India Edible Oil Extend gains, soybean hits high
Ram Gopal Yadav (8 years ago)

The futures contracts of all components of the edible oil basket rose on the domestic exchanges. The most active February contract of soybean on the NCDEX hit an over 17-month high of 3,589 rupees per 100 kg today, taking cues from spot markets where prices were up due to higher demand from oil millers. The supply of the oilseed is expected to fall in the coming days which is seen supporting the prices

Mustard up in Jaipur on rise in demand for meal
Ram Gopal Yadav (8 years ago)

Prices of mustard seed were up at Jaipur in Rajasthan due to demand from crushers. There is good demand for the oilseed for mustard meal. Gains in soybean prices were also seen supporting mustard prices. The most active April futures of mustard seed on the NCDEX are up 0.7% at 4,102 rupees

New mustard crop arrivals start in Kota; prices down on weak demand
Ram Gopal Yadav (8 years ago)

Arrivals of mustard seed from the new crop have commenced in the key market of Kota in Rajasthan, but low demand for the commodity weighed on prices. Prices of the oilseed were down compared to last year, due to lacklustre demand from domestic oil millers and crushers. The new arrivals, which contain 18-20% moisture.

Malaysia CPO ends higher tracking CBOT soyoil
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended higher today tracking soyoil contracts on CBOT. The most active April contract of crude palm oil on the Malaysian bourse settled at 2,493 ringgits (40,509.63 rupees) per tn, up 0.7% from the previous close.

Belarus decreased rapeseed imports 21% to 4.2 KMT
Ram Gopal Yadav (8 years ago)

According to the National Statistics Committee of the Republic of Belarus, soybean imports grew to 106 KMT in the first 11 months of 2017 that is up 51% year-on-year. Rapeseed supplies decreased 21% to 4.2 KMT. At the time, the key soybean exporter to the country was Ukraine (106 KMT), while the rapeseed was supplied mostly by Russia (3.9 KMT).

NCDEX coriander up over 2% on low output concern
Ram Gopal Yadav (8 years ago)

Futures contracts of coriander rose over 2% on the NCDEX because of concern over a decline in production in 2017-18 (Oct-Sep), aided by lower arrivals. The most-active April contract traded at 5,940 rupees per 100 kg, up 1.6% from the previous close.

New coriander crop makes way into Gujarat mkts; supply at 450 bags
Ram Gopal Yadav (8 years ago)

Arrivals of the new coriander crop have started in the spot markets of Rajkot, a key market in Gujarat, since last week, with daily supply at 450-500 bags (1 bag = 40 kg). Arrivals are coming from Gondal and Junagadh regions in Gujarat and there is around 20-25% of moisture content in the new crop. As of now, demand for the new crop is low as moisture content is more than the ideal level of 7-8%. Expect demand to rise in the coming days, when moisture content will decline, adding that prices may then rise to 5,250 rupees a 100 kg.