Wheat exports from Russia may dominate in 2017/18 while U.S. market little changed.
CME Group announces launch of Black Sea Wheat FOB.
CME Group announces launch of Black Sea Wheat FOB.
NAFED buys 22,213 tn soybean in 3 states
The National Agricultural Cooperative Marketing Federation of India has procured 22,213 tn of kharif soybean in Rajasthan, Telangana, and Maharashtra. NAFED started procuring soybean under the price support scheme as market price of the commodity fell below the minimum support price of 3,050 rupees per 100 kg, inclusive of a bonus of 200 rupees. Over 12,500 farmers have gained from the procurement that began in early October.
NCDEX mustard down as stocks at warehouses rise
Futures contracts of mustard seed were down on the NCDEX due to a rise in stocks of the oilseed at exchange-accredited warehouses. The most-active December contract was down 0.6%, on NCDEX. Stocks of mustard seed at the warehouses were at 2,608 tn compared with 1,566 tn a week ago.
Rajasthan now 40% subsidy on sowing of coriander.
Farmer can application on maximum four hectare in the Horticultural Mission for getting the grant.
Muted demand drags down coriander futures 1.72%.
Coriander prices fell by 1.72 per cent in futures market as participants cut down positions amid muted domestic and export demand against ample stocks position. Besides, higher supplies from major growing regions influenced coriander futures. The fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.
Mustard seed up in Jaipur on demand from oil mills.
Mustard seed prices were up in Jaipur, Rajasthan owing to improved demand from domestic oil millers and crushers. A fall in arrivals and seasonal demand for mustard oil also supported seed prices. Delayed sowing in key growing areas and export demand for mustard meal further lifted prices in domestic market.