Pakistan sends rice for drought-hit Sri Lanka.
Ram Gopal Yadav (9 years ago)

Pakistan will send 10,000 metric tonnes of rice to Sri Lanka which is facing its worst drought in four decades. The first shipment of the consignment will depart from Pakistan on March31 and reach Sri Lanka on 3rd April. Earlier, 25 metric tonnes of rice was airlifted to Colombo on February8 as immediate short term assistance.

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%.

Japan seeks to buy 120,000 tonne feed wheat via tender.
Ram Gopal Yadav (9 years ago)

Japan Ministry of Agriculture said it would buy 120,000 tonnes of feed wheat to be loaded by July31 and arrive in Japan by Sept. 29, via a simultaneous buy and sell auction that will be held on April5. The tender is usually conducted weekly, but the ministry skipped the tender this week due to an adjustment at the end of the fiscal year that will end on March31. Japan buys and sells its feed wheat via simultaneous buy and sell auction, in which end-users and importers specify the origin, price and quantity of grain, allowing millers to meet their varied needs for the feed grain.

CBOT wheat prices were pressured by weather factor.
Ram Gopal Yadav (9 years ago)

CBOT wheat prices declined (-3.44%). In the spot market, the supply price for US wheat (April delivery) lost USD 6. Despite the information on winter wheat conditions worsening in the largest producing states of the USA–Oklahoma and Kansas, the wheat futures continued to go down. The prices were pressured by a weather factor–a rain forecast in the regions of winter wheat production in the USA, which will refill soil moisture reserves.

Wheat up in spot market post import duty.
Ram Gopal Yadav (9 years ago)

Prices of wheat rise in major wholesale markets of the country after the govt levied 10% customs duty on import of wheat. Demand from bulk buyers was higher as the duty is expected to restrict imports, which will affect supply in the domestic market. The impact is likely to be offset by high arrivals of the new crop. In Kota, about 70,000 bags (1bag=100kg) arrive every day and supplies are likely to cross 100,000 bags in the next 15 days. Wheat prices also rise in Delhi. Prices remained unchanged in Indore market as arrivals were high and traders do not expect the import duty to have an immediate impact on supplies.

Barley down in Jaipur on low demand, rise in arrivals.
Ram Gopal Yadav (9 years ago)

Prices of barley fell down in Jaipur because of less demand from the malt industry, feed sector and stockists. Arrivals of the new crop were pegged at 180,000 bags (1bag=85kg) compared with 170,000 bags. On the NCDEX, the most-active April contract of barley traded down nearly 0.2%.

Japan seek to buy 200,000 tonnes barley via tender.
Ram Gopal Yadav (9 years ago)

Japan Ministry of Agriculture said it would buy 200,000 tonnes of feed barley to be loaded by July31 and arrive in Japan by Sept. 29, via a simultaneous buy and sell auction that will be held on April5. The tender is usually conducted weekly, but the ministry skipped the tender this week due to an adjustment at the end of the fiscal year that will end on March31. Japan buys and sells its barley via simultaneous buy and sell auction, in which end-users and importers specify the origin, price and quantity of grain, allowing millers to meet their varied needs for the feed grain.