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.

Rice basmati edges up due to increase in demand.
Ram Gopal Yadav (9 years ago)

Rice basmati prices firmed up at the wholesale grains market following pick-up in demand. Pick-up in demand from retailers against restricted supplies from producing regions, mainly led to the rise in rice basmati prices.

Philippine farm minister says likely no need to import 250,000 T of rice.
Ram Gopal Yadav (9 years ago)

Philippine farm minister expects a bumper rice harvest this planting season, potentially meaning there is no urgent need for the state grains buyer to import 250,000 tonnes of the staple food as planned. The National Food Authority has been looking to import 250,000 tonnes of rice, and wanted the cargo to arrive by end-April to boost thinning stocks ahead of the lean domestic harvest season beginning July.

Guyana cleared for paddy exports to Mexico.
Ram Gopal Yadav (9 years ago)

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.

India needs 120 million tonne rice by 2030.
Ram Gopal Yadav (9 years ago)

India will need to produce 120 million tonnes of rice in 2030 to feed its one and a half billion plus population using less land, less water, less manpower and optimising all agri input usages. Cultivable land areas are expected to shrink and there will be pressure on resources. Rice is the staple food for more than 60% of Indians. The current production is about 106 million tonnes. (Source: Times of India)

Barley exports down 23% from last year in Kazakhstan.
Ram Gopal Yadav (9 years ago)

Kazakhstan barley exports turned down in 2017 and 89.8 KMT of this commodity was shipped for export against 148 KMT 2016 (down almost 40%). Thus, Kazakhstan exported 27% less barley in the five months of the current season compared to the same period a year ago (445 KMT against 609 KMT in September-January 2015/16). Iran remains the top market for Kazakh barley with an export share reaching 90%. Shipments of Kazakhstan barley continue to the US market in which U.S. imported 18.5 KMT of barley from Kazakhstan that is almost twice as much as last season. In Kazakhstan, total barley harvest in net weight was 3.2 MMT in 2016, or 18.5% more than in 2015.

Low demand weighs on barley prices in Jaipur.
Ram Gopal Yadav (9 years ago)

Barley prices were down in Jaipur because of subdued demand from feed sector and stockists amid rising arrivals of the coarse grain. New crop arrivals of barley were estimated at 170,000 bags (1bag=85kg) compared with 150,000 bags. Supply of barley has been on a rise because new crop arrivals have gained pace. Barley inventories at warehouses more than doubled to 222 tonnes from 101 tonnes the previous day.