Indonesia palm oil exports down 5.6% on month at 2.6 mln tn in Oct.
Ram Gopal Yadav (9 years ago)

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.

Malaysia CPO ends over 2% higher on bargain buying
Ram Gopal Yadav (9 years ago)

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.

Coriander prices rise in Kota as acreage may halve
Ram Gopal Yadav (9 years ago)

Prices of coriander rose in Kota–the benchmark market in Rajasthan–as acreage in the top producing state is likely to halve this rabi season. Prices also gained as imports from Russia and Bulgaria are expected to decline as global prices have risen to $420 per metric tonne from $400 in August.

NCDEX coriander hits 3% lower cap on profit booking
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander on NCDEX hit the 3% lower circuit as investors booked profits after prices hit a one-week high. The most-active January contract of coriander traded down 2.95% from the previous close. Coriander prices are also under pressure due to muted demand and ample supply.