Mustard prices down in Jaipur on good monsoon forecast
Ram Gopal Yadav (7 years ago)

Prices of mustard seed in Jaipur fell because of India Meteorological Department’s forecast of normal monsoon, which lifted expectation of a better crop for kharif oilseeds in 2018-19 (Jul-Jun). Arrivals of mustard seed fell to 200,000 bags in Rajasthan, down from 220,000. As on Apr 16, warehouse stocks were at 75,507 tn compared with 60,149 tn a week ago.

NCDEX soybean down 1% on monsoon forecast, CBOT cues.
Ram Gopal Yadav (7 years ago)

Soybean contracts on NCDEX down because of forecast of normal monsoon by the IMD and tracking overnight weakness in benchmark contracts on CBOT. Soybean, accounting for the bulk of India’s oilseed production, is a kharif crop and its productivity depends largely on the spread and distribution of the south west monsoon rainfall.

Barley prices at 1-week high in Jaipur on low supply.
Ram Gopal Yadav (7 years ago)

Prices of barley hit a one-week high in the benchmark market of Jaipur due to a fall in arrivals and improved demand from stockists. Demand from poultry feed industries also supported prices of the commodity. Subdued demand from malt manufacturing companies and imports of the coarse grain from Argentina, however, capped gains in prices.

Tur prices dn in Akola on weak demand from millers.
Ram Gopal Yadav (7 years ago)

Prices of tur fell in the benchmark market of Akola due to subdued demand from dal millers. Uncertainty over the government’s decision to procure additional tur is also seen weighing on prices. In Akola, tur was sold at 3,800 rupees per 100 kg, down 50 rupees from while arrivals unchanged at 1,500-2,000 bags (1 bag = 100 kg).

NCDEX chana down on sluggish buys from dal millers
Ram Gopal Yadav (7 years ago)

Futures contracts of chana fell on the NCDEX because of sluggish demand from the dal millers in the domestic market and reports of slow progress of government procurement. A weak sentiment is seen due to talks that Maharashtra government is insisting local traders buy chana at the minimum selling price, causing trade participation to reduce