Soybean prices seen up; rift with US may steer China demand to India
Ram Gopal Yadav (7 years ago)

Prices of soybean are expected to top 4,000 rupees per 100 kg, a level last seen two years ago, in a month due to high probability of China buying Indian soymeal, coupled with shrinking arrivals in physical markets. Currently, soybean prices at the key market of Indore are around 3,700 rupees per 100 kg. With US-China trade relations uncertain, in all probability, China may have to look to other markets to fulfil its demand for soybean.

Kota coriander up on bargain buying, low arrivals
Ram Gopal Yadav (7 years ago)

Prices of coriander rose marginally in Kota, Rajasthan, today due to a sharp fall in arrivals and increase in buying at lower price levels. Prices have been on the decline for the past two weeks. The most active May contract of coriander on the NCDEX traded up 0.6%.

Barley prices rise in Jaipur on stockists’ demand
Ram Gopal Yadav (7 years ago)

Prices of barley rose in Jaipur, Rajasthan, due to improved demand from domestic stockists amid shrinking supplies of the grain. Rising demand from malt industries also supported prices. Despite peak arrival season, supplies have declined because farmers are holding the produce in anticipation of a further rise in prices.

Delhi chana up on dal millers’ buys, low arrivals
Ram Gopal Yadav (7 years ago)

Chana prices were up in Delhi due to improved demand from dal millers and lower arrivals of the commodity in the market. The most-active May contract on the NCDEX was up 0.7%. Higher marking of chana in the April delivery is also indicating revival of the demand.

Madhya Pradesh offers 100 rupees/100 kg incentive on MSP for chana
Ram Gopal Yadav (7 years ago)

Madhya Pradesh government has announced an incentive of 100 rupees per 100 kg on minimum support price of chana to registered farmers of the commodity. The incentive is valid for the crop harvested in 2017-18 (Jul-Jun) rabi season. The state government is giving the incentive to the farmers registered under Krashak Samruddhi Yojana. The minimum support price and the incentive would be credited directly into the accounts of farmers.