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
- Pulses complex traded with more of negative sentiments in the major spot markets across the country during today’s trade.
- New Chana arrivals have started in the Latur spot markets softening the prices. Moong price also eased during today's trade in Latur spot market.
- Urad and Masoor prices weakened during today's trade in Kanpur spot market.
- A firm trend was witnessed in Tur price in the Indore spot market, while Urad prices witnessed a downtrend.
- The government has allowed Food Corporation of India (FCI) to sell around 11,000 tonne of Tur or arhar through NCDEX from its buffer stocks to dispose previous year stocks in the open market.
- Around 20,000 tonne of Tur has been purchased by FCI from farmers last kharif season (2015-16) to create buffer stocks of pulses, of which only around 9,000 tonne of pulses were lifted by the states. The remaining pulses would be sold through NCDEX e-Market (NeML), an arm of commodity bourse NCDEX.
- The reserve prices of Tur to be sold through NCDEX e-Market would be around the minimum support price (MSP) of R5,050 per quintal, which is offered to farmers in the current year.
- MMTC has issued a tender for sale of 1400 tonnes of Australia Chana in Panvel.
- Madhya Pradesh plans to raise production of pulses by 60 per cent in the next three years to help the country to become self-sufficient in the staple, according to chief minister of the state.
- Madhya Pradesh is one of the top producer of pulses in the country and is planing to raise its output of crops such as chickpeas, pigeon peas and black gram to 8 or 8.5 million tonnes in the next three years from about 5 million tonnes now.