Govt to spend Rs225 billion on wheat procurement in Pakistan.
Syria gets 50,000 tonnes of Russian wheat in aid.
Syria has received 50,000 tonnes of Russian wheat as humanitarian aid. Russian govt said in November their country plans to send around 100,000 tonnes of wheat as aid to Syria. A deal struck in October for Syria to buy 1 million tonnes of Russian wheat with little known firm Zernomir is in jeopardy.
Guyana cleared for paddy exports to Mexico.
Guyana cleared for paddy exports to Mexico.
Govt to spend Rs225 billion on wheat procurement in Pakistan.
Govt decided to purchase Rs225 billion worth of 7.05 million tonnes wheat, allow export of 200,000 tonnes of sugar and to pay one-month salary to Pakistan Steel Mill employees. The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister Ishaq Dar.
India needs 120 million tonne rice by 2030.
India needs 120 million tonne rice by 2030.
Guyana cleared for paddy exports to Mexico.
Guyana will now be able to bid on three quotas, totalling 30,000 metric tonnes of paddy for export to Mexico, following the Govt of Mexico decision to allow the tax-free importation of 150,000 metric tonnes of paddy and rice products from outside of the North American Free Trade Agreement(NAFTA) member states. Normally taxes for countries, other than NAFTA member states, trading with Mexico, are 9% on paddy and 20% on rice products.
Wheat arrivals in Punjab, Haryana likely in 10 days.
Wheat arrivals in Punjab, Haryana likely in 10 days.
Wheat procurement gathers motion and govt buys 389,792 tonnes.
Wheat procurement gathers motion and govt buys 389,792 tonnes.
Wheat arrivals in Punjab, Haryana likely in 10 days.
Fresh arrivals of wheat in the key producing states of northwest India-Punjab, Haryana and Uttar Pradesh are likely to start in the next 10-15 days. In these states, wheat harvesting was in the initial phase, and the new crop was expected to arrive by mid-April. Punjab, Haryana and Uttar Pradesh account for more than two third of India overall wheat production.
Russian wheat prices fall on weaker demand from Egypt, Turkey.
Russian wheat prices fall on weaker demand from Egypt, Turkey.
Wheat procurement gathers motion and govt buys 389,792 tonnes.
FCI has procured 389,792 tonnes higher than around 376,000 tonne procured a year ago. Around 389,000 tonne, almost all of the procured grain has come from Madhya Pradesh. Farmers in Madhya Pradesh are choosing to sell their crop to government agencies as market prices have now fallen below the MSP of offered by the Centre. In Gujarat, about 480 tonnes of wheat has been procured so far, while in Rajasthan is at 312 tonne.
Solvent Extractors Association of India ask to paddy, wheat farmers of Punjab, Haryana to grow mustard.
Solvent Extractors Association of India ask to paddy, wheat farmers of Punjab, Haryana to grow mustard.
Russian wheat prices fall on weaker demand from Egypt, Turkey.
Russian wheat export prices fell due to lower demand from Egypt and Turkey. Turkey put purchases of wheat, maize and sunflower from Russia on hold from mid-March. Russia exported 26.9 million tonnes of grain between July1 and March22, down 1.8% from a year earlier including 20.6 million tonnes of wheat. Domestic prices for third-class wheat, excluding delivery, fell in the European part of Russia. (Source: Reuters)
Barley prices down in Jaipur as arrivals increased.
Barley prices down in Jaipur as arrivals increased.
Solvent Extractors Association of India ask to paddy, wheat farmers of Punjab, Haryana to grow mustard.
Solvent Extractors Association will ask paddy and wheat growers in Punjab and Haryana to partly switch to mustard so as to meet the aim of 10 million tonne mustard output by 2020. A shift to mustard will also check a sharp fall in underground water table level in the two states as the oilseed crop needs comparatively less water for growth. Use of genetically modified mustard crop would also help in meeting the objective of 10 million tonne mustard production. Higher mustard production in domestic markets will reduce burden on imports of edible oils. The country meets 70% of its domestic demand through imports of edible oils and Mustard crop accounts for around 20% of the total oilseed basket.
NCDEX coriander up for 3rd week as exports seen strong.
NCDEX coriander up for 3rd week as exports seen strong.
Barley prices down in Jaipur as arrivals increased.
Prices of barley fell in Jaipur because arrivals of the grain increased due to low demand from stockists and the feed sector. Arrivals of the new crop were estimated at 150,000 bags (1bag=85kg) compared with 50,000 bags. The most-active April contract of barley on the NCDEX was down 1.16%. Supplies of barley have increased because arrivals of the new crop have gained pace. Limited purchases from malt industries also weighed on prices.
NCDEX coriander up for 3rd week as exports seen strong.
Futures contracts of coriander on the NCDEX rise for the straight third week due to expectations of strong export demand. The most active April contract of coriander on the NCDEX, up 0.2%. Arrivals of coriander in Kota were unchanged at 45,000 bags (1bag=40 kg).
Prices of rice basmati and non-basmati firmed up.
Prices of rice basmati and non-basmati firmed up.
Delhi wheat prices up on high demand for fresh crop.
Wholesale prices of wheat in the key market of Delhi rise due to good demand for the new crop. Prices are likely to fall in the next 10 days, once arrivals start from all growing regions across the country. In Madhya Pradesh, prices were unchanged.