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%.
Most edible oils futures rise; NCDEX May mustard ends flat.
Most edible oils futures rise; NCDEX May mustard ends flat.
U.S. wheat edges higher as dollar weakens.
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.
NCDEX castor seed up 2% as output seen lower.
NCDEX castor seed up 2% as output seen lower.
Wheat consumption in Jordan levels off as refugee influx ends.
Wheat consumption in Jordan is forecast to remain virtually unchanged in the 2017-18 marketing year. At 1.32 million tonnes, the forecast for 2017-18 was up only marginally from 1.318 million tonnes during the 2016-17 marketing year. The flat forecast is in stark contrast to previous years, when Jordan experienced unprecedented growth in consumption due to the influx of Syrian refugees and a testing economic environment. Production of wheat is negligible in Jordan, with the country only turning out about 25,000 tonnes per year, a figure that is expected to remain unchanged in 2017-18. Wheat imports also are forecast flat, at 1.3 million tonnes.
Johannesburg Maize forecast seen down slightly from previous.
South Africa’s Crop Estimates Committee (CEC) is expected to slightly lower its summer maize forecast next week but a bumper harvest is still seen. The CEC, which gives its next forecast on Tuesday, is seen pegging the harvest at 14.175 million tonnes, about 1% lower than its previous estimate of 14.32 million tonnes. This would still be over 82% more than the 7.78 million tonnes reaped last year, when drought hit the crop, pushing up food prices and inflation. The range was 13.5 to 14.6 million tonnes. yields depressed slightly in parts of the country’s maize belt where plantings were late and recent rainfall has been scattered.
Dairy body to buy 1,500 tonne de-olied rice bran.
The National Cooperative Dairy Federation of India buy 1,500 tonne de-oiled rice bran 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
USDA sees Bangladesh year to 2018 wheat output up.
Production of wheat in Bangladesh is expected to be higher in 2017-18 (May-Apr). Production of wheat is rising in the country by 2.3% to 1.3 millon tonne because of higher acreage, which may grow by 5,000 ha to 420,000 ha.
Jaipur barley hits one-week high on lower arrivals
Jaipur barley hits one-week high on lower arrivals
Adverse weather slowed planting of wheat in Ukraine.
Severe cold came to Ukraine early this week. Due to an intrusion of arctic air, night air temperatures dropped to subzero values, even snowfalls occurred in the eastern regions. Because of the deterioration of weather conditions, planting of spring cereals in Ukraine slowed down. Early spring cereals and pulses had been sown on 2228 thosand hactare by April 18 – this is 3.5% less than at the same time last year. Planting of spring wheat lags slightly: 155 thousand hactare planted to date against 156 thousand hactare in 2016.
Weak conditions prevail at pulses market.
Weak conditions prevail at pulses market.
In 2016, Ukraine exported more than 5.5 mln tonnes of wheat.
In 2016, Ukraine exported more than 5.5 millon tonne of wheat and 841 thousand tonnes of oilseeds to Egypt, or over 12% of the general Ukrainian exports of the reporting products. Ukraine has a very responsible approach to the phytosanitary condition of grains for exports. And Egypt is one of the main countries-importers of Ukrainian grains. Ukraine takes the leading positions in global grain exports, due to its geoclimatic conditions and active rates of agricultural development. In 2016, Ukraine managed to increase the exports of grains and oilseeds by over 7% compared with the previous year – to 44.4 millon tonne.
Rajasthan year to Jun chana output seen up 64.5% on year.
Rajasthan year to Jun chana output seen up 64.5% on year.
Higher yields driving rice output in Bangladesh.
Rice production in Bangladesh is expected to increase 0.4% to 34.7 million tonnes in the 2017-18 marketing year, driven by higher yields in the region. Planted area for the country is forecast down 0.3%, to 11.7 million hectares, on lower Boro and Aus rice planted area. Farmers are reportedly switching to more profitable crops like maize, potato, jute, pulses and oilseeds. planted area for Aman rice (planted in July/August and harvested in November/December) rise to meet staple food demand and to avoid switching crops during the monsoon season. Rice imports for 2017-18 are forecast at 125,000 tonnes, up from 100,000 tonnes in 2016-17, on expectations of better pricing from regional suppliers.
Farm body sells 250 tonne urad via NCDEX spot.
Farm body sells 250 tonne urad via NCDEX spot.
Maize prices tad up in Purnea on good demand.
Prices of maize rose marginally in the key market of Purnea in Bihar, as demand from other states as well as Stuckists rose. In Purnea, maize was sold up 10-15 rupees from previous close. Demand from companies such as Godrej, Cargill and Sugna was firm Arrivals in the market were pegged at 3,000 tonne unchanged from previous close. Arrivals of the coarse grain are likely to reach 5,000-6,000 tonne by the end of this month the most active June contract of maize on the NCDEX was up 0.6% from the previous settlement.
Urad down in Delhi on subdued demand from millers.
Urad down in Delhi on subdued demand from millers.
Maize prices rise in key spot markets.
Maize futures on the NCDEX ended higher due to good demand from buyers for the new crop. The May contract of rabi maize ended at 1,407 rupees per 100 kg, up 0.8% from previous close.
NCDEX mustard seed at 2-year low as output seen higher.
NCDEX mustard seed at 2-year low as output seen higher.
NCDEX coriander up on short covering, low output.
Futures contracts of coriander on the NCDEX were up as investors covered their short positions after prices fell to a five-week low of 6,900 rupees per 100 kg on Tuesday. A 2,420-tn decline in open interest in the May contract indicated short covering. The most active May contract on the NCDEX traded up 0.2% from the previous close.