Futures contracts of coriander on the NCDEX extended gains and hit a 6-week high because of a likely decline in output in 2016-17 (Oct-Sep). The most active April contract on the NCDEX traded up 0.5%. Coriander output may be hit due to the late onset of winter followed by lower than normal temperatures in Rajasthan in mid-January and on expectation of above-normal temperatures later this month. Arrivals in Rajasthan were pegged at 45,000 bags (1bag=40kg) up 13,000 bags.
Govt considering imposing import duty on wheat (10%).
Govt considering imposing import duty on wheat (10%).
Govt considering imposing import duty on wheat (10%).
The govt is likely to impose import duty on wheat in order to protect farmers amid projections. (Source: News Media)
Three-year wheat holiday in 2 Bengal districts to check wheat blast.
Three-year wheat holiday in 2 Bengal districts to check wheat blast.
Farmers advised against distress sale of paddy in Kothagudem (Telangana).
Farmers advised against distress sale of paddy in Kothagudem (Telangana).
Farmers advised against distress sale of paddy in Kothagudem (Telangana).
Paddy farmers of establishing purchase centres within their reach and advised them against making a distress sale of paddy to the middlemen and reviewing arrangements for lifting paddy with officials of Civil Supplies department, rice millers, market committee secretaries. Civil Supplies officials to equip the paddy purchase centres with instruments that measure moisture content in paddy, scales. Rice millers to mill the paddy and supply fine rice to the social welfare hostels and government schools and 45 paddy purchase centres were being established in the district.
Police seize 8 quintals of illegally stocked rice for PDS Karimnagar(Telangana).
Police seize 8 quintals of illegally stocked rice for PDS Karimnagar(Telangana).
Police seize 8 quintals of illegally stocked rice for PDS Karimnagar(Telangana).
Eight quintals of rice meant for Public Distribution System which was stocked illegally, has been seized by police in a vehicle.
Japan offers to buy 117,689 tonnes food wheat via tender.
Japan offers to buy 117,689 tonnes food wheat via tender.
Japan offers to buy 117,689 tonnes food wheat via tender.
Japan is seeking to buy a total of 117,689 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender that will close late on March23. Japan keeps a tight grip on imports of the country most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month. (Source: Reuters)
U.S wheat fall to multi-week low.
U.S wheat fall to multi-week low.
U.S wheat fall to multi-week low.
U.S. wheat futures dropped to their lowest level in more than six weeks and their second straight day of declines as weather forecasts bolstered expectations for strong yields adding to already high supplies in the coming weeks. Good rains expected to build across much of the winter wheat belt over the next 10 days. CBOT May soft red winter wheat settled down 3-3/4 cents. Weather for U.S. winter crop is expected to improve and there is more downside for wheat prices.
Wheat arrivals rise in Indore, prices above MSP.
Wheat arrivals rise in Indore, prices above MSP.
Wheat arrivals rise in Indore, prices above MSP.
Wheat arrivals rise sharply in the benchmark market of Indore as farmers refrained from selling high quality produce to the govt. Around 25,000 bags (1bag=100kg) of the new crop arrived in Indore sharply up from 12,000-14,000 bags. Fresh crop arrivals rose as farmers brought quality crops to the market instead of selling it to the govt at a much lower MSP.
Higher temperatures may hit wheat crop in northwest.
Higher temperatures may hit wheat crop in northwest.
Higher temperatures may hit wheat crop in northwest.
The India Meteorological Department has forecast a 2-4 degree Celsius rise in maximum temperatures in north western and central India over the next three days. Higher temperatures in north western India could increase the susceptibility of the late sown wheat crop to wheat rust, fungal disease. Higher temperatures could be beneficial for the wheat grown in Madhya Pradesh as it would take the moisture out of the crop ready for harvest.
Lower supplies lift barley prices in Jaipur.
Lower supplies lift barley prices in Jaipur.
Lower supplies lift barley prices in Jaipur.
Barley prices rise in Jaipur due to lower supplies in the market coupled with higher demand from stockists and feed sector. Arrivals of the new crop were estimated at 6,000 bags (1bag=85kg) compared with 10,000. Barley arrivals fell in Rajasthan due to rains. Expectations of a rise in demand from malt industries due to onset of summer season also supported prices.
NCDEX barley up over 1% taking cues from spot markets.
NCDEX barley up over 1% taking cues from spot markets.
NCDEX barley up over 1% taking cues from spot markets.
Futures contracts of barley on the NCDEX were up over 1% tracking the spot market in Jaipur. The most active April contract on the NCDEX was up 1.73%. Prices in Jaipur rise due to lower supplies in the market as well as higher demand from stockists and the feed sector. Arrivals of the new crop were estimated at 6,000 bags (1bag=85kg), compared with 10,000 bags.