Farm secretary says late rains may boost rabi sowing

Ram Gopal Yadav (7 years ago)

Late rains in different parts of the country are likely to boost sowing of rabi crops. The country’s rabi production may also surpass last year’s level. India had produced 137.2 million metric tonne food grain in rabi season in 2016-17(Jul-Jun). However, late rains might have caused minor damages to kharif sown crops, which the government had factored in its first advance estimate. Farmers in the country are likely to harvest 134.67 million metric tonne of kharif food grain in the current crop year, down from a record 138.52 million metric tonne harvested in 2016-17.

MMTC to auction 1,633.5 metric tonne urad via NCDEX e-markets

Ram Gopal Yadav (7 years ago)

MMTC to offer 1,633.5 metric tonne of urad imported from Myanmar and 393 metric tonne of tur imported from Malawi, for auction through NCDEX e-markets. The pulses which are to be auctioned are stocked at the Central Warehousing Corp, and other godowns in Tamil Nadu and Maharashtra.

Soybean in Indore down as arrivals rise

Ram Gopal Yadav (7 years ago)

Soybean prices in Indore, Madhya Pradesh were down as arrivals of the oilseed in the state rose. Expectations of rise in the arrivals in the coming days are also seen weighing on the sentiment. The most active November soybean contract was slightly up 5 rupees from the previous close.

NCDEX mustard seed up on concern over lower acreage

Ram Gopal Yadav (7 years ago)

The November contract of mustard seed on NCDEX rose because of concern about lower area under the oilseed this rabi season. On NCDEX, the most-active November contract was up 24 rupees from previous close. Government has approved a 200-rupee per 100 kg hike in the minimum support price of mustard to 3,900 rupees per 100 kg. This created positive sentiments. However, gains are seen capped due to higher supply.

Gujarat farmers asked to prepare for mustard sowing

Ram Gopal Yadav (7 years ago)

IMD’s Agrimet division has advised farmers in Gujarat to prepare land for sowing of rabi mustard and fennel. It has asked growers to procure certified mustard seeds–Gujarat Mustard 1, 2, 3 or 4–for sowing. For sowing of rabi fennel, it has suggested certified seeds like Gujarat Fennel 2, 11, and 12.

Sugar Futures Advance on Bullish Brazil Report

Ram Gopal Yadav (7 years ago)

Sugar futures rose, buoyed by a supportive report from Brazil cane crush industry. Raw sugar futures for March delivery climbed 2.9% to settle at 14.28 cents a pound on the ICE Futures U.S. exchange. Brazilian sugar mills in the country’s center-south region produced slightly less sugar than expected in the first half of October, due to lower prices and wet weather during the period.