Peas prices are estimated at $220-$250 per tn in 2018-19 while masur prices are seen at $420-$450 per tn. Prices of peas and masur in Canada are, however, seen down from last year. In 2017-18, peas prices were at $265 per tn and masur were at $475 per tn. Peas prices are forecast to be lower from the previous year because of higher supplies and lower exports. Supply of peas is estimated at 4.1 mln tn and exports are seen at 2.8 mln tn. Despite a fall in the masur output, prices are likely to fall this year due to expectation of higher supply.
Canada 2018-19 chana prices seen dn 23% from Jul view on high supply
Canada’s farm agency has said the average domestic prices of chana for 2018-19 is likely to be at $475-$505 per tn, down 23% from July estimate. In its August report, Agriculture and Agri-Food of Canada said the prices are likely to fall because of an expectation of a rise in supply. Chana or chickpeas output in Canada in 2018-19 is estimated higher at 335,000 tn compared with 92,000 tn in the previous year.
The agency has retained masur and peas prices of the previous forecast
Peas prices are estimated at $220-$250 per tn in 2018-19 while masur prices are seen at $420-$450 per tn. Prices of peas and masur in Canada are, however, seen down from last year. In 2017-18, peas prices were at $265 per tn and masur were at $475 per tn. Peas prices are forecast to be lower from the previous year because of higher supplies and lower exports. Supply of peas is estimated at 4.1 mln tn and exports are seen at 2.8 mln tn. Despite a fall in the masur output, prices are likely to fall this year due to expectation of higher supply.
Rice acreage in Telangana up 42% on year, cotton down
Area under rice in Telangana, one of the key producers in the country, increased on year due to a sharp rise in minimum support price to 1,750 rupees per 100 kg from 1,550 rupees. Rice acreage in the state in 2018-19 (Jul-Jun) was at 700,849 ha, up nearly 42% on year. Area under moong, however, dropped to 70,546 ha, down 18.8% on year, despite a rise in support price, but soybean acreage was 5.6% higher at 170,405 ha. However, area under cotton declined 3.9% on year to 1.7 mln ha due to the pink bollworm attack that created havoc in north India two years ago, and in Maharashtra and Telangana in the current cotton year that ends September. Acreage of turmeric increased to 46,217 ha, up 4.1% on year. Total sowing in Telangana in the ongoing kharif season touched 3.6 mln ha, again 3.4 mln ha a year ago.
NCDEX barley down on subdued demand from malt sector.
Futures contracts of barley fell on the NCDEX due to subdued demand from the malt industry following concerns over quality of the domestic stocks. On NCDEX, the most active September contract was down 0.9% at 1,640 rupees per 100 kg. Talks of imports of the grain from Argentina is also creating bearishness in the market.
India Apr-Jun pulses export up 115% on year at 100,982 tn.
Export of pulses from the country jumped over two-fold on year to 100,982 tn in Apr-Jun primarily due to improved demand from overseas buyers. Improved demand from the neighboring countries particularly Bangladesh is likely to have led to the surge in the export of the pulses. Guar gum exports were down 6.8% on year to 134,790 tn in the first three months of the current financial year due to a fall in demand.
Fall in arrivals lift mustard seed prices in Jaipur
Prices of mustard seed in Jaipur rose due to a decline in arrivals and improved demand from oil millers and crushers. In the benchmark market of Jaipur, mustard seed was sold at 4,350-4,375 rupees per 100 kg, up 20-25 rupees. Arrivals of mustard seed in Rajasthan were estimated at 70,000 bags (1 bag = 85 kg) today, down 10,000 bags. Limited sale of mustard seed by government agencies in the local market also led to positive sentiment.
Demand seen returning to Russian wheat at $225/mt
Deep sea port Russian 12.5% protein wheat market participants expect buyers to return to the market at $225/mt as market prices fall in an attempt to tempt buyers back. Destination demand has slowed considerably in the last few weeks as buyers balked at surging costs, preferring to dip into their stockpiles. The softer fundamentals were also reflected by S&P Global Platts 12.5% protein wheat assessment. Prompt-loading was assessed at $228.25/mt, down $6 on the week but still clinging onto its 41-month high.
Bangladesh to increase wheat imports 10% in 2018/19
Bangladesh will import around 6.5 million mt of wheat in the next marketing year.
US Wheat harvest starts, yields could be record-setting
The wheat harvest has started and it could be a record year for North Dakota farmers. Rain in June, the heat in July and warm weather recently are contributing to a great yield. It’s allowing farmers to get out into the fields and start harvesting the more than 7 million acres of wheat planted this spring.
Ukraine exported a total of 959,960 tonnes of wheat in July
Asian and Middle East countries were the leading buyers of Ukrainian wheat in July, the first month of the new 2018/19 season. Ukraine is among the world’s major wheat exporters and sold a total of 17.2 million tonnes of wheat abroad in the previous 2017/18 season. n July, Ukraine exported a total of 959,960 tonnes of wheat. The data showed that Ukraine exported 103,973 tonnes of wheat to Israel, the leading importer of Ukrainian wheat last month. It also exported 90,650 tonnes of wheat to Philippines, 74,957 tonnes to Egypt and 63,070 to Italy.
Wheat fell in price USD 249.76/MT C&F in Egypt tender
Egypt purchased 420 KMT of milling wheat from Russia & Romania to be delivered on September 21 – 30 and October 1-10, 2018 at an average price of USD 249.76/MT C&F. The price in the previous tender equaled USD 253.31/MT C&F.
Jordan continues buying streak as it picks up more wheat
Jordan’s state grains buyer JSSGC continued its three-week wheat buying spree as it picked up 60,000 mt of milling wheat.
Wheat futures ended session with most contracts 9 to 13 cents lower, with MPLS the weakest
Rains over the last 24-hours are helping to build up soil moisture ahead of winter wheat planting. Estimates are running 200,000-500,000 MT for 18/19 all wheat export sales in the week that ended on August 9. US SRW FOB prices are now below Russia, though they do benefit from cheaper freight prices into the eastern Mediterranean.
Haryana makes straw management system mandatory for harvesting paddy
Haryana Pollution Control Board has made it mandatory for farmers in the state to attach ‘super straw management system’ with their combine harvesters while harvesting paddy. The attachment of the straw management system with the self-propelled combine harvesters in the state would contain the “cause of air pollution arising from the burning of paddy straws by the farmers in open field. Typically, farmers in Punjab and Haryana use only combine harvesters for kharif paddy, which leaves stubble over a foot high. Harvesting this stubble manually is labour-intensive and time-consuming, leading farmers to resort to burning the residue. Burning of stubble from the harvested crop leads to severe smog in parts of north India, especially Delhi
India Rice central pool stock up from last month.
India’s rice stocks in the central pool as on Aug- 1, 2018 stood at around 24.94 million tons up by 5.23% from23.70 million tons recorded during the corresponding period last year, according to data from the Food Corporation of India (FCI). India’s rice stocks in the central pool are up by 5.23% by from 23.25 million tons recorded on July-01, 2018. Highest stock could be seen in the state of Punjab (80.61 lakh tons) followed by Andhra Pradesh (19.58 lakh tons) and Haryana (17.16 lakh tons) and Uttar Pradesh (14.48 Lakh Tons). The higheststock recorded of 339.6lakh tons recordedin Feb-2018.
Turkey imposes up to 140% tax on rice from US
Turkey took its boldest steps yet to try to ward off a financial crisis by making it harder for traders to bet against the battered lira and easing rules on restructuring troubled loans that have already topped $20 billion. Turkey imposing taxes of ranging from 50 to 140% on rice, alcohol and cars from the U.S.
79,180 hectares of agri-land damaged due to Vietnam flash floods
The recent floods in Vietnam have impacted large areas of agricultural land and cost the agriculture sector around 127 billion kips. The exact areas of crop damage are yet to be accessed by the authorities concerned who are waiting for the water levels to recede. The floods struck almost about 79,180 hectares of wet season rice and expected to damage at least 23,400 hectares. The Khammuan province experienced the worst water levels with damage estimated to about 45 percent of the total 80,773 hectares of rice planted followed by Savannakhet province with a damage expectation of around 14 percent of the total 196,275 hectares and Champassak province with 9 percent of the total 106,563 hectares. Pests and landslides too contributed to the destruction of the paddy.
Barley prices up in Jaipur on negligible supplies.
Prices of barley rose in Jaipur due to negligible supplies of the grain in the market, and owing to improved demand from domestic stockists and poultry feed sectors. In the benchmark market of Jaipur, barley was sold at 1,440 rupees per 100 kg, up 30 rupees. Arrivals were estimated at 5-10 bags (1 bag = 85 kg), as compared to 200-300 bags. Arrivals have slumped as farmers have liquidated most of their stocks. Subdued demand from malt industries following concern over quality of the domestic stocks capped gains in prices.
Chana prices up in Delhi on demand from dal millers.
Chana prices in Delhi rose because of improved demand from dal millers. In Delhi, the benchmark market, chana was sold at 4,450 rupees per 100 kg, up 20-25 rupees. Arrivals of chana in Delhi were unchanged at 750 tn. Expectation of higher export demand from Bangladesh and Dubai are seen supporting prices. September contract of chana on NCDEX was up 48 rupees at 4,379 rupees per 100 kg.