New Delhi | Reuters –– India could impose a 25 per cent import tax on wheat by the middle of March, two government sources said on Wednesday, reinstating the tariff after a gap of nearly three months in response to recent large purchases from overseas. India, the world’s second-biggest wheat producer, lowered the import tax […] Read more
India considering reinstating wheat import tax
Pulse crop sales to India dry up over pest-control plan
Winnipeg/Mumbai | Reuters –– Canadian exporters are slowing sales of peas and lentils to India, threatening $1.1 billion in annual trade of the food staples, over risk that New Delhi may reject shipments under its tougher approach to pest control. India requires shippers to fumigate crops with methyl bromide, an insect-killing gas, in the country […] Read more
Lack of buyer interest leaves lentil market without pulse
CNS Canada — Lentil buyers are keeping to the sidelines as mixed weather reports from India bring an element of turbulence into the market. Crop conditions in India are generally favourable, keeping Canada’s old- and new-crop lentil markets quiet, said Bobby Leavins of Rayglen Commodities in Saskatoon. New-crop buyers are showing little interest until India’s […] Read more
Canada keen to boost ties, seal trade pact with India
Gandhinagar, India | Reuters –– Canada is keen to boost its business ties with India and is moving forward with attempts to seal a trade pact, Canada’s minister of infrastructure and communities told Reuters. “There is an emphasis on signing a trade agreement with India,” Amarjeet Sohi said in an interview Tuesday. “The process was […] Read more
U.S. grains: Soybeans down on profit-taking before USDA data
Chicago | Reuters — U.S. soybean futures dropped two per cent on Thursday, the steepest decline in 2-1/2 months, on profit-taking tied to lower veg oil prices and extended weather outlooks for rainfall in Argentina, traders and analysts said. U.S. President-elect Donald Trump’s nomination of Oklahoma Attorney General Scott Pruitt to run the nation’s Environmental […] Read more
India acts to help farmers hit by black money crackdown
New Delhi | Reuters –– India’s government on Thursday announced immediate steps to ease a cash crunch for farmers amid widespread criticism of Prime Minister Narendra Modi’s shock decision to withdraw high-value bills in the middle of the sowing and wedding season. Farmers have been left stranded as traders have no cash to pay for […] Read more
U.S. grains: Soy futures follow cash market lower
Chicago | Reuters — U.S. soybean futures fell 1.9 per cent to a one-week low Friday morning on reports of big harvest yields and heavy farmer sales on the cash market, traders said. Wheat futures weakened as traders said ample global supplies were likely to blunt the impact of India’s decision to slash its import […] Read more
Unpredictable lentil crops could unsettle market
CNS Canada — Lentil producers have been stuck on a roller coaster this season, and the ride isn’t slowing down going into harvest. “It’s been a very hard year to predict because we have record amounts of acres planted, an incredible start to the season, and then of course the well-publicized weather problems leading to […] Read more
India inactive in Canadian chickpeas ahead of harvest
CNS Canada — The Canadian chickpea market is in a transitionary phase ahead of harvest, one market participant says, as a key player sits out. “We’re still kind of in that phase where there’s a lot of orders trying to get filled, positions trying to get squared,” said David Newman of Commodious Trading near Victoria. […] Read more
Wet wheat weather watched worldwide
CNS Canada — Generous rainfall has benefited but also boosted the risk of disease on wheat crops in much of Canada and the U.S., and has also cut into grain quality in parts of Europe. However, according to Drew Lerner of U.S. forecast agency World Weather Inc., conditions during the harvest season will be the […] Read more
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