Showing posts with label NCDEX wheat. Show all posts
Showing posts with label NCDEX wheat. Show all posts

Monday, 11 December 2017

CAPITALSTARS - Wheat sowing lags behind by 1.5% so far

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Sowing of Wheat, the main rabi crop, completed in 190.87 lakh hectares as on 8th December 2017, down by 6.23% from 203.56 lakh hectares in the year- ago period, according to latest data from the Ministry of Agriculture.

Sowing of Wheat starts in October and harvesting begins in April. Normally the crop is sown in 300-odd lakh hectares of land.

The sowing is lagging behind in key growing states Uttar Pradesh, Madhya Pradesh, Punjab and Haryana.

According to the data, sowing of Wheat is nearing to complete in Punjab and Haryana, while substantial area is yet to be planted in other growing states.

Wheat has been sown in 54.79 lakh hectares of area in Uttar Pradesh so far in the 2017-18 rabi season, down from 57.09 lakh hectares in the year-ago period.

Similarly, area sown to Wheat in Madhya Pradesh remained lower at 33.23 lakh hectares as against 37.23 lakh hectares, while sowing in Punjab was down at 32.46 lakh hectares as against 33.29 lakh hectares in the said period.

Farmers in Haryana have sown Wheat in area totalling 21.59 lakh hectares so far this season as against 23.08 lakh hectares in the same period last year, the data showed.

The country had produced a record 96.64 million tonnes of Wheat in 2016-17 crop year.




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Monday, 19 January 2015

WHEAT DOWN 0.4% ON PROFIT - BOOKING

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Wheat prices declined by Rs 6 to Rs 1,629 per quintal in futures trade today as traders booked profits, tracking a weak trend in spot market on sluggish demand.
Adequate stocks in the physical market also influenced wheat prices in futures trade.
NCDEX wheat for delivery in far-month March contracts declined by Rs 6, or 0.37 per cent to Rs 1,629 per quintal with an open interest of 2,210 lots.
February wheat traded lower by Rs 4, or 0.24 per cent, to Rs 1,658 per quintal in 2,920 lots.