Wheat purchasing should be done on support price at society level in place of silo centres. The state govt has directed to purchase the wheat on support price at silo centres to provide benefit to industrialists. Farmers are bound to face additional financial burden after paying extra transportation charges to bring their crops to silo centres. State government should permit the farmers to sale their wheat crops at society level, the farmers will be able to save huge amount of money. (Source: The Free press)
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.
Russia Sends Wheat to Syria as Aid.
A shipment of 31,500 tonnes of wheat from Russia has arrived in Tartous (Syria). This shipment is the 2nd batch of Russian aid as a ship loaded with 17,300 tonnes of wheat arrived in Tartous early this month. The total amount of the soft wheat provided by the Russian govt to the Syrian people has reached 48,893 tonnes so far.
Emami Agritech sees FY18 rice bran oil output rising 20%.
Emami Agritech sees FY18 rice bran oil output rising 20%.
Prices of rice basmati and non-basmati firmed up.
The wholesale grains market during the week on the back of rising demand from retailers against restricted supplies. An increase in demand from retailers against tight stocks position on fall in supplies from producing regions mainly attributed the rise in rice basmati and non-basmati prices. In the national capital, rice basmati common and Pusa-1121 variety rise respectively. Non-basmati rice, permal raw, wand and IR-8 followed suit and finished higher from previous close.
Lower supplies lift barley to 1-week high in Jaipur.
Lower supplies lift barley to 1-week high in Jaipur.
Emami Agritech sees FY18 rice bran oil output rising 20%.
Rice bran oil production is expected to grow 20% in 2017-18 (Apr-Mar) to 1.2 million tonnes owing to rising demand from health-conscious consumers. Major demand for the oil is seen arising from West Bengal, Punjab and some pockets in southern India. The country produced around 1 million tonnes of the premium oil last year. In West Bengal, rice bran oil production is seen growing to around 200,000 tonnes in 2017-18 from 180,000 tonnes in 2016-17.
NCDEX coriander hits 7-week high as output seen down.
NCDEX coriander hits 7-week high as output seen down.
Lower supplies lift barley to 1-week high in Jaipur.
Barley prices hit a one-week high in Jaipur due to lower arrivals and rise in demand from malt industries. Arrivals of the new crop were estimated at 5,000 bags (1bag=85kg) compared with 8,000 bags. Strong demand from stockists and feed sector also supported barley prices. Supplies are lower because farmers are holding their produce in the expectation of prices to rise in the coming days.
NCDEX coriander hits 7-week high as output seen down.
Futures contracts of coriander on the NCDEX extended gains with the April and May contracts hitting seven-week high because of rise in demand and as production is seen lower in 2016-17 (Oct-Sep). Most-active April contract on the NCDEX traded up 0.83% from previous close. Arrivals in Kota were unchanged at 10,000 bags (1bag=40kg).
Wheat should be purchased at society level in place of silo in Indore.
Wheat should be purchased at society level in place of silo in Indore.
NCDEX wheat ends up as traders fear import duty recovery.
NCDEX wheat ends up as traders fear import duty recovery.
Bharatiya Kisan Union calls for imposing duty on imported wheat to safeguard interests of farmers.
Bharatiya Kisan Union calls for imposing duty on imported wheat to safeguard interests of farmers.
NCDEX wheat ends up as traders fear import duty recovery.
Wheat futures contracts ended higher on the NCDEX as traders anticipate prices to rise if the govt recovers import duty on the food grain. The most active April wheat contract on the NCDEX up 0.6% from previous close. Govt has started buying wheat from farmers in Madhya Pradesh, Rajasthan and Gujarat at a MSP. In Madhya Pradesh benchmark Indore market, wheat prices fell due to a rise in supplies. About 25,000 bags (1bag=100kg) of wheat arrived in the market up from 20,000 bags.
Non-basmati rice edges up on increased demand in India.
Non-basmati rice edges up on increased demand in India.
Bharatiya Kisan Union calls for imposing duty on imported wheat to safeguard interests of farmers.
Bharatiya Kisan Union has urged the Union govt to impose at least 25% custom duty on the import of wheat to safeguard the interests of Punjab farmers. The import of wheat was subject to 10% custom duty which was later withdrawn by the govt. Wheat crop in Punjab was about to arrive in mandis in the next few days and the price of imported wheat needs to be made uneconomical so that the entire wheat crop in Punjab could be procured by the govt agencies at MSP.
Asia Rice-Thailand rice prices firm on stronger baht but dip in Vietnam and India.
Asia Rice-Thailand rice prices firm on stronger baht but dip in Vietnam and India.
Non-basmati rice edges up on increased demand in India.
Non-basmati rice prices firmed up at the wholesale grains market due to increased demand from retailers. Increased demand from retailers against restricted supplies from producing regions mainly helped non-basmati rice prices to trade higher.
Rain and hail flatten ripe crops in Rajasthan.
Rain and hail flatten ripe crops in Rajasthan.