NCDEX coriander hits 2-week high as output may fall
Ram Gopal Yadav (8 years ago)

Futures contract of coriander on the NCDEX hit a two-week high of 5,714 rupees per 100 kg today due to expectations of lower rabi output following an over 40% decline in acreage. The most active January contract of coriander on the NCDEX was at 5,685 rupees per 100 kg, up 1.9% from the previous close. Lower moisture and unfavourable weather conditions have been witnessed in major states (Gujarat and Rajasthan), which may reduce the yield of coriander seeds.

Jaipur mustard seed down on poor demand; futures up
Ram Gopal Yadav (8 years ago)

Prices of mustard seed fell in the benchmark wholesale market of Jaipur in Rajasthan due to subdued demand for the oilseed from oil mills. Futures contracts of mustard seed on NCDEX, however, traded higher tracking gains in soybean contracts. The most-active April contract of mustard seed on NCDEX traded up 1% from the previous close.

European vegoils-Palm oil firmer on positioning ahead of reports
Ram Gopal Yadav (8 years ago)

Palm oil on the European vegetable oils market was stronger, tracking gains in Malaysian palm oil futures on positioning ahead of Wednesday’s MPOB supply/demand and stocks report. Prices for palm oil were between unchanged and $10 a tonne higher after Malaysian palm oil futures closed between 13 and 31 ringgit higher as futures traders anticipate better exports ahead of data due later this week. CBOT soyoil futures were between 0.27 and 0.41 cents per lb lower.

Argentine soy planting pushed by drought into mid-January
Ram Gopal Yadav (8 years ago)

The drought afflicting Argentina’s soy belt is expected to worsen this week, pushing farmers to risk planting later than usual and raising the risk of frosts later in the season. With an estimated 2.25 million hectares yet to be sown. Rainfall should improve between Jan. 15 and Jan. 20. But until then there will be no important rains.

Malaysia palm oil production and stocks to rise in my 2017/18
Ram Gopal Yadav (8 years ago)

Production for MY2017/18 remained within Posts forecast of 21 million tons. Post El-Nino recovery will see production increase by month-on-month basis and will peak on third and last quarter of MY 2017/18. Total harvested area in 2017/18 is projected to increase to 5.2 million hectares.