Indonesia to import rice from Vietnam
Coriander prices rise in Kota on likely smaller crop
Prices of coriander today rose in marginally in Kota, the benchmark market in Rajasthan, due to a likely lower output in 2017-18 (Oct-Sep). Other key markets–Baran and Ramganj–were closed today due to a protest carried out by Vishva Hindu Parishad.
NCDEX coriander futures down as supply seen rising
Futures contracts of coriander on NCDEX fell because of expectations of a rise in supply in spot markets. The most-active April contract on the bourse traded at 6,108 rupees per 100 kg, down 0.4% from previous close. Supply in Rajasthan may rise in coming days as NCDEX has marked 6,550 tn of coriander for staggered delivery in the January contract.
IMD says ground frost likely in Punjab, Rajasthan damage the wheat.
IMD says ground frost likely in Punjab, Rajasthan damage the wheat.
Easing U.S wheat’s entry into Canada called priority.
Easing U.S wheat’s entry into Canada called priority.
Hard Spring Wheat show will bring the cutting edge of the wheat world to Williston.
Hard Spring Wheat show will bring the cutting edge of the wheat world to Williston.
Kazakh wheat exports switched from Iran to Central Asian markets.
Kazakh wheat exports switched from Iran to Central Asian markets.
India rice rates gain as Bangladesh keeps up purchases; Vietnam ends flat run.
India rice rates gain as Bangladesh keeps up purchases; Vietnam ends flat run.
Bangladesh develops first GMO rice variety.
Bangladesh develops first GMO rice variety.
NFA (Philippine) wants to import rice soon as stockpile good for only 3 days.a
NFA (Philippine) wants to import rice soon as stockpile good for only 3 days.a
Farmers should get cost of their paddy within 24 hours, says Odisha CM.
Farmers should get cost of their paddy within 24 hours, says Odisha CM.
Indore soybean down as arrivals up ahead of weekend
Prices of soybean fell in Indore, the benchmark wholesale market for the commodity, due to an increase in arrivals ahead of the weekend. Arrivals rose as farmers brought more of their produce to take advantage of current higher prices. The most-active February contract of soybean on NCDEX fell 0.8%.
All-India cotton arrivals up at 176,500 bales
All-India cotton arrivals up at 176,500 bales
Malaysia CPO hits near two-week low on firm ringgit
The March futures contract of crude palm oil on the Bursa Malaysia Derivatives hit a near two-week low of 2,528 ringgits (40,497.92 rupees) per tn due to a strong ringgit against the dollar. A firm ringgit makes the commodity more expensive for buyers holding other currencies. The most-active March contract of crude palm oil on the Malaysian bourse settled at 2,545 ringgits per tn, down 0.9% from the previous close.
MCX cotton at 6-mo high on output worry, global cues.
MCX cotton at 6-mo high on output worry, global cues.
Argentina to cut soy export taxes over next two years
As Argentine soybean farmers raced to get their crop in the ground last fall, they at least can say they’re facing some potentially lower costs down the road: The administration announced a plan to cut the retentions—export taxes on soybeans—by half a percent monthly. In December the withholdings were at 30% and will end 2018 with a rate of 24%. By December 2019, they will be at 18%.
Global coffee body sees 2017-18 output at 158.8 mln bags, up 0.7% YoY.
Global coffee body sees 2017-18 output at 158.8 mln bags, up 0.7% YoY.
Russia growers in Primorye region increased the soybean crop by 35%
Primorye farmers harvested more than 380 KMT of soybeans in 2017. According to preliminary estimates, this is up 35% from last year’s crop.
Bulgaria oilseed market remained sluggish last week
Bulgaria’s domestic oilseed market still featured sluggish trade during last week. Traders were busy with executing previously signed contracts. Consequently, some 75 KMT of sunseed and 7 KMT of rapeseed were exported over the week, mostly to the EU. Sunseed price closed the week unchanged at BGN 549/MT (USD 336/MT, or up USD 1/MT) and rapeseed price did it at BGN 710/MT (USD 435/MT, or up USD 2/MT).
Russia keeps reducing palm oil imports
Palm oil imports to Russia totaled 35 KMT in November 2017, i.e. they decreased by more than half from the previous month (73 KMT). mports were down more than 13% year-on-year in the first three months of MY 2017/18 at 202 KMT against 232 KMT a year ago. As expected, the current marketing year continues witnessing a downward trend in palm oil purchases by Russia.