Futures contracts of crude palm oil ended higher on the Bursa Malaysia Derivatives after the Malaysian government suspended export duty on the tropical oil for a three-month period. The most active March contract of crude palm oil on the Malaysian bourse hit a one-month high of 2,615 ringgits (41,442.66 rupees) per tn earlier, before settling 0.2% higher at 2,590 ringgits. The decision to suspend export duty was taken to reduce Malaysia’s palm oil stocks and to strengthen prices. The country’s palm oil stocks were at a near two-year high of 2.56 mln tn at the end of November. The suspension will be lifted before the three-month period if the southeast Asian country’s stock level declines to 1.6 mln tn.
BJD to stage protest in 10 districts demanding hike in paddy MSP in Odisha.
BJD to stage protest in 10 districts demanding hike in paddy MSP in Odisha.
Coriander down in Kota as arrivals up, demand low
Prices of coriander were down in the benchmark market of Kota, Rajasthan, due to an increase in arrivals and sluggish demand from stockists. The most active January contract of coriander on the NCDEX was down 1.1%.
Drought in Argentine Impacting Soy Crop, Prices On The Rise
Drought in Argentine Impacting Soy Crop, Prices On The Rise. Rain expected in parts of Argentina in next few days and created some brief sell pressure.
Russian wheat increased its presence in Vietnam’s market.
Russian wheat increased its presence in Vietnam’s market.
Ukraine flour and bran production continues to fall.
Ukraine flour and bran production continues to fall.
Prairie wheat bids fall as dollar rises.
Prairie wheat bids fall as dollar rises.
Wheat down in Delhi as demand weak, harvest looms.
Wheat down in Delhi as demand weak, harvest looms.
Sudan to eliminate wheat subsidies.
Sudan to eliminate wheat subsidies.
CBOT wheat down on profit booking post 2-month high.
CBOT wheat down on profit booking post 2-month high.
Maharashtra urges Centre to extend maize procurement deadline.
Maharashtra urges Centre to extend maize procurement deadline.
About Sh90 subsidised maize flour running out of stock in Kenya.
About Sh90 subsidised maize flour running out of stock in Kenya.
Kenya farmers rush to deliver maize after price increased.
Kenya farmers rush to deliver maize after price increased.
India export share in global rice trade rise to 29% in 2017-18 (Oct-Sep) vs 26.7% in LY.
India export share in global rice trade rise to 29% in 2017-18 (Oct-Sep) vs 26.7% in LY.
Bangladesh Jul-Dec rice imports at 20-year high.
Bangladesh Jul-Dec rice imports at 20-year high.
Vietnam likely to export 6.3 MMT rice in 2018
Vietnam likely to export 6.3 MMT rice in 2018
Bihar farmers told to control mustard plant disease.
IMD’s Agrimet has asked farmers in Bihar to control white rust disease in mustard crop. Humid weather conditions are ideal for the spread of white rust in mustard crop. The rust causes swelling and distortion of the stem and floral parts, which eventually hits the yield.
India rice prices gain as Bangladesh traders lap up new crop.
India rice prices gain as Bangladesh traders lap up new crop.
MCX CPO futures down on Bursa Malaysia cues.
Futures contracts of crude palm oil on the MCX were down, tracking benchmark contracts on the Bursa Malaysia Derivatives. The most-active January contract on the domestic bourse was at 562.7 rupees per 10 kg, down 0.3% from the previous close. Prices on the Malaysian bourse fell today due to a strong ringgit against the US dollar and expectations of a month-on-month rise in Malaysia’s palm oil stocks in December. Investors now await Malaysian Palm Oil Board’s data on palm oil output, exports, and inventory for December.
NCDEX coriander down on higher arrivals, weak demand
Futures contracts of coriander on the NCDEX fell as arrivals increased in the spot markets. The April contract of coriander on the NCDEX was down 0.3%. Demand for the spice remained sluggish as stockists await new crop arrivals.