Canada agency lowers 2018-19 masur, peas output view as acreage down.

Ram Gopal Yadav (6 years ago)

Canada’s farm agency has lowered its estimates for the output of masur and peas in 2018-19 (Aug-Jul) because of a fall in the area under the crops in the country. Production of masur in 2018-19 to fall to 2.38 mln tn compared with 2.5 mln tn, estimated in its June report. Area harvested under masur has been revised lower to 1.50 mln ha from 1.62 mln ha, the report stated. The output estimate for peas has been revised to 3.6 mln tn in the July forecast from 3.85 mln tn. Despite the fall in output, the agency has kept the price forecast for peas and masur unchanged from its June view at $220-$250 per tn and $420-$450 per tn, respectively, due to higher carry-over stocks. Average price for all grades (lentils or masur) and types is forecast to fall from 2017-18 due to Canadian and world supply. There is an expectation that import demand in the Indian subcontinent will continue to be similar to 2017-18. On the export front, shipments of masur and peas in 2018-19 from Canada are expected to remain steady because the July forecast report says an expected sharp fall in demand from India may be partly offset by record imports from China and the US. Canada agency Production estimate for chickpeas or chana has been revised higher in 2018-19 to 335,000 tn from 255,000 tn, as estimated in June. For 2018-19, the area seeded more than doubled from 2017-18 due to higher farm-gate prices received in the previous two years. Saskatchewan (the largest pulses growing region in Canada) is expected to account for 84% of the chickpea area. India used to be the largest importer of peas and masur from Canada but, with the government’s imposition of higher import duties in 2017, sourcing of the pulses from the latter have declined.

NCDEX chana hits 7-month high as miller demand rises.

Ram Gopal Yadav (6 years ago)

August contract of chana on NCDEX hit a seven-month high of 4,390 rupees per 100 kg as demand from dal millers improved amid limited supply. The August contract of chana was up 49 rupees at 4,363 rupees per 100 kg. In benchmark Delhi market, prices of chana rose by 50 rupees to 4,650 rupees per 100 kg. Demand is expected to increase due to seasonal factors.

Barley crop decline in Black Sea countries will support world prices in 2018/19 season.

Ram Gopal Yadav (6 years ago)

Global consumption of barley in the 2018/19 season will still exceed its production in the top growing countries. It is worth pointing out that export prices at the start of the new season are appreciably higher than last year, even though the harvest is in full swing in some of the major growers. At the moment, prices are supported not only by all-time low barley carryovers but also by concerns about the size of the new crop. Thus, the world trade volume in the current season will significantly depend on export potential of key exporting countries, in particular major players such as Ukraine and Russia.

Madhya Pradesh farmers asked to transplant paddy.

Ram Gopal Yadav (6 years ago)

IMD’s Agrimet division has advised paddy growers in central Narmada region of Madhya Pradesh to transplant 20 to 21-day-old saplings to fields. Agrimet has also asked the farmers to monitor paddy against the attack of blast and brown spots on leaves and spray fungicide. Between Jun 1-Jul 19, Madhya Pradesh has received 334.3 mm of rainfall, 10% above the normal weighted average of 302.6 mm.

Wheat exports from Ukraine remained close to record in MY 2017/18.

Ram Gopal Yadav (6 years ago)

June, the last month of MY 2017/18, traditionally saw a slowdown in wheat exports from Ukraine. 842 KMT was shipped abroad, or 17% less than in May (1 MMT) but 34% more than in June 2017 (627 KMT). The wheat export results of MY 2017/18 were slightly lower than in the previous season. Roughly 17.2 MMT of wheat was supplied to foreign markets that is just 1.6% below last season’s record of 17.5 MMT.

Kazakhstan grain stocks 9% higher last year’s.

Ram Gopal Yadav (6 years ago)

Growers of all types held 5.19 MMT of cereals and pulses as of July 1, 2018, i.e. 8.6% more than on the same date a year ago (4.78 MMT). Wheat inventories as of July 1, 2018 were up 9.7% year-on-year at 4.58 MMT, including 4.15 MMT of milling wheat, 0.34 MMT of feed wheat and 0.1 MMT of wheat for seed. As of the reporting date, barley stocks totaled 306.4 KMT that is down 5% on the year, while those of corn were 28.9 KMT, rice – 41 KMT, rye – 9.7 KMT, oats – 64.6 KMT, buckwheat – 46.1 KMT, millet – 2.1 KMT.

Source says FCI sold 74,150 tn wheat in 1st open mkt sale of 2018-19.

Ram Gopal Yadav (6 years ago)

Food Corp of India sold 74,150 tn wheat in the first round of auction under the Open Market Sales Scheme of 2018-19 (Apr-Mar). In the first round of auction for the year, the agency offered 1.48 mln tn of the food grain. Usually response to sales tender under the Open Market Sale Scheme remains subdued during Jul-Aug and peaks during the lean supply season Sep-Oct. Last year, Food Corp of India had sold only 20,000-30,000 tn wheat through its first auction under the scheme.