NAFED buys 22,213 tn soybean in 3 states

The National Agricultural Cooperative Marketing Federation of India has procured 22,213 tn of kharif soybean in Rajasthan, Telangana, and Maharashtra. NAFED started procuring soybean under the price support scheme as market price of the commodity fell below the minimum support price of 3,050 rupees per 100 kg, inclusive of a bonus of 200 rupees. Over 12,500 farmers have gained from the procurement that began in early October.

NCDEX mustard down as stocks at warehouses rise

Futures contracts of mustard seed were down on the NCDEX due to a rise in stocks of the oilseed at exchange-accredited warehouses. The most-active December contract was down 0.6%, on NCDEX. Stocks of mustard seed at the warehouses were at 2,608 tn compared with 1,566 tn a week ago.