Rain and hail flatten ripe crops in Rajasthan.
Ram Gopal Yadav (7 years ago)

Heavy rain and hailstones damaged Rabi crops of wheat, barley, cumin, mustard, gram and potato as well as vegetable farms in the countryside that feed Delhi and all major urban centres in western and northern states.

Ukraine barley exports currently up 18% year-on-year.
Ram Gopal Yadav (7 years ago)

About 200 KMT of barley was shipped abroad that month which is 8.4 times more than 24 KMT of Feb,2016. Ukraine exported 4670 KMT of barley in July-February of the current season which is 18% more than in the same period in 2015/16 (3964 KMT). Ukrainian barley shipments to the market of Libya also continue expanding and this share in Ukraine barley exports have already reached 19%. Deliveries to Israel increased to 143 KMT that is 65% more than exported there for the entire last season. Exports of Ukrainian barley to Lebanon market hit six times high as much as purchased for the entire marketing year of 2015/16.

NCDEX coriander hits 7-week high as output may fall.
Ram Gopal Yadav (7 years ago)

Futures contracts of coriander on the NCDEX extended gains and hit a 7-week high because of increased demand and lower crop forecasts for 2016-17 (Oct-Sep). Coriander output is estimated at around 320,000 tonnes in 2016-17, down 20% from 400,000 tonnes last year. The most-active April contract on the NCDEX traded up 1.6% from previous close. Arrivals in Kota were pegged at 10,000 bags (1bag=40kg) down from 2,000 bags.

Three-year wheat holiday in 2 Bengal districts to check wheat blast.
Ram Gopal Yadav (7 years ago)

Centre has declared a three-year wheat holiday in Nadia and Murshidabad districts of West Bengal that reported outbreak of wheat blast this year to reduce the spread of the disease. Farmers asked to state govt to prepare a list of crops that can be planted instead of wheat for atleast three years. Govt has burnt the affected crop over 580 ha in Murshidabad and over 505 ha in Nadia so far. To ensure that the air borne disease is contained, Central govt has asked the West Bengal govt to buy the entire wheat that is harvested in the affected districts and get it custom milled into flour.

Flour millers seek tax exemption on wheat products under Goods and Services Tax regime.
Ram Gopal Yadav (7 years ago)

The Roller Flour Mills Federation of India has asked the govt to exempt wheat products from tax under the goods and services tax regime. Processing of wheat into flour and other products is an inevitable part of its consumption, and taxation of processed wheat based food products will put a burden on the basic staple of most people of the country. Govt has already exempted food grains such as wheat and rice from taxes under the GST regime. India produces an average of 90 MT wheat every year and consumption is pegged at 81-82 MT and of this flour millers process 20-30 MT. Roller Flour Mills Federation represents about 1,800 flour mills across the country which process wheat and produce products like maida, sooji, dalia etc.

NCDEX wheat up on expectations of import duty recovery.
Ram Gopal Yadav (7 years ago)

Futures contracts of wheat rise 1% on the NCDEX as traders expect the govt to soon impose import duty on wheat. Agriculture ministry is planning to impose import duty on wheat and the proposal is in final stage. Around 20,000 bags (1bag=100kg) of the grain arrived in Indore down from 5,000 bags.

Barley prices up in Jaipur on rise in demand.
Ram Gopal Yadav (7 years ago)

Prices of barley were up in Jaipur because of rise in demand from the malt industry, stockists and feed sector. Prices also rise due to lower supply. Arrivals of the new crop were pegged at 4,000 bags (1bag=85kg) compared with 6,000 bags. On the NCDEX, the most-active April contract of barley traded up 1%.