Mustard seed prices down in Jaipur on weak demand.
Ram Gopal Yadav (9 years ago)

Prices of mustard seed were down in Jaipur because of weak demand from domestic oil millers and crushers. The arrivals in Rajasthan, however, were unchanged. On NCDEX, the most-active April contract of the oilseed was down 1 rupee from the previous close.

NCDEX soybean hits 3% upper cap on millers’ demand
Ram Gopal Yadav (9 years ago)

Soybean contracts on the NCDEX hit the 3% upper circuit because of demand from oil millers. The most active February futures were up 2.9%. Gains in soybean contracts on the CBOT are also seen supporting domestic prices of the oilseed.

NCDEX coriander hits 8-month high on low crop view
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander hit an eight-month high of 5,848 rupees per 100 kg on the NCDEX as production in the ongoing rabi season is likely to decline. The most-active April contract of coriander was at 5,840 rupees per 100 kg, up 2.3% from the previous close. Low prices during the sowing season made farmers shift to other remunerative crops. Prices of coriander were unavailable in Rajasthan as markets were shut on account of Basant Panchami.

Indian government may raise vegoil import duty third time since Aug 2017.
Ram Gopal Yadav (9 years ago)

Indian government may raise the import duty on vegetable oils such as refined palm oil and palm olein, sunflower oil and cottonseed oil for the third time since August 2017, amid lobbying by the country’s refiners and to protect local farmers. This move could come ahead of key state and general elections due to be held in 2018 and 2019, to attract farmerr. The government had raised import duties in August 2017 and again in November in the wake of intense lobbying by the Indian refiners, and in order to cater to farmers requests ahead of a key state election in Gujarat.