India coffee exports during Jan 1- Apr 19.

Ram Gopal Yadav (8 years ago)

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 tn. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.

NCDEX coriander down 1%; demand low, inventories up.

Ram Gopal Yadav (8 years ago)

Futures contracts of coriander on the NCDEX were trading 1% lower because of weak demand from domestic retailers. The fall in prices was also triggered by a 518 tonne rise in inventories at exchange-designated warehouses to 18,586 tonne. The most active May contract on the NCDEX traded down 1% from the previous close. In Kota, the benchmark market in Rajasthan, the Badami variety of coriander and the Eagle variety both unchanged from previous close. Arrivals were pegged at 6,000 bags (1bag=40 kg) down 2,000 bags from the previous day.

Dairy body to buy 1,500 tonne de-olied rice bran.

Ram Gopal Yadav (8 years ago)

The National Cooperative Dairy Federation of India buy 1,500 tonne de-oiled rice bran through a reverse electronic auction. The commodity, used as cattle feed, will be bought on behalf of Karnataka Milk 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

Johannesburg Maize forecast seen down slightly from previous.

Ram Gopal Yadav (8 years ago)

South Africa’s Crop Estimates Committee (CEC) is expected to slightly lower its summer maize forecast next week but a bumper harvest is still seen. The CEC, which gives its next forecast on Tuesday, is seen pegging the harvest at 14.175 million tonnes, about 1% lower than its previous estimate of 14.32 million tonnes. This would still be over 82% more than the 7.78 million tonnes reaped last year, when drought hit the crop, pushing up food prices and inflation. The range was 13.5 to 14.6 million tonnes. yields depressed slightly in parts of the country’s maize belt where plantings were late and recent rainfall has been scattered.

Wheat consumption in Jordan levels off as refugee influx ends.

Ram Gopal Yadav (8 years ago)

Wheat consumption in Jordan is forecast to remain virtually unchanged in the 2017-18 marketing year. At 1.32 million tonnes, the forecast for 2017-18 was up only marginally from 1.318 million tonnes during the 2016-17 marketing year. The flat forecast is in stark contrast to previous years, when Jordan experienced unprecedented growth in consumption due to the influx of Syrian refugees and a testing economic environment. Production of wheat is negligible in Jordan, with the country only turning out about 25,000 tonnes per year, a figure that is expected to remain unchanged in 2017-18. Wheat imports also are forecast flat, at 1.3 million tonnes.

U.S. wheat edges higher as dollar weakens.

Ram Gopal Yadav (8 years ago)

U.S. grain futures edged higher on previous close, boosted partly by a weaker dollar, although the scope for a significant rebound in prices appeared to be capped by ample supplies. Chicago Board of Trade wheat for May delivery was up 0.5 percent at $4.21-1/4 a bushel at 1034 GMT. The most active contract had dipped to a low of $4.17-1/2 on Wednesday, the lowest since March 31.the market remained weighed by abundant global supplies although the prospect of lower crops in the Black Sea region helped to underpin prices. Wheat crop in Russia was forecast to fall by 9 percent from last year to 66 million tonnes while a decline in production was also anticipated in Ukraine. Lower exports from Russia and Ukraine are likely to help reduce the supply glut witnessed in global grains market. May milling wheat was down by one euro or 0.6 percent at 163.50 euros a tonne.