Higher yields driving rice output in Bangladesh.
Ram Gopal Yadav (9 years ago)

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.

Maize prices tad up in Purnea on good demand.
Ram Gopal Yadav (9 years ago)

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.

Maize prices rise in key spot markets.
Ram Gopal Yadav (9 years ago)

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 coriander up on short covering, low output.
Ram Gopal Yadav (9 years ago)

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.

Coriander prices fall in Ramganj on higher arrivals.
Ram Gopal Yadav (9 years ago)

Prices of coriander were down in Ramganj as arrivals were higher. In Ramganj, a key wholesale market in Rajasthan, the Badami variety of coriander and the Eagle variety both down 100 rupees from previous close. Arrivals in Ramganj were pegged at 20,000 bags (1bag=40kg) up 7,000 bags from the previous day.

NCDEX cotton oilcake down on weak demand, spot cues.
Ram Gopal Yadav (9 years ago)

Futures contracts of cottonseed oilcake on the NCDEX fell because of weak demand in physical markets. The most active May contract of cottonseed oilcake on the NCDEX was down 0.5% from the previous close. In Akola, the benchmark market in Maharashtra, cottonseed oilcake and in Kadi, Gujarat, both down 20 rupees from previous close. Cheaper alternatives for cattle feed such as mustard feed and guar feed weakened the demand for cottonseed oilcake.

Punjab pegs year to Jun cotton output up 220% on year.
Ram Gopal Yadav (9 years ago)

Cotton crop 1.26 millon bales vs 393,000 bales year ago. Cotton output in Punjab, among the largest producers of the fibre, is estimated to rise a sharp 220% on year to 1.26 millon bales (1bale=170 kg) in 2016-17 (Jul-Jun) because of higher acreage and better yield Cotton output in the state had fallen last year after the crop was severely attacked by white fly.

Ukraine Ag Ministry raised its forecast for 2016/17 grain exports.
Ram Gopal Yadav (9 years ago)

The Ag Ministry of Ukraine raised its forecast for the country’s 2016/17 grain exports from 41 MMT to 42 MMT. The grain export forecast for Ukraine envisages 16.6 MMT of wheat exports, 5.6 MMT of barley, 19 MMT of corn and 1 MMT of other cereals. Ukraine exported some 35.4 MMT of cereals in the 2016/17 season by April 2017, including 15.4 MMT of wheat (of which 10.1 MMT is milling wheat), 14.9 MMT of corn, roughly 4.9 MMT of barley.

Ukraine farmers started 2017 maize sowing.
Ram Gopal Yadav (9 years ago)

Ukraine says 94 packet of spring grains sown so far. Farmers have also started 2017 maize sowing, seeding 341,000 hectares, or 8 percent of a planned 4.5-million-hectare area. A week ago, the ministry saw the planted area at 4.4 million hectares. Farmers have sown 31,000 hectares of soybean out of a planned 1.9 million hectares this year. They have also sown 1.3 million hectares of sunflower, or 24 percent of the expected area of 5.4 million hectares, and 263,000 hectares of sugar beet, or 90 percent of the forecast.

DA task force sets inventory of rice stocks.
Ram Gopal Yadav (9 years ago)

Manila, Philippines – The Department of Agriculture (DA) will lead the creation of a task force to look into the nationwide inventory of rice stocks to counter allegations of a current shortage and speculation of possible importation despite a bumper harvest. The task force aims to prove that there is enough rice supply in the country and establish actual stock situation to allow the government to come up with correct statistics, which could be the basis of sound agricultural planning, particularly in terms of rice production. NFA is insisting on an immediate government-to-government importation of 250,000 metric tons (MT) of rice to boost the agency’s inventory. Latest data from the PSA showed that the country’s rice inventory in March declined by 19 percent to 2.18 million MT, from 2.67 million MT recorded a year ago. The agency reported that total rice inventory as of March was also five percent lower than the 2.3 million MT posted in February.