Mexico offers zero tariff for rice import.
Japan to import 577 tonnes feed wheat via tender.
Japan would import 577 tonnes of feed-quality wheat for livestock use, via a simultaneous buy and sell (SBS) auction. Ministry had sought 120,000 tonnes of feed wheat to be loaded by June 30 and arrive in Japan by Aug. 31 in the tender.
Rice basmati up on rising demand in New Delhi.
Rice basmati up on rising demand in New Delhi.
Madhya Pradesh sent 5,000 quintals of substandard wheat to Guna for BPL families under PDS.
Over 5,000 quintals of substandard wheat mixed with stone, sand grit and mud has been sent to Guna in Madhya Pradesh for distribution among below poverty line (BPL) families through the public distribution system. This wheat is not worth human consumption as pests have also infested it and wheat has been sent to Guna from Jabalpur which stored in a government warehouse. (Source: India today)
NCDEX coriander hits 1week high as output seen down.
NCDEX coriander hits 1week high as output seen down.
Debut for Black Sea wheat derivatives contract.
Agricultural traders and investors are looking for the debut of a new derivative product that will allow them to bet on the benchmark price of Black Sea wheat. Russia became the leading exporter of wheat last year. Russia, Kazakhstan and Ukraine, collectively known as the Black Sea region among grain traders which accounted for just under a third of global wheat exports in the 2015-16 crop season. Grain brokers have started to offer over the counter Black Sea derivative contracts based on the Russian wheat benchmark shipped out of the Novorossiysk port. The first derivative deal based on Black Sea wheat prices from S&P Global Platts, the commodities pricing agency was traded last week.
Barley down in Jaipur on supply surge on weak demand
Prices of barley fell in Jaipur because of a surge in arrivals and less demand from feed sector and stockists. Arrivals of the new crop were estimated at 15,000 bags (1bag=85kg) compared with 5,000 bags. Demand from malt industries was less due to high moisture content in the new arrivals, which weighed on barley prices. On the NCDEX the most-active April contract of barley was down 0.5%.
Rice prices in India and Vietnam advanced while Thailand prices dropped due to a weaker baht.
In India, the world’s biggest rice exporter, 5% broken parboiled rice prices rise as demand improved from African buyers. Competition between exporters and local buyers is keeping paddy prices firm. Along with private buyers, govt agencies are actively buying paddy for the public distribution system, pushing prices up above the MSP. Country’s rice production in 2016/17 is likely to rise by 4.3 percent to a record high 108.86 million tonnes. In Vietnam, the world’s third largest rice exporter, 5% broken rice prices rise on thin supply near a new harvest season. Prices in Vietnam now are higher than other countries, keeping foreign importers from buying. Vietnam’s market was quiet but will be more lively once the harvest season starts by the end of this month. The harvest season will significantly raise supply, which in turn will ease prices.Thailand benchmark 5% broken rice narrowed to free-on-board, Bangkok. It was due to the Thailand baht weakening against the U.S. dollar. Thailand sold 1.35 million tonnes of rice from state stockpiles in its first auction of the year. There will be another auction for 3.66 million tonnes of spoiled rice for industrial use. Thailand has exported about 2 million tonnes of rice this year, down 2.05% from the same period last year. (Source : Times of India )
Romania/Barley exports were two times lower y/y.
Romania/Barley exports were two times lower y/y.
Barley prices in Jaipur at 1-week low on high supply.
Barley prices in Jaipur at 1-week low on high supply.
NCDEX coriander up on bargain buying, low arrivals.
NCDEX coriander up on bargain buying, low arrivals.
Wheat open market tender average price falls in Delhi.
Wheat open market tender average price falls in Delhi.
Wheat prices fall in spot, futures as supplies increase.
Wheat prices fall in spot, futures as supplies increase.
Hailstorm damages wheat, mustard in Bhiwani.
Hailstorm damages wheat, mustard in Bhiwani.
Indian wheat imports to remain rapid, despite near-record crop hopes.
Indian wheat imports to remain rapid, despite near-record crop hopes.
Romania/Barley exports were two times lower y/y.
In Dec 2016 Romania exported 47 KMT of barley compared to the record shipments for this month observed in December 2015– 130 KMT and almost all December volume was shipped to Israel– 25.5 KMT and Syria– 13 KMT. Thus, the beginning of 2016/17 (July-December) Romania exported 722 KMT of barley, which was almost two times lower than over the same period last season (1401 KMT) due to the lower demand from key importers. Shipments decreased in all key export destinations. Saudi Arabia, Libya, Jordan and Tunisia lowered purchases, while shipments to Israel, Spain, Vietnam and Syria increased last season.
Saudi Arabia tenders to buy 720,000 tonnes wheat.
Saudi Arabia tenders to buy 720,000 tonnes wheat.
Barley prices in Jaipur at 1-week low on high supply.
Barley prices in Jaipur hit a one-week low as arrivals of the new crop increased and demand from stockists and the feed industry was lacklustre. Arrivals of the new crop estimated at 7,000 bags (1bag=85kg) compared with 5,000 bags. Limited purchases from the malt industry also weighed on prices.
Rice prices in India and Vietnam advanced while Thailand prices dropped due to a weaker baht.
Rice prices in India and Vietnam advanced while Thailand prices dropped due to a weaker baht.
NCDEX coriander up on bargain buying, low arrivals.
Futures contracts of coriander on the NCDEX rise as investors bought the commodity after prices hit a one-week low. Coriander futures also gained because arrivals in Rajasthan spot markets almost halved to 25,000 bags (1bag=40 kg) compared with 47,000 bags. Most active April contract of coriander on the NCDEX was up 0.4% from the previous close.