Bulgaria keeps reducing barley acreage

Ram Gopal Yadav (7 years ago)

Similar to other Black Sea countries, spring planting in Bulgaria lags far behind last year due to its delayed start. So, as of March 29, 2018, corn for grain had been sown on 0.5 Th ha versus 14.3 Th ha by the same date in 2017. Spring barley was planted on an area of 0.3 Th ha (2.3 Th ha in 2017). Feed pea plantings already reach 4.3 Th ha (20.0 Th ha) with those of oats totaling 1.1 Th ha (5.4 Th ha).

Source says 85,000 tn Argentina barley arrived at Mundra port on Sat

Ram Gopal Yadav (7 years ago)

About 85,000 tn of barley from Argentina arrived at the Mundra Port in Gujarat. The commodity has been contracted at $215 a tn, on cost-and-freight basis. Of the 85,000 tn barley, about 40,000 tn has been bought by Gurugram-based The Malt Co (India) Pvt Ltd, 20,000 tn by Haryana-based Barmalt Malting India Ltd, and the rest by SABMiller India. This is the second shipment of the grain and a total of 145,000 tn has been imported from Argentina since January. Traders estimate that barley output in 2017-18 (Jul-Jun) is likely to be at 1.0-1.1 mln tn, compared with 1.6 mln tn in 2016-17

NCDEX chana down as warehouse stocks rise

Ram Gopal Yadav (7 years ago)

Futures contracts of chana fell on NCDEX due to higher stocks in NCDEX-accredited warehouses. Traders were also cautious after licenses of eight traders were cancelled for buying chana below minimum support price. The most-active May contract was down 1.54%.

Madhya Pradesh aims to buy 2.1 mln tn chana, 7.5 mln wheat at MSP

Ram Gopal Yadav (7 years ago)

Madhya Pradesh aims to procure 2.1 mln tn chana and 7.5 mln tn wheat at minimum support price. Most states are procuring chana to jack up prices, which have remained below the support price of 4,400 rupees per 100 kg amid bumper output in the last few months. The target for wheat procurement has been increased from the earlier estimate of 6.7 mln tn due to a similar revision in output of the grain.

Global nonGM soybean demand to rise, driven by EU: Rabobank

Ram Gopal Yadav (7 years ago)

Demand for ‘specialised’ beans, such as organic, certified or plain non-GM beans, are expected to rise as consumers want to verify the sustainability of food production and to be able to track its origin. The biggest increase in demand is coming out of the EU which will, in the long-term, rely heavily on imports of non-GM beans, especially if less rapeseed meal could be sourced due to increased demand for biofuels. About 350 million mt of soybeans are traded annually, but just 14% are not genetically modified (GM), as major producing countries in the America’s use up to 95% of genetically modified seed.

Romanian rapeseed exports to hit a high in MY 2017/18

Ram Gopal Yadav (7 years ago)

Romania exported 1.2 MMT of rapeseed in July-February 2017/18 through ports that is 12.7% more than the total shipped abroad last record season. The upward trend is observed despite this season’s keen competition from Ukraine. The top importer – Belgium – purchased 470 KMT of rapeseed in July-February 2017/18 against 525.7 KMT at the same time last season, importing this commodity from Ukraine at a record pace.

Malaysia CPO dn tracking overnight fall in CBOT soy

Ram Gopal Yadav (7 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives were slightly down tracking overnight weakness in soyoil contracts on CBOT. The most-active June futures were down 7 ringgits to 2,424 ringgits (40,800 rupees) per tn.

Soybean prices down in Indore on weak demand

Ram Gopal Yadav (7 years ago)

Prices of soybean fell in Indore, Madhya Pradesh, due to subdued demand from crushers. Arrivals in Madhya Pradesh and Maharashtra remained unchanged. The most active May soybean contracts on the NCDEX was down 0.77%.

NCDEX mustard down on limited buying from crushers

Ram Gopal Yadav (7 years ago)

Mustard futures on the NCDEX fell due to limited demand from crushers. The May mustard contract was down 0.8%. For 2017-18, India’s mustard seed output is estimated at 7.54 mln tn, compared with 7.92 mln tn in the preceding year.

Egypt issued a tender to purchase vegoils

Ram Gopal Yadav (7 years ago)

Egypt’s state buyer GASC has issued a tender to purchase 10 KMT of sunflower oil and 30 KMT of soybean oil. The soybean oil is to be delivered between 1-15 June, 2018, the sunflower oil – between 15-30 June, 2018.