India Spices most gain; coriander down 1% as supply seen rising
Ram Gopal Yadav (9 years ago)

Futures contracts of all spices, barring coriander, ended higher on domestic exchanges. Contrary to the trend in other spices, coriander prices settled over 1% lower, pressurised by a likely rise in supply in spot markets, as 840 tn of the spice has been marked for staggered delivery in the November contract.

Mustard prices up in Jaipur on import duty hike.
Ram Gopal Yadav (9 years ago)

Prices of mustard seed rose at Jaipur in Rajasthan after the government, raised the import duty on all edible oils to support the domestic oilseed industry. The government raised the import duty on refined mustard oil to 35% from 20%. A fall in arrivals coupled with improved demand from domestic oil millers and crushers, supported castor seed prices.

NCDEX soybean, MCX CPO seen up on import duty hike
Ram Gopal Yadav (9 years ago)

Soybean and soyoil futures on NCDEX and crude palm oil contracts on MCX may open higher as the government has hiked import duty on these commodities. The most-active November contract of CPO on MCX had ended 0.7% higher at 547.1 rupees per 10 kg. The December contract of soybean on NCDEX closed down 0.1% from previous close.

Farm secy says chana acreage seen up 35-40% on year this rabi season
Ram Gopal Yadav (9 years ago)

The area under the chana crop across the country in the ongoing rabi season is likely to rise 35-40% from 9.9 million ha the previous year. Chana acreage so far is more than double the year-ago level. Even if the pace of sowing slows down, area could be 35-40% higher this time. India’s chana output in 2016-17 was 31.7% higher on year at 9.3 million metric tonne. The country’s total pulses output in 2017-18 is expected to be around 22.0 million metric tonne, against 22.95 million metric tonne the previous year. Though there was a shortfall in production of pulses in the kharif season, the rabi crop is likely to compensate for it and the year’s output is likely to match the year-ago level.

Russian chickpea exports dropped in the beginning of MY 2017/18
Ram Gopal Yadav (9 years ago)

Russia supplied 231.6 KMT of chickpeas to foreign markets in the 2016/17 season, or 7.5% more than in the previous marketing year (215.5 KMT was in MY 2015/16). Chickpea exports from Russia slowed down in the beginning of the current 2017/18 season. Russian exporters supplied 39.3 KMT of chickpeas to foreign markets in the first quarter of this marketing year, or 46% less than at the same time a year ago. Russian pulse production has been expanding rapidly since a few years ago. Russia’s 2017 output of pulses is up 27-30% year-on-year.