Govt approves chana procurement in Andhra Pradesh, Tamil Nadu

Ram Gopal Yadav (7 years ago)

The government has approved procurement of 100,000 tn chana in Andhra Pradesh and 3,000 tn from Tamil Nadu during the ongoing rabi season. The government will also purchase 32,000 tn moong from farmers in Andhra Pradesh. The minimum support price, at which the government procurement takes place, is 4,400 rupees per 100 kg for chana and 5,575 rupees per 100 kg for moong. The move comes in the wake of high domestic supplies due to a bumper pulses output in 2016-17 (Jul-Jun) and anticipation of a record high crop this year as well. Currently, black chana attracts a customs duty of 60% and imports of moong have been capped at 300,000 tn per year.

Brazil soy crop, exports revised up on strong yields, demand

Ram Gopal Yadav (7 years ago)

Brazil is expected to export a record 72 million tonnes of soybeans this year, up from 68 million tonnes last season as a drought damaged Argentina’s grains and China’s potential retaliation of U.S. protectionism caused Brazil soybean premiums to widen in relation to prices in Chicago. Farmers will produce almost 119 million tonnes of soybeans this season as yields grew in key regions and in spite of a lack of rains in the south, which damaged the crop in states like Rio Grande do Sul.

Indore Rising arrivals drag mustard

Ram Gopal Yadav (7 years ago)

Mustard seeds declined further to 3,950 a quintal (down 300 from last week) with further rise in arrival of new crop across the country. Plant deliveries of mustard seeds for Jaipur line were also lower at ?4,020-25 a quintal.