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.
Source says Maharashtra 2017-18 cane area seen rising 29%.
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.
MCX cotton down as arrivals rise, output seen higher.
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.
Tur down in spot markets as states stop procurement.
Tur down in spot markets as states stop procurement.
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.