MCX CPO futures down on Bursa Malaysia cues.

Futures contracts of crude palm oil on the MCX were down, tracking benchmark contracts on the Bursa Malaysia Derivatives. The most-active January contract on the domestic bourse was at 562.7 rupees per 10 kg, down 0.3% from the previous close. Prices on the Malaysian bourse fell today due to a strong ringgit against the US dollar and expectations of a month-on-month rise in Malaysia’s palm oil stocks in December. Investors now await Malaysian Palm Oil Board’s data on palm oil output, exports, and inventory for December.

Coriander prices down in Kota on higher arrivals

Prices of coriander fell in the benchmark wholesale market of Kota, Rajasthan, due to an increase in arrivals. The most active January futures contract of coriander on NCDEX traded at 5,455 rupees per 100 kg, down 1.6% from the previous close.

Argentina to cut soybean export tax to 18% vs 30% over 2 years

The third largest producer of soybean in the world, Argentina, has decided to cut export tax on soybean to 18% from 30% over two years. This reduction is part of the different measures that were taken in the last two years, aimed at giving competitiveness and predictability to the sector. The farm ministry will also reduce the export tax on soyoil and soymeal to 15% from 27%.