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%).
Three-year wheat holiday in 2 Bengal districts to check wheat blast.
Three-year wheat holiday in 2 Bengal districts to check wheat blast.
Flour millers seek tax exemption on wheat products under Goods and Services Tax regime.
Flour millers seek tax exemption on wheat products under Goods and Services Tax regime.
NCDEX wheat up on expectations of import duty recovery.
NCDEX wheat up on expectations of import duty recovery.
Barley prices up in Jaipur on rise in demand.
Barley prices up in Jaipur on rise in demand.
Govt to sell 8 million tonnes from rice stocks this year in Thailand.
Govt to sell 8 million tonnes from rice stocks this year in Thailand.
Farmers to dump rice for corn when quantitative restriction ends in Manila(Philippine).
Farmers to dump rice for corn when quantitative restriction ends in Manila(Philippine).
NCDEX coriander hits 6 week high as output may fall.
NCDEX coriander hits 6 week high as output may fall.
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.
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.
Barley soften on reduced offtake in India.
Prices of barley drifted lower at the wholesale grains market due to reduced offtake against high stocks position. Muted demand from consuming industries helped barley prices to end lower.
NCDEX coriander hits 6 week high as arrivals decline.
Futures contracts of coriander on the NCDEX hits 6 week high because of low arrivals at the benchmark market in Rajasthan. The most active April contract on the NCDEX traded up 0.33%. Arrivals in Rajasthan were pegged at 32,000 bags (1bag=40kg) down 18,000 bags. Likely decline in coriander output in 2016-17 (Oct-Sep) is also seen contributing to the rise in prices.
No damage from rains so far for coriander; concerns remain.
Unseasonal rains in Rajasthan over the last three days have not caused much damage to the coriander crop so far but likely spells of heavy rainfall in the key growing areas pose a threat. 30-40% of the mature coriander crop still standing and forecast of rainfall this month has kept growers and traders on edge about likely damage to the harvest. Coriander crop in some areas of Jodhpur and Barmer districts in the state may see some quality erosion in the form of discoloured grains though the production volume may remain unchanged. Rainfall in Rajasthan is likely to bring colour variations in the standing crop of Badami and Eagle varieties of coriander.
Farmers advised against distress sale of paddy in Kothagudem (Telangana).
Farmers advised against distress sale of paddy in Kothagudem (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).
Japan offers to buy 117,689 tonnes food wheat via tender.
Japan offers to buy 117,689 tonnes food wheat via tender.
U.S wheat fall to multi-week low.
U.S wheat fall to multi-week low.
Wheat arrivals rise in Indore, prices above MSP.
Wheat arrivals rise in Indore, prices above MSP.
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.