News Update
Area Under Chickpeas & Lentils Down, Field Peas Up: Pulse Australia

As per the latest forecast of Pulse Australia, the area sown under Desi Chickpea is down by 7 per cent at 2,61,000 hectares compared to 2007-08. Deficit rainfall during the month of May mainly hampered the sowing activity. However, expected rains during June may add to fresh sowing and provide support to early sown crop.

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Late Additions to Soy Acreage Reduces Cotton Acreage in U.S

Late soybean plantings have reportedly cut into U.S. cotton acres in four of the five top cotton-producing states due to adverse weather, heavy rainfall, and more favorable soybean prices.

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Active trades were high in Soybean, Soya Oil, Rape Mustard Seed, Guar Seed and Pepper.
At NCDEX, 476 members (2,392 users) participated in trading on January 23, 2008 up to 5:00 pm and volumes were Rs 2,696 crore (one-way). There were more than 76,151 trades put through by them. Active trades were high in among others Soybean, Soya Oil, Rape Mustard Seed, Guar Seed and Pepper.
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Soymeal Spot Market Recovered Slightly with Recovery in Asian and European Stock Markets
Soymeal spot market have recovered slightly against the previous close with recovery in Asian, European and US stock markets which had filtered into commodity markets and influenced them to an extend with bearish undertone for a couple of days and kept domestic commodity cash and futures markets weak.
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Refined Soy oil Down in Indore
Despite recovery in futures, physical prices of refined soy oil maintained weakness on bearish global cues poor demand. Weakness in others edible oil also weigh on price.
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Potato: Country Liquor Using to Improve Crop
According to leading news services, the farmers has been spraying water laced with country liquor to improve their potato crop in Agra region of Uttar Pradesh, which is popularly known as the potato basket of India. ''''Deshi'''' (country) liquor is safer compared to pesticides and the quality of the crop also shows signs of improvement, said a potato cultivator of Khandauli region.
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Wheat Prices May Decline Towards End Of February: Trade Sources
Traders believe that despite estimated higher production, wheat prices are unlikely to drop below the Rs 1,100 a quintal-mark this year. Govt. has fixed Rs.1,000/qtl Minimum support price for wheat fro the current marketing year.
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Pakistan: Cotton Showed Falling Trend on World Economic Crisis
In Pakistan, the cotton prices showed falling trend despite shortfall in production. The main factor for declining in prices is world economic crisis, traders said. The Karachi Cotton Association (KCA) official spot rate was inert at Rs 3200/maund.
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Cotlook Cotton Indexes: Declined on Tuesday
The Cotlook Cotton indexes sharply declined on Tuesday. The North Europe A Index (2007-08 crop) was down by 120 points at 74.45 cents/pound.
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Weather Favours Wheat Growth: Agriculture Ministry
The present weather conditions favours growth of the wheat crop. The crop condition is very good. India is targeting to produce more than 75 million metric tons of wheat in the crop marketing year that starts in April.
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