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.

NCDEX coriander hits 2-wk low on weak bulk demand
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander on the NCDEX declined, tracking prices in spot markets that fell due to lower demand from stockists. The front month April contract on the NCDEX shed 0.9% to close at a two-week low. Prices of coriander also fell in key market Gondal. Demand for coriander from spice makers and stockists fell as they have covered their near-term requirement.

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