Lack of sun in southern Brazil soy states hurts yields
Ram Gopal Yadav (8 years ago)

Wet, cloudy weather is dragging down soybean yields in Brazil’s second largest soybean producing state of Parana, local farmers. Brazil is coming off a record 2016/17 soybean harvest of 114 million mt that was aided by near perfect weather nationally. However, after irregular rains delayed the start of planting of the current crop in late 2017, most forecasts projected a drop in yields for the 2017/18 harvest. In Parana, which last year produced 18 million mt of beans, or 16% of the total crop, overcast skies and heavy rain have set in since the New Year.

NCDEX coriander down 1% on profit booking, spot unchanged
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander fell over 1% on NCDEX as investors booked profits. The most-active April contract of coriander on NCDEX was at 5,875 rupees per 100 kg, down 1.2% from the previous close. Prices of coriander are likely to remain steady for the next two weeks as traders are reluctant to purchase the new crop that has high moisture.

NCDEX mustard seed down tracking benchmark market
Ram Gopal Yadav (8 years ago)

Futures contracts of mustard seed on the NCDEX fell, tracking losses in the benchmark market of Jaipur. Prices of mustard seed fell in Jaipur due to a rise in arrivals amid subdued demand from domestic stockists and oil millers after a recent surge in prices. Expectations of a fall in output of the oilseed in Rajasthan, however, cushioned the fall in prices. The most active April contract on the NCDEX was down 30 rupees.

NCDEX soybean up on supply worries, short covering
Ram Gopal Yadav (8 years ago)

Futures contracts of soybean rose on the NCDEX on concerns over a likely fall in arrivals in the coming days. The most active February contract was up 29 rupees. Talks of a hike in duty on the edible oil are also seen lifting prices.

NCDEX coriander hits 3% upper cap on bargain buying
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander on NCDEX hit the 3% initial upper circuit because investors bought the commodity after prices fell to a one-week low. The most-active April contract of coriander on NCDEX traded at 5,914 rupees per 100 kg, up 2.7% from the previous close. Expectation of lower production in 2017-18 (Oct-Sep) as farmers shifted from coriander to jeera following attractive prices of the latter last year, also supported coriander futures.