NCDEX coriander up over 1% on low production view:
Ram Gopal Yadav (7 years ago)

Futures contracts of coriander on NCDEX were up over 1% due to expectations of lower production this year. Traders see production of coriander falling around 30% on year to 600,000-650,000 tn in the current year as low prices during the sowing season led to a decline in acreage.

NCDEX mustard up on procurement report, soybean cues
Ram Gopal Yadav (7 years ago)

Futures contracts of mustard seed rose as reports of government procurement of the rabi oilseed improved market sentiment. NAFED was likely to procure around 500,000 tn of new mustard crop in Rajasthan. Gains in soybean contracts are also seen supporting mustard prices. Soybean and mustard contracts take cues from each other as these are used as substitutes.

NCDEX soybean up 3% on firm demand from oil millers
Ram Gopal Yadav (7 years ago)

Soybean futures on NCDEX hit 3% upper limit due to firm demand for the oilseed from millers and stagnant arrivals. The most active February soybean contract on NCDEX traded at 3,653 rupees per 100 kg, up 3% from the previous close. All-India arrivals of the oilseed were, however, estimated to be steady at 200,000 bags (1 bag = 100 kg). Downward revision of soybean production in Madhya Pradesh in 2017-18 (Jul-Jun) at 5.3 mln tn against 6.9 mln tn estimated in the first advance estimate is seen supporting prices of the oilseed.

Madhya Pradesh cuts 2017-18 soy crop view to 5.3 mln tn
Ram Gopal Yadav (7 years ago)

Madhya Pradesh has lowered its estimate for soybean production in 2017-18 (Jul-Jun) to 5.3 mln tn from 6.9 mln tn projected in the first advanced estimate. A downward revision in soybean production was mainly due to a dry spell during the growth stage that adversely affected the yield. Soybean yield declined substantially to 1,062 kg per ha compared with 1,231 kg in 2016-17.

Ukraine’s rapeseed market looking to the new season with optimism
Ram Gopal Yadav (7 years ago)

Rapeseed is now becoming once again a topical subject for the oilseed sector of agriculture. Remarkably, this involves not only forecasts for the next season 2018/19, but also expectations about the results of the current marketing year. Seemingly, the most active part of MY 2017/18 for the rapeseed market is already over and its final results can be stated with high probability, but the current season’s trends make us adjust the supply and demand balance for this oilseed. The brisk pace of rapeseed exports seen in the first half of MY 2017/18 suggests that Ukraine will ship abroad up 1045 KMT from MY 2016/17. So, it is going to hit a four-year high.