Dairy body to buy 150 tonne de-oiled rice bran.
Ram Gopal Yadav (9 years ago)

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.

Jaipur barley prices up on low supply, high demand.
Ram Gopal Yadav (9 years ago)

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.

NCDEX barley down tracking rise in warehouse stocks.
Ram Gopal Yadav (9 years ago)

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.

Asia Rice-Prices rise in India, stable in Vietnam.
Ram Gopal Yadav (9 years ago)

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.

Over production of rice lead to sharp drop in prices in West Bengal.
Ram Gopal Yadav (9 years ago)

Rice production in West Bengal may reach 173 lakhs million tonnes by 2017-18 from the current level of about 148 lakh MT through increased usage of high yielding varieties, improving soil drainage, spreading rice-fish culture and taking other such measures, apex industry body. This high increase in the production definitely drop in the prices.

US wheat planted area falls to record low.
Ram Gopal Yadav (9 years ago)

U.S. wheat planted area peaked in 2008-09 at 63.2 million acres and U.S. wheat planted area has fallen 27 percent to a projected 46.1 million acres in 2017-18. It will be 16% below the 5-year average of 55.0 million acres. The increased winter wheat planted area by 360,000 acres from January 2017 estimate to 32.7 million acres. The new estimate is still 9% down from 2016-17 planted area. The increase came from hard red winter area, estimated at 23.8 million acres up 2% from the previous projection. Still, HRW planted area will be down 10 percent from 26.5 million acres (10.7 million hectares) planted for 2016-17. hard Red Winter planted area will be down 10% from 26.5 million acres planted for 2016-17. Soft red winter planted area decreased from the previous estimate to 5.53 million acres. USDA expects white wheat acres planted in both winter and spring to reach 4.12 million acres for 2017-18, down slightly from 2016-17.

USDA pegs 2016-17 global wheat output slightly up at 751.36 million tonne.
Ram Gopal Yadav (9 years ago)

The US Department of Agriculture has marginally increased its estimate for 2016-17 global wheat output to 751.36 million tonne from 751.07 million tonne, due to higher output in Pakistan. global consumption in 2016-17 has been lowered by 0.6 million tonne to 740.8 million tonne as a million tonne decrease in the US offset the small rise in other countries. Higher production and lower usage is likely to result in a rise of 2.3 million tonne in global ending stocks, which are pegged at 252.3 million tonne. The USDA cut its projection for global exports in 2016-17 due to a decrease of 0.5 million tonne each from Australia, Canada, Kazakhstan and Russia. Total global exports in 2016-17 are expected to be at 180.68 million tonne down from 181.02 million tonne.