Malaysia CPO ends 1% higher on firm exports in Dec
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended over 1% higher due to a month-on-month rise in the country’s palm oil exports in December. Cargo surveyor Intertek Agri Services estimated Malaysia’s palm oil exports for December at 1.42 mln tn, up 6.7% on month. The most active March contract of crude palm oil on the Malaysian bourse hit a two-week high of 2,548 ringgits (40,259.83 rupees) per tn earlier, while the March contract settled 1.2% higher at 2,532 ringgits.

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

Prices of coriander rose at the benchmark market of Kota in Rajasthan due to a fall in arrival and firm demand from spices makers. Upside in prices however, is likely to remain limited due to higher carryover stocks. The most active January contract of coriander on NCDEX traded at 5,560 rupees per 100 kg, up 0.8% from the previous close.

Karnataka Oct-Dec sugar output at 1.62 mln tn, up 9.8% on year
Ram Gopal Yadav (8 years ago)

Mills across Karnataka produced 1.62 mln tn sugar during Oct-Dec, up 9.8% from 1.47 mln tn produced a year ago. The mills in the state crushed 16.61 mln tn of sugarcane, higher than 14.73 mln tn crushed during the same period last year. The average sugar recovery from cane in Karnataka, one of the top sugar-producing states, was 9.7% during Oct-Dec, slightly up from 9.6% a year ago. The state has pegged sugar output for the ongoing season at 2.6 mln tn, up 23.8% on year. Mills in Karnataka produced 2.1 mln tn sugar in 2016-17.

Uttar Pradesh Oct-Dec sugar output 3.3 mln tn, up 24% on year
Ram Gopal Yadav (8 years ago)

Mills in Uttar Pradesh have produced 3.32 mln tn of sugar during Oct-Dec, 24% higher than 2.68 mln tn produced a year ago. 116 sugar mills out of 119 were crushing cane in the state. Mills in Uttar Pradesh–the country’s top cane-producing state–have crushed 32.78 mln tn of sugarcane during Oct-Dec, compared with 27.15 mln tn a year ago. The average sugar recovery from cane as of Dec 31 was at 10.14%, up from 9.87% a year ago.

Traders may default on 150,000 tn chana deals on import duty levy
Ram Gopal Yadav (8 years ago)

The imposition of 30% import duty on chana by the government recently is likely to hit deals of around 150,000 tn of the commodity that has been largely contracted from Australia. About 40,000-50,000 tn Australian chana out of the 150,000 tn shipments in transit have been diverted to other destinations such as Dubai, Pakistan and Bangladesh. A sharp fall in domestic chana prices despite a levy of import duty has made these deals unfeasible now.

Tur prices down in Akola, unchanged in Kalaburagi
Ram Gopal Yadav (8 years ago)

Prices of tur were down in Akola, the benchmark market for the pulse, because of expectations of rise in the supplies. Although arrivals are unchanged, the average daily arrivals have increased since the beginning of the week.

MMTC invites bids for sale of 2,893 tn imported masur
Ram Gopal Yadav (8 years ago)

MMTC Ltd has floated a tender to sell 2,893 tn of masur imported from Canada. Minimum offer should be for 250 tn of the pulse. Of the total quantity, 1,018 tn masur is at the Central Warehousing Corp Import & Export Godown in Kolkata and 1,875 tn in Howrah.