Latest Report on Coriander Daily | Coriander Daily 20180502.pdf
Latest Report on Barley Daily | Barley_Daily 20180502.pdf
Latest Report on Barley Daily | Barley_Daily 20180502.pdf
Latest Report on Rice | Rice Daily 20180502.pdf
Latest Report on Rice | Rice Daily 20180502.pdf
Dairy body to buy 3,000 tn de-oiled rice bran.
The National Cooperative Dairy Federation of India will buy 3,000 tn of de-oiled rice bran and 1,000 tn of maize through an e-auction on May 9. The commodities will be bought on behalf of The Erode District Cooperative Milk Producers’ Union Ltd. The National Cooperative Dairy Federation, which has about 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.
Egypt’s local wheat buying surges in first two weeks of harvest
Egypt, the world’s largest wheat importer, has so far bought 1.4 million tonnes of the grain from farmers in its harvest, procuring more than a third of its target in the first two weeks. The government is looking to buy about 4 million tonnes of wheat from farmers this harvest, which ends in July. Egypt expects to buy an additional 7 million tonnes of the grain from abroad during the 2018-19 financial year that begins in July. It uses the wheat to supply a sprawling bread subsidy system relied on by tens of millions of people.
Asia grains-Indonesian mill buys 60000 tn of black sea wheat for aug shipment.
A flour mill in Indonesia last week bought up to 60,000 tonnes of wheat from the Black Sea region for August shipment. The deal was signed at around $220-$222 a tonne, including cost and freight (C&F).
Punjab, Haryana wheat procurement nearly 195 lakh tonnes.
WheatProcurementof nearly 195 lakh tonnes has been made in FoodGrain StatesPunjaband Haryanathis season. In Punjab, the WheatProcurementwas nearly 116 lakh tonnes till April 30 (Monday) as compared to 110.24 tonnes procured in the same period last year. Over 115.23 lakh tonnes (99.6 percent) has been procured by government agencies. In Haryana, over 79 lakh tonnes of Wheathas been procured so far this season.
FCI Wheat purchases top 27 mt as arrivals pick up.
As market arrivals increase, Government agencies such as the Food Corporation of India (FCI) have stepped up the procurement of wheat. Total purchases of the cereal, so far in the 2018-19 marketing season, have exceeded 27 million tonnes (mt), about 12.5 per cent higher than in the corresponding period last year. The Centre is targeting a procurement of 32 mt in the current year, higher than last year’s 30.82 mt.
Wheat prices steady in Kota despite higher arrivals.
Prices of wheat in the key wholesale market of Kota were unchanged despite a rise in arrivals, owing to the ongoing procurement by the government. So far, the government has purchased 952,296 tn of wheat in Rajasthan, up from 708,610 tn in the year-ago period.
Corn futures closed session with most contracts 4 to 5 cents higher
Corn futures closed session with most contracts 4 to 5 cents higher. The monthly Grain Crush report from the USDA showed that 472.912 mbu of corn was used for ethanol production in March. That is 9.1% larger than March and 2.72% above last year. NASS reported that IA and NE planting progress improved to 17% complete, lagging their respective averages of 27% and 24%. In other parts of the Corn Belt, IL was at 32%, with IN at 8% and OH at 1% planted, all well below the average pace. NASS also showed just 3% of the crop emerged, with none of the major Corn Belt states showing progress.
Philippines SMC seeks 50,000 mt corn for late May/June loading.
Philippines conglomerate SMC is tendering for 50,000 mt of corn to be delivered to its Golden Bay grain terminal in Batangas, with the tender set to close on Friday.
Maize prices dn in Purnea, near-term outlook bearish
Prices of maize fell in Purnea, Bihar, because arrivals rose. Prices of feed-quality maize remained unchanged at 1,100-1,110 rupees. Arrivals of the coarse grain rose. Arrivals are seen rising in the coming days as harvest is in full swing.
NCDEX coriander at 6-mo low on high imports.
Futures contracts of coriander extended Friday’s loss and hit a six-month low of 4,686 rupees a 100 kg on NCDEX today on reports of continuous imports from Ukraine and other countries. On NCDEX, the most-active May contract was at 4,711 rupees per 100 kg, down 1.8% from previous close. Record-high carryover stocks in India also added to the losses. The prices fell despite lower supplies.
Lag in US spring sowings grows by more than 1.6m acres in a week.
US farmers, tackling a late start to spring, have fallen even further behind on sowings, with the lag expanding by a further 1.6m acres last week, although an improved weather outlook is raising hopes for playing catch-up. Farmers seeded a little over 27m acres of the 219m acres they intended to plant with 10 major spring crops, such as corn, cotton, soybeans and spring wheat. However, a small lag, equivalent to 270,000 acres, opened up in cotton too, while the delay in oat plantings expanded, in percentage terms, to 25 points, equivalent to nearly 700,000 acres in area.
Drought reducing soybean output in Uruguay
Due to the recent devastating drought, soybean production in Uruguay is forecast to drop to 1.7 million tonnes in 2017-18. This is a drop of 43% compared to the USDA’s original estimate of 3 million tonnes. Soybean crush for 2017-18 is revised down to 60,000 tonnes — a 20% decline from the previous crop year due to lower soybean supplies. The USDA forecasts a recovery for both soybean production and crush in 2018-19. It predicts output of 3 million tonnes and crush at 80,000 tonnes, which is a return to pre-drought historical levels.
Russia sunseed inventories in Russia fell to 0.9 MMT
Russian growers held 1629.1 KMT of oilseeds as of April 1, 2018 that is 64 KMT (3.8%) less than at the same time last year (1693.1 KMT). Oilseed inventories reduced by 491.3 KMT in March. Farmer sunseed stocks totaled 871 KMT – down 186.7 KMT (17.6%) from the same time last year (1057.7 KMT). Sunseed inventories reduced by 344 KMT in March.
NCDEX soybean down around 1% on low demand for meal
Soybean contracts on NCDEX fell about 1% because of lower export demand for soymeal. The most-active May contract was down 0.8%.
Mustard seed at 2-wk low in Jaipur on high arrivals
Prices of mustard seed hit a two-week low in Jaipur, Rajasthan, due to a rise in arrivals amid lacklustre demand from domestic oil millers and stockists. Prices of mustard seed hit a two-week low in Jaipur, Rajasthan, due to a rise in arrivals amid lacklustre demand from domestic oil millers and stockists.