NCDEX coriander hits 7-week high as output may fall.
Effect on Barley prices in Rajasthan due to rains in last days.
Effect on Barley prices in Rajasthan due to rains in last days.
Ukraine barley exports currently up 18% year-on-year.
Ukraine barley exports currently up 18% year-on-year.
Rain and hail flatten ripe crops in Rajasthan.
Rain and hail flatten ripe crops in Rajasthan.
Asia Rice-Thailand rice prices firm on stronger baht but dip in Vietnam and India.
Asia Rice-Thailand rice prices firm on stronger baht but dip in Vietnam and India.
Non-basmati rice edges up on increased demand in India.
Non-basmati rice edges up on increased demand in India.
Bharatiya Kisan Union calls for imposing duty on imported wheat to safeguard interests of farmers.
Bharatiya Kisan Union calls for imposing duty on imported wheat to safeguard interests of farmers.
NCDEX wheat ends up as traders fear import duty recovery.
NCDEX wheat ends up as traders fear import duty recovery.
NCDEX coriander hits 7-week high as output may fall.
Futures contracts of coriander on the NCDEX extended gains and hit a 7-week high because of increased demand and lower crop forecasts for 2016-17 (Oct-Sep). Coriander output is estimated at around 320,000 tonnes in 2016-17, down 20% from 400,000 tonnes last year. The most-active April contract on the NCDEX traded up 1.6% from previous close. Arrivals in Kota were pegged at 10,000 bags (1bag=40kg) down from 2,000 bags.
Effect on Barley prices in Rajasthan due to rains in last days.
Rains and hailstorms in Rajasthan damage the barley crop due to which there is changes in the crop quality and high moisture content in fresh crop reduce the supply and prices increases in the market due to high demand.
Ukraine barley exports currently up 18% year-on-year.
About 200 KMT of barley was shipped abroad that month which is 8.4 times more than 24 KMT of Feb,2016. Ukraine exported 4670 KMT of barley in July-February of the current season which is 18% more than in the same period in 2015/16 (3964 KMT). Ukrainian barley shipments to the market of Libya also continue expanding and this share in Ukraine barley exports have already reached 19%. Deliveries to Israel increased to 143 KMT that is 65% more than exported there for the entire last season. Exports of Ukrainian barley to Lebanon market hit six times high as much as purchased for the entire marketing year of 2015/16.
Rain and hail flatten ripe crops in Rajasthan.
Heavy rain and hailstones damaged Rabi crops of wheat, barley, cumin, mustard, gram and potato as well as vegetable farms in the countryside that feed Delhi and all major urban centres in western and northern states.
Asia Rice-Thailand rice prices firm on stronger baht but dip in Vietnam and India.
Rice prices firmed in Thailand on a stronger baht while prices dipped in Vietnam and India. Thailand sold 3.6 million tonnes of rice abroad between the start of the year and March21 which is up 2.7% from the same period last year. In India, 5% broken parboiled rice fell due to amid less demand. In Vietnam, 5% broken rice fell as supply increased during the main harvest season. Global demand is not so strong as Thailand is still selling their inventor. Vietnam rice shipments fell 26.5% last year to 4.8 million tonnes, while exports of the grain in the first two months of 2017 decreased 23.5% year on year to 738,000 tonnes.
Non-basmati rice edges up on increased demand in India.
Non-basmati rice prices firmed up at the wholesale grains market due to increased demand from retailers. Increased demand from retailers against restricted supplies from producing regions mainly helped non-basmati rice prices to trade higher.
Bharatiya Kisan Union calls for imposing duty on imported wheat to safeguard interests of farmers.
Bharatiya Kisan Union has urged the Union govt to impose at least 25% custom duty on the import of wheat to safeguard the interests of Punjab farmers. The import of wheat was subject to 10% custom duty which was later withdrawn by the govt. Wheat crop in Punjab was about to arrive in mandis in the next few days and the price of imported wheat needs to be made uneconomical so that the entire wheat crop in Punjab could be procured by the govt agencies at MSP.
NCDEX wheat ends up as traders fear import duty recovery.
Wheat futures contracts ended higher on the NCDEX as traders anticipate prices to rise if the govt recovers import duty on the food grain. The most active April wheat contract on the NCDEX up 0.6% from previous close. Govt has started buying wheat from farmers in Madhya Pradesh, Rajasthan and Gujarat at a MSP. In Madhya Pradesh benchmark Indore market, wheat prices fell due to a rise in supplies. About 25,000 bags (1bag=100kg) of wheat arrived in the market up from 20,000 bags.