NCDEX chana down on sluggish buys from dal millers
Ram Gopal Yadav (8 years ago)

Futures contracts of chana fell on the NCDEX because of sluggish demand from the dal millers in the domestic market and reports of slow progress of government procurement. A weak sentiment is seen due to talks that Maharashtra government is insisting local traders buy chana at the minimum selling price, causing trade participation to reduce

Tur prices dn in Akola on weak demand from millers.
Ram Gopal Yadav (8 years ago)

Prices of tur fell in the benchmark market of Akola due to subdued demand from dal millers. Uncertainty over the government’s decision to procure additional tur is also seen weighing on prices. In Akola, tur was sold at 3,800 rupees per 100 kg, down 50 rupees from while arrivals unchanged at 1,500-2,000 bags (1 bag = 100 kg).

Barley prices at 1-week high in Jaipur on low supply.
Ram Gopal Yadav (8 years ago)

Prices of barley hit a one-week high in the benchmark market of Jaipur due to a fall in arrivals and improved demand from stockists. Demand from poultry feed industries also supported prices of the commodity. Subdued demand from malt manufacturing companies and imports of the coarse grain from Argentina, however, capped gains in prices.

NCDEX soybean down 1% on monsoon forecast, CBOT cues.
Ram Gopal Yadav (8 years ago)

Soybean contracts on NCDEX down because of forecast of normal monsoon by the IMD and tracking overnight weakness in benchmark contracts on CBOT. Soybean, accounting for the bulk of India’s oilseed production, is a kharif crop and its productivity depends largely on the spread and distribution of the south west monsoon rainfall.

Mustard prices down in Jaipur on good monsoon forecast
Ram Gopal Yadav (8 years ago)

Prices of mustard seed in Jaipur fell because of India Meteorological Department’s forecast of normal monsoon, which lifted expectation of a better crop for kharif oilseeds in 2018-19 (Jul-Jun). Arrivals of mustard seed fell to 200,000 bags in Rajasthan, down from 220,000. As on Apr 16, warehouse stocks were at 75,507 tn compared with 60,149 tn a week ago.

India mustard oil weakens on sluggish demand.
Ram Gopal Yadav (8 years ago)

Mustard oil prices softened by at the wholesale oils and oilseeds market owing to slackened demand. Castor and linseed oils in the non-edible section, also eased on reduced offtake by consuming industries. Besides easing local demand, adequate stocks positions on increased arrivals from producing belts, mainly led to a decline in mustard oil prices.

Brazil, Argentina may fill the US soybean export gap.
Ram Gopal Yadav (8 years ago)

Argentina and Brazil may fill China’s soybean needs if China imposes a 25% tariff on U.S. soybean exports. The impact depends on what happens during negotiations. It is so hard to say, This is what is going to happen. There are so many other moving parts. This is a disagreement between the U.S. and China, but it has amifications for Argentina and Brazil.

NCDEX marks 6,510 tn soybean for staggered delivery in Apr
Ram Gopal Yadav (8 years ago)

The National Commodity and Derivatives Exchange on Tuesday marked 6,510 tn soybean, 2,230 tn mustard, and 2,050 tn of cottonseed oilcake for staggered delivery in the April contract. The exchange also marked 1,950 tn wheat, 1,330 tn castor, 830 tn guar seed, 440 tn coriander, 380 tn chana, 375 tn jeera, 370 tn barley, 315 tn guar gum, and 55 tn turmeric for staggered delivery in the same contract. The April series of these commodities will expire on Apr 20.

Jaipur barley up on low supply despite peak season
Ram Gopal Yadav (8 years ago)

Prices of barley rose in Jaipur, the benchmark market, due to a fall in arrivals despite its peak season. Supplies have declined because farmers are holding back their produce on expectation of a further rise in prices. However, weak demand from malt industries capped gains.