Futures contracts of coriander were down on the NCDEX because traders booked profits after the December futures hit a seven-month high. The most active January contract ended down 0.3% from the previous close. The prices had risen earlier in anticipation of lower acreage under the spice in the major growing states of Gujarat and Rajasthan in the ongoing rabi season.
Punjab procures 17.8 MMT paddy and Haryana7.1 MMT.
Punjab procures 17.8 MMT paddy and Haryana7.1 MMT.
Four-fold increase in paddy procurement in UP.
Four-fold increase in paddy procurement in UP.
Phoenix looks to India to feed Africa as part of rice expansion.
Phoenix looks to India to feed Africa as part of rice expansion.
EU countries move to limit rice imports from Cambodia.
EU countries move to limit rice imports from Cambodia.
India wheat sowing down 6.23%, to pick pace in coming weeks, says govt.
India wheat sowing down 6.23%, to pick pace in coming weeks, says govt.
Wheat bran exports from Ukraine continue increasing.
Wheat bran exports from Ukraine continue increasing.
Karnataka corn growers caught in a maze of low prices, procurement delays, surplus stocks.
Karnataka corn growers caught in a maze of low prices, procurement delays, surplus stocks.
Kenya, Mexico ink maize import deal for cheap grain.
Kenya, Mexico ink maize import deal for cheap grain.
US investors cut net short position in corn futures by 41.5%.
US investors cut net short position in corn futures by 41.5%.
All-India cotton arrivals up 6,000 bales on Dec 06.
All-India cotton arrivals up 6,000 bales on Dec 06.
Pink bollworm hits some Telangana cotton crop; govt issues advisory.
Pink bollworm hits some Telangana cotton crop; govt issues advisory.
India coffee exports during Jan 1- Dec 7.
India coffee exports during Jan 1- Dec 7.
West Bengal rice farmers see a bright spot in Africa.
West Bengal rice farmers see a bright spot in Africa.
Soybean prices rise in Indore as arrivals slide
Prices of soybean in Indore rose due to lower arrivals of the oilseed in the spot market. Improved demand from crushers due to rising soymeal exports is also seen supporting prices. The most-active January contract of soybean was, however, down 21 rupees on the NCDEX.
CBOT soybean down on lower demand for US crop October
Futures contracts of soybean were down on lower demand for the US crop in October. The most-active January soybean contract on CBOT was at $9.99 per bushel, down 0.4% from the previous close. Sharp downside in prices is unlikely as the crop in Argentina may be hit due to dry weather.
Mustard down in Jaipur as high prices weigh on demand
Prices of mustard seed fell in the key wholesale market of Jaipur, Rajasthan. Despite lower acreage under the crop in 2017-18, higher carryover stocks of the seed in the local market are seen weighing on the sentiments. The most active January contract of mustard seed on the NCDEX traded down 0.7% taking cues from the spot market.
CBOT soyoil hits two-month low on Malaysia CPO cues
Futures contracts of soyoil on the CBOT hit a near two-month low of 32.93 cents per pound. Tracking losses in crude palm oil contracts on the Bursa Malaysia Derivatives. Prices of crude palm oil and soyoil typically move in tandem, as they are used as substitutes for each other. The most-active January contract of soyoil on the CBOT was at 32.95 cents per pound, down 0.7% from the previous close.
Ukraine decline in sunseed crushing this season
Sunoil production by large and medium-sized crushers totaled 508.7 KMT in October 2017/18, or 47% more than in September (345.8 KMT), but 1.3% below October’s record of 515.6 KMT registered in MY 2016/17. Sunseed crushing volumes hold at a high level early in the current 2017/18 season, but sunoil output is down 6.6% from last year’s record, at 854.5 KMT against 915.4 KMT a year ago.
Abares raised its estimate for Australia’s 2017-18 canola
Abares raised its estimate for Australia’s 2017-18 canola crop by 100,000 tonnes to 2.85m tonnes, citing an improvement to prospects in Western Australia, which more than offset the setbacks in New South Wales from extremes of excessive wemetric tonneess, following on from drought.