Futures contracts of coriander on the NCDEX rose over 1% due to a fall in inventories at exchange warehouses and rise in demand from domestic retailers. The most active July contract was up 1.1% from the previous close. Coriander stocks at NCDEX-accredited warehouses were at 30,388 tonne, down by 148 tonne from the previous week. In Kota, the Badami variety was sold for 5,600-5,800 rupees per 100 kg, while prices of the Eagle variety were at 5,800-6,000 rupees, both unchanged from the previous day. About 5,000 bags (1bag=40kg) arrived in Rajasthan, up 500 bags from previous close.
NCDEX amends norms for mustard oilcake futures expiring Nov or later.
NCDEX amends norms for mustard oilcake futures expiring Nov or later.
ICE Canada canola futures rise on struggling US crops.
ICE Canada canola futures rise on struggling US crops.
India groundnut area 0.47 mln ha, up 49% on year.
India groundnut area 0.47 mln ha, up 49% on year.
Jaipur mustard seed down on low buys, higher supply.
Jaipur mustard seed down on low buys, higher supply.
CBOT soybeans end firm on declining U.S. crop ratings.
CBOT soybeans end firm on declining U.S. crop ratings.
Soybean futures nearly 1% higher on NCDEX due to firm demand from crushers.
Soybean futures nearly 1% higher on NCDEX due to firm demand from crushers.
Masoor, urad rise on increased buying in India.
Masoor, urad rise on increased buying in India.
Chana down in Delhi as supply up, demand weak.
Chana down in Delhi as supply up, demand weak.
Tamil Nadu floats tender to buy 30,000 tn tur, masoor dal.
Tamil Nadu floats tender to buy 30,000 tn tur, masoor dal.
Tur acreage falls 70% as farmers switch to other crops.
Tur acreage falls 70% as farmers switch to other crops.
Farmers reduce 34% area under pulses in India.
Farmers reduce 34% area under pulses in India.
ICE Raw Sugar July contract up at 12.65 vs 12.61 cents/pound (+0.04%).
ICE Raw Sugar July contract up at 12.65 vs 12.61 cents/pound (+0.04%).
Maharashtra traders, stop buying sugar from mills; want Arun Jaitley to clear Rs 124 per quintal credit.
Maharashtra traders, stop buying sugar from mills; want Arun Jaitley to clear Rs 124 per quintal credit.
Sugar up in north India on bargain buys, flat in Maharashtra.
Sugar up in north India on bargain buys, flat in Maharashtra.
India coffee exports during Jan 1- Jun 23.
The Coffee Board of India has finalized its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
All-India cotton arrivals up at 21,000 bales.
Around 21,000 bales (1 bale = 170 kg) of cotton arrived in the major spot markets across the country on Monday, compared to 17,000 bales on Friday.
MCX cotton rises on short covering.
Futures contracts of cotton traded higher on the MCX as investors covered their short positions. The front month June contract had hit a five-month low of 19,470 rupees per bale (1bales=170kg) giving traders an opportunity to buy at lower levels. Expectations of higher output in 2017-18 (Oct-Sep) due to increased acreage across the country pushed prices lower. Gains in cotton futures on the ICE also aided the sentiment. On the MCX, the July cotton contract was at 19,730 rupees per bale (1bale=170kg), up 0.2% from the previous close, while the most-active December contract on ICE was at 67.66 cents per pound, up 0.43%.
India cotton area 2.47 million hectares up 30% on year.
Cotton acreage in the country was up 30% on year at 2.47 million hectares as of Thursday, according to sowing data for 2017-18 (Jul-Jun). Attractive returns for the commodity prompted farmers to switch from pulses, especially pigeon pea, in most parts of the country. Progress of monsoon rains in key growing areas also helped in sowing. Gujarat, Maharashtra, Madhya Pradesh, and Telangana are among leading growers of the crop where monsoon is progressing well. The government has targeted to produce 35.50 million bales (1bale=170kg) of cotton in 2017-18 (Jul-Jun), higher than last year 32.58 million bales.
LT Foods to starts opening at 60,000-tn rice plant in Netherlands.
The company inaugurate a rice plant of 60,000-tn initial capacity at Rotterdam in Netherlands. The company would process varieties such as Basmati, Thai, Jasmine and American rice at the new plant. Shares of the company traded at 68 rupees, up 5.8%, on the National Stock Exchange.