Indian private traders import 44 lakh tonnes wheat in Apr-Feb FY17.
Ram Gopal Yadav (8 years ago)

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.

NCDEX coriander at 3% lower limit as supply seen up.
Ram Gopal Yadav (8 years ago)

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.

Govt procures 5,243 tonne wheat in Uttar Pradesh, up three-fold on year.
Ram Gopal Yadav (8 years ago)

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.

Spot wheat down as supplies rise in Madhya Pradesh.
Ram Gopal Yadav (8 years ago)

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.

Barley down in Jaipur as supply rises, demand decreases.
Ram Gopal Yadav (8 years ago)

Prices of barley down in Jaipur for the second straight day due to an increase in the arrivals coupled with slow demand from stockists. Arrivals of the new crop of barley were estimated at 80,000 bags (1bag=85kg) compared with 70,000 bags of previous close. Expectations of higher output of barley for 2016-17 (Jul-Jun) is creating bearish sentiment in the market. On the NCDEX, the most-active May contract of barley traded down 1.3% from previous close.