Wheat up on increased offtake by flour mills.

Wheat prices firmed up by Rs 20 per quintal at the wholesale grains market due to increased offtake by flour mills. However, other grains held steady in thin trade. increased offtake by flour mills against restricted arrivals from producing regions mainly led to rise in wheat prices.

China to import Thailand rice under MoU.

A major rice importer in China has signed a Memorandum of Understanding (MoU) with Thailand. Under the agreement, a minimum of 10,000 tonnes of Thai Kor Khor 43 rice will be sold in China via both traditional and online platforms. The rice will be sold to the Chinese company at 12,000 THB per tonne. It is expected that up to 13,000 tonnes of Kor Khor 43 rice will have been harvested by the end of next month. The rice has a low sugar content compared to other rice strains and produces a pleasant scent when cooked.

The area under moong crop across the country down

The area under moong crop across the country was down 5.5% on year at 1.75 mln ha. In Rajasthan, the largest producer of moong, the acreage was down 25.2% on year at 873,100 ha. Sowing under the pulse has been lower this year due to erratic rainfall in key growing areas in the state.

The area under the tur crop across the country down

The area under the tur crop across the country down 2% on year at 2.2 mln ha. For the week ended Jul 4, the area under tur was down 20% on year. The recover in acreage in the week ended Wednesday was due to conducive rains. The acreage in key growing states Maharashtra, Madhya Pradesh, and Telangana increased, while that in Karnataka was lower. In Karnataka, the area under tur was down 22% on year at 553,000 ha.