Malaysia CPO ends higher as Jan output seen down
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil rose on the Bursa Malaysia Derivatives due to concern over a likely fall in the country’s palm oil production in January. The most-active April contract of crude palm oil on the Malaysian bourse settled at 2,486 ringgits (40,880.60 rupees) per tn, up 0.7% from the previous close. The Malaysian Palm Oil Board is likely to release data for January palm oil exports, output, and inventory

CBOT soybean up as Argentina weather woes re-emerge
Ram Gopal Yadav (8 years ago)

Soybean contracts on CBOT were up as dry weather in Argentina re-emerged, raising worries about decline in the output. The most active March contract on the CBOT was at $9.9275 a bushel, up 0.7% from the previous close. Dry weather in Argentina, the third largest producer of the oilseed, is estimated to impact the output there

NCDEX soybean hits 3% upper cap as spot supply low
Ram Gopal Yadav (8 years ago)

Futures contracts of soybean hit 3% upper limit on NCDEX due to low supply of the commodity in spot markets. The most-active March contract was at 3,668 rupees per 100 kg, up 100 rupees. Gains in soybean contracts on CBOT are also seen supporting domestic oilseed prices. Prices of CBOT soybean rose due to concerns over dry weather in Argentina which may affect output. Oilseed prices in the benchmark market of Indore increased on anticipation of a fall in arrivals in coming days.

Coriander prices flat in Kota on low demand, supply
Ram Gopal Yadav (8 years ago)

rices of coriander were unchanged in Kota, the benchmark market, as lower arrivals were offset by poor demand for the spice. Demand for the spice is likely to remain weak in the near term due to higher moisture content in the new crop. The most active April contract of coriander on NCDEX was down 0.2%

India 2017-18 mustard crop seen dn 10% at 5.9 mln tn
Ram Gopal Yadav (8 years ago)

India’s mustard output in 2017-18 (Jul-Jun) is seen falling nearly 10% to 5.9 mln tn due to a decline in acreage amid dry weather conditions. Mustard acreage in the ongoing rabi season has declined due to low moisture level on the back of prolonged dry spell in key growing areas. Diversion of sown area to chana due to better realisation in the previous season had a negative impact on mustard acreage

Mustard seed prices up in Jaipur as acreage down
Ram Gopal Yadav (8 years ago)

Prices of mustard seed rose in Jaipur due to a decline in the area under the oilseed and higher demand from oil millers and crushers. The area under the mustard crop across the country fell 5% on year to 6.7 mln ha in the 2017-18 (Jul-Jun) rabi season. Lower arrivals also supported prices of the oilseed.