NCDEX soybean slightly up on low arrivals, CBOT cues
Ram Gopal Yadav (7 years ago)

Soybean contracts on the NCDEX were slightly up because of lower arrivals in the spot market and tracking gains in bellwether contracts on the CBOT. The most-active June contract on the NCDEX was up 12 rupees. Arrivals of soybean in Madhya Pradesh, the key market for the oilseed were down. Soybean in Indore, the benchmark market for the oilseed, it was selling at 3,750 rupees per 100 kg, up 5-10 rupees from previous day.

Mustard prices up in Jaipur on oil millers’ demand
Ram Gopal Yadav (7 years ago)

Prices of mustard seed rose in the benchmark market of Jaipur due to demand from oil millers and government procurement. In Jaipur, the oilseed was sold at 4,045-4,050 rupees per 100 kg, up 20-30 rupees from the previous day. Arrivals of mustard seed in Rajasthan were unchanged at 135,000 bags (1 bag = 85 kg). Reports that government may increase the import duty on soyoil, sunflower oil and crude canola oil is also seen supporting mustard seed prices. The most active June contract on the NCDEX was up.

Soybean futures saw 8 to 9 1/2 cent gains in most contracts
Ram Gopal Yadav (7 years ago)

Soybean futures saw 8 to 9 1/2 cent gains in most contracts. Soymeal were up $3.20/ton, with front month soy oil 19 points higher. A report late on Wednesday showed that a Chinese importer purchased a cargo of US soybeans for shipment in August. The average trade guess for old crop soybean export sales is for net reductions of 200,000 to sales of 400,000 MT. That comes after the USDA earlier reported private exporters canceling a large chunk of old crop sales in the daily reporting system. New crop sales are seen at 200,000-400,000 MT. Soy meal sales are expected at 100,000-500,000 MT, with soy oil at 8,000-30,000 MT. Ports in Argentina will be shut down on Thursday due to a strike by workers demanding better conditions and wages.

Kota coriander down on higher arrivals, low demand
Ram Gopal Yadav (7 years ago)

Prices of coriander fell in the benchmark market of Kota due to higher arrivals and subdued demand from spices makers. The badami variety was sold at 4,750 rupees per 100 kg and the eagle variety at 5,000 rupees, both down 50 rupees from the previous day. Higher carryover stocks, coupled with cheaper imports, continued to weigh on coriander prices despite lower production this year. Arrivals in Rajasthan were up and the most active June contract of coriander on NCDEX was down 0.2%.