Odisha to procure 60 lakh metric tonne of paddy this year.
Ram Gopal Yadav (9 years ago)

Optimistic to set a record procurement of about 60 lakh metric tonne of paddy this year, Odisha government today said the rabi exercise would start from May 1. Optimistic to set a record procurement of about 60 lakh metric tonne of paddy this year, Odisha government today said the rabi exercise would start from May 1. It is targeted to procure total 60 lakh MT paddy in both kharif and rabi, this year.

Basmati rice exports up by 154.28 % in March in Pakistan.
Ram Gopal Yadav (9 years ago)

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.

Hardy teff rice to take root in India this kharif.
Ram Gopal Yadav (9 years ago)

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.

NCDEX coriander hits 1-week low on lower demand.
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander on the NCDEX extended losses and hit a one-week low because of weak demand from domestic consumers. The fall in prices was also triggered by a 231-tonne rise in inventories at exchange-designated warehouses at 21,402 tonne on previous close. The most active May contract on the NCDEX was down 0.55% from the previous close. In Baran, wholesale market in Rajasthan, the Badami variety of coriander and the Eagle both sold unchanged from previous close. Arrivals were also unchanged at 6,000 bags (1bag=40 kg).

NCDEX cotton oilcake down 2% on selling pressure.
Ram Gopal Yadav (9 years ago)

Futures contracts of cottonseed oilcake on the NCDEX declined over 2% due to selling pressure as cotton output is likely to increase in 2017-18 (Oct-Sep). India Meteorological Department has projected normal southwest monsoon rainfall in 2017. Good rains boost cotton production. On the NCDEX, the most active May contract of cottonseed oilcake traded down 1.9% from the previous close. In Akola, the benchmark market for cottonseed oilcake in Maharashtra, the commodity was sold down 25 rupees from previous close. In Kadi, Gujarat, the prices were unchanged. Sufficient supply and sluggish demand due to availability of cheaper alternatives for cattle feed also weighed on cotton prices.

MCX cotton down as arrivals rise, output seen higher.
Ram Gopal Yadav (9 years ago)

Futures contracts of cotton on the MCX fell for the second consecutive session because of rise in arrivals in physical markets and expectation of higher output in 2017-18 (Oct-Sep). The most-active May contract of cotton was (1bale=170 kg), down 0.8% from the previous close. The arrivals of cotton in major spot markets across the country were pegged at 73,800 bales on previous close, higher than 69,200 bales on Thursday. cotton output in India, the largest producer, is estimated to rise 2% to 5.9 million tonne in 2017-18. IMD has forecast the southwest monsoon this year (Jun-Sep) to be normal at 96% of the long-period average, adding to the hopes of higher production of cotton and thus weighing on the sentiments.

India coffee exports during Jan 1- Apr 21.
Ram Gopal Yadav (9 years ago)

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.

Russian wheat export prices down on low sales activity.
Ram Gopal Yadav (9 years ago)

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.