Grains & Pulses News Today

Due to limited purchases by flour mills, wheat prices in Delhi stagnated during Thursday's morning session. On Lawrence Road, prices of wheat from U.P, Rajasthan and M.P stabilized at Rs. 2450-2465/quintal. Maize prices in Chhindwara is ranging from Rs. 2150-2250/quintal.

In accordance with the 2023 Supreme Court's recommendations, the Centre is planning to exclude farmers engaged in stubble burning from Minimum Support Price benefits. Chief secretaries of Punjab, Haryana, Delhi, and Rajasthan are asked to develop relevant mechanisms.

Unseasonal rains in Telangana districts ruined crops including paddy and jowar. The weather conditions also resulted in uprooted trees and damaged electricity poles. The state government plans on taking necessary steps to alleviate the situation.

India leads as world's top rice exporter in 2024, despite a 28.1% YoY decrease. However, internal policy complications may lead to a significant drop. Thailand and Vietnam jostle for second place, with 19.4% and notable YoY export growths respectively.

Zimbabwe's government conceded its unpreparedness for the severe El Niño-induced drought impacting southern Africa, mandating a budgetary realignment in 2024 to prioritize essential food imports, mitigating hunger risks.

Global demand increases wheat prices, while harsh weather affects major production zones, leading to prolonged losses in soybeans and corn markets.

Toor rates declined during the week ending on April 4, 2024. Millers’ demand is currently need-based. The crop situation in Mozambique, Tanzania, and Malawi remains good. The new domestic crop is still 7-8 months away, with about 18-20 LT required for consumption.

In Karnal, Sugandha (raw) is selling at around Rs. 7000/quintal and 1509 sella (raw) at Rs. 6600/quintal. As India faces persistent food inflation, it's anticipated that the government will maintain vigilant oversight and regulation of rice stocks, exercising caution in allowing the export.

In Indore, wheat is trading at prices ranging from Rs. 2380-2510/quintal. Maize prices in Chhindwara stand at Rs. 2130-2240/quintal. In Aligarh, 1718 paddy is priced at around Rs. 4025/quintal with the market witnessing arrivals of around 300 bags.

Escalating chickpea prices in India are less likely to ease due to steep import tariffs. Yellow peas emerge as a more affordable substitute for consumers and manufacturers in the country.