Mustard seed prices rise in Jaipur as supply down.

Ram Gopal Yadav (7 years ago)

Mustard seed prices in Jaipur were up for the second straight day due to a fall in supply coupled with seasonal demand from oil millers and crushers. Demand for mustard oil increases during the rainy season, thereby improving demand for the seed. Supply has declined as farmers are holding on to their produce because they expect prices to rise in the coming days.

NCDEX soybean contracts fall on CBOT cues.

Ram Gopal Yadav (7 years ago)

Futures contracts of soybean fell on the NCDEX tracking the Chicago Board of Trade. The most-active August contract on the NCDEX traded down 0.2% from the previous close. Contracts of soybean declined over 1% on the CBOT following reports that conditions for the crop in the US were getting favourable. A drop-in acreage of soybean across the country, however, cushioned sharp fall in price.

Soybean down tracking CBOT cues; mustard unchanged.

Ram Gopal Yadav (7 years ago)

Futures contracts of most components of the edible oil basket, barring mustard, traded lower on domestic exchanges. Extending weakness from previous session, soybean futures on the National Commodity and Derivatives Exchange closed a tad lower tracking weakness in key contracts on Chicago Board of Trade. Fall in acreage under the oilseed in ongoing kharif season limited any sharp fall of prices. Refined soyoil futures on the NCDEX and crude palm oil on the Multi Commodity Exchange fell due to subdued demand at higher price level. Contracts of mustard on the NCDEX ended flat as gains due to domestic demand were negated by weak export demand for mustard meal.

Tur prices up on improved demand from dal millers.

Ram Gopal Yadav (7 years ago)

Tur prices in the key markets rose due to improved demand from millers even as the arrivals rose. In Akola, Maharashtra, prices were up 100 rupees from previous close. Prices of tur in Kalaburagi, Karnataka, were up 150 rupees from previous close.