India Cabinet allows export of pulses without any restriction.
Ram Gopal Yadav (9 years ago)

The Cabinet Committee on Economic Affairs lifted all restrictions on export of pulses. The cabinet panel has also empowered a committee headed by the food secretary to review the import-export policy on pulses and consider measures such as quantitative restrictions (on imports) and changes in import duties depending on domestic production, demand and international markets.

India Govt raises base import price of all edible oils.
Ram Gopal Yadav (9 years ago)

The government today raised the base import price of all edible oils, with the steepest increase of $23 per tn in crude soyoil. The base import price for crude palm oil and refined, bleached and deodorised palm oil were raised by $8 per tn each.The government revises base import prices every fortnight, based on global prices and changes in foreign exchange rate. Prices were last revised on Oct 31. India is a net importer of edible oils. In 2015-16 (Nov-Oct), it imported a record 14.6 mln tn of edible oils.

Malaysia CPO ends up on overnight CBOT soyoil cues.
Ram Gopal Yadav (9 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended higher, tracking overnight gains in soyoil contracts on CBOT. The most-active February contract of crude palm oil on the Malaysian bourse closed at 2,739 ringgits (42,826.46 rupees) per tn, up 7 ringgits from the previous close.

Gujarat farmers dispose Groundnut below MSP.
Ram Gopal Yadav (9 years ago)

As the government delays procurement of Groundnut, farmers are selling Groundnut at an estimated average of Rs 3,500 per quintal in Saurashtra region of Gujarat at prices which are much below the minimum support price (MSP). About a month before poll dates were announced for Gujarat, the state government had announced it would procure Groundnut at Rs 4,500 per quintal and Rs 50 as bonus over and above the central minimum support price. Small and marginal farmers who need money immediately are preferring the open market because there are long waiting lists for sale to government, and the government also takes a couple of weeks for making payment.

Ukraine Winter rape crops mostly in good condition.
Ram Gopal Yadav (9 years ago)

In Ukraine, the beginning of November featured mostly warm weather with rain. Over the ten days, air temperatures peaked at +9-14°С, even at 17°С in Kherson region. Winter rape of optimum and late planting dates is at the stage of rosettes. Early- and ultra-early-sown winter rape hybrids of the intensive type are flowering. The general crop condition is mostly good. Precipitation in October and early November considerably increased moisture content in the topsoil and improved the condition of winter crops.

NCDEX coriander up on bargain buying; spot unchanged.
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander traded higher on the NCDEX as traders bought more at low prices after the contracts fell nearly 4% in the past eight trading sessions. The most-active December contract was up 0.3% from the previous close. In earlier sessions, prices fell due to weak domestic and export demand. Prices of the spice were largely unchanged in spot markets on the back of weak demand and a fall in supply.