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.

Soybean up in Indore on firm demand, low arrivals
Ram Gopal Yadav (8 years ago)

Prices of soybean rose in Indore, the benchmark market for the commodity, due to good demand for the oilseed from crushers and lower arrivals.Prices of the oilseed is likely to rise further in the coming days due to shrinking arrivals. The most active February futures contract of soybean on NCDEX ended up 0.9% from previous close.

Malaysia CPO ends higher due to fall in Dec output
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended higher due to a month-on-month decline in the country’s production in December. Malaysia’s crude palm oil output in December fell 5.6% on month to 1.8 mln tn. The most-active March contract of crude palm oil on the Malaysian bourse settled at 2,621 ringgits (41,683.75 rupees) per tn, up 0.9% from the previous close. Higher stocks at the end of December, however, capped the gains. The southeast Asian country’s crude palm oil stocks at the end of December were at 1.7 mln tn, up 12.2% on month.

USDA arm sees 2017-18 Malaysia palm oil exports at 18 mln tn, up 6%
Ram Gopal Yadav (8 years ago)

Malaysia’s palm oil exports in 2017-18 (Oct-Sep) are estimated at 18 mln tn, up 5.9% on year. The USDA arm has pegged Malaysia’s total domestic consumption marginally higher at 3.19 mln tn, compared with 3.17 mln tn. “The increase is in line with population growth and marginal growth in biodiesel production for domestic consumption. Malaysia’s palm oil ending stocks in 2017-18 are estimated to fall to 1.5 mln tn from 1.7 mln tn a year ago.