Wheat prices rise in Indore, Rajkot as govt buys start.
Ram Gopal Yadav (9 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.

Japan to import 577 tonnes feed wheat via tender.
Ram Gopal Yadav (9 years ago)

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.

Madhya Pradesh sent 5,000 quintals of substandard wheat to Guna for BPL families under PDS.
Ram Gopal Yadav (9 years ago)

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)

Indian wheat imports to remain rapid, despite near-record crop hopes.
Ram Gopal Yadav (9 years ago)

Indian wheat imports will remain at the current elevated level next season, despite a near record harvest, with stocks depleted after years of production deficit. Indian wheat imports for 2017-18 at 5 million tonnes, unchanged from 2016-17, even though domestic production is seen jumping by 8 million tonnes. Indian wheat production is set to hit near record levels, of 95 million tonnes, increase in production is the result of record large sowings, of 31.8 million hectares. Import of wheat in the forecast year 2017-18 will continue to sustain the consumption demand, contain domestic prices and help government to augment the declining wheat stocks. (Source : Agrimoney )

Saudi Arabia tenders to buy 720,000 tonnes wheat.
Ram Gopal Yadav (9 years ago)

Saudi Arabia’s main state wheat buying agency, Saudi Grains Organization, has issued an international tender to purchase 720,000 tonnes of hard wheat. At least part of the purchase could be sourced in Germany and ship loadings have shown large shipments of German wheat moving to Saudi Arabia which seem to indicate parts of previous tenders were supplied with German wheat. But Poland has also emerged as a major exporter recently and so it is not easy to assess the likely origins which will be selected.

Rice prices in India and Vietnam advanced while Thailand prices dropped due to a weaker baht.
Ram Gopal Yadav (9 years ago)

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.
Ram Gopal Yadav (9 years ago)

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.

Barley prices in Jaipur at 1-week low on high supply.
Ram Gopal Yadav (9 years ago)

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.