USDA sees Australia 2017-18 wheat exports down 18% year of year.
Ram Gopal Yadav (9 years ago)

Exports of wheat from Australia in 2017-18 (Oct-Sep) are likely to fall by 18.2% on year to 18 million tonne due to transportation problems. Strong exports of pulses and canola due to higher demand for these commodities may lead to a hassle in transportation facilities and is likely to hit wheat exports. The port and logistical problems due to a shortfall in shipping containers may hamper wheat exports. Australia caters to a significant part of India wheat imports. India is also expected to import lesser wheat this year due to a bumper crop at home.

Bangladesh Wheat imports poised to rise.
Ram Gopal Yadav (9 years ago)

Bangladesh wheat imports go up to 57 lakh tonnes in 2016-17 due to record low prices in the international market and comparatively high prices in the local market. The country imported 43.66 lakh tonnes of wheat in fiscal 2015-16. The forecast came after import of the grain rose 45 percent year-on-year to 44.75 lakh tonnes in July-March of fiscal 2016-17. The private sector accounted for 94 percent of the total wheat imports during the period. Bangladesh meets 75 percent of its wheat consumption needs through imports, sourcing lower quality wheat from Russia and Ukraine, and higher quality wheat from Canada, Australia and the US. 40 percent of wheat imported was sourced from Russia and 30 percent from Ukraine during 2016-17. The USDA, however, cut its estimate on wheat production to 12.75 lakh tonnes for fiscal 2016-17 because of a decline in plantation last winter. Wheat production was 13.48 lakh tonnes in fiscal 2015-16, posting marginal gain. The cereal import has been rising fast since fiscal 2012-13 spurred by increased consumption. The country imported 37.84 lakh tonnes of wheat in fiscal 2014-15.

Telangana ups 2016-17 rice crop estimate to 5.56 million tonne.
Ram Gopal Yadav (9 years ago)

Telangana farm department has raised its estimate for rice output to 5.56 million tonne in 2016-17 (Jul-Jun), from 4.57 million tonne projected in the second advance estimate. Output of rice in the previous year was 3.05 million tonne. Telangana is one of India leading producers of rice. According to the third advance estimate, output of maize, another major crop in the state, is expected to rise 65.8% to 2.9 million tonne this year because of higher acreage and yield. Total output of food grains is projected to rise to 9.06 million tonne, compared with 5.15 million tonne a year ago.

NCDEX coriander down as demand weak, inventories up.
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander on the NCDEX were trading lower because of weak demand from domestic consumers. The fall in prices was also triggered by a 1,610-tn rise in inventories at exchange-designated warehouses to 20,196 tonne on previous close. The most active May contract on the NCDEX traded down 0.62% from the previous close. In Kota, the benchmark market in Rajasthan, the Badami variety of coriander and the Eagle variety both unchanged from previous close. Arrivals were pegged at 4,000 bags (1bag=40kg), down 2,000 bags from the previous day.

Haryana sees cotton output up 106% in year to Jun.
Ram Gopal Yadav (9 years ago)

Cotton output in Haryana, among the largest producers of the cash crop, is estimated to surge 106% on year to 2.04 million bales (1bale=170kg) in 2016-17 (Jul-Jun) due to a better yield, according to the third advance estimate shared by an official from the state’s farm department. Cotton output in the state had fallen last year after the crop was attacked by white fly. The yield of cotton is seen rising to 609 kg per ha from 274 kg in 2015-16. Production of wheat in the northern state is seen falling 1.8% on year to 11.14 million tonne due to reduction in area under the crop.

Dairy body to buy 3,000 tonne maize via e-auction.
Ram Gopal Yadav (9 years ago)

The National Cooperative Dairy Federation of India buy 3,000 tonne of maize through a reverse electronic auction. The commodity, used as cattle feed, will be bought on behalf of Karnataka Milk Federation. The federation, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.

Govt wheat procurement up 12% on year at 15 million tonne so far in FY18.
Ram Gopal Yadav (9 years ago)

The government has procured 15 million tonne wheat in 2017-18 (Apr-Mar) up 12.1% from a year ago. Punjab has surpassed Haryana to become the highest contributor to the government’s procurement drive. The government has so far purchased 5.5 million tonne wheat from farmers in the state, up 13.5% from the year-ago period. In Haryana, the government has bought 5.4 million tonne wheat, up 3.4% from a year ago. The government has purchased 3.4 million tonne wheat in Madhya Pradesh, up 12.9% on year, while in Uttar Pradesh, it has bought 267,995 tonne so far, sharply higher than 77,807 tonne in the year-ago period. The Uttar Pradesh government has set a target to procure 8 million tonne wheat this year, much above the central government’s 3- million tonne target for the state. The state government has also offered an incentive of 10 rupees per 100 kg for loading and transportation of the crop, Overall, the central government has set a target to procure 33.0 million tonne of wheat for the current marketing season, up from 22.9 million tonne a year ago.

India Govt procures 15 million tonne wheat so far, spot price stable.
Ram Gopal Yadav (9 years ago)

Wheat prices in key wholesale markets of the country remained unchanged as government procurement offset high supplies the government has procured 15 million tonne wheat for the 2017-18 (Apr-Mar) marketing season, up 12.1% from a year ago. Taking cues from spot markets, the most active May wheat contract on the National Commodity and Derivatives Exchange closed flat. The contract ended down 0.1% from the previous close. The most active July wheat contract on the CBOT was at $4.36 a bushel, up 0.4% from the previous close.

In 2016/17 market year, Ukraine significantly increased the supply of wheat bran to Turkey.
Ram Gopal Yadav (9 years ago)

Turkey is a key country-importer of wheat bran from Ukraine. In the current season the country started gradually increasing the purchasing volumes. July-February of 2016/17 market year Turkey imported almost 352 thousand tonnes of Ukrainian wheat bran, an increase of 14% compared with the same period in 2015/16 market year (309.9 thousand tonnes), and up 4% compared with July-February of 2014/15 market year (337.8 thousand tonnes). Generally, in 2015/16 market year Ukraine supplied 475.8 thousand tonnes of wheat bran to Turkey, up 2% compared with 2014/15 market year (467.8 thousand tonnes). Turkey increased its share among foreign buyers of wheat bran from Ukraine. Thus, in 2014/15 market year the share of Turkey totaled 91% in the export structure, and in 2015/16 MY – 86%, but in the current market year the figures will grow to 98%.

U.S. wheat edges higher as dollar weakens.
Ram Gopal Yadav (9 years ago)

U.S. grain futures edged higher on previous close, boosted partly by a weaker dollar, although the scope for a significant rebound in prices appeared to be capped by ample supplies. Chicago Board of Trade wheat for May delivery was up 0.5 percent at $4.21-1/4 a bushel at 1034 GMT. The most active contract had dipped to a low of $4.17-1/2 on Wednesday, the lowest since March 31.the market remained weighed by abundant global supplies although the prospect of lower crops in the Black Sea region helped to underpin prices. Wheat crop in Russia was forecast to fall by 9 percent from last year to 66 million tonnes while a decline in production was also anticipated in Ukraine. Lower exports from Russia and Ukraine are likely to help reduce the supply glut witnessed in global grains market. May milling wheat was down by one euro or 0.6 percent at 163.50 euros a tonne.