Spices Most seen down; coriander up as area may fall

Futures contracts of spices, except coriander, may decline on domestic exchanges next week. Futures contracts of coriander, however, may gain as acreage under the crop is expected to fall in the ongoing rabi season. Farmers shifted to chana due to unattractive prices of coriander in the last season and poor rainfall during Jul-Sept.

Indore soy up on higher incentive on soymeal export

Soybean prices in Indore rose due to increase in the incentive on export of soymeal by 2 percentage points to 7% under the Merchandise Export Incentive Scheme. Futures contracts of soybean on NCDEX traded up following the increase in export incentives on soymeal. The most-active January contract traded up 0.4% from previous close.

Malaysia CPO ends lower tracking CBOT soyoil

Futures contracts of crude palm oil ended lower on the Bursa Malaysia Derivatives, taking cues from soyoil contracts on the CBOT. The most-active February contract of crude palm oil on the Malaysian bourse hit an over four-month low of 2,530 ringgits (40,056.7 rupees) per metric tonne.

NCDEX coriander down 1% on profit booking

The most active January contract of coriander fell around 1% on the NCDEX as traders booked profits after the contract hit a seven-month high. The January contract traded down 1% from the previous close.