Government caps import of urad, moong at 300,000 tonne per year

Ram Gopal Yadav (7 years ago)

Government has capped the import of urad and moong at 300,000 tonne per year, decision comes after traders urged the government to impose restrictions on import of the grains to ensure better prices for the domestic crop. Sowing of moong, however, has slowed down due to poor rains in the major growing states of Karnataka and Maharashtra. On Aug 5, the government had notified an import limit of 200,000 tonne per year for tur. It had also imposed an import duty of 10% on tur in March, which raised hopes of similar duties on import of urad and moong.

Moong, urad may soar 6-8% Wed on govt import curbs

Ram Gopal Yadav (7 years ago)

Prices of urad and moong are likely to soar 6-8% in key markets after the government decided to cap the import of the commodities at 300,000 tonne a year. The government’s decision to cap import on pulses was taken after traders sought restrictions on import to ensure better prices for the domestic crop.

Delhi chana up on rise in demand ahead of festivals

Ram Gopal Yadav (7 years ago)

Chana up due to demand from dal millers ahead of festivals, amid limited supplies. Though the arrivals are unchanged in Delhi, they are inadequate to meet the current demand. Arrivals of chana in Delhi were pegged at 525 tonne, unchanged from Saturday, while in Bikaner, it was 700 bags (1 bag =100 kg) up from 500 bags.

NCDEX to add Akola, Jaipur, Ashok Nagar as chana delivery centres

Ram Gopal Yadav (7 years ago)

The NCDEX Ltd add Akola, Jaipur and Ashok Nagar as additional delivery centres for chana futures expiring from December. New additional delivery centres were major producing and processing centres and would assist market participants at these locations to trade efficiently on the exchange. Exchange has also advised to take note of increase in position limit as notified on Aug 14 as per the SEBI.

US Soybean Conditions Improve Slightly.

Ram Gopal Yadav (7 years ago)

Recent rainfall in South Dakota is giving crops a major boost this week. The Crop Progress report issued by USDA-NASS shows soybean crops in the state had eight-point gains. Crop is now rated 42% good to excellent. But, gains discovered in South Dakota were lost in Illinois. Illinois soybean crop also declined. This week, 60% is good to excellent, down three points. Overall, the national soybean rating gained a point to 60% good-excellent.

Groundnut, mustard oils up on retailer demand.

Ram Gopal Yadav (7 years ago)

Prices of groundnut and mustard oils rose by up to Rs 100 per quintal at the wholesale oils and oilseeds market today largely on pick-up in demand from retailers. Castor oil, in the non-edible section, also traded higher on increased offtake by consuming industries. Besides uptick in demand from retailers, fall in arrivals from producing belts mainly led to the rise in groundnut and mustard oil prices.