NCDEX cotton oilcake at 5-month high on supply concerns.
All-India cotton supply hit due to ginners’ strike.
All-India cotton supply hit due to ginners’ strike.
Maharashtra to compensate cotton farmers for loss from pink bollworm.
Maharashtra to compensate cotton farmers for loss from pink bollworm.
Indonesia palm oil exports down 5.6% on month at 2.6 mln tn in Oct.
Indonesia’s palm oil exports fell 5.6% on month to 2.6 mln tn in October as demand from India and Pakistan declined. Export of palm oil, excluding oleochemical and palm oil-based biodhiesel, to India fell 16% on month to 544,170 tn partly due to higher import duties, while exports to Pakistan dropped 32% on month to 144,260 tn. On the other hand, the country’s palm oil exports to China, the European Union, the US, and Bangladesh increased 14%, 18%, 11% and 22% on month in October to 423,740 tn, 474,500 tn, 120,780 tn and 151,860 tn, respectively.
India coffee exports during Jan 1 – Dec 14 .
India coffee exports during Jan 1 – Dec 14 .
Malaysia CPO ends over 2% higher on bargain buying
The February contract of crude palm oil ended over 2% higher on the Bursa Malaysia Derivatives due to bargain buying after prices hit a 16-month low of 2,375 ringgits (37,289.83 rupees) per tn. The most active February contract closed at 2,515 ringgits per tn, up 2.6% from the previous close. Crude palm oil inventories in Malaysia rose 21% on month to 1.49 mln tn in November.
Mustard down in Jaipur on low demand for edible oil
Prices of mustard seed fell slightly in Jaipur, the benchmark market for the commodity, because of sluggish demand for edible oil. The most active January futures on the NCDEX were down 0.7%.
Soybean prices down in Indore on cues from CBOT
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.
Jordan tenders again to buy 0.1 MMT wheat.
Jordan tenders again to buy 0.1 MMT wheat.
Algerian wheat purchase raises US farmer hopes for exports.
Algerian wheat purchase raises US farmer hopes for exports.
France cuts wheat export hopes, after slowdown in shipments to non-EU buyers.
France cuts wheat export hopes, after slowdown in shipments to non-EU buyers.
Brazil decree allows wheat imports from Russia.
Brazil decree allows wheat imports from Russia.
EU wheat subdued as export gloom persists.
EU wheat subdued as export gloom persists.
India wheat rises on increased offtake.
India wheat rises on increased offtake.
Wheat lift from Canada supports bearish tone: USDA.
Wheat lift from Canada supports bearish tone: USDA.
Jaipur mustard tad down on sluggish demand for meal.
Prices of mustard seed were slightly down in Jaipur because of sluggish demand for the oilmeal from the cattle feed industry. The most active January futures on the NCDEX were down 0.3%.
CBOT wheat up on improved South America weather weighs on soybean prices.
CBOT wheat up on improved South America weather weighs on soybean prices.
Soybean prices unchanged in Indore but seen rising.
Soybean prices were unchanged in the key wholesale market of Indore but are likely to rise in the coming days as supplies are falling.
Venezuela Receives Wheat From Russia.
Venezuela Receives Wheat From Russia.
CBOT soybean down as ’17-18 US ending stocks seen up
Futures contracts of soybean fell on the CBOT, after the USDA raised its estimate for US soybean ending stocks for 2017-18 to 12.12 million metric tonne from its earlier estimate of 11.57 million metric tonne. Prices also fell due to a forecast of favourable weather conditions in Brazil and Argentina. The most-active January contract of soybean on the CBOT hit near one-month low of $9.74 per bushel. The January contract was at $9.7450 per bushel, down 0.5% from the previous close.