Soybean up in Indore on lower arrivals, CBOT cues
Ram Gopal Yadav (8 years ago)

Prices of soybean in Indore were marginally up because of lower arrivals and gains in the global market. CBOT May soybean hit a one-year high of $10.5950 a bushel on Monday due to worries of persistent dry weather in Argentina, the largest exporter of soymeal and soyoil. India is one of the largest importer of soyoil from Argentina. The most active March contract on NCDEX was up 0.6%.

Mustard prices fall in Rajasthan on higher arrivals
Ram Gopal Yadav (8 years ago)

Prices of mustard seed in Jaipur fell due to higher arrivals in Rajasthan. Expectation of likely increase in the arrivals of the oilseed after Holi and a better yield are also seen weighing on the prices. The most active April futures of mustard on the NCDEX fell 20 rupees.

CBOT soy hits 1-yr high on Argentina dry weather woes
Ram Gopal Yadav (8 years ago)

The May contract of soybean on the CBOT hit a one-year high of $10.5950 per bushel on Monday because of lingering concerns of dry weather in Argentina, which may result in lower crop in the country. The contract, however, ended slightly lower because of profit booking at $10.46 a bushel, down 1.50 cents.

Malaysia CPO ends flat as weak CBOT soy offsets gains
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives settled largely unchanged as gains due to a weak ringgit against the dollar were offset by weakness in soyoil contracts on CBOT. The most-active May contract of crude palm oil on the Malaysian bourse settled at 2,542 ringgits (42,186.83 rupees) per tn, up 2 ringgits from the previous close.

Ukraine early february’s stocks of all oilseeds down year-on-year
Ram Gopal Yadav (8 years ago)

sunseed stocks in Ukraine totaled 5061.1 KMT on February 1, 2018, i.e. almost 7% less than on the same date last year (5439.3 KMT). This included 2649 KMT stored on farms (down 188.2 KMT, or 6.6% on the year) and 2412.1 KMT held by storage and processing companies (down 190 KMT, or 7.3%). As of February 1, 2018, crusher stocks of oilseeds were down 18.1% year-on-year at 667.6 KMT versus 815.4 KMT they had on February 1, 2017. At the same time, rapeseed stocks were down 24% year-on-year at 66.9 KMT versus 88 KMT on February 1, 2017.

NCDEX coriander up on bargain buys; spot prices flat
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander on the NCDEX rose as investors bought the commodity after prices fell to a near one-week low of 5,420 rupees per 100 kg. The most-active April contract was at 5,514 rupees per 100 kg, up 0.5% from the previous close. Higher arrivals from Gujarat and Madhya Pradesh, the other major producers, are likely to keep coriander prices under pressure in the near term.

Spices Board for import price floor of 60 rupee/kg on coriander
Ram Gopal Yadav (8 years ago)

The Spices Board India has asked the government to impose a minimum import price of 6,000 rupees per 100 kg on coriander in addition to the existing import duty so as to support domestic prices of the spice. Recommended late last year and again sent a reminder to the commerce ministry to levy the minimum import price of 60 rupees a kg. Currently, prices are hovering around 5,600 rupees per 100 kg, while landed price of coriander imported from Ukraine and Russia is around 4,000 rupees even after paying 36.5% import duty which includes 5% integrated goods and services tax.