Muted demand drags down coriander futures 1.72%.

Coriander prices fell by 1.72 per cent in futures market as participants cut down positions amid muted domestic and export demand against ample stocks position. Besides, higher supplies from major growing regions influenced coriander futures. The fall in coriander futures to subdued demand in the physical market against adequate stocks position on increased supplies from producing regions.

Mustard seed up in Jaipur on demand from oil mills.

Mustard seed prices were up in Jaipur, Rajasthan owing to improved demand from domestic oil millers and crushers. A fall in arrivals and seasonal demand for mustard oil also supported seed prices. Delayed sowing in key growing areas and export demand for mustard meal further lifted prices in domestic market.

India Soybean, mustard down; CPO, soyoil rise marginally.

Futures contracts of components in the edible oil basket traded mixed, with refined soyoil and crude palm oil contracts rising marginally on domestic exchanges. Futures contracts of soybean ended nearly 1% lower on the National Commodity and Derivatives Exchange, taking cues from the spot markets where tepid demand from bulk buyers kept prices subdued. Prices of the oilseed had risen in the past sessions on expectations of a hike in import duty on edible oils, which weighed on demand. On the NCDEX, soyoil contracts were up 0.2% from the previous close. Mustard contracts on the NCDEX fell by 0.6% tracking spot markets and due to lacklustre demand from oil millers and mustard meal exporters.

USDA raises world 2017-18 oilseed output estimate to 578.8 mln tn.

The US Department of Agriculture has raised its estimate for global oilseed output in 2017-18 to 578.82 mln tn from 576.99 mln tn projected in October. The department has raised its forecast for global soybean output to 348.89 mln tn, up by 101,000 tn from the previous month forecast. The agency has estimated Brazil soybean output at 108 mln tn, up by 1 mln tn, due to a rise in area under the crop in the hrowing areas Parana and Rio Grande do Sul. Soybean production in the US, one of the major growers of the oilseed, however, is seen slightly lower at 120.44 mln tn, against the October forecast of 120.58 mln tn.