UP wheat farmers face a grim harvest this season.
Ram Gopal Yadav (10 years ago)

UP contributes almost a third to the country’s total wheat production, with an annual output of around 25-27 million tonnes. But the procurement target set by the Food Ministry for UP is just 3 million tonnes for this year. Arrivals about to start after a bumper wheat crop, farmers fear that wheat prices can fall unless procurement increases.

West Australian wheat farmers warned of lower price.
Ram Gopal Yadav (10 years ago)

An international grain forecasting expert has warned WA farmers they should not expect higher global wheat prices any time soon. Australian grain growers should watch the Australian dollar closely, as this would have the biggest bearing on their prices next season and beyond. Global wheat prices could decline to a seasonal low this year Record stocks of 546 million tonnes of major grains (wheat/corn/soybeans) meant the world was awash with grain and global plantings were at a record high. The global area harvested last year was 523 million hectares. A massive expansion in plantings in Ukraine, Russia, Brazil and Argentina, was contributing to the oversupply. Russia, the biggest importer of wheat was establishing itself as the world biggest exporter and had another 12 million hectares that could be cultivated.

Delhi wheat prices fall as new crop arrivals start.
Ram Gopal Yadav (10 years ago)

Prices of wheat fell in the key wholesale market of Delhi because of high supplies, as the new crop has started arriving from Madhya Pradesh. New crop has started coming to Delhi from Madhya Pradesh, though in small quantities. While traders are largely relying on the grain sold by the govt and arrivals from Madhya Pradesh are adding to the supply. Govt had last week sold 16,000 tonnes of wheat in Delhi through the open market sale tender.

Mexico offers zero tariff for rice import.
Ram Gopal Yadav (10 years ago)

Thailand is expected to export 10,000 tonnes of long-grain white rice to Mexico soon after receiving a free import tariff quota from the Mexican govt. Mexico recently allowed zero tariff for 150,000 tonnes of imported long-grain white rice from March 2 to Dec 31 this year, as its government seeks to lower the country’s food costs and meet higher demand. Apart from Thailand, the Mexico has also granted the zero tariff for long-grain white rice to Argentina, India, Italy, Uruguay, Vietnam and the US. The country’s import tariff for rice is normally set at 20%. Mexican government has set a maximum 10,000 tonnes per company to get free import tariff.

Rice basmati up on rising demand in New Delhi.
Ram Gopal Yadav (10 years ago)

Rice basmati prices firmed up in the wholesale grains market due to pick up in demand. Bajra and maize also traded higher on increased offtake by consuming industries. HIgh demand from retailers against restricted supplies from producing regions mainly led to the rise in rice basmati prices.

NCDEX coriander hits 1week high as output seen down.
Ram Gopal Yadav (10 years ago)

Futures contracts of coriander on the NCDEX extended gains and hit a one week high in anticipation of a decline in output in 2016-17 (Oct-Sep). The most-active April contract traded on the NCDEX up 1.1%.Coriander estimated output at 320,000 tonnes down 20% from 400,000 tonnes of previous year. Arrivals of coriander in Kota were pegged at 15,000 bags (1bag=40kg) up 5,000 bags.

Recent rains in north India boost hopes of record wheat production.
Ram Gopal Yadav (10 years ago)

Recent rains in north India are likely to benefit the wheat crop and improve its yield in most regions, while hail in isolated places in the North may hit the output of Chana and mustard. Rainfall is really good for the crop because after rainfall, temperatures have gone down which are very helpful for standing wheat crop and low temperatures are helping the grain-filling. Rains would benefit the late-sown wheat crop and improve the quality of the grain.

Wheat prices rise in Indore, Rajkot as govt buys start.
Ram Gopal Yadav (10 years ago)

Wheat prices rose in key wholesale markets of Madhya Pradesh and Gujarat as procurement by the government started and supplies in the market were low. Centre has asked Madhya Pradesh, Gujarat and Rajasthan to start procurement operations earlier than the usual date of April1 due to high supplies and weak prices. Govt purchases prices rise above the MSP in most of these markets. About 3,000-4,000 bags (1bag=100kg) arrived in the market down from 5,000-6,000 bags. In Rajkot, Gujarat, the grain was up from last days. Prices of the grain remained unchanged in Kota, Rajasthan.