Farmers advised against distress sale of paddy in Kothagudem (Telangana).
Ram Gopal Yadav (9 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.

Japan offers to buy 117,689 tonnes food wheat via tender.
Ram Gopal Yadav (9 years ago)

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)

Prices of wheat fall in Indore on higher arrivals.
Ram Gopal Yadav (9 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 (9 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 (9 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 (9 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).