Rains may damage up to 4 MMT wheat in Australia.
NCDEX coriander down on profit booking post 6-month high
Futures of coriander fell over 1% on the NCDEX due to profit booking by market participants, a day after prices hit a six-month high. Low prices of coriander have resulted in farmers shifting towards more lucrative crops such as ginger and jeera in major producers Rajasthan and Gujarat. The most-active December contract of coriander traded down 1.2% from the previous close.
Warehousing regulator registers 1st liquid storage for palm oil in Gujarat
The Warehousing Development and Regulatory Authority has registered its first warehouse handling liquid cargoes at Gandhidham in Gujarat, facilitating delivery of palm oils via futures exchanges. The oil storage tanks, owned by Yamada Logistics Pvt Ltd, were registered by the warehousing watchdog earlier this month. The two units, which have a capacity to store 350 tonne each of crude palm oil and refined, bleached and deodorised palmolein, have been accredited by the Multi Commodity Exchange of India as delivery centres.
India Govt trims base import price of all edible oils
The government reduced the base import price of all edible oils, with the steepest plunge of $26 per tonne in crude palm oil. The base import price for crude palmolein and refined, bleached and deodorised palmolein were cut by $21 each.
Mustard up in Jaipur as demand rises, acreage falls
Prices of mustard seed rose in benchmark Jaipur market due to a rise in demand from domestic crushers and stockists, and a fall in acreage of the crop.
India NCDEX soybean up on bargain buys; spot soy down
Prices of soybean fell at the benchmark Indore market in Madhya Pradesh due to low buying at high prices. High supply in markets weighed on soybean prices. Improved demand from domestic oil millers and crushers lifted prices at Jaipur in Rajasthan, thereby, supporting contracts on the NCDEX. Prices rose on the Malaysian bourse due to bargain buying.
Soybean prices down in Indore on weak demand for meal
Prices of soybean fell in Indore, Madhya Pradesh owing to subdued demand for soymeal, a derivative of soybean. A decline in supply, however, cushioned a fall in prices.
India coffee exports during Jan 1- Nov 29.
India coffee exports during Jan 1- Nov 29.
Cotton ginners threaten strike on Dec 15 if 5% GST not withdrawn .
Cotton ginners threaten strike on Dec 15 if 5% GST not withdrawn .
MCX cotton up on strong demand, output concern.
MCX cotton up on strong demand, output concern.
CBOT corn unmoved after rally.
CBOT corn unmoved after rally.
Armyworm has infected 50% of Malawi’s planted maize.
Armyworm has infected 50% of Malawi’s planted maize.
Haryana spot rice continue to rise as Iran lifts import ban.
Haryana spot rice continue to rise as Iran lifts import ban.
Bangladesh ag minister hopes for new era of collaboration for rice sector.
Bangladesh ag minister hopes for new era of collaboration for rice sector.
U.S. rice prices soar amid sharply lower production.
U.S. rice prices soar amid sharply lower production.
Nigeria rice importation drops by 95%.
Nigeria rice importation drops by 95%.
Odisha assembly passes resolution to take up paddy MSP issue with President.
Odisha assembly passes resolution to take up paddy MSP issue with President.
No new deals for India rice exports to Iran as traders fear ban extension .
No new deals for India rice exports to Iran as traders fear ban extension .
Demand of Pakistani rice increased due to special fragrance, colour & quality across the world.
Demand of Pakistani rice increased due to special fragrance, colour & quality across the world.
Wheat prices fall in Indore spot market on weak demand.
Wheat prices fall in Indore spot market on weak demand.