Tur prices were up in Kalaburagi, Karnataka, because of improved demand from dal millers. A fall in arrivals also supported prices of tur. Gains in chana prices are also seen supporting tur prices as both are substitutes for each other.
The Food Corp of India has offered 7,839.57 tn of urad for auction
The Food Corp of India has offered 7,839.57 tn of urad for auction through NCDEX e-Markets. The pulse being auctioned is stocked at warehouses in Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh and Karnataka.
Indore soybean up on low supply, feed sector demand.
Prices of soybean rose in Indore, Madhya Pradesh, due to a fall in arrivals of the oilseed and higher demand for soymeal from the poultry feed industry. Improved demand from domestic oil millers and crushers is also seen supporting soybean prices. Strong demand for soybean in the US is seen supporting prices on CBOT, boosting prices in the domestic market.
NCDEX marks 11,130 tn soybean for staggered delivery
NCDEX on marked 11,130 tn soybean for staggered delivery in the March contract.
Jaipur mustard seed up on renewed buys from millers
Prices of mustard seed rose in the benchmark market of Jaipur due to renewed demand from oil millers and crushers. Also, as the government approved 800,000 tn mustard procurement in Rajasthan, oilseed prices were supported. A rise in arrivals of the oilseed, however, capped sharp gains in prices.