Govt should not allow more sugar imports: NFCSF
Sugar up in north India on improved demand, down in Mumbai.
Sugar up in north India on improved demand, down in Mumbai.
India coffee exports during Jan 1- Apr 12.
Coffee crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tn produced a year ago, but down from previous estimate of 350,000 tonne. Coffee estimated output for 2016-17 at 316,700 MT tonne, down 9% on year.
India edible oil imports fell over 7% on year.
India edible oil imports fell over 7% on year.
Dairy body to buy 150 tonne de-oiled rice bran.
Dairy body to buy 150 tonne de-oiled rice bran.
Govt cuts base import price of all edible oils.
Govt cuts base import price of all edible oils.
NCDEX sugar rises on buying at lower price level.
NCDEX sugar rises on buying at lower price level.
NCDEX May soybean hits 3-week high on spot market gains.
NCDEX May soybean hits 3-week high on spot market gains.
Centre-South Brazil 2016-17 sugar output 35.6 million tonne, up 14% on year.
Centre-South Brazil 2016-17 sugar output 35.6 million tonne, up 14% on year.
NYMEX crude oil down on rising rig count in US.
NYMEX crude oil down on rising rig count in US.
Dairy body to buy 150 tonne de-oiled rice bran.
The National Cooperative Dairy Federation of India buy 150 tonne of de-oiled rice bran through a reverse electronic auction. The commodity used as cattle feed, will be bought on behalf of Indian Immunological. The national federation has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy products.
Pakistan year to Sep18 sugar output seen record high.
Pakistan year to Sep18 sugar output seen record high.
Jaipur barley prices up on low supply, high demand.
Prices of barley rose in Jaipur for the second consecutive day because of lower arrivals and rising demand from Stuckists, feed sector and the malt industry. The grain was quoted up 10 rupees from previous close in the key market of Jaipur. Arrivals of the new crop of barley were pegged at 70,000 bags (1bag=85kg), compared with 90,000 bags on previous close. Supplies are lower because farmers are holding their produce as they expect prices to rise in the coming days.
Govt may extend duty-free raw sugar import to Jun 30, add more ports.
Govt may extend duty-free raw sugar import to Jun 30, add more ports.
NCDEX barley down tracking rise in warehouse stocks.
Futures contracts of barley on the NCDEX were down due to an increase in stocks of the commodity at exchange warehouse the most active May contract of barley on the NCDEX traded down 0.4% from previous close. Barley stocks at exchange warehouses were at 6,165 tonnes, compared with 5,058 tonnes the previous close.
PHL sugar output to hit 2.25 MMT.
PHL sugar output to hit 2.25 MMT.
Asia Rice-Prices rise in India, stable in Vietnam.
Rice export prices extended its upward trend in India on a stronger rupee, while Vietnam rates were stable amid a subtle market on low demand. India’s 5 percent broken parboiled rice prices RI-INBKN5-P1 rose by $7 per tonne to between $382 and $387 a tonne this week, as gains in the rupee forced exporters to raise prices despite sluggish demand. India, the world’s biggest rice exporter, mainly exports non-basmati rice to African countries and premier basmati rice to the Middle East. Its rice output could rise by 4.3 percent to a record high of 108.86 million tonnes in 2016/17. In Vietnam, the world’s third-largest rice exporter, market was quiet on low demand and unattractive rice prices amid worries over rainfall affecting grain quality. Abnormal rain in some harvesting areas has affected rice quality, but not too seriously. Vietnam’s rice exports are expected to plunge 23.9 percent annually to 1.19 million tonnes in the first quarter, after the grain shipments dropped 26.5 percent in 2016 due to lower output caused by climate changes. Thai benchmark 5-percent broken rice RI-THBKN5-P1 was quoted at $350-$365 a tonne free-on-board (FOB) Bangkok on previous close.
Import impact small on sugar prices.
Import impact small on sugar prices.
Prices of the non-basmati variety of rice were unchanged.
Government had 23.08 million tonnes rice in its stocks as of Apr 1, higher than 22.16 million tonnes a year ago. Prices of the non-basmati variety of rice, Permal Raw, were unchanged from previous close, while prices of the steam variety of basmati rice, Pusa 1121, were also unchanged in major spot markets.
In UP sugar mills to participate in raw sugar import programme.
In UP sugar mills to participate in raw sugar import programme.
