Barley in Jaipur over 2-yr low as new crop supply up

Prices of barley in Jaipur, the benchmark market in Rajasthan, hit an over two-year low down 25 rupees, due to rising arrivals of the new crop. Subdued demand from malt industries and domestic stockists, also weighed on barley prices. The demand for domestic barley is subdued, because stockists have already procured imported barley.

Chana up in Delhi on low arrivals, export incentive

Prices of chana rose slightly in the benchmark market of Delhi due to lower supplies and on improved sentiment after the government announced export incentive. A 7% duty credit incentive on export of desi chana for a period of three months, effective Wednesday, was announced. This is aimed at disposing off huge stocks of chana, thus lifting prices of the commodity.

Odisha imports wheat, cereals to meet needs

Odisha has been importing wheat, cereals, edible oils and potato from other States for long to meet people’s day-to-day needs. Odisha imported 5.12 lakh MT of wheat against annual need of 5.19 lakh MT and 64.48 lakh metric tonne of cereals against annual need of 73.46 lakh MT in 2017-18. Similarly, it imported 0.17 lakh metric tonne of edible oil and 9.51 lakh metric tonne of potato against annual needs of 2.45 lakh MT and 12.53 lakh metric tonne respectively. The Minister informed that Odisha imports wheat mostly from Uttar Pradesh, Madhya Pradesh and Bihar and pulses from Maharashtra and Chhattisgarh. Similarly, edible oil is procured from Rajasthan, Gujarat, Andhra Pradesh and Uttar Pradesh.

Russia increased wheat bran export by 4% in first half 2017/18

Russia increased wheat bran exports by 4.4% in the first half of MY 2017/18 against the same time a year ago, to 462.3 KMT. Russian wheat bran exports dropped to 99.6 KMT in December 2017/18. This was down 5.1% on the month and 21.1% less than in December 2016/17 (126.3 KMT).