Dal millers ask govt to allow export of chana, masoor.
Ram Gopal Yadav (7 years ago)

Dal millers across the country have requested the government to allow exports of chana, masoor and moth pulses as prices have slumped below the minimum support levels due to higher production. India had produced about 26-27 million tonne pulses in 2016-17 and imported 5.7 million tonne. The country consumes about 25-26 million tonne of pulses in a year. Currently, masoor is ruling below the minimum support price of 3,950 rupees. Prices are also hovering at lower levels as various government agencies that had procured 1.5-1.8 million tonne of pulses are now offloading their stocks in the market.

Delhi chana up on slight recovery in demand.
Ram Gopal Yadav (7 years ago)

Prices of chana in Delhi were slightly up because of a recovery in demand. However, chana futures on the NCDEX were down because of expectations of rise in the acreage this season amid less than expected demand for the pulse in the festive season. The most active October futures were down 0.4%.

Soybean prices down in Indore on higher arrivals.
Ram Gopal Yadav (7 years ago)

Prices of soybean in the benchmark market of Indore, Madhya Pradesh were down due to an increase in the new crop arrival. However, good demand because of festival season has prevented prices from falling further. Prices are likely to fall in the coming months, as arrivals pick up pace. Futures contracts of soybean on the NCDEX also fell tracking losses in spot markets. The most active November contract of soybean ended down 0.7% from the previous close.

India Soybean settles 1% lower tracking weakness in CBOT.
Ram Gopal Yadav (7 years ago)

Futures contracts of most of the components of the edible oil basket, barring crude palm oil, fell on the domestic exchanges tailing losses in international markets. Prices on the international exchange fell due to likely rise in yields of soybean in the US. Increased arrivals of the new crop in the domestic market amid favourable weather also pushed prices down. Taking cues from soybean, refined soyoil on the NCDEX fell because of subdued purchases in the wholesale markets amid huge availability following higher imports.

USDA sees China 2017-18 Mustard crop down at 13 million tonne.
Ram Gopal Yadav (7 years ago)

China is expected to produce 13.1 million tonne of rapeseed in 2017-18 (Jun-May), down from 14.3 million tonne a year ago, primarily due to a decline in the acreage. China is expected to produce 13.1 million tonne of rapeseed in 2017-18 (Jun-May), down from 14.3 million tonne a year ago, primarily due to a decline in the acreage. Rising demand of the oilseed in domestic markets in China and anticipation of low production this year may boost the imports. China, a key importer of Indian rapeseed, banned the imports from the South Asian country in 2012 on quality concerns. Before the ban, China bought around 300,000 tonne of the mustard meal from India every year.