Sugar prices down in Mumbai on stock cap imposition.
Ram Gopal Yadav (9 years ago)

Prices of sugar fell in the key wholesale markets of Mumbai as implementation of stock-holding limit on mills dampened the sentiment. Sugar stocks in north India are already quite low. Stock limits would ensure slower release by the mills now. The government has imposed stock holding limits on sugar mills for September and October. Sugar mills can hold up to 21% of the total sugar supply of 2016-17 (Oct-Sep) season as of end of September, and 8% of the supply as of end of October.

Indore soy down on high arrivals, good crop condition.
Ram Gopal Yadav (9 years ago)

Soybean prices in benchmark Indore market was down because of increased arrivals. Arrivals of the oilseed increased on fear of further fall in the prices. Soybean prices are declining in the last few days because of improved crop condition due to recent favorable rains in major growing areas. Futures contract of soybean on the NCDEX also traded lower following spot prices. The most-active October contract traded down 1.1% from previous close.

Jaipur mustard seed down on low demand from millers.
Ram Gopal Yadav (9 years ago)

Prices of mustard seed fell in Jaipur because of subdued demand from oil millers. On the NCDEX, the most-active September futures contract of mustard seed were unchanged. In Jaipur, the benchmark market, the oilseed was quoted down 20 rupees from previous close.

India Jul mustard seed crushing unchanged on month at 550,000 tonne.
Ram Gopal Yadav (9 years ago)

Oil mills in the country crushed 550,000 tonne of mustard seed in July, largely unchanged from a month ago. The quantum of mustard crushed was largely unchanged in July because of absence of significant demand from oil millers. Oil mills have crushed about 3.5 million tonne of mustard seed since the start of the crushing season in February compared to total arrivals of 3.8 million tonne during the period.

India Soybean ends down 1% on improved weather, CPO up.
Ram Gopal Yadav (9 years ago)

Futures contracts of all the components of the edible oil basket, barring soybean, traded higher on domestic exchanges. Soybean futures on the National Commodity and Derivatives Exchange closed about 1% down due to improve in weather conditions in key growing areas of Madhya Pradesh and Maharashtra, the top growers. Recent rains and forecast of more showers in coming days after rounds of dry spells in major growing areas boosted hopes of recovery in yields. Higher arrivals of the oilseed in Madhya Pradesh also weighed on the sentiment.

NAFED resumes sunflower seed purchase in Telangana, buys 115 tonne.
Ram Gopal Yadav (9 years ago)

The National Agricultural Cooperative Marketing Federation of India has resumed procurement of sunflower seed in Telangana after it had wound up operations in May-end. The agency procured 115 tonne of sunflower seed under the price support scheme in the state on its first day. The procurement drive is underway at the Medak procurement centre. The agency has also started procurement of groundnut in Odisha and bought 282 tonne on its first day on Tuesday under the price support scheme.