Hoping for the best: Onion auctions to restart despite truckers’ strike.

Ram Gopal Yadav (6 years ago)

Onion auctions, which had come to a halt at Lasalgaon — the country’s largest wholesale market for the vegetable — due to the ongoing transporters’ strike, after an agreement was reached between the traders and the market committee officials. Even though the strike has not been called off, traders agreed to take a risk and participate in the auctions. However, they hope that the agitation will be called off by the truckers in a couple of days. On Monday, some onion auctions took place in the sub-divisional market committees of Niphad, Umrana and Vanchur. Onion arrivals in these markets had touched 16,686 quintals and modal prices touched Rs 1,100 per quintal.Last week, arrivals at Lasalgaon were around 18,064 quintals with prices averaging at Rs 1,116 per quintal. Prices and arrivals were in the same range throughout last week.

Akola tur down in thin trade on transporters strike.

Ram Gopal Yadav (6 years ago)

Prices of tur fell in thin trade in the benchmark market of Akola because of a a transporters strike and incessant rains. In Akola, tur was sold at 3,800 rupees per 100 kg, down 50 rupees. Arrivals were unchanged at 500-700 bags (1 bag = 100 kg). Prices were steady in Kalaburagi, Karnataka, at 3,700-3,850 rupees, with arrivals also steady at 2,000-3,000 bags.

Bad weather delaying delivery of 240,000 bags of imported

Ram Gopal Yadav (6 years ago)

A series of weather disturbances in the past few weeks have been delaying the delivery of 240,000 bags of imported rice from Thailand meant for Eastern Visayas region. The foreign vessel carrying 140,000 bags of Thai rice is stuck at Bacolod port for weeks and was unable to unload the allocation for Negros Island. The vessel was scheduled to arrive in the region two weeks ago. the cargo ship unloaded 25,000 bags out of 80,000 bags intended for Negros Island. If the weather improves, unloading of remaining 55,000 will be completed within a week. Another ship from Thailand carrying 100,000 bags is still taking shelter in the West Philippine Sea due to storm.

Burma price of best rice rises as output falls.

Ram Gopal Yadav (6 years ago)

The price of high-quality rice in the country is increasing annually because of a decline in production. Myanmar people mainly consume high-quality Pawsan rice, which is grown in Ayeyarwady Region, and Shwe Bo Pawsan rice grown in Shwe Bo township of Sagaing Region. In 2014, a bag of Pawsan rice cost K29,000 (US$20). That rose to K35,000 in 2015 and K42,000 this year. That’s an increase of more than 44 percent over the four-year period. Meanwhile, the price of a bag of Shwe Bo Pawsan rice rose 58pc to K57,000 in 2018 over the same period.

China clears 14 Indian rice companies for export amid trade war with US.

Ram Gopal Yadav (6 years ago)

China has agreed to import rice from 14 of the 19 registered rice exporters from India, while the remaining five— mostly of basmati rice sellers — have been asked to improve storage and isolation facilities before applying afresh. China allows import of only basmati rice from India, but with this clearance, even non-basmati rice can be exported.

UkrAgroConsult the consultancy raised its forecast for this year’s maize

Ram Gopal Yadav (6 years ago)

UkrAgroConsult the consultancy raised its forecast for this year’s maize harvest to 27.3 million tonnes from the previous estimate of 26.6 million tonnes. The 2018/19 maize exports forecast remained unchanged at 21 million tonnes. The current weather conditions suggest corn yield in Ukraine may rise. In view of the above. Forecasts corn production in the country to hit a record 27.3-27.5 million tonnes.

The amount of sugarcane crushed in the first half of July

Ram Gopal Yadav (6 years ago)

The amount of sugarcane crushed in the first half of July in Brazils key Center-South region is expected to be 45.39 million mt, down 5.4% year on year, but slightly higher than the previous two-week periods 45.31 million mt. Despite the extremely dry weather in Center-South Brazil in July, which could have favored a good pace of crushing, some sugarcane mills were reported to have halted operations for maintenance. The cumulative cane crush thus far this season would reach 267.6 million mt, up 8.15% year on year.

Andhra govt seeks to buy 15,145 tn sugar for sale via PDS.

Ram Gopal Yadav (6 years ago)

Andhra Pradesh State Civil Supplies Corp has invited bids to buy 15,145.31 tn of sugar (S-30, S-31) from sugar manufacturers, traders, cooperative sugar mills, bulk suppliers, processors, through an auction on NCDEX e-Markets. The auction will take place on Thursday and the commodity is required in September and October for sale under the public distribution system.