USDA arm pegs Thailand 2018-19 rice export down at 10.0 mln tn
Tur arrivals fall in Kalaburagi, Akola mkt shut
India Spot wheat prices gain on improved demand
Central Government sells cheaply pulses to states in, hassle free market
Tamil Nadu government will procure 4,625 tn of green gram at Rs 69.75/kg in Sept-Oct
Industry wants sugar price fixed at 36/kg.
Industry wants sugar price fixed at 36/kg.
Hike MSP of sugar, make 7 mn tonnes sugar exports mandatory.
Hike MSP of sugar, make 7 mn tonnes sugar exports mandatory.
US Soybean Crop Conditions Holding Steady Despite Heavy Rains
US Soybean Crop Conditions Holding Steady Despite Heavy Rains
NCML’s second advanced estimate for 2018-19 season
NCML’s second advanced estimate for 2018-19 season
Pest attack threatens yield, poses risk to Madhya Pradesh soy crop
Pest attack threatens yield, poses risk to Madhya Pradesh soy crop
FAO says India Jan-Aug avg export price of non-basmati rice up 7%.
FAO says India Jan-Aug avg export price of non-basmati rice up 7%.
Wheat prices are likely to be confined to a narrow range
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
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.
Madhya Pradesh to sell 18,000 tn poor quality pulses
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
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
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
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
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.
Moong acreage up 6.5% on year at 3.4 mln ha.
Area under moong crop across the country was at 3.37 mln ha, up 6.5% on year, largely due to a rise in acreage in Rajasthan and Karnataka. In Rajasthan, the largest grower, area under the crop jumped 22.0% on year to 1.91 mln ha. The rise in overall acreage this year is also due to the steep hike of 50% in the minimum support price for moong for 2018-19. In Karnataka, the area under moong cultivation rose 16.2% on year to 423,000 ha.
Urad acreage down 13% on year at 3.76 mln ha.
Farmers in the country have sown urad across 3.76 mln ha this kharif season down 12.8% on year. In Madhya Pradesh, the largest grower of urad, acreage was down 16.7% on year at 1.49 mln ha as farmers shifted to paddy and soybean in search for lucrative returns. For 2018-19 (Jul-Jun), the government has increased the minimum support price for paddy by up to 13% and for urad by 3.7%. Last year, many farmers opted for urad instead of soybean due to scattered rains and low realisations from the latter, which resulted in a jump in urad acreage.