Futures contracts of crude palm oil were down on the MCX as demand from market participants remained subdued at prevailing high prices. Prices of crude palm oil have risen around 6% since Nov 15 on the MCX, after the government raised base import price and import duty on the commodity. The most-active December contract was trading down 0.53% at 583.3 rupees per 10 kg on the MCX.
India donates 500 tonnes of rice to Lesotho (Southern Africa).
India donates 500 tonnes of rice to Lesotho (Southern Africa).
Malaysia CPO ends down 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 February contract closed at 2,563 ringgits per metric tonne, down 0.9% from the previous close.
Vietnam sends 1000 MT of rice to Cuba in ongoing solidarity after Hurricane Irma.
Vietnam sends 1000 MT of rice to Cuba in ongoing solidarity after Hurricane Irma.
UK rapeseed sowings pull out of five-year decline
Rapeseed plantings are on the rise in the UK. Estimated at 9% to 616,000 hectares the increase in rapeseed plantings ahead of the 2018 harvest.
Pakistan to send a delegation of rice exporters to Sri Lanka.
Pakistan to send a delegation of rice exporters to Sri Lanka.
Malaysia CPO ends tad down on firm ringgit vs doller
Futures contracts of crude palm oil ended marginally lower on the Bursa Malaysia Derivatives due to a strong ringgit against the dollar. Expectations of a fall in the Southeast Asian country’s palm oil exports in November due to low demand further weighed on the prices on the Malaysian bourse. The most-active February contract of crude palm oil on the Malaysian bourse closed at 2,587 ringgits (40,650.30 rupees) per metric tonne, down 0.1% from the previous close.
Russia corn stocks down 24% year-on-year.
Russia corn stocks down 24% year-on-year.
China imports corn as domestic prices rise.
China imports corn as domestic prices rise.
CBOT corn hits contract low on pressure from ample supplies.
CBOT corn hits contract low on pressure from ample supplies.
Philippine govt must allow farmers to export corn.
Philippine govt must allow farmers to export corn.
KRBL head Mittal sees basmati supply down 20-22% this year.
KRBL head Mittal sees basmati supply down 20-22% this year.
Haryana set to register record arrival of paddy this year.
Haryana set to register record arrival of paddy this year.
Punjab Cabinet reviews progress of paddy procurement.
Punjab Cabinet reviews progress of paddy procurement.
Indonesia seeks 20% of Malaysia rice import quota.
Indonesia seeks 20% of Malaysia rice import quota.
India wheat output seen rising to curb imports.
India wheat output seen rising to curb imports.
EU wheat hits new contract lows following Chicago drop.
EU wheat hits new contract lows following Chicago drop.
NCDEX mustard down 1% on profit booking; up in spot
Futures contracts of mustard seed on the NCDEX were down nearly one percent as investors booked profits after hitting a 10-month high. The most active December contract on the NCDEX was down 0.9% from previous close.
India wheat recovers on increased offtake by flour mills.
India wheat recovers on increased offtake by flour mills.
NCDEX soybean futures end down on profit booking
Futures contracts of soybean gave up early gains to close lower on the NCDEX owing to profit booking. The most-active December contract ended down 0.5% from the previous close. Prices rose earlier on talks of an increase in incentive on export of oilmeals to 10% from 5%.