Extending its rising streak for the second day, refined soya oil prices strengthened by another 0.49 per cent in futures trading as speculators engaged in building up positions, driven by rising demand in the spot market. Expanding of positions by traders on the back of rising demand in the spot market against restricted supplies from producing belts mainly kept refined soya oil prices in positive terrain at futures trade.
Raw sugar up on Brazil ethanol import tax.
Raw sugar futures on ICE rallied to a 2-1/2-week high after Brazil confirmed it tax ethanol imports, which could possibly encourage mills to produce less sugar. October raw sugar settled up 0.35 cent, or 2.56 percent, at 14.02 cents per lb, after hitting 14.06 cents, its highest since Aug. 8. The tax raise the price of ethanol against sugar, which could encourage Brazilian mills to switch more production toward the biofuel instead of the sweetener.
PHL all set to ship more sugar to US.
Some 55,000 metric tons (MT) of sugar exported to the United States before October 31 to fill the additional sugar quota granted by Washington to the Philippines. Washington granted the Philippines an additional sugar quota of 63,830 MT for fiscal year 2017.
Mumbai Sugar steady despite higher arrivals and local dispatches.
Sugar market witnessed higher volume almost double at mill level at steady prices as stockiest gave fresh orders to meet higher physical demand for 11 days long Ganeshotsav starting. At Vashi prices remained unchanged despite higher arrivals and local dispatches.
All-India cotton arrivals steady at 3,200 bales as on 22 august.
All-India cotton arrivals steady at 3,200 bales as on 22 august.
Coriander prices rise in Kota on increase in demand.
Coriander prices rise in Kota on increase in demand.
NCDEX coriander up 1% on likely rise in demand.
NCDEX coriander up 1% on likely rise in demand.
Basmati rice overtake buffalo meat as top export commodity.
Basmati rice overtake buffalo meat as top export commodity.
Thailand rice export prices largely flat on week.
Thailand rice export prices largely flat on week.
About 160,000 ha rice area destroyed in Thailand floods.
About 160,000 ha rice area destroyed in Thailand floods.
Bangladesh to import 250000 tonnes rice from Cambodia at $ 453/MT.
Bangladesh to import 250000 tonnes rice from Cambodia at $ 453/MT.
China’s July corn imports fourth-highest volume on record.
China’s July corn imports fourth-highest volume on record.
Taiwan’s MFIG buys 130000 MT of Brazilian corn.
Taiwan’s MFIG buys 130000 MT of Brazilian corn.
Europe needs Ukrainian corn.
Europe needs Ukrainian corn.
Russian corn exports exceeded 5 MMT.
Russian corn exports exceeded 5 MMT.
CBOT corn fall by 1.18 USD/MT.
CBOT corn fall by 1.18 USD/MT.
NCDFI to buy 3,000 tn maize via e-auction on 28 august.
NCDFI to buy 3,000 tn maize via e-auction on 28 august.
Maize contracts up on NCDEX as acreage declines.
Maize contracts up on NCDEX as acreage declines.
EU wheat firms in consolidation move after hitting contract lows.
EU wheat firms in consolidation move after hitting contract lows.
Fall in wheat import quotes.
Fall in wheat import quotes.