Prices of mustard seed were up in the benchmark market of Jaipur, Rajasthan, as higher demand for mustard oil due to the winter supported seed prices. A fall in arrivals amid improved demand from domestic oil millers and crushers also supported prices.
NCDEX soybean down on profit booking post recent rise
Futures contracts of soybean on NCDEX fell nearly 1% as investors booked profits after prices rose in the last four trading sessions following the hike in import duty on the oilseed. The most-active December contract of soybean on NCDEX was down 0.8% from previous close.
NCDEX mustard at 8-month high; meal export sop eyed
Futures contracts of mustard seed hit an eight-month high of 4,029 rupees per 100 kg on NCDEX on talks of an increase in incentive on export of oilmeals to 10% from 5%. On NCDEX, the most-active December contract was up 0.9%.
India NCDEX soybean rises towards MSP; mustard up
Futures contracts of soybean rose towards the minimum support price following reports that the government may double incentive on export of oilmeals. The most active December contract of soybean on the NCDEX ended 0.4% higher. The minimum support price of soybean for 2017-18 is 3,050 rupees per 100 kg, which includes a one-time bonus of 200 rupees.
Brazil’s 2017/18 soybean crop seen at 111 mln tonnes
Brazilian farmers are expected to collect 111 million tonnes of soybeans in the 2017/18 season. Also estimates a 3 percent rise in soybean planted area, to a record 35 million hectares, as more farmers opted to plant the oilseed instead of corn during the Brazilian summer. Last season, Brazilian farmers collected a record 114.7 million tonnes of soybeans.
CBOT wheat falls as U.S. exports suffer.
CBOT wheat falls as U.S. exports suffer.
EU wheat hits contract low on Chicago slide, euro rally.
EU wheat hits contract low on Chicago slide, euro rally.
US to fuel dip in world wheat area to five-year low in 2018-19.
US to fuel dip in world wheat area to five-year low in 2018-19.
HAFED to launch fortification of whole wheat flour for commercial use.
HAFED to launch fortification of whole wheat flour for commercial use.
India rice basmati strengthens on increased buying.
India rice basmati strengthens on increased buying.
Mustard up in Jaipur on improved domestic demand
Mustard seed prices were up in Jaipur, Rajasthan owing to improved demand from domestic stockists and oil millers coupled with a fall in arrivals.
Bangladesh govt to import 100,000 tons of parboiled rice.
Bangladesh govt to import 100,000 tons of parboiled rice.
NCDEX soybean rising towards MSP; oilmeal export sops may be doubled
Futures contracts of soybean on the National Commodity & Derivatives Exchange are rising towards the minimum support price following reports that the government may double the incentive on export of oilmeals. The government is likely to double the incentive on export of oilmeals to 10% to support domestic oilseed prices.
India maize prices unchanged in key wholesale markets.
India maize prices unchanged in key wholesale markets.
Australian wheat sales to Egypt, Sudan and Tanzania lose out to Black Sea exporters.
Australian wheat sales to Egypt, Sudan and Tanzania lose out to Black Sea exporters.
Philippine govt pressed to allow farmers to export corn.
Philippine govt pressed to allow farmers to export corn.
Wheat farmers struggle for improved seeds as planting begins.
Wheat farmers struggle for improved seeds as planting begins.
Brazil’s Anec sees more corn exports, 2017 still tough for traders
Brazil’s Anec sees more corn exports, 2017 still tough for traders
Union govt rejects Odisha’s paddy MSP hike demand.
Union govt rejects Odisha’s paddy MSP hike demand.
NCDEX cotton at 6-month high on crop damage concerns.
NCDEX cotton at 6-month high on crop damage concerns.