Celeres is projecting total Brazilian production at 97.71 MMT, up from the drought depressed 73.89 MMT last year. The trade average is 94.23 MMT according to composite of several surveys. The average to 2017/18 corn ending stocks is 2.189 billion bushels, but the range is all over the place at 1.8 to 2.5 billion.
Dairy body to buy 600 tonne and 3,300 tonne maize via e-auction on 10 May.
The National Cooperative Dairy Federation of India buy 600 tonne tuesday and 3,300 tonne of maize through a reverse electronic auction on Wednesday. The commodity, used as cattle feed, will be bought on behalf of Rajasthan Cooperative Dairy Federation. The federation, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.
Maize down in Bihar.
Prices of maize fell in Bihar benchmark Purnea market as arrivals are at their peak. About 100,000 bags (1bag=100kg) of maize arrive in Purnea daily and arrivals are likely to continue till the end of this month. The coarse grain was selling down 20-25 rupees from previous close. Maize futures on the NCDEX also fell and the most active June contract ended down 0.8% from previous close.
Maize rabi futures fall on muted spot demand.
Maize rabi prices drifted lower by Rs 20 per quintal in futures trading after speculators shrank their holdings amid a weak trend at the physical markets on subdued demand. Tracking a weak trend at the spot markets on low demand from poultry feed makers, led to the fall in maize prices at futures trade. NCDEX maize for delivery this month dipped by 1.51 per cent per quintal, in an open interest of 170 lots. Maize for delivery for most-active June contracts fell by 0.76 per cent per quintal, having an open interest of 8,220 lots.
India Maize prices down on NCDEX.
Maize prices fell on the NCDEX, taking cues from losses in spot markets. The most active June contract ended down 0.1% from the previous close. Prices fell in spot markets due to subdued demand for the coarse grain from major poultry and starch feed firms. In Nizamabad, maize was sold down 10-15 rupees from previous close.
Bihar ups year to Jun maize output estimate to 1.7 million tonne.
Bihar has raised its output estimate for 2016-17 (Jul-Jun) to 1.72 million tonne from 1.66 million tonne. The state estimate for kharif maize output is 672,848 tonne, and that for the rabi crop is 1.05 million tonne. A nearly 4% upward revision in the state maize output estimate can be attributed to a rise in yield to 2,526 kg per ha from the earlier view of 2,286 kg.
Maize prices unchanged in Purnea markets in thin trade.
Prices of maize were unchanged in the wholesale markets of Purnea in Bihar and Devangere in Karnataka because of thin trade. Arrivals in Purnea were estimated at 3,000 vehicles, each carrying 8-9 tonne of the coarse grain. Arrivals were unchanged at 1,000 bags, each with 100 kg of the coarse grain. Traders say that prices of maize are unlikely to rise in the near term as arrivals in the market are adequate. The farm ministry has pegged India maize output at 26.15 million tonne in 2016-17 (Jul-Jun), up from 22.57 million tonne in the previous year.
Dairy body buys maize 30,000 tonne.
The National Cooperative Dairy Federation of India bought 30,000 tonne maize through an online auction. The commodity, which is used as cattle feed, was bought on behalf of the Karnataka Milk Federation. The federation, which has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy products.
Karnataka 3rd Adv estimate grains output up.
Kharif foodgrains output is expected to rise to 10.08 million tonne from 7.66 million tonne last year.
Bihar Purnea maize price up.
Maize futures contracts ended flat on the NCDEX amid lack of sufficient cues. Maize prices rose in wholesale markets of Bihar Purnea because demand improved after better quality crop started arriving in markets. In Purnea, the coarse grain was sold up 20 rupees from the previous day. Arrivals at the Gulabbagh mandi in Purnea, rose to 3,500 tonne up from 3,200 tonne. Better quality maize started arriving in markets as rains stopped because of which, demand is increasing. On the other hand, prices of maize fell in Nizamabad, Telangana, due to subdued demand for the coarse grain from major poultry and starch feed firms, In Nizamabad, maize was sold down 10-15 rupees from previous close.
Jun NCDEX maize hits 1-month low on cues from spot mkt.
The June contract of maize on the NCDEX hit a one-month low in early trade. The June contract was down 1.2% from the previous close. Subdued demand from major poultry and starch feed firms weighed on maize prices in spot markets. In the benchmark market of Nizamabad. Telangana, maize was sold down 10-15 rupees from previous close. Higher arrivals at major spot markets in Bihar also weighed on futures of the commodity. In Purnea, Bihar, the coarse grain was sold down 20 rupees from the previous day. Arrivals at the Gulabbagh mandi in Purnea were at 3,200 tonne up from 2,800 tonne on Tuesday.
Dairy body to buy 30,000 tonne maize via e-auction.
The National Cooperative Dairy Federation of India will buy 30,000 tonne of maize through a reverse electronic auction on Friday. The commodity, used as cattle feed, bought on behalf of Karnataka Milk Federation. The dairy body, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.
India 2016-17 rabi maize output seen at 7.9 millon tonne, up 14.7%.
India rabi maize output in 2016-17 (Oct-Sep) is seen rising 14.7% on year to 7.9 million tonne. Acreage under the coarse grain has risen 11.7% on year to 2.1 million hactare in 2016-17, with gains in Bihar. Andhra Pradesh and Maharashtra because of good water availability in these states. In Tamil Nadu, however, area under the crop declined because of prolonged drought conditions. The brokerage has pegged average yields at 3.9 tonne per ha, up 5.4% on year. Output in Bihar, the largest producer of rabi maize producer, is seen at 2.8 million tonne compared with 2.4 million tonne a year ago. Despite a rise in output, export demand for maize is expected to remain largely unchanged at 500,400 tonne. In 2015-16, India exported 500,600 tonne of maize.
Maize prices down in Purnea as arrivals rise.
Prices of maize fell in the key wholesale market of Purnea in Bihar as arrivals picked up. In the Gulab Bagh market of Purnea, the coarse grain was sold down 10-15 rupees from Previous close. Arrivals at the mandi were estimated at 3,000 tonne, up from 2,600 tn. Higher arrivals of maize owing to a record production of maize this year is keeping the sentiments bearish for the rabi crop. Farm ministry has pegged India maize output at 26.15 million tonne in 2016-17 (Jul-Jun), up from 22.57 million tonne a year ago.
NCDEX Jun maize down on profit booking, spot cues.
The June contract of maize on the NCDEX fell as investors booked profits after prices rose. the June contract was trading down 1.7% from the previous close. Prices had risen due to firm demand in spot markets amid lower supplies. Maize prices also tracked losses in wholesale markets. In Bihar key Purnea market, the coarse grain was sold down 10-15 rupees from the previous day, Maize prices in Telangana benchmark market of Nizamabad, however, rose amid a decline in supplies and firm demand from the poultry feed sector. Arrivals of the coarse grain more than halved in Nizamabad today to 600 bags (1bag=100kg).
Chhattisgarh aims 472,500 tonne maize crop 2017-18, up 19%.
The state farm department has set maize output target at 472,500 tonne up 18.6% on year.
Prices of maize fell in Bihar Purnea market.
Prices of maize fell in Bihar Purnea market due to easing of concerns over crop damage due to rainfall. Rainfall at the start of the week had triggered fears of crop damage and also hit arrivals but now the arrivals have increase and weather has also cleared. Around 2,000 bags of maize arrived in the market today, up 500 bags. On the NCDEX, the most active June maize contract ended down as arrivals across the country are rising. The contract ended down 2% from previous close. Maize arrivals across the country are expected to rise in the coming days and are likely to create a bearish sentiment in the market
Maize falls over 2% on NCDEX as arrivals rise.
Futures of maize fell over 2% as arrivals of the rabi crop rose in the major markets across the country. The most active May maize contract down 2.5% from the previous close. Farm ministry has pegged India maize output at 26.15 million tonne in 2016-17 (Jul-Jun), up from 22.57 million tonne a year ago. Arrivals are expected to be on the rise till May 15, which is likely to keep prices subdued in the days ahead.
IGC ups 2017-18 global maize output raised to 1.026 billion tonne.
The forecast for global maize output in 2017-18 has been raised to 1.026 billion tonne from 1.024 billion estimated in March. The projection is lower than 1.059 billion tonne produced in 2016-17, Maize output is expected to be lower due to a sharp cut likely in the US and China crop, Maize production in the US in 2017-18 is likely to be at 360 million tonne, down from 384.8 million tonne a year ago, production is seen higher in another producers Argentina, Brazil, South Africa, and Ukraine. The estimate for carryover stocks of maize has been raised to 207 million tonne from 205 million tonne forecast in March.
Dairy body to buy 750 tonne maize via e-auction.
The National Cooperative Dairy Federation of India buy 750 tonne of maize through a reverse electronic auction on Friday. The commodity, used as cattle feed, be bought on behalf of Kerala Cooperative Milk Marketing Federation Ltd. The dairy body, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.