat prices rise in spot markets on low supply.
Prices of wheat rose in the benchmark market of Indore, Madhya Pradesh, as arrivals fell due to government procurement in the state. In Indore, arrivals had peaked around 20,000 bags (1bag=100kg). Arrivals fell sharply to 5,000 bags. The grain was sold up 20-30 rupees from previous close. The government has procured 3.6 million tonne of wheat in Madhya Pradesh since the beginning of April, up nearly 15% on year. The most active May contract of wheat on the NCDEX ended down 0.9% from the previous close.
NCDEX castor seed down nearly 2% as inventories rise.
NCDEX castor seed down nearly 2% as inventories rise.
Indian maize prices rise in spot markets on low supply.
The most active June contract of rabi maize on the NCDEX also ended down due to easing weather conditions in Bihar, the largest producer for the current season. The June maize contract on the NCDEX ended down 1.6% from the previous close. Rains in parts of Bihar had disrupted maize supplies to markets and triggered concerns of damage to the crop. Only 300 tonnne of maize arrived in Purnea market down from nearly 2,000 tonne on previous close. Lower supplies also lifted spot prices of the coarse grain and it was sold up 10-15 rupees from previous close.
Delhi chana down as arrivals surge amid weak demand.
Delhi chana down as arrivals surge amid weak demand.