NCDEX coriander hits 10 week high on strong demand.
Ram Gopal Yadav (9 years ago)

Coriander contracts rise for the fourth consecutive week and hit a 10-week high on the NCDEX due to strong demand from domestic and overseas markets for the new crop. Arrivals at Kota were pegged at 8,000 bags (1bag=40kg), up 2,000 bags. On the NCDEX, the most-active April contract was up 1.3%.

Govt buys 950,000 tonne wheat in Madhya Pradesh.
Ram Gopal Yadav (9 years ago)

Govt procured 950,000 tonne wheat in Madhya Pradesh so far in the current marketing year ending March. Govt is buying wheat from farmers at the minimum support price and will use it to build its stocks, and to ensure adequate returns to farmers. The procurement is expected to rise in next two to three days as many farmers believe it is auspicious to sell their crops after Navratri. Madhya Pradesh is expected to produce a record 21.0 million tonne wheat in 2016-17 (Jul-Jun), up from 18.4 million tonne a year ago. Wheat procurement has also begun in Punjab, Haryana, and Uttar Pradesh, and government so far purchased nearly 200 tonne of the grain from these states. Govt is targeting to buy 22 million tonne wheat from Punjab, Haryana and Uttar Pradesh in the current crop year ending June. Govt has set its wheat procurement target at 33 million tonne, up from 22.9 million tonne bought a year ago.

Uttar Pradesh to pay 10 rupees/100 kg extra for wheat procurement.
Ram Gopal Yadav (9 years ago)

Uttar Pradesh will pay 10 rupees over and above the minimum support price for wheat procurement in the state. The incentive given to the farmers to pay labour to load and transport their produce to wheat procurement centres. To eliminate the role of middlemen in procurement operations, the state government will check farmers Aadhar cards and account books while making payments to them. Govt has opened 5,000 procurement centres across the state and govt is targeting to buy 8 million tonne wheat from farmers in the current marketing year against 7.97 million tonne purchased in the previous year.

Ukraine exported 5.5 MMT of wheat to Egypt.
Ram Gopal Yadav (9 years ago)

In 2016, Ukraine exported 5.5 MMT of wheat and 841 KMT of oilseeds to Egypt that represented over 12% of Ukraine total exports of these crops. Egypt has recently decided to liberalize its phytosanitary requirements to grain imports. In particular, this concerns permissible levels of ergot and ambrosia seeds in cereal and pulse grains.

India Wheat output to hit record high of 98 million tonnes despite soaring mercury.
Ram Gopal Yadav (9 years ago)

India wheat output will not suffer because of increased temperatures, as the crop nearing harvest in the top producing states of Punjab, Haryana and Uttar Pradesh has passed the stage which was vulnerable to the change in weather. The predicted production of the wheat this crop year to be an all-time high at 97-98 million tonnes, or even to touch 100 million mark, said Gyanendra Pratap Singh of the Directorate of Wheat Research at Karnal, Haryana. In Punjab and Haryana, average yields to be 48 quintals per hectare while in some places yields can go as high as 70 quintals per hectare. And the average yield in the country is 31 quintals.

Rice basmati extends gain on strong demand.
Ram Gopal Yadav (9 years ago)

Rice basmati prices rise up at the wholesale grains market following pickup in demand. Pick-up in demand from retailers against restricted supplies from producing regions, mainly led to the rise in rice basmati prices.

Rice output up 5.34% in Philippine.
Ram Gopal Yadav (9 years ago)

Philippine rice production in the first quarter expanded by 5.34 percent to 4.14 million metric tons (MMT), from the 3.93 MMT recorded in the same period last year. The increase in production could be attributed to good weather and the use of high-yielding hybrid rice seeds. A total of 4,142,960 MT was harvested from an area of 997,687 hectares in the first quarter, compared to only 3,932,292 MT, from a bigger area of 1,081,096 hectares during the same period in 2016. Mali (West Africa) expects 8% increase in rice output to 3 million tonne in 2017/18. Mali expects to increase its rice output to 3 million tonnes in the 2017/18 season, about 8% more than the previous crop. Mali (West Africa) is second biggest rice grower after Nigeria. The ministry showed 2.78 million tonnes of rice were produced in 2016/17. The forecast of three million would be over an area of 947,878 hectares cultivated.

Barley up in Jaipur on bargain buying.
Ram Gopal Yadav (9 years ago)

Barley prices were up in Jaipur because demand from stockists rise after prices hit a one-week low. Lower arrivals also supported barley prices. New crop arrivals of barley were estimated at 100,000 bags (1bag=85kg), compared with 150,000 bags. Futures contracts of barley rise 2% taking positive cues from the spot market in Jaipur.