Prices of coriander were down in the benchmark market of Kota, Rajasthan, due to an increase in arrivals and sluggish demand from stockists. The most active January contract of coriander on the NCDEX was down 1.1%.
Malaysia CPO ends higher as export duty suspended
Futures contracts of crude palm oil ended higher on the Bursa Malaysia Derivatives after the Malaysian government suspended export duty on the tropical oil for a three-month period. The most active March contract of crude palm oil on the Malaysian bourse hit a one-month high of 2,615 ringgits (41,442.66 rupees) per tn earlier, before settling 0.2% higher at 2,590 ringgits. The decision to suspend export duty was taken to reduce Malaysia’s palm oil stocks and to strengthen prices. The country’s palm oil stocks were at a near two-year high of 2.56 mln tn at the end of November. The suspension will be lifted before the three-month period if the southeast Asian country’s stock level declines to 1.6 mln tn.
Bihar farmers told to control mustard plant disease.
IMD’s Agrimet has asked farmers in Bihar to control white rust disease in mustard crop. Humid weather conditions are ideal for the spread of white rust in mustard crop. The rust causes swelling and distortion of the stem and floral parts, which eventually hits the yield.