NCDEX coriander hits 10 week high on strong demand.
Barley prices up in Jaipur as arrivals decline.
Barley prices up in Jaipur as arrivals decline.
China donates Over 12,000 Tonnes of Rice to Zimbabwe.
China donates Over 12,000 Tonnes of Rice to Zimbabwe.
Telangana Govt all set to start paddy procurement.
Telangana Govt all set to start paddy procurement.
India Wheat output to hit record high of 98 million tonnes despite soaring mercury.
India Wheat output to hit record high of 98 million tonnes despite soaring mercury.
Ukraine exported 5.5 MMT of wheat to Egypt.
Ukraine exported 5.5 MMT of wheat to Egypt.
Uttar Pradesh to pay 10 rupees/100 kg extra for wheat procurement.
Uttar Pradesh to pay 10 rupees/100 kg extra for wheat procurement.
Govt buys 950,000 tonne wheat in Madhya Pradesh.
Govt buys 950,000 tonne wheat in Madhya Pradesh.
NCDEX coriander hits 10 week high on strong demand.
Coriander contracts rise for the fourth consecutive week and hit a 10-week high on the NCDEX due to strong demand from domestic and overseas markets for the new crop. Arrivals at Kota were pegged at 8,000 bags (1bag=40kg), up 2,000 bags. On the NCDEX, the most-active April contract was up 1.3%.
Barley prices up in Jaipur as arrivals decline.
Barley prices were up in Jaipur, due to a decline in supply of the grain coupled with an increase in demand from stockists and feed sector. New crop arrivals of barley were estimated at 50,000 bags (1bag=85kg) compared with 90,000 bags. Supplies are lower because farmers are holding back their produce in the expectation of prices to rise in the coming days. A pickup in demand from malt companies following the onset of summer also supported barley prices. The most active April contract of barley traded up 1.3% from the previous close.
China donates Over 12,000 Tonnes of Rice to Zimbabwe.
China donates 12,173 tonnes of rice to Zimbabwe to assist vulnerable people that were affected by drought. Donated rice was expected to come in the country by June.
Telangana Govt all set to start paddy procurement.
All arrangements were made for procurement of paddy during Rabi season in the State to ensure minimum support price to farmers. Paddy procurement operations would commence from the next week. The arrangements for procurement of paddy in Rabi season stating that 3,076 paddy purchase centres were opened, during Rabi last year, the corporation procured 8.42 lakh MT of paddy through 1,288 purchase centres. Paddy purchase centres target of procurement of 37 lakh MT. Market arrivals of paddy will be 11.35 lakh MT in April 18.92 LMT in May and 7.57 LMT in June.
India Wheat output to hit record high of 98 million tonnes despite soaring mercury.
India wheat output will not suffer because of increased temperatures, as the crop nearing harvest in the top producing states of Punjab, Haryana and Uttar Pradesh has passed the stage which was vulnerable to the change in weather. The predicted production of the wheat this crop year to be an all-time high at 97-98 million tonnes, or even to touch 100 million mark, said Gyanendra Pratap Singh of the Directorate of Wheat Research at Karnal, Haryana. In Punjab and Haryana, average yields to be 48 quintals per hectare while in some places yields can go as high as 70 quintals per hectare. And the average yield in the country is 31 quintals.
Ukraine exported 5.5 MMT of wheat to Egypt.
In 2016, Ukraine exported 5.5 MMT of wheat and 841 KMT of oilseeds to Egypt that represented over 12% of Ukraine total exports of these crops. Egypt has recently decided to liberalize its phytosanitary requirements to grain imports. In particular, this concerns permissible levels of ergot and ambrosia seeds in cereal and pulse grains.
Uttar Pradesh to pay 10 rupees/100 kg extra for wheat procurement.
Uttar Pradesh will pay 10 rupees over and above the minimum support price for wheat procurement in the state. The incentive given to the farmers to pay labour to load and transport their produce to wheat procurement centres. To eliminate the role of middlemen in procurement operations, the state government will check farmers Aadhar cards and account books while making payments to them. Govt has opened 5,000 procurement centres across the state and govt is targeting to buy 8 million tonne wheat from farmers in the current marketing year against 7.97 million tonne purchased in the previous year.
Govt buys 950,000 tonne wheat in Madhya Pradesh.
Govt procured 950,000 tonne wheat in Madhya Pradesh so far in the current marketing year ending March. Govt is buying wheat from farmers at the minimum support price and will use it to build its stocks, and to ensure adequate returns to farmers. The procurement is expected to rise in next two to three days as many farmers believe it is auspicious to sell their crops after Navratri. Madhya Pradesh is expected to produce a record 21.0 million tonne wheat in 2016-17 (Jul-Jun), up from 18.4 million tonne a year ago. Wheat procurement has also begun in Punjab, Haryana, and Uttar Pradesh, and government so far purchased nearly 200 tonne of the grain from these states. Govt is targeting to buy 22 million tonne wheat from Punjab, Haryana and Uttar Pradesh in the current crop year ending June. Govt has set its wheat procurement target at 33 million tonne, up from 22.9 million tonne bought a year ago.