India sugar prices rise in north India due to supply disruptions.

Prices of sugar rose in the key wholesale markets of north India as supplies were disrupted due to religious processions on some routes connecting western Uttar Pradesh to the national capital. Prices of the sweetener were, however, largely unchanged in key wholesale markets of Maharashtra amid lacklustre trade. The outlook on sugar prices in the long term is bearish on expectations of higher output in 2017-18 (Oct-Sep).

NAFED to begin groundnut, sesamum procurement in West Bengal in a week.

The National Agricultural Cooperative Marketing Federation is likely to begin procurement of groundnut and sesamum in West Bengal at minimum support price in a week. It may procure 25% of the total output of the oilseeds in the state, which is among the leading producers in the country. West Bengal produced 201,900 tonne of groundnut in 2016-17 (Jul-Jun), up 6.3% from last year. The agency is buying groundnut at minimum support price of 4,220 rupees per 100 kg, inclusive of the bonus, while minimum support price of sesamum is 5,000 rupees per 100 kg.

India edible oil most up in futures; mustard rises 1% on spot cues.

Futures contracts of most constituents of the edible oil basket, barring degummed soyoil, rose on the domestic commodity exchanges. Futures of mustard rose over 1% on the National Commodity and Derivatives Exchange noting gains in the spot markets. Prices of mustard rose in the key market of Jaipur as the supply was not sufficient to meet the demand from domestic oil millers and crushers. Weak export demand for mustard meal from overseas buyers, however, capped gains in prices.