The Soybeans Processors Association of India sent a letter to the Indian ministry of Commerce and Industry on Wednesday, which was released late Thursday, urging the government not to reduce the duty on crude palm oil […]
USDA slashes 2018-19 global oilseeds output view to 599.6 mln ton
The US Department of Agriculture has slashed its estimate for global oilseeds production in 2018-19 to 599.6 mln tn, lower by 4.4 mln tn from its previous forecast, the agency said in its November report. The world oilseed crop is […]
India Edible Oil:MCX CPO at year’s low on global cues; soy, mustard down
NEW DELHI – Futures contracts of all edible oils and oilseeds on domestic exchanges fell today tracking weakness in overseas markets, and due to a stronger rupee against the dollar, analysts said. The front-month November crude palm […]
Soybean inventories pile up amid US-China trade battle
Soybean shipments to China dropped sharply in mid-October from a year earlier and are expected to continue falling. China placed a 25% tariff on US soybeans to retaliate against the Trump administration. Watch soybeans trade live. As […]
China’s NBS adds 20MMT to productions: USDA.
The China’s National Bureau of Statistics (NBS) revision adds a cumulative 20 million tons to production for the 2007/08-2017/18 period. Most of the increase is added to stocks, with only a small addition to feed and […]
Indian Rice Quotes Lowest in 18 Months:USDA
Export quotes from the Western Hemisphere remain elevated compared to those from Asian suppliers. U.S. quotes, while lower from earlier in the year, remain the highest although stable at $550/ton as harvest pressure from new crop […]
China rice stocks surged: USDA.
The China’s National Bureau of Statistics (NBS) revision adds a cumulative 18 million tons to production for the 2007/08-2017/18 period. Most of the increase is added to stocks as rice is primarily used for food and […]
USDA Rice Overview for 2018-19.
Global rice production is raised this month due to multi-year revisions for China. Global consumption is forecast marginally higher and ending stocks are raised to a new record, also on the revisions for China. Trade is […]
India rabi urad area down 3% YoY at 67000 Ha.
The area planted under rabi urad is down by 3% to 67000 Ha as comared to the 69000 sowed during the same period last year.
Maharashtra urad procurement speed up.
Moong (green gram) and urad (black gram) procurement in Maharashtra at minimum support price (MSP) is slowly gathering pace. According to the state agriculture department, some 6,581.847 quintals of moong have been procured from 1,164 farmers […]
Poor crop reports support prices.
Pulses prices have been surged in last few days on the reports of dip in acreage .Pulses and pulse seeds have been ruling higher at the mandis in Indore for past few days amid report of […]
Soybeans edge higher after China supports U.S. trade talks – Reuters News
FUNDAMENTALS The most active soybean futures on the Chicago Board Of Trade Sv1 were up 0.1 percent at $8.87 a bushel, as of 0203 GMT, having closed down 0.2 percent on Monday. The most active corn […]
India Spices: Jeera, Coriander rise on low acreage view, turmeric down
Futures contracts of all spices, barring mentha oil and turmeric, rose today on domestic commodity exchanges. Coriander contracts on the National Commodity and Derivatives Exchange ended up over 2% on expectation of a fall in acreage, said Brajesh Gupta, a Kota-based trader. “Prices […]
CAI trims cotton crop size estimate on weather woes
As prevailing weather conditions and water scarcity hit cotton yields in key growing regions, trade body Cotton Association of India (CAI) has further trimmed its crop estimate to 343250 bales (each of 170 kg) for the […]
Delhi wheat prices down, subdued trade ahead of Diwali
Price of wheat in key spot market of Delhi edged lower in a thin trade. In Delhi, the mill-quality wheat was sold at 2,040-2,060 rupees per 100 kg, down by around 20 rupees from the previous […]
Prices of maize in Davangere, a key market in Karnataka, remained steady.
Prices of maize in Davangere, a key market in Karnataka, remained steady at 1,100-1,400 rupees per 100 kg in a lacklustre trade ahead of Diwali. Daily arrivals of maize have increased to 10,000 bags (1 bag […]
Paddy bonus fails to boost Diwali market in Chhattisgarh.
he bonus announced by the Chhattisgarh government for the farmers failed to give momentum to the Dhanteras-Diwali market that traders were expecting in the poll-bound state. Over 1.3 million farmers in the state are the beneficiaries […]
Wheat acreage up 58.7% on year at 914,000 ha as of Thursday.
Farmers in the country have commenced sowing of wheat in the country, key rabi food grain, with total area rising 58.7% on year to 914,000 ha. The acreage was also higher than the normal area of […]
Brazil Oct. corn export reported at 3.2 MMT
Brazil’s Trade Ministry reported October corn exports at 3.201 MMT, up from 3.424 MMT in September but down vs. 5.028 MMT in the year-ago month
US corn crop cuts by forecasters
Informa Economics cut its US corn yield forecast by 2.4 bu to 179.7 bushels per acre (bpa), which results in a US corn crop estimate of 14.698 billion bu for 2018 FCStone lowered its forecast this […]