Japan offers to buy 117,689 tonnes food wheat via tender.
Ram Gopal Yadav (8 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)

U.S wheat fall to multi-week low.
Ram Gopal Yadav (8 years ago)

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.
Ram Gopal Yadav (8 years ago)

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.
Ram Gopal Yadav (8 years ago)

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.
Ram Gopal Yadav (8 years ago)

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.
Ram Gopal Yadav (8 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.

Dairy body to buy 150 tonnes de-oiled rice bran.
Ram Gopal Yadav (8 years ago)

National Cooperative Dairy Federation of India will buy 150 tonnes of de-oiled rice bran and 50 tonnes of maize through a reverse electronic auction. De-oiled rice bran and maize are used as feed for cattle. The purchases would be made on behalf of Indian Immunological. The national federation which has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stocks and sell dairy products.

Rice export behind target, to focus on quality in Myanmar.
Ram Gopal Yadav (8 years ago)

The rise of the US dollar value in currency exchange markets is leading to an increase in rice export volumes when compared to the previous financial year. Myanmar rice export has risen by about 25,000 tonnes compared to the export volume in the fiscal year 2015-16, he said. This year’s rice export is likely to go up to nearly 1.5 million tonnes.