Latest Report on Wheat Daily | Wheat_Daily 20170703.pdf
Latest Report on Coriander Daily | Coriander Daily 20170703.pdf
Latest Report on Coriander Daily | Coriander Daily 20170703.pdf
Latest Report on Soybean Weekly | Soybean Weekly 20170703.pdf
Latest Report on Soybean Weekly | Soybean Weekly 20170703.pdf
Latest Report on Rice | Rice Daily 20170703.pdf
Latest Report on Rice | Rice Daily 20170703.pdf
Latest Report on Rapeseed Weekly | Rapeseed Weekly 20170703.pdf
Latest Report on Rapeseed Weekly | Rapeseed Weekly 20170703.pdf
Bajra acreage up 49% on year on good monsoon progress.
India Bajra acreage was up 49% on year at 1.261 million hectares due to good progress of monsoon rains across major growing regions.
India coffee exports during Jan 1- Jun 29.
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.
Global cocoa and arabica coffee prices seen rising.
The global prices of cocoa, and arabica coffee are expected to rise in the near term. In the coming year, cocoa prices are likely to recover moderately due to higher demand. Prices had slumped earlier due to higher production in Brazil. The prospect of another deficit on the coffee market should support its prices. The 2017-18 coffee harvest in Brazil started in April. It is taking longer to dry the beans due to excessive rain.
MCX cotton up on global cues, low spot arrivals.
Futures contracts of cotton were up on the MCX due to a rise in cotton futures on ICE and lower arrivals in spot markets. On MCX, the July contract of cotton was at 20,010 rupees per bale (1 bale = 170 kg), up 0.5% from the previous close, while the most active December contract on ICE was at 67.3 cents per pound, up 0.1%.
Cotton Outlook raises year to Jul global output, demand projections.
UK-based Cotton Outlook has raised its forecast for global cotton output in 2017-18 (Aug-Jul) to 24.72 million tonne from 24.49 million tonne projected in May. Output in the coming season is projected to be higher mainly due to increased crop in Brazil and Turkey. The agency has also increased its estimates for global cotton consumption during the year, to 24.55 million tonne from 24.45 million tonne in the previous month. Consequently, global stock levels are now expected to rise to 173,000 tonne, compared with a forecast of 44,000 tonne in May.
NCDEX cotton oilcake up tracking gains in spot market.
Futures contracts of cottonseed oilcake traded higher on the NCDEX today tracking gains in spot prices. The most-active August contract traded up 1% at 1,649 rupees per 100 kg on the NCDEX. Bargain buying after prices declined to a 20-month low in recent sessions also pushed prices higher. Cottonseed oilcake, a derivative of cotton, is used as animal feed. In the benchmark market of Akola, Maharashtra, the commodity traded at 1,650 rupees per 100 kg, up 10 rupees from previous close. The overall sentiment for the commodity, however, remained bearish due to sluggish demand and sufficient supply.
All-India cotton arrivals down at 17,500 bales.
Around 17,500 bales (1 bale = 170 kg) of cotton arrived in the major spot markets across the country Thursday, compared with 19,000 bales Wednesday.
NCDEX coriander down 2% on profit booking; spot shut
Futures contracts of coriander on the NCDEX were down 2% as investors continued to book profits for the second day after prices hit a four-week high of 5,310 rupees per 100 kg. A 2,180-tn decline in open interest in the July contract to 24,220 tonne indicated profit booking. The July contract was at 5,050 rupees per 100 kg on the NCDEX, down 2% from the previous close. Prices at spot markets in Rajasthan were unavailable today, as the market was shut due to a strike called by traders to protest the implementation of the goods and services tax.
Buying rice in Indonesia is over double the international standard price.
Buying rice in Indonesia is over double the international standard price, despite the country being a major rice producer. Last year, Indonesia rice price was around US$1 per kilogram, while the international standard had it around US$0.4 per kilogram. As of March, this year, FAO recorded the average price of rice per kilogram in Indonesia at around US$0.79. This is one of the highest figures around the region, with other ASEAN members paying far less — Cambodia pays US$0.42 per kg, Thailand pays US$0.33 per kg, Vietonneam pays US$0.31 and just US$0.28 per kg in Myanmar. Limited space is also a factor contributing to high prices, with growers in Indonesia harvesting on average 0.3 hectares compared to two hectares in Vietonneam or Thailand.
India Paddy crops lost due to flooding after rain in haryana & Punjab.
Rains have left thousands of acres of agricultural land inundated, causing extensive damage to cotton, paddy and vegetables in several villages of Hisar, Bhiwani and adjoining districts. Despite best efforts by farmers to try and stop water inundating their fields, an overflowing Sirhind canal Kurd distributary has caused waterlogging in over 15,000 acres of farm land in nine villages of Barnala district. Around 5,000 acres in villages of Hisar, Bhiwani and adjoining districts of haryana.
Zambia clinches $100 million maize export deals.
ZAMBIA has signed grain export trade deals for 400,000 metric tonnes worth US$100 million with Eastern Africa.
India maize price declined.
Prices of wheat and rice were down in spot markets ahead of the rollout of goods and services tax at midnight. Rice buyers are cautious of the impact it would have on market demand. The new tax regime does away with value added tax, sales tax and inter-state movement tax on wheat but imposes 5% tax on branded flour and branded rice.
US Wheat jumps 4 percent to highest in nearly two years.
U.S. wheat prices jumped 4 percent to hit their highest in nearly two years as forecasts for continued dry weather in key U.S. growing regions stoked fears over possible production losses. The most active wheat futures on the Chicago Board of Trade had risen 4 percent to $5.47-1/4 a bushel, the highest since July 20, 2015.
Russian wheat prices continued to grow last week due to strong demand and concerns on 2017 crop.
Price growth persisted in Russia new-crop wheat market last week. In Novorossiysk port, export prices for Russian milling wheat closed the week up another $2-3/MT at $185‑187/MT FOB for 12.5%-protein wheat and $177‑180/MT FOB for 11.5%-protein wheat.
Global rally may turn up the heat on domestic wheat prices.
The recent rally in prices of wheat in the global market has caught the Indian market by surprise. Market players, who were banking on cheaper imports to meet demand in the lean arrival season, would now have to turn to the domestic market to source wheat and that could effectively push up wheat prices by about 200 rupees per 100 kg over the next couple of months. Wheat prices usually start ascending by Jul-Aug as arrivals come to a grinding halt and government winds up procurement operations. The government offer price under the open market sale scheme usually acts as a benchmark for wheat prices during the lean season.