Wheat prices are likely to be confined to a narrow range
Ram Gopal Yadav (8 years ago)

Wheat prices are likely to be confined to a narrow range in the coming days as the government has huge inventory of the food grain in its central pool. The government had 40.9 mln tn of wheat inventory in its central pool as on Aug 1, higher from 30.1 mln tn on the same day last year. The government has also raised its estimate for wheat output in 2017-18 (Jul-Jun) to a record high 99.70 mln tn from 98.61 mln tn earlier.

India maize prices gain on improved demand
Ram Gopal Yadav (8 years ago)

Wholesale price of good quality maize in Bihar’s Purnea, a key market, rose 5-10 rupees 1,320 rupees per 100 kg. Good demand from starch and poultry industry along with less availability of good-quality crop in the wholesale markets supported prices. Stocks of good quality maize in Bihar the largest producer of maize in the rabi season are dwindling, because most was exported to Bangladesh in Apr-May.

Ukraine’s maize crop to top 30 mln t on record yield.
Ram Gopal Yadav (8 years ago)

Ukraine’s maize production will jump this year to just over 30 million tonnes, supported by record yields after crops benefitted from good growing weather. kraine, one of the world’s largest grain growers and exporters, is expected to produce 30.28 million tonnes of maize (corn) this year, up 23 percent from 24.67 million in 2017 and 12 percent above the average of the past five years. The bumper volume would reflect a projected record yield of 6.69 tonnes per hectare, up from 5.51 tonnes per hectare last year.

Madhya Pradesh to sell 18,000 tn poor quality pulses
Ram Gopal Yadav (8 years ago)

The Madhya Pradesh government will sell 18,000 tn poor and non-fair average quality of chana, masur, and mustard procured in May-Jun. The government is selling the commodity to pay farmers the minimum support price in full. The government was unable to pay the farmers as agencies procured some of the commodities which were of non-fair average quality and were also damaged. The government has, therefore, ordered to auction these pulses and oilseeds and release the pending dues to the farmers latest by Aug 27 into their bank accounts. The total quantity of chana, masur, and mustard procured by the government in 2018-19 is 1.97 mln tn.

NCDEX chana up as govt restricts peas imports
Ram Gopal Yadav (8 years ago)

Futures contracts of chana erased earlier losses and rose slightly on NCDEX as the government restricted import of peas. September contract chana on NCDEX was up 9 rupees at 3,900 rupees per 100 kg. Peas are largely used as substitute for chana. The chana contract had hit a seven-week low of 3,754 rupees. The government had lifted the 100,000-tn import cap on peas that was in place till Sep 30, following the order of Madras High Court. Chana prices in Delhi were up 50 rupees at 4,225 rupees per 100 kg, Vikas Gupta, local pulses trader said adding that if NAFED sells chana below 4,000 rupees it will create selling pressure.

Potato prices, arrivals flat in Delhi; Mumbai closed
Ram Gopal Yadav (8 years ago)

In Delhi, the benchmark market for potato, prices and arrivals remained unchanged. At Azadpur market in Delhi, prices were unchanged at 1,000-1,400 rupees per 100 kg, and arrivals were steady at 115 trucks, each carrying 15-20 tn of the vegetable. At Mumbai’s Vashi market, prices and arrivals were unavailable as the market was shut on account of Janmashtami.

Onion quoted tad lower in Delhi on rise in arrivals
Ram Gopal Yadav (8 years ago)

Prices of onion in the key markets of Delhi were slightly down due to an increase in arrivals. At Azadpur, the benchmark market in Delhi, onion was quoted at 550-600 rupees per 100 kg, down 10-20 rupees. Arrivals were pegged at 100 trucks, each carrying 15-20 tn of the vegetable. The key markets of Lasalgaon and Pimpalgaon in Maharashtra remained closed on account of Janmashtami.

Barley up in Jaipur on demand from poultry sector
Ram Gopal Yadav (8 years ago)

Despite concerns over quality, barley prices were up in Jaipur because of strong demand from poultry feed sector. In Jaipur, the benchmark market, the coarse grain was sold at 1,570 rupees per 100 kg, up 10 rupees. Very low supplies in the market and demand from stockists also supported the grain. Prices are likely to rise further as stocks held by farmers are nearly over and new crop arrivals are likely to commence only from March. Arrivals were estimated at 1-2 bags (1 bag = 85 kg), compared with 2-3 bags.