NCDEX coriander up 2% on firm demand, low acreage

Futures contracts of coriander on the NCDEX rose for the third consecutive day and gained over 2% on the back of higher demand from domestic retailers amid a decline in acreage this season. The most-active January contract of coriander on the NCDEX was up 2.3% from the previous close.

Soybean prices up in Indore on low arrivals

Prices of soybean in Indore were up because of low arrivals. Low availability of quality stocks is also seen supporting prices of the oilseed. On NCDEX, the most-active January contract was up by 14 rupees.

NCDEX soybean stocks at 9-month high as futures above spot price

Inventories of soybean at NCDEX-accredited warehouses rose to a nine-month high as futures are trading above spot prices. Stocks of the oilseed at exchange warehouses were pegged at 207,966 metric tonne, 1,206 metric tonne higher from previous close. The most-active January contract was up 0.6% from the previous settlement. Soybean prices are trading above the minimum support price and this also led to an increase in the warehouse stocks.

NCDEX marks 2,920 metric tonne soybean for staggered delivery

NCDEX marked 2,920 metric tonne of soybean and 1,010 metric tonne castor seed for staggered delivery in the December contract. The exchange also marked 740 metric tonne guar seed, 280 metric tonne wheat, 180 metric tonne cottonseed oilcake, 120 metric tonne each of chana and mustard seed, 117 metric tonne jeera, 80 metric tonne coriander, 15 metric tonne guar gum and 10 metric tonne turmeric for staggered delivery in the December contract.

NCDEX coriander contracts up 1% as acreage falls

Futures contracts of coriander on NCDEX rose 1% because the area under the spice in the current season declined, as farmers have shifted to other lucrative crops. The most active January contract of coriander on NCDEX was up 1% from the previous close. In Gujarat, the second-largest producer of coriander, the commodity was sown across 67,500 ha, 43% lower on year.