Futures contracts of coriander were up on the NCDEX as investors covered their short positions after prices slipped to a four-and-a-half-year low of 4,730 rupees per 100 kg on previous close. The most-active June contract traded at 4,749 rupees per 100 kg, up 0.4% from the previous settlement. At Kota, the benchmark market for coriander in Rajasthan, the Badami variety and the Eagle variety both unchanged from previous close. Arrivals in Ramganj and Kota markets were at 3,800 bags (1bag=40kg) down 900 bags from the previous day.
European feeds-Soymeal slightly lower on dollar, ample supplies.
European feeds-Soymeal slightly lower on dollar, ample supplies.
MCX cotton up on global cues, low spot market arrivals.
Futures contracts of cotton rose on MCX tracking a rise in cotton futures on ICE, and because of lower arrivals in spot markets. On MCX, the June cotton contract was at 21,090 rupees per bale (1bale=170kg), up 0.4% from the previous close, while the most-active July contract on ICE was at 77.18 cents per pound, up 0.2%. Arrivals of cotton at major spot markets across the country were at 39,300 bales (1bale=170kg), down from 39,600 bales on previous close.
April’s vegoil production in Kazakhstan hit a record high.
April’s vegoil production in Kazakhstan hit a record high.
NCDEX cotton oilcake ends down 2% on subdued demand.
Futures contracts of cottonseed oilcake on NCDEX ended 2% lower as cheaper alternatives for cattle feed have hit demand for the commodity. The most active June contract of cottonseed oilcake on NCDEX was at 1,755 rupees per 100 kg, down 2% from previous close. Futures also declined due to weakness in spot prices. In Akola, cottonseed oilcake sold for 1,800 rupees per 100 kg, down 50 rupees from previous close.
Swiss farmers reject palm oil cow supplements.
Swiss farmers reject palm oil cow supplements.
India coffee exports during Jan 1- May 31.
The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
Mustard seed prices up in Jaipur on local demand.
Mustard seed prices up in Jaipur on local demand.
ICRA says GST to have neutral impact on sugar sector.
ICRA says GST to have neutral impact on sugar sector.
ICE Canada canola futures fall on technical selling.
ICE Canada canola futures fall on technical selling.
Sugar prices down in Maharashtra, unchanged in north India.
Sugar prices down in Maharashtra, unchanged in north India.
Edelweiss sees groundnut oil prices down 2% in June.
Edelweiss sees groundnut oil prices down 2% in June.
ICE sugar futures low as surplus expectations weigh.
ICE sugar futures low as surplus expectations weigh.
India Wheat fall in major spot markets on weak demand.
Wheat prices fell 10 rupees in the wholesale markets of Delhi and Kota due to high supplies amid weak demand. Markets are flooded with wheat supplies as the country had a bumper harvest this year but demand from bulk buyers is weak. Although the government made high purchases to support prices and build their stocks, procurement has slowed now and this is further creating bearish sentiment in the market. NCDEX June contract ended down 0.1% from the previous close.
U.S. and Mexico moving closer to sugar trade deal, Mexican minister.
U.S. and Mexico moving closer to sugar trade deal, Mexican minister.
Russia Sowing progress of cereals and pulses.
Planting of spring cereals and pulses was completed on an area of 24.839 million hectare (80% of the plan). This is 4.7% less than planted at the same time last year (26.077 million ha). Spring barley was sown on 6.517 million ha (84.6%) against 6.897 million ha in 2016, spring wheat on 10.250 million ha (75.6%) against 11.496 million ha in 2016, rice on 0.157 million ha (74%) against 0.172 million ha a year ago. Corn planting in Russia is 90% complete. The crop was sown on 2.747 million ha against 2.508 million ha 2016.
Maharashtra scraps stock-holding limit on all pulses except chana.
Maharashtra scraps stock-holding limit on all pulses except chana.
Egypt purchased 180 KMT of milling wheat from Russia and Romania in a tender.
Egypt purchased 180 KMT of milling wheat from Russia and Romania with shipment during July 1–10, 2017 at an average price of USD 202.61/MT C&F. The price in the previous tender equaled USD 207.91/MT C&F. In the previous tender, on May 17, 2017 Egypt bought 295 KMT of milling wheat from USA, Russia, Ukraine and Romania with shipment during June 15–24, 2017.
Chana prices down in Bikaner on subdued demand.
Chana prices down in Bikaner on subdued demand.
USDA arm says Thailand ups price of its rice exports.
Prices of rice exported from Thailand have increased due to continued demand for white and parboiled rice from the country. During the week ended May 22, prices of rice exported from Thailand increased 4-6% on week. It pegged rice production in Thailand in 2016-17 at 17 million tonne, against 15.8 million tonne the previous year due to higher recovery in off-season production. The estimate for exports from the country was, however, kept unchanged at 9 million tonne.