Iraq seeking 50,000 tonnes of wheat in tender.
Euronext wheat hovers near lows as euro adds to export gloom.
Euronext wheat hovers near lows as euro adds to export gloom.
CBOT wheat slips after two-day runup amid plentiful supply.
CBOT wheat slips after two-day runup amid plentiful supply.
Wheat crop to be cultivated over 9,944.6 thousand hectares during current Rabi season.
Wheat crop to be cultivated over 9,944.6 thousand hectares during current Rabi season.
EU wheat acreage may fall for fourth straight year.
EU wheat acreage may fall for fourth straight year.
Uncertainty in the import of wheat affected by Ergot Fungus in Egypt continues.
Uncertainty in the import of wheat affected by Ergot Fungus in Egypt continues.
India bans wheat cultivation along Bangladesh border districts.
India bans wheat cultivation along Bangladesh border districts.
India spot wheat prices flat despite hike in import duty.
India spot wheat prices flat despite hike in import duty.
Researchers find gene that may prevent wheat epidemic in India.
Researchers find gene that may prevent wheat epidemic in India.
NCDEX soybean, MCX CPO seen up on import duty hike
Soybean and soyoil futures on NCDEX and crude palm oil contracts on MCX may open higher as the government has hiked import duty on these commodities. The most-active November contract of CPO on MCX had ended 0.7% higher at 547.1 rupees per 10 kg. The December contract of soybean on NCDEX closed down 0.1% from previous close.
Mustard prices up in Jaipur on import duty hike.
Prices of mustard seed rose at Jaipur in Rajasthan after the government, raised the import duty on all edible oils to support the domestic oilseed industry. The government raised the import duty on refined mustard oil to 35% from 20%. A fall in arrivals coupled with improved demand from domestic oil millers and crushers, supported castor seed prices.
India Spices most gain; coriander down 1% as supply seen rising
Futures contracts of all spices, barring coriander, ended higher on domestic exchanges. Contrary to the trend in other spices, coriander prices settled over 1% lower, pressurised by a likely rise in supply in spot markets, as 840 tn of the spice has been marked for staggered delivery in the November contract.
Soybean prices flat in Indore on low supply, demand
Soybean prices in Indore were unchanged as lower arrivals were offset by weak demand from oil millers. Farmers brought fewer stocks to the market as lower prices discouraged them to offload their inventory. The most active December futures contract of soybean on NCDEX ended 7 rupees lower.
Jaipur mustard price was down
Prices of mustard seed fell in the benchmark market Jaipur, Rajasthan, due to subdued demand from stockists after prices hit a three-week high. A rise in arrivals also weighed on mustard seed prices. Supplies have increased as farmers have offloaded more produce in order to avail higher prices.
Malaysia CPO ends down on strong ringgit vs dollar
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended 1% lower due to a strong ringgit against the dollar. Firmness in the Malaysian currency makes palm oil more expensive for buyers holding other currencies. The most-active February contract of crude palm oil on the Malaysian bourse closed at 2,712 ringgits (42,373.88 rupees) per metric tonne, down 1% from the previous close. Gains in soyoil contracts on the CBOT, however, prevented a sharp fall in crude palm oil prices on the Malaysian bourse.
Belarus became the top importer of Ukrainian soybean meal in September
Soybean meal exports from Ukraine increased to 13.2 KMT in September 2017/18 against 11.7 KMT in August 2017 and 5.7 KMT in September 2016. Growth of soybean crushing early in the season pushed them up to the second highest level after the record export volume of September 2015/16 (15.7 KMT). Belarus begins the new 2017/18 season with more active purchases of Ukrainian soybean meal: the country stepped them up to 4.5 KMT against 0.7 KMT a year ago. Now Belarus holds the leading position among importers – its market share equals 34%. In addition, EU countries maintain an upward import trend and absorb 28% of total soybean meal exports from Ukraine.
Ukraine new season brought a new record in sunoil exports
Sunoil exports hit an all-time high of 537 KMT in October 2017/18 that is 73% more than in the previous month (310 KMT) and up almost 24% from October 2016 (434 KMT). In addition, sunoil export shipments also set a new record in the first two months of MY 2017/18 (September-October): 847 KMT against 706 KMT a year ago (+20%).
Ukrainian farmers planted 860.5 Thousand hectare of winter rapeseed
Oilseed harvesting in Ukraine is drawing to an end. farmers have planted 860.5 Th ha of winter rape that is 12% above the projected 769.2 Th ha. So, winter rape was sown on 836 Th ha a year ago.
Egypt 42.5 KMT of vegoil purchased in a tender
The Egyptian state buyer GASC purchased 32.5 KMT of sunflower oil and 10 KMT of soybean oil in a tender held on November 14, 2017. the sunflower oil was bought at a price of USD 790/MT from Aston (22.5 KMT) and ADM (10 KMT) and the soybean oil was bought at a price of EGP 14670 (USD 831.63/MT) from Watanya/Cargill (10 KMT). The delivery period is January 1-15, 2018.
India Mustard seed up in spot markets on seasonal demand
Prices of mustard seed rose in key wholesale markets of country, as the onset of winters improved demand for mustard oil. Decline in supplies also supported prices. Export demand for mustard meal further lifted oilseed prices in domestic market.