Edible Oil Insights for January 23, 2017
Oil Seed Insights for January 23, 2017
Palm Oil Insights for January 23, 2017
Pulses Insights for January 23, 2017
Sugar Insights for January 23, 2017
- A firm trend was witnessed in majority of the Pulses complex except Tur in the major spot markets across the country.
- In the Akola spot market, Urad and Moong witnessed a firm trend while Tur prices slipped during today's trade.
- Chana continued the firm trend in the Indore sport market for the second day while new Tur prices were down.
- Tur prices are witnessing a fall in the major spot markets of the country due to high arrivals.
- Pulses farmers are bringing Tur or arhar produce grown during the rain-fed Kharif season of this year, but the wholesale rates have dropped to below the minimum support price (MSP) of Rs 5,050 per quintal in some states.
- MMTC has issued tender to sale 500 tonnes of Tur and Urad in Chennai and Delhi.
- Nafed has sourced 81,214 metric tonnes of moong as on December 17, highest among Pulses, followed by 38,980 metric tonnes of urad and 373 metric tonnes of tur.
- The highest 68,299 metric tonnes of Moong and 10567 metric tonnes of Urad was procured from Rajasthan.
- India governmental has been targeting to create a buffer stock of 20 lakh tonnes (lt) of Pulses in 2016-17 to ensure remunerative prices to farmers. But as the reports of procurement is out, it looks the country is unlikely to met the target.
- It was planned to import 10 lakh tonnes of Pulses for buffer stock and the rest of the buffer stock target was aimed to procure five lakh tonnes each from domestic kharif and rabi harvests. But at present, the pace of government purchase is slow and many of the Pulses in many marketing centers prices of kharif Pulses are ruling below the minimum support price (MSP).