NCDEX coriander up 2% on low stock, domestic demand.
Ram Gopal Yadav (9 years ago)

Futures contracts of coriander on the NCDEX rose over 1% due to a fall in inventories at exchange warehouses and rise in demand from domestic retailers. The most active July contract was up 1.1% from the previous close. Coriander stocks at NCDEX-accredited warehouses were at 30,388 tonne, down by 148 tonne from the previous week. In Kota, the Badami variety was sold for 5,600-5,800 rupees per 100 kg, while prices of the Eagle variety were at 5,800-6,000 rupees, both unchanged from the previous day. About 5,000 bags (1bag=40kg) arrived in Rajasthan, up 500 bags from previous close.

India Govt sells 77,000 tonne wheat under open market sale plan so far FY18.
Ram Gopal Yadav (9 years ago)

The government has sold 77,000 tonne wheat under the open market sales scheme in the current fiscal year so far. For 2017-18 (Apr-Mar), the government has set the average price at 1,790 rupees per 100 kg for procuring states and in non-procuring states, the reserve price rises by an amount equal to ex-Ludhiana railway freight. Higher prices have kept buyers away so far, and the quantity sold was only 19% of 409,100 tonne offered. The first tender was floated on Jun 15, offering 355,950 tonne for sale, of which only 36,000 tonne was sold. The second tender was released on Jun 22, and offered 373,100 tonne wheat but only 41,000 tonne was sold.

Delhi wheat prices fall on low demand ahead of GST.
Ram Gopal Yadav (9 years ago)

Prices of wheat fell in Delhi as buyers refrained from purchasing the grain due to lack of clarity on goods and services tax, to be implemented from Jul 1. In Delhi, mill quality wheat was sold down 10 rupees from previous close. Traders are not buying now, as they fear holding stocks ahead of GST as once they get a clear idea, they start accounting once again. Unbranded wheat is kept under the 0% tax slab under the new tax regime, while packaged and branded wheat is at 5%.

India Spot wheat prices fall as traders cautious ahead of GST.
Ram Gopal Yadav (9 years ago)

Wheat prices were down in key wholesale markets of the country due to subdued buying ahead of rollout of goods and services tax on Jul 1. In the key Delhi market, mill quality wheat sold down 20 rupees from the previous day and in Kota, the grain was sold down 10 rupees from previous close. The July contract ended down 0.4% from previous close.

EU wheat drops as French harvest makes good progress.
Ram Gopal Yadav (9 years ago)

European wheat prices fell, pressured by good harvest results in France and as the euro rise against the dollar hampered the competitiveness of European wheat on world markets. Front month September on the Paris-based Euronext exchange was down 0.1 percent or 0.25 euro at 171.00 euros a tonne. It had surged during a heatwave in France last week, which raised concern of damage to crops.