Latest Report on Wheat Daily | Wheat_Daily 20170428.pdf
Latest Report on Maize Daily | Maize_Daily 20170428.pdf
Latest Report on Maize Daily | Maize_Daily 20170428.pdf
Latest Report on Rice | Rice Daily 20170428.pdf
Latest Report on Rice | Rice Daily 20170428.pdf
MCX mentha oil down over 1% on hope of better crop.
MCX mentha oil down over 1% on hope of better crop.
Soybean hits 2-week low as oil millers buys decline.
Soybean hits 2-week low as oil millers buys decline.
NCDEX mustard down as output seen up and stocks increasing.
NCDEX mustard down as output seen up and stocks increasing.
Maharashtra to rope in state cooperatives to buy 0.1 million tonne more tur.
Maharashtra to rope in state cooperatives to buy 0.1 million tonne more tur.
Demand from mills lifts tur in Akola and Gulbarga unchanged.
Demand from mills lifts tur in Akola and Gulbarga unchanged.
USDA arm expects Myanmar 2017 pulses output to rise 2% to 5.2 million tonne.
USDA arm expects Myanmar 2017 pulses output to rise 2% to 5.2 million tonne.
National Seeds Corp aims 20% more certified pulses seed supply FY18.
National Seeds Corp aims 20% more certified pulses seed supply FY18.
Barley prices at 1-month low in Jaipur on muted demand.
Barley prices at 1-month low in Jaipur on muted demand.
Rabobank trims ICE raw sugar price view for April-June
Rabobank trims ICE raw sugar price view for April-June
Brazilian sugar exports to rise to record levels.
Brazilian sugar exports to rise to record levels.
Centre-South Brazil 2017-18 sugar output seen falling to 35.2 million tonne.
Centre-South Brazil 2017-18 sugar output seen falling to 35.2 million tonne.
NCDEX sugar at 4-week low ahead of import allocations.
NCDEX sugar at 4-week low ahead of import allocations.
Directorate General of Foreign Trade allots 60% of 0.5 million tonne duty-free raw sugar import quota to south.
Directorate General of Foreign Trade allots 60% of 0.5 million tonne duty-free raw sugar import quota to south.
Rabobank sees ICE arabica coffee higher in long term.
Benchmark contracts of arabica coffee on ICE are expected to rise in the long term, due to a likely fall in production in Brazil, world largest coffee grower. The most active July contract of arabica coffee on ICE was at 130.4 cents per pound, down 0.3% from previous close. Lack of adequate rainfall in Brazil main coffee growing areas may hamper growth of coffee beans and lead to a drop-in production in 2018, Futures of arabica coffee have been under pressure due to speculative selling due to lack of major cues and no major movement in currencies,
India coffee exports during Jan 1- Apr 26.
The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
Rabobank sees ICE cotton declining in long term.
Rabobank expects cotton futures on the Intercontinental Exchange to decline in the long term due to expectations of a rise in the area under the crop globally in 2017-18. the July cotton contract on ICE is trading at 79.17 cents a pound, down 0.3 cents. prices are anticipated to come under pressures as excellent global prices incentivise area expansion, global cotton acreage is expected to rise 4% in 2017-18 led by the US, China India, and Pakistan. The market expects 2017-18 US cotton acreage to be in the range of 11-12 million acres, while Rabobank sees it at 11.3 million acres.
MCX cotton down on profit booking, likely output rise.
Futures contracts of cotton on the MCX fell after rising in the previous session as traders booked profits, the most active May contract of cotton was at 21,000 rupees per bale (1bale=170kg), down 0.6% from the previous close. likely higher output in 2016-17 (Oct-Sep) has also kept sentiment bearish, Cotton output in Punjab, among the largest producers in the country, is likely to rise a whopping 220% on year to 1.26 million bales in 2016-17, while in Haryana, output is seen up 106% on year at 2.04 million bales, according to the third advance estimates from the farm departments of the two states. IMD has forecast the Jun-Sep southwest monsoon to be normal at 96% of the long-period average, adding to the expectations of higher production of cotton and weighing on sentiment.