India mustard oil edges up on scattered demand.
Ram Gopal Yadav (8 years ago)

In restricted activity, mustard oil edged higher on mild local demand. However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels. Some local demand helped mustard oil prices to trade higher.

Malaysia CPO up on CBOT cues, low output concern.
Ram Gopal Yadav (8 years ago)

Futures contracts of crude palm oil on Bursa Malaysia Derivatives up tracking soyoil contracts on CBOT and due to concern about lower output in the coming months. The most-active December crude palm oil contract on the Malaysian bourse at 2,741 ringgits (42,175 rupees) per MT, up 27 ringgits from previous close. A weak ringgit against the dollar is also seen pushing prices of the palm oil higher

Mustard seed prices down in Jaipur on higher stocks.
Ram Gopal Yadav (8 years ago)

Prices of mustard seed fell in Jaipur because of higher inventory level in the domestic market and subdued demand from stockists. Demand from domestic buyers was subdued after prices hit a near two-week high. Arrivals across the country pegged at 165,000 bags (1 bag = 85 kg), compared with 160,000 bags on 27 Sep. The arrivals of freshly harvested kharif oilseed crops is also seen weighing on prices of mustard seed.

Jaggery producers to compete with India sugar mills to buy early cane.
Ram Gopal Yadav (8 years ago)

Encouraged by a sharp increase in realisation through last year, jaggery manufacturing units (termed kolhus) say they’re equipped for a price battle with sugar mills on sugarcane purchase. Sugar mills in Uttar Pradesh and Maharashtra, the top two producing states, have announced an early start to crushing this year (the sugar season begins October 1). This was reportedly to get the early variety of cane, normally supplied to kolhus. Jaggery makers traditionally start their operations in September with this early variety, which offers lower yield than the matured type. Crushing of this type of cane, therefore, becomes uneconomical for sugar mills.

India govt to offload 700,000 MT pulses from 1.8 MMT buffer stock.
Ram Gopal Yadav (8 years ago)

The government is likely to offload 700,000 tn pulses from its buffer stock in the coming days, of which 350,000 tn will be sold to state governments and rest is expected to be sold through open market sales scheme. Out of the 1.8 MMT buffer stock of pulses, government will sell 350,000 MT to these three (Gujarat, Karnataka, Tamil Nadu) states and (another) around 350,000 tn through open market sales scheme

Delhi sugar prices end quiet on some support.
Ram Gopal Yadav (8 years ago)

Sugar prices settled quiet at the wholesale market in the national capital on sporadic buying support amid adequate stocks availability. Besides scattered buying by stockists and retailers, sufficient position of stocks in the market, kept the sweetener’s prices unaltered.

MMTC to auction tur, urad via NCDEX e-markets on Oct 05.
Ram Gopal Yadav (8 years ago)

MMTC will offer 4,304 MT of tur imported from Malawi and Mozambique, 3,438 MT of masoor imported from Canada and 1,279 MT of urad imported from Myanmar, for auction through NCDEX e-markets. Pulses, to be auctioned, are stocked at Central Warehousing Corp and other godowns in Maharashtra, Gujarat, West Bengal, and Tamil Nadu.

End of EU sugar quota signals dip in consumer prices.
Ram Gopal Yadav (8 years ago)

Consumer prices of sugar are projected to reduce substantially on increased supplies in the global market after the European Union (EU) formally scrapped quotas on the production and sale of the commodity after nearly 50 years. The end of the quotas means that there are no further limits to production or exports, allowing production to adjust to market demand both within and outside the EU. Producers will now have the opportunity to expand their trade on global markets,” Phil Hogan, EU Commissioner for Agriculture and Rural Development, said in a statement following the close of production quotas on September 30. European Commission showed the end of the system will trigger a jump in sugar production. It said that between 2016 and 2026 the bloc’s sugar production will increase by six per cent while production of an alternative sweetener, Isoglucose, could triple from 700,000 tonnes to 2.3 million tonnes. Imports will, on the other hand, continue to drop from 3 to 3.5 million to 1.8 million tonnes and exports are expected to increase from 1.3 million tonnes to 2.5 million tonnes. For the upcoming harvest, no longer bound by the limitations of the quota, an increase in production of roughly 20 per cent (20.1 million tonnes) is expected. This increase results from both an increase in area and higher yields because of good climatic conditions.