NCDEX coriander hits 8-week high as arrivals decline.
Ram Gopal Yadav (9 years ago)

Coriander contracts rise for the third consecutive week and hit eight-week high due to lower arrivals and as demand from domestic and overseas markets rise. Arrivals at Kota were pegged at 6,000 bags (1bag=40kg), down 2,000 bags from the previous day. On the NCDEX, the most-active April contract was up 0.5%.

Import duty unlikely to affect wheat procurement in Punjab, Haryana.
Ram Gopal Yadav (9 years ago)

Private flour millers in Punjab and Haryana feel the 10% import duty will have little impact on wheat procurement for public distribution system while private buying of the cereal will remain limited due to lack of trading infrastructure and higher levy in the two-states. The procurement for public distribution system is expected to better than the last year in the two-states due to favourable weather this year. A target of 33 million tonne wheat has been set for the current procurement season, higher by 43 per cent over the last corresponding season. The procurement missed target due to scanty rains in the last year and stood at 22.96 million tonnes. The procurement figure stood at in Punjab and Haryana stood at 104.44 lakh tonnes and 67.78 lakh tonnes respectively in 15-16 Rabi season. This year Haryana is expecting around 75 lakh tonnes of wheat during the Rabi procurement season and procurement is expected to higher in Punjab as well.

Rice prices rise in India, Thailand on stronger currencies.
Ram Gopal Yadav (9 years ago)

Rice prices firmed in Thailand and India on stronger local currencies, while prices weakened in Vietnam as the country entered its peak harvest season. In India, percent broken parboiled rice prices rise by $2 per tonne to $373 to $378 a tonne this week, as gains in the rupee led exporters to raise prices. The rupee was near its highest level in about 18 months. Prices of the benchmark 5% broken rice rise to $350-$365 a tonne free-on-board (FOB) Bangkok from $350-$36 as the baht appreciated against the U.S. dollar, but demand has been low. In Vietnam, its main harvest season since late March, pushing down prices of the 5% broken rice to $348-$350 a tonne FOB Saigon from $350-$355. Vietnam rice exports are expected to fall 23.9% annually to 1.19 million tonnes in the first quarter, after its shipments of the grain dropped 26.5% in 2016 due to lower production caused by climate changes.

Barley stocks in Ukraine 24% up year-on-year.
Ram Gopal Yadav (9 years ago)

Ukraine reserves of grains and pulses totalled 19.21 MMT as of March1, 2017 that is 18.7% more than at the same time last year (16.19 MMT). Barley inventories are 24% up from last year, amounting to 1.59 MMT (1.28 MMT).

Lima grain barley exported from Pacific Northwest (North America) to South Africa.
Ram Gopal Yadav (9 years ago)

Lima grain Europe and Lima Grain Cereal Seeds sent 12 tonnes of the malting barley variety LCS Genie to South Africa for farming and malting purposes. This barley variety high-yielding and passed all the malt tests in the U.S which yields have high with the feed barley. Recently Lima Grain Cereal Seeds has sent varieties to India, Australia and South Africa.

NCDEX coriander hits 8-week high on rising demand.
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander on the NCDEX extended gains and hit an 8-week high as demand from domestic and overseas markets rise. Arrivals at Baran were pegged at 5,000 bags (1bag=40kg), up 3,000 bags from previous day. On the NCDEX, the most-active April contract was up 0.4%.