India Wheat output to hit record high of 98 million tonnes despite soaring mercury.
Ram Gopal Yadav (7 years ago)

India wheat output will not suffer because of increased temperatures, as the crop nearing harvest in the top producing states of Punjab, Haryana and Uttar Pradesh has passed the stage which was vulnerable to the change in weather. The predicted production of the wheat this crop year to be an all-time high at 97-98 million tonnes, or even to touch 100 million mark, said Gyanendra Pratap Singh of the Directorate of Wheat Research at Karnal, Haryana. In Punjab and Haryana, average yields to be 48 quintals per hectare while in some places yields can go as high as 70 quintals per hectare. And the average yield in the country is 31 quintals.

Telangana Govt all set to start paddy procurement.
Ram Gopal Yadav (7 years ago)

All arrangements were made for procurement of paddy during Rabi season in the State to ensure minimum support price to farmers. Paddy procurement operations would commence from the next week. The arrangements for procurement of paddy in Rabi season stating that 3,076 paddy purchase centres were opened, during Rabi last year, the corporation procured 8.42 lakh MT of paddy through 1,288 purchase centres. Paddy purchase centres target of procurement of 37 lakh MT. Market arrivals of paddy will be 11.35 lakh MT in April 18.92 LMT in May and 7.57 LMT in June.

Barley prices up in Jaipur as arrivals decline.
Ram Gopal Yadav (7 years ago)

Barley prices were up in Jaipur, due to a decline in supply of the grain coupled with an increase in demand from stockists and feed sector. New crop arrivals of barley were estimated at 50,000 bags (1bag=85kg) compared with 90,000 bags. Supplies are lower because farmers are holding back their produce in the expectation of prices to rise in the coming days. A pickup in demand from malt companies following the onset of summer also supported barley prices. The most active April contract of barley traded up 1.3% from the previous close.

NCDEX coriander hits 10 week high on strong demand.
Ram Gopal Yadav (7 years ago)

Coriander contracts rise for the fourth consecutive week and hit a 10-week high on the NCDEX due to strong demand from domestic and overseas markets for the new crop. Arrivals at Kota were pegged at 8,000 bags (1bag=40kg), up 2,000 bags. On the NCDEX, the most-active April contract was up 1.3%.

NCDEX coriander hits 8-week high as arrivals decline.
Ram Gopal Yadav (7 years ago)

Coriander contracts rise for the third consecutive week and hit eight-week high due to lower arrivals and as demand from domestic and overseas markets rise. Arrivals at Kota were pegged at 6,000 bags (1bag=40kg), down 2,000 bags from the previous day. On the NCDEX, the most-active April contract was up 0.5%.

Rice basmati extends gain on strong demand.
Ram Gopal Yadav (7 years ago)

Rice basmati prices rise up at the wholesale grains market following pickup in demand. Pick-up in demand from retailers against restricted supplies from producing regions, mainly led to the rise in rice basmati prices.

Rice output up 5.34% in Philippine.
Ram Gopal Yadav (7 years ago)

Philippine rice production in the first quarter expanded by 5.34 percent to 4.14 million metric tons (MMT), from the 3.93 MMT recorded in the same period last year. The increase in production could be attributed to good weather and the use of high-yielding hybrid rice seeds. A total of 4,142,960 MT was harvested from an area of 997,687 hectares in the first quarter, compared to only 3,932,292 MT, from a bigger area of 1,081,096 hectares during the same period in 2016. Mali (West Africa) expects 8% increase in rice output to 3 million tonne in 2017/18. Mali expects to increase its rice output to 3 million tonnes in the 2017/18 season, about 8% more than the previous crop. Mali (West Africa) is second biggest rice grower after Nigeria. The ministry showed 2.78 million tonnes of rice were produced in 2016/17. The forecast of three million would be over an area of 947,878 hectares cultivated.

Barley up in Jaipur on bargain buying.
Ram Gopal Yadav (7 years ago)

Barley prices were up in Jaipur because demand from stockists rise after prices hit a one-week low. Lower arrivals also supported barley prices. New crop arrivals of barley were estimated at 100,000 bags (1bag=85kg), compared with 150,000 bags. Futures contracts of barley rise 2% taking positive cues from the spot market in Jaipur.

Import duty unlikely to affect wheat procurement in Punjab, Haryana.
Ram Gopal Yadav (7 years ago)

Private flour millers in Punjab and Haryana feel the 10% import duty will have little impact on wheat procurement for public distribution system while private buying of the cereal will remain limited due to lack of trading infrastructure and higher levy in the two-states. The procurement for public distribution system is expected to better than the last year in the two-states due to favourable weather this year. A target of 33 million tonne wheat has been set for the current procurement season, higher by 43 per cent over the last corresponding season. The procurement missed target due to scanty rains in the last year and stood at 22.96 million tonnes. The procurement figure stood at in Punjab and Haryana stood at 104.44 lakh tonnes and 67.78 lakh tonnes respectively in 15-16 Rabi season. This year Haryana is expecting around 75 lakh tonnes of wheat during the Rabi procurement season and procurement is expected to higher in Punjab as well.

5,000 wheat purchase centres become operational in UP.
Ram Gopal Yadav (7 years ago)

By ending the role of middlemen, 5,000 wheat purchase centres spread across Uttar Pradesh began functioning on April 1. CM Aditya Nath revised the target of wheat purchase and government agencies have been asked to buy 70 lakh tonne of the total target of 80 lakh tonnes in 2017. The previous Samajwadi Party government had purchased wheat through middlemen which will not be allowed at any cost by the present Bharatiya Janata Party government in the state, said CM.