Spring wheat bids drop with large U.S. acreage ideas.
Over 30% wheat crop damaged in squall in Uttar Pradesh.
Over 30% wheat crop damaged in squall in Uttar Pradesh.
About 3.77 lakh MT wheat purchased in Haryana.
About 3.77 lakh MT wheat purchased in Haryana.
Coriander down in Kota on sharp rise in arrivals
Prices of coriander fell in Kota, Rajasthan due to a sharp rise in arrivals today amid low demand from stockists. Higher carryover stocks of around 5-6 mln bags (1 bag = 40 kg) has dampen stockists. Stockists generally procures around 50% crop during harvesting season. The most active May contract of coriander on NCDEX traded down 1% from the previous close.
Chana unch in Delhi; up in Indore on likely govt buy
Chana prices in Delhi and Akola were unchanged because of subdued demand from dal millers, and as many sellers stayed away from the market.
Madhya Pradesh may kick off chana procurement at MSP from Tuesday
Madhya Pradesh government is likely to commence procurement of chana at minimum support price from Tuesday to support the dwindling prices. Procurement would begin from Apr 10. Unlike mustard and masur, quantity of procurement for chana has yet not been fixed by the government.
Tur tad down in Akola due to lacklustre demand
Prices of tur fell in the benchmark market of Akola continued to fall due to subdued demand from dal millers, traders.
Malaysia CPO falls on profit booking, CBOT soy cue
The June contract of crude palm oil was down on the Bursa Malaysia Derivatives as investors booked profits after prices hit a one-month high of 2,483 ringgits (41,633.81 rupees) per tn in early trade. The most-active June contract of crude palm oil on the Malaysian bourse traded at 2,467 ringgits per tn, down 0.2% from the previous close. The weakness in soyoil contracts on CBOT also added to losses in palm oil. The prices of crude palm oil and soyoil typically move in tandem as the commodities are used as substitutes for each other.
Soybean down in Indore on higher arrivals
Prices of soybean fell in the benchmark market of Indore, Madhya Pradesh, due to a rise in supply. On NCDEX, the most-active May contract of soybean was trading down 0.3% from the previous close.
Mustard seed at 2-week low in Jaipur as demand weak
Prices of mustard seed hit a two-week low in Jaipur, owing to weak demand for mustard oil and meal from domestic and overseas buyers. A rise in arrivals also weighed on prices.