Canadian farmers turn to pulse crops to satisfy India.
Ram Gopal Yadav (8 years ago)

Canadian farmers intend to plant more peas and lentils than ever before, as strong Indian demand stokes interest in pulse crops, according to a Reuters industry poll ahead of a government report. Pulses amount for a fraction of Canada’s planted area compared to wheat and canola. But this year they have been the talk of the western Prairies as farmers made seeding plans. Back-to-back droughts in India, the world’s largest importer of edible oils and pulses, has boosted prices and made pulses attractive to Canadian farmers. Pulses are an important protein source in the Indian diet.

NAFED begins procuring moong in Karnataka to help support prices.
Ram Gopal Yadav (8 years ago)

The National Agricultural Cooperative Marketing Federation of India started procuring moong sown during the kharif season in Karnataka from Oct 03. After demand from the Karnataka government, started procuring moong from farmers in two districts of the state under the price support scheme, adding that the agency is already buying moong in Telangana since middle of last month.

Malaysia CPO down tracking CBOT soyoil cues.
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on Bursa Malaysia Derivatives fell marginally taking cues from soyoil contracts on CBOT. Prices of crude palm oil and soy oil typically move in tandem, as both are used as substitutes for each other.

India mustard seed futures remain up on strong spot demand.
Ram Gopal Yadav (8 years ago)

Mustard seed prices rise in futures trading as participants enlarged positions, driven by a firming trend at the domestic spot markets on robust demand. Apart from tight stocks in the market following pause in supplies from growing regions, festive season demand bolstered trading sentiments at futures trade here.

CBOT soybean up as rains delay harvest in US.
Ram Gopal Yadav (8 years ago)

Futures contracts of soybean rose on the CBOT due to delay in harvest in the US following heavy rainfall in the Midwest which is the a key soybean-growing region. Prices up for the second day also because investors continued to cover short positions after contracts hit a three-week low.

NCDEX soybean down for 5th day on new crop arrivals.
Ram Gopal Yadav (8 years ago)

Soybean contracts on the NCDEX declined for the fifth consecutive trading day, as spot prices fell due to a pick-up in arrivals of the new crop. Arrivals of the new crop in spot markets of Madhya Pradesh pegged at 100,000-125,000 bags (1 bag = 100 kg), up from 90,000 bags on oct 04.