Futures contracts of coriander fell for the 10th consecutive day on NCDEX and hit an over seven-month low of 4,362 rupees per 100 kg due to higher imports from Ukraine and Russia, and muted domestic demand. The most-active June contract was down 3.5%. Instead of buying Indian coriander, exporters are importing it from Ukraine and after processing, they are re-exporting it. Bulgaria is also offering their new crop that was harvested in April at very low prices when compared to India.
India spot wheat prices rise on firm demand.
India spot wheat prices rise on firm demand.
IRRI works toward sustainable rice sector in Vietnam.
IRRI works toward sustainable rice sector in Vietnam.
Nigeria Federal Government targets production of 8m tonnes of rice in 2018 wet season.
Nigeria Federal Government targets production of 8m tonnes of rice in 2018 wet season.
Bangladesh summer rice output seen up at 19.7 mln tn
Bangladesh summer rice output seen up at 19.7 mln tn
Nigeria rice paddy production now 6 MMT.
Nigeria rice paddy production now 6 MMT.
Philippines approves 805,200 tons rice imports under quota scheme.
Philippines approves 805,200 tons rice imports under quota scheme.
Cotton makes a comeback in U.S. Plains as farmers sour on wheat.
Cotton makes a comeback in U.S. Plains as farmers sour on wheat.
Algeria tenders again to buy wheat for July shipment.
Algeria tenders again to buy wheat for July shipment.
Maize prices fall in Bihar as rain hits crop quality on 29 May.
Maize prices fall in Bihar as rain hits crop quality on 29 May.
Fall armyworm invades over 87,000 hectares of maize in Ethiopia.
Fall armyworm invades over 87,000 hectares of maize in Ethiopia.
Haryana govt approves maize procurement plan for 2018-19.
Haryana govt approves maize procurement plan for 2018-19.
Sale of Indian rice to Egypt takes quantum leap.
Sale of Indian rice to Egypt takes quantum leap.
India wheat rises on increased offtake by flour mills.
India wheat rises on increased offtake by flour mills.
NCDEX soybean dn ahead of monsoon onset, firm rupees
Soybean contracts on the NCDEX fell ahead of the onset of monsoon and firmness in the rupee against the dollar. The most active June contract was down 1.4%. Earlier-than-expected arrival of monsoon in Kerala has raised hope sowing of the oilseed will be higher in the country. According to India Meteorological Department, monsoon may advance to parts of Kerala in the next 24 hours. The likelihood of acreage under the oilseed rising is seen bearish for prices. Higher arrivals of the oilseed are also seen weighing on prices.
NCDEX mustard seed down over 1% on profit booking
Futures contracts of mustard seed fell over 1% on the NCDEX as traders booked profit. The most active June contract was at 3,969 rupees per 100 kg, down 1.24%. A rise in stocks of the oilseed at exchange-accredited warehouses also weighed on the contracts.
Kota coriander prices down on muted domestic demand
Coriander prices fell in Kota, Rajasthan, due to subdued demand from stockists and domestic spices makers. In Kota, the benchmark market for the commodity, the badami variety was sold at 4,750 rupees per 100 kg and the eagle variety was quoted at 5,000 rupees per 100 kg, both down 100 rupees. Good carryover stocks and higher cheaper imports have resulted in lower demand for the domestic crop. Arrivals of coriander, however, were almost steady in Rajasthan. The most active June contract of coriander on NCDEX ended 0.2% lower.
Cash crop cultivation set to get a boost in Odisha in place of paddy.
Cash crop cultivation set to get a boost in Odisha in place of paddy.
About 4.7 lakh tonnes of paddy procured by Kerala Supplyco.
About 4.7 lakh tonnes of paddy procured by Kerala Supplyco.
Indian rice prices ease to lowest in a year as rupee slides.
Indian rice prices ease to lowest in a year as rupee slides.