NCDEX coriander down on profit booking; spot unchanged
Ram Gopal Yadav (7 years ago)

The most-active January contract of coriander on NCDEX traded down because investors booked profits after prices hit a one-week high. The January contract traded down 0.2% from the previous close. Higher carryover stocks and medium quality of the spice kept prices in a range despite acreage being expected to decline.

Soybean prices down in Indore on cues from CBOT
Ram Gopal Yadav (7 years ago)

Prices of soybean in Indore fell, tracking weakness in CBOT soybean contracts. CBOT soybean contracts were down as favourable weather in Argentina, the third-largest producer of the oilseed in the world, has addressed worries of lower sowing.

Malaysia CPO ends over 2% higher on bargain buying
Ram Gopal Yadav (7 years ago)

The February contract of crude palm oil ended over 2% higher on the Bursa Malaysia Derivatives due to bargain buying after prices hit a 16-month low of 2,375 ringgits (37,289.83 rupees) per tn. The most active February contract closed at 2,515 ringgits per tn, up 2.6% from the previous close. Crude palm oil inventories in Malaysia rose 21% on month to 1.49 mln tn in November.

Indonesia palm oil exports down 5.6% on month at 2.6 mln tn in Oct.
Ram Gopal Yadav (7 years ago)

Indonesia’s palm oil exports fell 5.6% on month to 2.6 mln tn in October as demand from India and Pakistan declined. Export of palm oil, excluding oleochemical and palm oil-based biodhiesel, to India fell 16% on month to 544,170 tn partly due to higher import duties, while exports to Pakistan dropped 32% on month to 144,260 tn. On the other hand, the country’s palm oil exports to China, the European Union, the US, and Bangladesh increased 14%, 18%, 11% and 22% on month in October to 423,740 tn, 474,500 tn, 120,780 tn and 151,860 tn, respectively.