India groundnut oil softens on reduced offtake.
Ram Gopal Yadav (8 years ago)

Groundnut oil prices fell at the wholesale oils and oilseeds market due to reduced offtake by stockists following easing demand from retailers. However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels. Reduced offtake by stockists due to fall in demand from retailers against adequate stocks position, mainly led to the decline in groundnut oil prices.

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

Prices of mustard seed were down in Jaipur due to an increase in arrivals amid subdued demand from stockists after prices rose for four straight sessions. Weak demand for mustard oil from overseas buyers also weighed on prices of the oilseed.

CBOT soybeans close lower as weather outlook improves.
Ram Gopal Yadav (8 years ago)

Futures contracts of soybean were down on the CBOT as weather in the US turned favourable for the crop. The heat wave that was expected to hit the crop in the soybean-growing Midwest region in the US has moved towards the northern part of the country. August soybean contract on CBOT was at $9.92 per bushel, down 1.7% from the previous close.

NAFED procures 54,735 tonne of 2016-17 chana crop.
Ram Gopal Yadav (8 years ago)

The National Agricultural Cooperative Marketing Federation has procured 54,735 tonne chana grown in the 2016-17 (Jul-Jun) rabi season for buffer as of Thursday. Pace of procurement is slowed down due to rains in key growing areas. Procurement is being carried out in Madhya Pradesh, Uttar Pradesh, Rajasthan and Haryana. The procurement started as chana in these states is trading below minimum support price level of 4,000 rupees per 100 kg, including a bonus of 200 rupees.

Chana prices down on higher supplies, NCDEX cues.
Ram Gopal Yadav (8 years ago)

Prices of chana were down in Delhi because of higher supply in the local market and sluggish demand. However, traders expect prices of chana to rise in the coming weeks due to demand ahead of festivals. The most active chana September futures were down 2.7%.

Tur spot rates down on lower demand from dal millers.
Ram Gopal Yadav (8 years ago)

Prices of tur were down in Akola and Mumbai due to sluggish demand from dal millers. Tur prices have fallen despite lower acreage so far this year as demand is subdued and there are concerns over likely cheap imports from Africa in the coming months.

India Urad, masoor rise on stockists buying.
Ram Gopal Yadav (8 years ago)

Prices of urad and masoor edged up on scattered buying by stockists, driven by uptick in demand from retailers. Mild buying support from stockists and pickup in demand from retailers against restricted supplies mainly led to the rise in urad and masoor prices.