MMTC to auction masoor, tur via NCDEX e-Markets.

MMTC offer 10,992.06 tonne of masoor imported from Canada and 1,846.97 tonne of tur imported from Kenya and Mozambique for auction through NCDEX e-Markets. The pulses are stocked at warehouses in West Bengal, Gujarat and Maharashtra.

NCDEX to levy 5% additional margin on chana.

The National Commodity and Derivatives Exchange impose a 5% additional margin on chana on both buy and sell positions from Friday. The margin imposed on all running and yet to be launched contracts. The most active September contract of chana on NCDEX ended down 1.3% from the previous close.

NAFED resumes sunflower seed purchase in Telangana, buys 115 tonne.

The National Agricultural Cooperative Marketing Federation of India has resumed procurement of sunflower seed in Telangana after it had wound up operations in May-end. The agency procured 115 tonne of sunflower seed under the price support scheme in the state on its first day. The procurement drive is underway at the Medak procurement centre. The agency has also started procurement of groundnut in Odisha and bought 282 tonne on its first day on Tuesday under the price support scheme.

India Soybean ends down 1% on improved weather, CPO up.

Futures contracts of all the components of the edible oil basket, barring soybean, traded higher on domestic exchanges. Soybean futures on the National Commodity and Derivatives Exchange closed about 1% down due to improve in weather conditions in key growing areas of Madhya Pradesh and Maharashtra, the top growers. Recent rains and forecast of more showers in coming days after rounds of dry spells in major growing areas boosted hopes of recovery in yields. Higher arrivals of the oilseed in Madhya Pradesh also weighed on the sentiment.

India Jul mustard seed crushing unchanged on month at 550,000 tonne.

Oil mills in the country crushed 550,000 tonne of mustard seed in July, largely unchanged from a month ago. The quantum of mustard crushed was largely unchanged in July because of absence of significant demand from oil millers. Oil mills have crushed about 3.5 million tonne of mustard seed since the start of the crushing season in February compared to total arrivals of 3.8 million tonne during the period.