Latest Report on Wheat Daily | Wheat_Daily 20180719.pdf
Latest Report on Pulses Daily | Pulses_Daily 20180719.pdf
Latest Report on Pulses Daily | Pulses_Daily 20180719.pdf
Latest Report on Veg Daily | Vegetable Daily 20180719.pdf
Latest Report on Veg Daily | Vegetable Daily 20180719.pdf
Latest Report on Barley Daily | Barley_Daily 20180719.pdf
Latest Report on Barley Daily | Barley_Daily 20180719.pdf
Latest Report on Rice | Rice Daily 20180719.pdf
Latest Report on Rice | Rice Daily 20180719.pdf
European wheat rises on rally in Chicago.
European wheat rose to its highest in more than a week, supported by a rally in Chicago and a lack of sellers amid uncertainty about the European harvest. December milling wheat, the most active position on Paris-based Euronext, unofficially closed up 3 euros, or 1.6 percent, at 189 euros ($220.36), its highest since July 6. Lack of selling interest, amid uncertainty over the size and quality of Europe’s harvest, continued to support French prices. The continuing French wheat harvest had reached northerly zones as a hot, dry spell favoured field work.
Delhi chana up on improved demand from millers.
Price of chana in Delhi rose due to improved demand from dal millers amid low arrivals. In Delhi, the benchmark market, chana was sold 50 rupees higher at 4,650 rupees per 100 kg. Arrivals of chana in Delhi were unchanged at 300 tn, but were less than the daily average of 525-600 tn. In Akola, prices were unchanged at 4,300 rupees per 100 kg. The August contract of chana on NCDEX fell 1.07% to 4,332 rupees per 100 kg.
Tur down in Kalaburagi on weak demand, steady in Akola.
Prices of tur fell in Kalaburagi due to weak demand from dal millers. In Kalaburagi, prices were at 3,700-3,900 rupees, down by 25 rupees. Arrivals were steady at 3,000 bags. In Akola, tur was sold steady at 4,000-4,050 rupees per 100 kg and arrivals were also unchanged at 1,000-1,200 bags.
Source says 11,000 tn urad from Myanmar reaches Chennai, Mumbai.
About 11,000 tn of urad have arrived at Indian ports from Myanmar in a span of two-three days. The price of the pulse is in the range of $440-$470 per tn on cost and freight basis for the superior quality while the fair-average quality costs $330-$380 per tn. Of the total 11,000 tn imported in the last two-three days, 3,600 tn has landed at Mumbai’s Nhava Sheva port and the remaining at the Chennai port.
Source says Centre plans to distribute 2 kg pulses/family under PDS.
The Centre plans to distribute 2 kg of pulses per household under the public distribution system. The government is planning to provide pulses to the beneficiaries under the public distribution system in a bid to dispose buffer stock.
Agrimet warns of paddy blast disease in Madhya Pradesh.
IMD’s Agrimet has warned that present weather conditions in Madhya Pradesh are highly favourable for incidence of blast disease in paddy. Blast and brown spot on the paddy leaves indicate attack of blast disease, which needs to be addressed at earliest to avoid any damage. Farmers have been advised to keep an eye and spray pesticides if the infestation is spotted after spells of rain. Sowing of paddy in Madhya Pradesh, one of the largest growers, was at 869,000 ha, up 35% on year.
NCDEX barley down on profit booking post 15-month high.
The most active August contract of barley was down on the NCDEX due to profit booking after prices hit a 15-month high of 1,602 rupees per 100 kg. On the NCDEX, the August contract was at 1,591 rupees per 100 kg, down 0.2%. A fall in prices of the grain in the benchmark spot market of Jaipur, also weighed on the contracts. Prices of barley were down in Jaipur due to weak demand from malt industries following concern over the quality of domestic stocks.
Chana prices increasing as demand for Besan in monsoon.
The prices of gram are continuing steadily due to lower stock prices in the market. For the past one month, the price of gram has risen about Rs 1,000. The demand for gram flour is rising due to increased demand for gram flour in the monsoon. After the increase in gram, the market price has more than the minimum support price. The MSP government has fixed Rs 4,400 per quintal for the Rabi season of gram in the crop year 2017-18. The demand of consumers is increasing in demand due to increase in prices of vegetables. The demand for mills remained, whereas the pipeline is empty because the government agencies have a large stock of gram.
Vegetable prices shoot up due to monsoon.
Prices of vegetables are set to burn a hole in your pocket as the monsoon season is leading to a hike in wholesale rates. Tomatoes are the worst hit as the local supply has run dry. The price shot up from Rs 10-20 per kg to Rs 30-40 as tomatoes are being brought from Himachal, Uttarakhand and Bangalore. The wholesale rates varies from Rs 30-40 per kg. Due to the rains, the supply often gets disrupted. The prices are likely to rise with monsoon season. In the retail market, a kilogram of tomato can cost Rs 35-60 depending on the variety. However, prices of onions are rising slowly. The wholesale rate for onion was recorded as Rs 25-35 per kg, which has increased by Rs 5 per kg in last one month. Supply of onions is not much interrupted. Mostly the onions are being brought from Maharashtra and Rajasthan.The Maharashtra onions, which comes from Nasik, is the costlier one due to the quality and distance.
Mumbai Tomato shoots to Rs 48 per kg leaving consumers bitter.
Adding weight to the burden of food inflation, the retail price of tomato has been steadily climbing over the last two weeks. The fruit is now selling for Rs 40-48 per kg in parts of the city. “There is no dearth of good quality tomatoes that would point to a shortage. The fruit is large, red and juicy. It is difficult to see why the cost has increased from the average Rs 15-18 to Rs 40-45. Wholesale prices range from Rs 8 for average produce to Rs 20-25 for best quality tomatoes. The crop shortage in Narayangaon is responsible for this. Milking the situation, retailers are charging double the wholesale price claiming losses due to spoilage by rain. Tomato sold for Rs 40 in Lokhandwala Complex, Andheri, and JN Road, Mulund, and Rs 48 in Breach Candy, Matunga and Chembur. At Churchway in Borivli’s IC Colony, the price was Rs 50.
Onion exporters to get 5% incentive under MEIS.
In a bid to boost onion export, the Centre has decided to give 5% benefit of Merchandise Exports from India Scheme (MEIS) to onion exporters. The scheme has come into effect from July 13 and will continue till January 12, 2019, says a notification issued by the Directorate General of Foreign Trade. Farmers, traders and the agriculture Produce Market Committee (APMC) at Lasalgaon had been demanding the incentive for onion exports. The Maharashtra State Agriculture Marketing Board had also sent a proposal to the Centre around two months ago, seeking 5% incentive for onion export to stop drop in onion prices. “The move will benefit onion exporters. The maximum onion export from the country is from Nashik district. Hence, it will benefit onion exporters in our district in a big way. It will also help stabilise onion prices, which will help the farmers.