Soy may gain 15% more in Jan as export sop, duty hike to clip supply
Ram Gopal Yadav (8 years ago)

The bullishness in soybean is set to sustain and prices may rise by another 15% by end January due to shrinking supplies as the government topped up the import duty hike in crude and refined soy oil with export sops for soymeal. Currently, soybean prices are hovering at 3,000-3,050 rupees per 100 kg. The hike in import duty–to 30% from 17.5% for crude soyoil and to 35% from 20% for refined soyoil–led to a correction in soybean prices to an extent by restricting supplies. The export incentive on soymeal gave a further fillip.

MCX CPO down tracking prices on Bursa Malaysia
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on the MCX fell, tracking losses in benchmark contracts on the Bursa Malaysia Derivatives. The most-active January contract on the domestic bourse was at 565.5 rupees per 10 kg, down 0.2% from the previous close. Prices on the Malaysian bourse fell due to an-month decline in the southeast Asian country’s palm oil exports during Dec 1-15.

Soybean prices down in Indore on cues from CBOT
Ram Gopal Yadav (8 years ago)

Prices of soybean in Indore fell, tracking weakness in CBOT soybean contracts. CBOT soybean contracts were down as favourable weather in Argentina, the third-largest producer of the oilseed in the world, has addressed worries of lower sowing.

NCDEX coriander down on profit booking; spot unchanged
Ram Gopal Yadav (8 years ago)

The most-active January contract of coriander on NCDEX traded down because investors booked profits after prices hit a one-week high. The January contract traded down 0.2% from the previous close. Higher carryover stocks and medium quality of the spice kept prices in a range despite acreage being expected to decline.