Mustard seed prices up in Jaipur as acreage down
Ram Gopal Yadav (9 years ago)

Prices of mustard seed rose in Jaipur due to a decline in the area under the oilseed and higher demand from oil millers and crushers. The area under the mustard crop across the country fell 5% on year to 6.7 mln ha in the 2017-18 (Jul-Jun) rabi season. Lower arrivals also supported prices of the oilseed.

India 2017-18 mustard crop seen dn 10% at 5.9 mln tn
Ram Gopal Yadav (9 years ago)

India’s mustard output in 2017-18 (Jul-Jun) is seen falling nearly 10% to 5.9 mln tn due to a decline in acreage amid dry weather conditions. Mustard acreage in the ongoing rabi season has declined due to low moisture level on the back of prolonged dry spell in key growing areas. Diversion of sown area to chana due to better realisation in the previous season had a negative impact on mustard acreage

NCDEX coriander down on high imports, low demand
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander fell marginally on the NCDEX due to a rise in imports of the spice and subdued demand for the new crop because of higher moisture content. The most-active April contract of coriander was down 0.6%.

NCDEX soybean hits 2-week low on subdued demand
Ram Gopal Yadav (9 years ago)

Futures contracts of soybean hit a two-week low of 3,539 rupees per 100 kg due to subdued demand from oil millers. The most-active February contract was down 1.5% from the previous close. In the past few days, soybean prices rose more than that expected in the spot market and therefore, now there is some selling pressure. Weakness in the soybean contracts on the CBOT is also seen weighing on prices.

Malaysia CPO rises on bargain buys post 2-week low
Ram Gopal Yadav (9 years ago)

The April futures contract of crude palm oil on the Bursa Malaysia Derivatives ended over 1% higher due to bargain buying after prices hit a two-week low of 2,445 ringgits per tn earlier. The most-active April contract of crude palm oil on the Malaysian bourse settled at 2,493 ringgits (40,955.24 rupees) per tn, up 1.1% from the previous close. Gains in soyoil contracts on CBOT also supported crude palm oil prices on the Malaysian bourse.