Grain Prices at Mandi Stable
The monsoon is progressing well and now is good in east India, which is good news. Over the last few days, Central India has received some rains which may not be enough.
Though the commodity prices are stable at Mandi level (Market yard), the arrivals are very slow.
Barley: The mid week saw the some arrivals in Rajasthan, but overall the arrivals were slow. The prices in Rajasthan were close to Rs.6350 ($146) per ton while in Uttar Pradesh the prices were at Rs.6790 ($156) per MT.
Jowar:The arrivals are now slowing down in almost all production areas and some arrivals were seen in Karnataka in mid week. The highest price though was in Rajasthan Rs.8400 ($193) followed by Gujarat at Rs.8050 ($185) per MT.
Maize: There are still some stocks available in Bihar and arrivals were good in Khagaria and Muzzfarpur. Some arrivals were also seen in Karnataka and Madhya Pradesh. The spot prices in Nizamabad and Davangere are stable at Rs.6000 ($138) and Rs.5660 ($130) per MT respectively.
Prices in US have come down again and the FOB price (US gulf) were reported under $100 per MT for September delivery. The October delivery was higher by about $3 per MT.
The freight rates showed little gains this week due to increased demand from US and higher fuel prices.
The detailed US market report can be seen at the link below:
http://www.grains.org/buying/market_perspectives/mp_08-19-05.pdf
On the world market the big question is when will China start importing maize. The USDA reports a 3.10 MMT export potential from China, while the market observers believe it to be too high, though the export is down from last year (2004-05) figure of 7.00 MMT. China’s corn production is expected to be 127 MMT as against 130 MMT last year (2004-05).
Test For Aflatoxin approved by GIPSA
A fast new aflatoxin test for grain has been approved by the USDA’s Grain Inspection, Packers and Stockyards Administration (GIPSA). The Rapid One Step Assay (ROSA®) Aflatoxin (Quantitative) can test four samples in 15 minutes, eight samples in 19 minutes and 16 samples in less than 30 minutes, offering U.S. grain traders an efficient option for testing grain before shipping. ROSA Aflatoxin can detect aflatoxin from zero to 100 parts per billion (PPB). According to its manufacturer, Charm Sciences, the new test is the first quantitative lateral flow test developed to detect the presence of aflatoxins in corn/grain samples. Two qualitative aflatoxin tests, Reveal® for Aflatoxin (5 to 100 PPB) from Neogen and The AgraStrip™ (20 PPB) from Romer, have also been approved in recent weeks.
Broiler Growth India
In the year 2004-05, around 1537 million broilers were placed in India. The placements are expected to be 1695 million in the year 2005-06, a growth of approximately 10.29%. In 2004-05, South had the highest share of 40.60% followed by North at 24.53%. East and West had a share of 19.65% and 15.22% respectively.
Within the regions, North India is expected to show a maximum growth of 11.03% followed by West India at 10.67%. South and East are expected to grow at 10% and 9.67% respectively.
Within the North the highest growth is expected in Uttar Pradesh (13.3%) and Rajasthan (12.65%) while in the Western region, Maharashtra is expected to grow at 11.43% followed by Goa, Daman and Diu at 10%.
In the Southern Region the highest growth in expected in Karnataka (10.71%) followed by Andhra Pradesh (10.53%), as more movement is expected from Tamil Nadu to these area. Tamil nadu is expected to see a growth of 9.38%. Within the east the North Eastern states have a high potential but the placements are expected to be small as compared to other states. The highest growth is expected in Orissa (12.5%), followed by Chattisgarh at 12%.
Amit Sachdev
Representative
U S Grains Council, India
bluecross303@gmail.com
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