Coriander Production Expected Higher Current Year, Agriwatch Estimate
In 2015-16 Coriander production (Agriwatch Estimate) expected increase by around 18 lakh bags (1 bag = 40 kgs) as compared to last year. No major crop damaged reported till now. Sources revealed that, in Madhya Pradesh districts like Neemuch and Mandsour yield little affected due to higher temperature during maturity stage. However, in major growing state like Rajasthan and Gujarat current year crop reported well, farmers expected good yield.
Six of Argentina’s Key Farm States Declared Emergency, Soybean Hit Hard
Argentina’s soybean crop conditions are likely to get worse before it gets better on heavy rains in the key grain growing reasons. Rains which were considered to be beneficial for Argentina’s soybean crop reached to the levels which is abnormal.
Six of Argentina’s key farm states are declared flood emergency areas by the government last week.
Argentina’s is expected to receive about 4 – 5 Inches of rains in near-term.
Castor Seed Arrivals Crosses 35000 Bags last Week
Arrivals of seed have started increasing in all major markets despite lower price. Pressure would continue to rise as higher arrival is expected in the weeks ahead. Stake holders would prefer to wait for stabilization in the cash market. Market participants say that arrival pace would increase as small farmers need money for various activities and they will continue to sell. Arrivals have increased in Patan ,Deesa and Sumerpur. It may expected to touch its peak around mid April.Total arrivals have croseed 35000 bags last week.
Castor Seed Ave Price decreases By 3.66 % Week On Week Basis To Rs 2986.38 Per Qtl.
Castor seed all India average price decreased by3.66 % to Rs 2986.38 per qtl week on week basis. It was being traded at Rs 3099.96 per qtl. during the week ended 15th Feb-2016. More dip from current level is likely as pressure from new crop would increase. However, any steep fall in cash market seems a remote possibility Current average price of seed is ruling lower by 13.79 % from mid Feb-2015.
Thailand Weekly Rice Export
Unofficial preliminary rice exports (excluding premium white and fragrant rice) for February 8-14, 2016 totaled 132,703 metric tons, up 84,695 metric tons from the previous week and 40,159 metric tons from the four-week moving average of 92,544 metric tons . Rice exports from January 1 – February 14, 2016 totaled 532,658 metric tons, up 24.5 percent from the previous week.