Rice prices to rise if imports stopped in Manila (Philippine).
Australian farmers commit to wheat despite price slump, threat of dry weather.
Australian farmers maintain wheat acreage during the 2017-18 season at a near three-year high and rejecting incentives to plant alternative crops amid low prices and unfavourable weather forecasts. Estimates wheat acreage for the coming season at 13.4 million hectares (33.1 million acres), down just one percent from the 2016-17 season.
Rice prices soar amid flash floods Sylhet (Bangladesh).
Rice prices soar amid flash floods Sylhet (Bangladesh).
Dairy body to buy 3,000 tonnes de-oiled rice bran.
The National Cooperative Dairy Federation of India buy 3,000 tonnes of de-oiled rice bran through a reverse electronic auction. The commodity, used as cattle feed, bought on behalf of Karnataka Milk Federation. The federation has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy Products.
Barley prices in Jaipur at 3-week low on muted demand.
Barley prices in Jaipur at 3-week low on muted demand.
Rice prices to rise if imports stopped in Manila (Philippine).
Rice prices go up if government bans imports of the staple grain. Stopping all rice importation is a dangerous policy that lead to significant shortages and increased rice prices. And it needed to buy 490,800 tons of rice to boost its stockpiles that have fallen below the required level ahead of the July to September lean harvest season.
Barley exports from Russia down 42%.
Barley exports from Russia down 42%.
Rice prices soar amid flash floods Sylhet (Bangladesh).
Flash floods in the greater Sylhet region have taken its toll on farmers and created a shortage of paddy for small to medium-sized rice mills. The Haor areas in northern Sylhet account for nearly 10% of the total cultivation area of about 4.8 million hectares this year and the flooding has adversely affected about 140,000 hectares. The mills usually stock up near the end of the season, which is not happening this season due to unexpected floods and only the big millers are well stocked with paddy. It all boils down to is a rise in retail prices of coarse rise in Dhaka by nearly 6.5% over a week and there is upward price rise of such rice in other parts of the country.
Indian coriander prices start decline on low export demand.
Indian coriander prices start decline on low export demand.
Barley prices in Jaipur at 3-week low on muted demand.
Prices of barley in Jaipur hit a three-week low due to muted demand from the feed sector and Stuckists, as well as higher arrivals of the new crop. The grain was sold at down 10 rupees from previous close. Arrivals of the new crop were estimated at 100,000 bags (1bag=85kg), compared with 90,000 bags on previous close. Limited purchases from malt industries also weighed on barley prices.
Coriander prices rise in Kota as arrivals half.
Coriander prices rise in Kota as arrivals half.
Food regulator says ITC, HUL, others to start fortifying wheat flour.
Food regulator says ITC, HUL, others to start fortifying wheat flour.
Ukraine boosted grain exports by 9%.
Ukraine boosted grain exports by 9%.
Indian private traders import 44 lakh tonnes wheat in Apr-Feb FY17.
Private traders have imported 44.10 lakh tonnes of wheat from April 2016 to February 2017, said govt. Govt had wheat stock of 94.29 lakh tonnes at the beginning of March as against the buffer norm of 64.60 lakh tonnes as on April 1. The wheat stock is likely to improve in the coming months when Rabi crop arrives in markets.
National Food Authority in Philippine pegs deficit in govt rice stocks at 490,800 MT.
National Food Authority in Philippine pegs deficit in govt rice stocks at 490,800 MT.
NCDEX coriander at 3% lower limit as supply seen up.
Futures contracts of coriander hit the 3% lower circuit on the NCDEX because arrivals in Rajasthan markets are seen increasing. Arrivals are seen rising as harvesting of the new crop is in progress in Rajasthan and Gujarat. Weak demand from the local consumers also led to decline in coriander prices. On the NCDEX, the most active May contract was down 3%. Arrivals in Baran were pegged at 60,000 bags (1bag=40kg), up 18,000 bags from previous close.
Rice prices rise on flash floods in Sylhet (Bangladesh).
Rice prices rise on flash floods in Sylhet (Bangladesh).
Govt procures 5,243 tonne wheat in Uttar Pradesh, up three-fold on year.
Government has procured 5,243 tonne of wheat in Uttar Pradesh in the current marketing year so far, nearly three times the year-ago procurement of 1,759 tonne. State government has set a target of procuring 8 million tonne wheat, way above the central govt target of 3 million tonne for Uttar Pradesh. To enable efficient procurement and eliminate the role of middlemen, the new govt in Uttar Pradesh has made Aadhar cards compulsory for farmers coming to sell their crops. The government has also offered an incentive of 10 rupees per 100 kg for loading and transportation of the crop. Overall, 2.4 million tonne of wheat has been procured in the country so far, slightly lower than 2.6 million tonne a year ago. Procurement is highest in Madhya Pradesh where the govt has bought 1.8 million tonne wheat so far. In Punjab, the government has bought 37,505 tonne, and in Haryana, it has purchased 534,279 tonne of wheat.
Customs restricts exit of rice from free trade zones Abuja (Nigeria).
Customs restricts exit of rice from free trade zones Abuja (Nigeria).
Spot wheat down as supplies rise in Madhya Pradesh.
Prices of wheat fell in the benchmark market of Indore. Madhya Pradesh as harvesting is at its peak in the state, with high supplies of the grain in markets Arrivals in Madhya Pradesh were higher today at 300,000-400,000 bags (1bag=100kg), up from 100,000 bags the previous day. Around 20,000 bags of wheat arrived in Delhi markets. The May wheat contract on the NCDEX fell marginally down 0.1% from the previous close. On the CBOT, wheat futures fell nearly 1% on subdued demand.