NCDEX barley up over 1% taking cues from spot markets.
Ram Gopal Yadav (10 years ago)

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.

NCDEX coriander hits 6 week high as arrivals decline.
Ram Gopal Yadav (10 years ago)

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.
Ram Gopal Yadav (10 years ago)

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).
Ram Gopal Yadav (10 years ago)

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.

Turkish buyers put Russia wheat deals on hold, despite denial of ban.
Ram Gopal Yadav (10 years ago)

Turkish buyers have put purchases of Russian agricultural products-mainly wheat, maize and sunflower oil on hold, despite denials from Ankara that it has effectively banned imports from Moscow. Import licenses issued by the Turkish govt no longer included Russia in a list of accepted tax-free origins and suggesting an import tariff of 130% could be applied to supplies from Russia.

Govt wheat procurement picks up about 72,955 tonnes bought.
Ram Gopal Yadav (10 years ago)

FCI has procured 72,955 tonnes of wheat from farmers in Madhya Pradesh, Gujarat, and Rajasthan. Procurement is highest in Madhya Pradesh at about 65,112 tonnes. Wheat purchase at Bhopal and Narmadapuram division of Madhya Pradesh started on March21. FCI aims to buy 8.5 million tonnes of wheat in Madhya Pradesh in 2017-18(Apr-Mar), compared with 4.0 million tonnes bought a year ago. In Gujarat, about 7,837 tonnes of wheat has been purchased from 5 procurement centres so far. Govt procurement in other states is likely to begin from April1. Centre has set a target of procuring 33 million tonnes of the food grain in 2017-18, up from 22.9 million tonnes purchased in the previous season.

Prices of wheat fall in Indore on higher arrivals.
Ram Gopal Yadav (10 years ago)

Prices of wheat fell in the benchmark market of Indore because of higher supply in markets. The poor-quality wheat, with high moisture content, traded at lower than the MSP. Around 14,000-15,000 bags (1bag=100kg) arrived in Indore up 2,000-3,000 bags from previous day. Govt procurement has started, but farmers are not selling the good quality crop to the government, as they can sell the same produce at a higher price in markets. FCI has procured about 65,112 tonnes of wheat in Indore.

Saudi confirms purchase of 25 cargoes of feed barley.
Ram Gopal Yadav (10 years ago)

Saudi Arabia completed negotiations with suppliers overnight for its tender to buy barley. The buying agency announced it had purchased just over 1.5 million tonnes of feed barley. And the contracts will specify optional origin- South America, EU, Black Sea and Australia. Australia shipment volume of barley in the 2016-17 marketing year was added by competitive pricing and reduced current year exports from EU, Argentina and Black Sea origins.

NCDEX barley up 1% tracking rise in spot market.
Ram Gopal Yadav (10 years ago)

Futures contract of barley on the NCDEX were up 1% taking cues from the key spot market in Jaipur. The most-active April contract of barley on the NCDEX was 1%. Prices of barley rise in Jaipur on expectations of a rise in demand from malt industries due to onset of summer season. Arrivals of the new crop were estimated at 10,000 bags (1bag=85kg) compared with 15,000 bags. Lower arrivals, coupled with the rising demand from feed sector also supported barley prices.

NCDEX coriander at 3% upper limit and rain may hit crop.
Ram Gopal Yadav (10 years ago)

Futures contracts of coriander on the NCDEX extended gains from Friday and hit the 3% upper circuit as untimely rainfall in the last two days in Rajasthan is likely to affect quality of the standing crop. The most-active April contract of coriander traded on the NCDEX, up 3%. Likely decline in coriander output in 2016-17 (Oct-Sep) is also seen contributing to the rise in prices. Arrivals of coriander in Kota were unchanged at 10,000 bags (1bag=40kg).