Pakistan sends rice for drought-hit Sri Lanka.
Philippine may review rice imports on larger crop.
The country was looking to import 250,000 tonne of rice from Vietnam. Rice output in Philippine is seen higher because of favourable conditions and no infestation so far. Philippine is among the largest importers of rice, buying mostly from neighbours Thailand and Vietnam.
Rice prices rise in India, Thailand on stronger currencies.
Rice prices rise in India, Thailand on stronger currencies.
Pakistan sends rice for drought-hit Sri Lanka.
Pakistan will send 10,000 metric tonnes of rice to Sri Lanka which is facing its worst drought in four decades. The first shipment of the consignment will depart from Pakistan on March31 and reach Sri Lanka on 3rd April. Earlier, 25 metric tonnes of rice was airlifted to Colombo on February8 as immediate short term assistance.
Barley stocks in Ukraine 24% up year-on-year.
Barley stocks in Ukraine 24% up year-on-year.
Rice prices rise in India, Thailand on stronger currencies.
Rice prices firmed in Thailand and India on stronger local currencies, while prices weakened in Vietnam as the country entered its peak harvest season. In India, percent broken parboiled rice prices rise by $2 per tonne to $373 to $378 a tonne this week, as gains in the rupee led exporters to raise prices. The rupee was near its highest level in about 18 months. Prices of the benchmark 5% broken rice rise to $350-$365 a tonne free-on-board (FOB) Bangkok from $350-$36 as the baht appreciated against the U.S. dollar, but demand has been low. In Vietnam, its main harvest season since late March, pushing down prices of the 5% broken rice to $348-$350 a tonne FOB Saigon from $350-$355. Vietnam rice exports are expected to fall 23.9% annually to 1.19 million tonnes in the first quarter, after its shipments of the grain dropped 26.5% in 2016 due to lower production caused by climate changes.
ICRA sees India FY17 basmati exports largely unchanged at 4 million tonnes.
ICRA sees India FY17 basmati exports largely unchanged at 4 million tonnes.
Dairy body buys 4,500 tn de-oiled rice bran.
National Cooperative Dairy Federation of India bought 4,500 tonnes of de-oiled rice bran in three lots through an online auction. The dairy body also bought 200 tonnes of polished rice through the auction. Both purchases were made on behalf of the Karnataka Milk Federation. The National Cooperative Dairy Federation of India, which has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy products.
Wheat Tax Would not stopped Imports to Southern India, said Millers.
Wheat Tax Would not stopped Imports to Southern India, said Millers.
ICRA sees India FY17 basmati exports largely unchanged at 4 million tonnes.
India exports of basmati rice are likely to be around 4 million tonnes in the current financial year that slightly down from 4.04 million tonnes last year. The country exported 3.25 million tonnes in Apr-Jan, down 5.3% on year. Demand from Iran has the potential to provide a fillip to India exports. Average realisations from exports for the current fiscal are likely to be lower at 210 billion rupees, against 227.2 billion in the previous year Prices of basmati rice rise by 20-25% during the recent three-month procurement season that ended December, due to lower supplies and firm demand. Output of basmati in India is estimated to have fallen 23% on year to 6.2 million tonnes in 2016-17 (Jul-Jun), due to a significant reduction in acre. Basmati rice exports is likely to grow to Rs 22,000-22,500 crore and volume to around 4.09 million tonne mainly supported by an increase in average realisations in FY18.
Japan seeks to buy 120,000 tonne feed wheat via tender.
Japan seeks to buy 120,000 tonne feed wheat via tender.
Wheat Tax Would not stopped Imports to Southern India, said Millers.
Flour millers in South India will continue importing wheat from Australia and the Black Sea region even with the 10% duty imposed this week as its cheaper than locally grown supplies. Imports may reach as much as 2 million tonnes in 2017-18 with 80 to 85% likely coming from Australia and the remainder from the Black Sea. Importers will initially try to sell 250,000 tonnes to 300,000 tonnes of wheat stored near Tuticorin Port in the southern state of Tamil Nadu. India is seeking to rebuild stockpiles that plunged 44% in March from a year earlier to 9.43 million tonnes. India has been purchasing high-protein grain from Australia, Russia and Ukraine.
CBOT wheat prices were pressured by weather factor.
CBOT wheat prices were pressured by weather factor.
Japan seeks to buy 120,000 tonne feed wheat via tender.
Japan Ministry of Agriculture said it would buy 120,000 tonnes of feed wheat to be loaded by July31 and arrive in Japan by Sept. 29, via a simultaneous buy and sell auction that will be held on April5. The tender is usually conducted weekly, but the ministry skipped the tender this week due to an adjustment at the end of the fiscal year that will end on March31. Japan buys and sells its feed wheat via simultaneous buy and sell auction, in which end-users and importers specify the origin, price and quantity of grain, allowing millers to meet their varied needs for the feed grain.
Wheat up in spot market post import duty.
Wheat up in spot market post import duty.
CBOT wheat prices were pressured by weather factor.
CBOT wheat prices declined (-3.44%). In the spot market, the supply price for US wheat (April delivery) lost USD 6. Despite the information on winter wheat conditions worsening in the largest producing states of the USA–Oklahoma and Kansas, the wheat futures continued to go down. The prices were pressured by a weather factor–a rain forecast in the regions of winter wheat production in the USA, which will refill soil moisture reserves.
Barley down in Jaipur on low demand, rise in arrivals.
Barley down in Jaipur on low demand, rise in arrivals.
Wheat up in spot market post import duty.
Prices of wheat rise in major wholesale markets of the country after the govt levied 10% customs duty on import of wheat. Demand from bulk buyers was higher as the duty is expected to restrict imports, which will affect supply in the domestic market. The impact is likely to be offset by high arrivals of the new crop. In Kota, about 70,000 bags (1bag=100kg) arrive every day and supplies are likely to cross 100,000 bags in the next 15 days. Wheat prices also rise in Delhi. Prices remained unchanged in Indore market as arrivals were high and traders do not expect the import duty to have an immediate impact on supplies.
Japan seek to buy 200,000 tonnes barley via tender.
Japan seek to buy 200,000 tonnes barley via tender.
Barley down in Jaipur on low demand, rise in arrivals.
Prices of barley fell down in Jaipur because of less demand from the malt industry, feed sector and stockists. Arrivals of the new crop were pegged at 180,000 bags (1bag=85kg) compared with 170,000 bags. On the NCDEX, the most-active April contract of barley traded down nearly 0.2%.