India Soybean ends up 1%; CPO down on tepid spot buying.
Ram Gopal Yadav (8 years ago)

Futures contracts of edible oils on the domestic exchanges traded mixed. Soybean and soyoil futures traded higher while mustard and crude palm oil were down. Soybean futures on the National Commodity and Derivatives Exchange ended around 1% higher, bolstered by a pick-up in demand for soymeal produced from the fresh crop.

Indore soy prices fall on rise in new crop arrivals.
Ram Gopal Yadav (8 years ago)

Soybean prices in Indore, Madhya Pradesh fell, as arrivals of the new crop rose. Arrivals of new soybean crop were at around 1,000 bags (1 bag = 100 kg), higher than 700 bags the previous day. Poor rainfall in Madhya Pradesh during the initial months of the Jun-Sep monsoon is not likely to hit yield much, as adequate intermittent rainfall in September is seen helping. However, good demand for the oilseed ahead of festival season prevented any further fall in prices.

NCDEX mustard seed at 1-mo low on subdued demand.
Ram Gopal Yadav (8 years ago)

The September contract of mustard seed hit a one-month low on NCDEX due to subdued demand from domestic oil millers and crushers. On NCDEX, the most-active October contract was down 0.16% from previous close. Higher carryover stock from 2016-17 season and start of harvesting of kharif oilseeds weigh on market sentiment. Stocking of mustard oil for consumption during Durga Puja has already been procured by traders, which has reduced demand for mustard seed.

NCDEX marks 2,150 tonne mustard for staggered delivery.
Ram Gopal Yadav (8 years ago)

NCDEX has marked 2,150 tonne of mustard seed, 850 tonne of cottonseed oilcake, 440 tonne of castor seed, and 255 tonne of jeera for staggered delivery in the September contract. The exchange also marked 230 tonne of turmeric, 160 tonne of coriander, 60 tonne of chana, 20 tonne wheat, and 10 tonne of barley for staggered delivery in the same-month contract.

Govt source says India aims 75,000 ha more under oil palm by FY19.
Ram Gopal Yadav (8 years ago)

India aims to bring around 75,000 ha of additional land under oil palm plantation by 2018-19 (Apr-Mar) to boost production of palm oil in the country. Efforts are being made to increase domestic production in the country. Andhra Pradesh, the largest palm oil producing state, has 156,000 ha under the crop. Karnataka, Tamil Nadu, Mizoram and Odisha are other major states where oil palm is cultivated. The plant is also grown in parts of Chhattisgarh, Gujarat, Assam, Arunachal Pradesh Nagaland, Telangana, Kerala and Goa.

Government looks to dispose of 18 lakh tonnes pulses from buffer stock.
Ram Gopal Yadav (8 years ago)

Saddled with a buffer stock of 18 lakh tonnes of pulses. The government is trying to dispose of the dals and asked entities, including cooperative NCCF, to do the needful. For the first time, the government had last year decided to create a buffer stock of pulses to ensure better prices to farmers and at the same time use the stock to augment local supply in times of price rise. About 20 lakh tonnes of buffer were created through local procurement and imports.

NCDEX chana futures down as warehouse stocks rise.
Ram Gopal Yadav (8 years ago)

Futures contracts of chana fell on the NCDEX due to a rise in stocks in exchange-accredited warehouses. The most active October contract was down 0.6%. Prices of chana, however, were steady in spot markets as supply was sufficient to meet demand.