Mustard seed prices up in Jaipur as supply declines.
Ram Gopal Yadav (8 years ago)

Prices of mustard seed in Jaipur extended previous close gains due to shrinking supply of the oilseed coupled with a pick-up in demand from Stuckists. Seasonal demand for mustard oil also supported mustard seed prices. Arrivals have declined because farmers are holding on to their produce on expectations of a rise in prices in the coming days.

Adani Wilmar took delivery of 15,000 tonne of soybean on NCDEX in Jun.
Ram Gopal Yadav (8 years ago)

Adani Wilmar Ltd took delivery of 15,000 tonne soybean on the National Commodity and Derivatives Exchange under the June contract. At 4,140 tonne, Sunrise Broking Pvt Ltd made the highest delivery of soybean to the exchange. Olam Agro India Pvt Ltd took delivery of 4,690 tonne of the same-month contract of mustard seed, while the largest delivery of the oilseed was made by ITC Ltd at 6,330 tonne. Inditrade Business Consultants Ltd took delivery of 4,500 tonne castor seed, while Kashmeen Commodities Pvt Ltd delivered 2,980 tonne of the commodity.

CBOT soy up on short covering, crop damage worry.
Ram Gopal Yadav (8 years ago)

Soybean futures on CBOT were higher as investors covered short positions after prices fell for three straight trading days. The most active November contract on CBOT was at $9.9675 per bushel, up 0.4% from the previous close.

Rajkot Oilseeds complex.
Ram Gopal Yadav (8 years ago)

Edible oil prices were mixed in the early trades. Groundnut oil prices were steady due to restricted buying and selling. Cottonseed oil firmed up due to short supply. Mustard oil eased due to low retail demand. Worries that extreme weather conditions in the US had taken a huge toll on crops also kept prices up.

Govt seeks Parliament OK to spend 5 billion rupees on pulses procurement.
Ram Gopal Yadav (8 years ago)

The government sought Parliament approval to provide 5 billion rupees for procurement of pulses under the Price Stabilisation Fund. The approval for the additional amount was sought in the First Batch of Supplementary Demands for Grants tabled in Lok Sabha. The government started procurement of legume crops through state and centre-run government agencies to buoy falling prices and help farmers. Last year, the government procured pulses to create a buffer stock of 2 million tonne and to bring down soaring prices. However, a bumper crop subsequently led to a steep fall in prices, prompting the government to intervene and initiate procurement to support the prices.

Canada masoor exports down 18% on-month in June.
Ram Gopal Yadav (8 years ago)

Masoor exports from Canada in June were down 18% on month at 68,600 tonne. Exports were up 128.7% on year-on-year basis. In June last year, the country had exported 30,000 tonne of masoor. However, so far in the marketing year ending in July, the exports were up at 853,100 tonne as compared to 631,400 tonne in the year-ago period. Canada is a major supplier of pulses in the global market, while India is the largest consumer.

India sugar prices fall in north India, unchanged in Maharashtra.
Ram Gopal Yadav (8 years ago)

Prices of sugar fell for the third straight day in the key wholesale markets of north India due to subdued demand at higher prices amid adequate stocks in the markets. Regular supplies have resumed in the markets now and prices have declined. Prices are subdued also because of reports of the government asking mills to curtail the prices.