Monday, 30 June 2014

Agri Commodity Market Updates for Today

According to the Ministry of Agriculture, sowing of kharif pulses as on 26th June stand at 430,000 ha against 1,362,000 ha. Sowing of Tur, Urad and Moong stand at 84,000 ha, 55,000 ha and 181,000 ha respectively.

Agriculture soybean planting as on 26th June is reported at 101,000 ha compared to 177,000 ha last year. There are concerns over below normal monsoon season, emergence of El-Nino and shortage of seeds for kharif 2014 sowing. 

Soy oil stocks in April increased to 2.058 bn lbs from 2.023 bn in March and forecast of 1.990 bn lbs.

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