NCDEX to cancel 5% special cash margin on coriander
Ram Gopal Yadav (7 years ago)

The NCDEX will withdraw the existing 5% special cash margin on buy and sell positions of coriander effective. The withdrawal will be applicable on all running and yet-to-be-launched contracts of the spice. On the NCDEX, the most active May contract of coriander ended at 5,025 rupees per 100 kg, down 1.5% from the previous close.

NCDEX coriander ends at 3-week low as stocks surge
Ram Gopal Yadav (7 years ago)

Coriander futures on NCDEX ended at a three-week low of 5,025 rupees per 100 kg because of a rise in inventories. The most active May contract ended 1.5% lower from the previous close. A decline in exports and higher carryover stocks led to a rise in total inventory to such a level that stockists do not have enough space at warehouses to store new stocks. Prices also fell in the benchmark market of Kota, Rajasthan, despite a decline in arrivals.

Canada agency sees 2017-18 chana avg prices down on high crop view.
Ram Gopal Yadav (7 years ago)

Canada’s agriculture agency has lowered the average price view of chana or chickpeas for 2017-18 (Aug-Jul) on expectation of higher acreage and thereby higher output in 2018-19. Agriculture and Agri-Food of Canada’s April report has forecasted average prices of Canadian chana to decline to $1,070-$1,100 per tn from $1,120-$1,150 view in March. Average price forecast of Canadian chana in 2018-19 is estimated to decline to $1,000-$1,030 per tn on year. Output of chana in 2018-19 is estimated to rise to 145,000 tn from 92,000 tn in 2017-18. The agency has kept the price outlook for Canadian peas and masur unchanged from its March forecast. Peas price in 2017-18 is estimated at $240-$270 per tn, while for masur it is estimated at $480-$510 per tn. In 2018-19 average peas price is forecast at $220-$250 per tn, while that of masur is estimated at $455-$485 per tn.