Barley exports from Russia down 42%.
Ram Gopal Yadav (9 years ago)

In February 2017, Russian barley exports turned down again. So, 103.8 KMT of barley was exported from Russia that month, or down almost 30% from the previous month and two and a half times less than exported in February 2016. In the first eight months of the current season, Russian barley exports were down 42% year-on-year at less than 2.1 MMT against 3.6 MMT in July-February 2015/16. Drops are reported in Russian deliveries to almost all of their destinations. This season, the country only increased exports to Lebanon, Morocco and Syria. At the same time, Russia remains the top supplier of barley to Lebanon. Russian exporters have doubled barley shipments to this market in 2016/17 which have already shipped roughly 128 KMT against 62 KMT for the whole 2015/16 marketing year.

Indian coriander prices start decline on low export demand.
Ram Gopal Yadav (9 years ago)

Indian coriander prices start decline on low export demand, currently Indian coriander offered at USD1200 per MT, facing stiff resistance from Russian & Romania coriander which was traded at USD 500 per tonne. This make lower export down by 21% YOY. Moreover, domestic arrival preasure also weigh on prices. Domestic prices at a level of Rs.6000-6300 per 100 kg would bring India back to export market.

9.11 lakh MT of wheat expected in Bathinda district markets.
Ram Gopal Yadav (9 years ago)

Around 9,11,150 MT of wheat is expected to arrive in grain markets of the district. Bathinda Deputy Commissioner Diprava Lakra gave this information after conducting a visit to the grain markets at Talwandi Sabo, Bhagi Vander and Kotshamir to view arrangements for the wheat procurement process. Six procurement agencies would procure wheat in 182 grain markets of the district. Complete arrangements were in place at mandis and facilities for farmers, labourers and commission agents were also being ensured. The arrival of wheat would gain momentum in the days to come and agencies including Punsup, Pungrain, Punjab Warehouse, FCI and Markfed would procure wheat in the district.

High supplies drag wheat prices in spot markets.
Ram Gopal Yadav (9 years ago)

Prices of wheat fell in major wholesale markets of the country due to high availability of the grain in spot markets and on anticipation of higher arrivals in the coming days. Arrivals in Punjab begin nearly 7-10 days ago and about 1,000 tonne of the grain arrive daily in Amritsar. Arrivals may rise to 2,000-2,500 tonne in the coming days.

USDA raises 2017 wheat carryover 3% from March.
Ram Gopal Yadav (9 years ago)

The U.S. Department of Agriculture in its April 11 World Agricultural Supply and Demand Estimates report raised its forecast for 2017 U.S. Wheat carryover by 3% from its March forecast to near a 30-year high. The USDA also raised its soybean carryover forecast by 2% from March but left corn carryover unchanged. USDA forecast the carryover of wheat on June1, 2017, at 1.159 billion bushels, up 30 million bushels from 1.129 billion bushels forecast last month and up 183 million bushels, or 19%, from 976 million bushels in 2016. USDA forecast was above the average but within the range of pre-report trade expectations.

Rice prices rise on flash floods in Sylhet (Bangladesh).
Ram Gopal Yadav (9 years ago)

Rice prices edged up as large millers are cashing in on crop losses, caused by the recent flash floods in the greater Sylhet region, amid depleting stocks from previous harvests and low imports. In Dhaka, retail prices of coarse rice such as the swarna variety ise to a new level of Tk 40-42/kg, up 6.49% from Tk 37-40 a week ago. Prices of the medium and fine categories of the staple also went up between 1.96 percent and 4.65 percent in the last one week. The flood has affected 1.40 lakh hectares of paddy in the fields. Speculation over delayed harvest for the bad weather is another reason for the recent price spiral as farmers, small and medium millers and wholesalers do not have paddy stocks. Govt can reduce the import duty on rice to encourage imports and increase the supply in the market. Rice imports by private traders slumped 65 percent to 76,600 tonnes in July-March of the current fiscal year from the same time last year, after the government hiked the duty from 20% to 28% to ensure that growers get fair prices for their produce.

Customs restricts exit of rice from free trade zones Abuja (Nigeria).
Ram Gopal Yadav (9 years ago)

According to Nigeria Customs Service, it has restricted the exit of rice from Free Trade Zone in the country to ensure total compliance to the ban on the importation of rice. Due to the high level of security along the border lines, some Nigerians were taking advantage of the status of the Free Trade Zone to smuggle rice into the country.

Barley down in Jaipur as new crop arrival gains pace.
Ram Gopal Yadav (9 years ago)

Prices of barley fell in Jaipur due to higher arrivals and a lacklustre demand from stockists and feed sector. New crop arrivals of barley were estimated at 90,000 bags (1 bag = 85 kg) compared with 75,000 bags previous close. The most-active May contract of mustard seed on the NCDEX was down 0.8%.