Coarse Grain Prices remain high
As we enter the festive season, Diwali and Eid and people get busy with their purchases etc, the end users of coarse cereals will be a worried lot. Even though harvest of coarse grain is half way through, prices at the market yard are still ruling high.
The average maize price at the market yard was marginally down by 0.5% over last week at Rs.5975 per MT, and the price is still higher than last year’s price of Rs.5780 per MT, by 3.5%. As weather turns good, marriage season starts, poultry farmers are likely to put in more birds, turning the pressure on maize.
Pearl Millet (Bajra) prices are marginally up by 0.6% over last week at Rs.6270 per MT. The price is higher over last year’s price of Rs.6075 per MT by 3.2%. The price of Pearl Millet is also higher than maize by approximately 5%.
Sorghum (Jowar) prices also moved up marginally by 0.5% to Rs.6900 per MT at the Market Yard. The prices are also higher than last year’s price of Rs.6250 per MT by 10.3%. As against Maize, the prices are higher by 15.4%, making maize a grain of choice for the poultry farmers, unless some low quality sorghum is available at a cheaper price.
Barley prices moves up substantially this week, up by 7.3% over last week to Rs.8150 per MT. Last year too the prices were at the same level.
With the maize prices still lower than sorghum and pearl millet, pressure on maize will be high. With production in Khariff limited to 11.00 MMT as per GOI estimate and demand higher, prices are likely to remain high.
Prices of Maize at CBOT moved up slightly and closed at $124.37 per MT on Thursday. FOB value New Orleans (US Gulf) would be close to $145 – 146 per MT range.
International Biotechnology Information Conference 2006 in the US
The 5th International Biotechnology Information Conference sponsored by U.S. Grains Council, Iowa Corn Promotion Board, Nebraska Corn Board and National Corn Growers Association in underway in the US. About 70 policy makers from 20 countries are taking part in 5 day event to gain insight into the agricultural commodity chain in Iowa and Nebraska while also learning the practice of risk assessment, risk management, risk communication and decision making.
Over the last couple of years, the council though its partners has organized events in US and have produced many publications on various aspects of biotechnology. One such publication produced with National Corn Growers Association is the Biotechnology Reference Guide which contains important information on the science of biotechnology in layman terms. The guide can be down loaded from NGCA website and is available on the link given below
http://www.ncga.com/biotechnology/pdfs/ReferenceGuide/guide.pdf
Amit Sachdev
Representative
U S Grains Council, India
bluecross303@gmail.com
Oct 20, 2006
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