Most down; coriander up on short covering, low sowing

Futures contracts of spices except jeera and coriander on domestic exchanges ended lower. Coriander futures ended higher because investors covered their short positions after prices hit a three-week low earlier. A likely decline in the area under the spice this rabi season also supported coriander prices.

Soybean harvest in Ukraine is 85% complete.

The harvesting of oilseeds in Ukraine is entering its final phase. As of October 31, sunseed was harvested from 5614 Th ha (95% of the projected 5939 Th ha) with a crop of 11007 KMT and a yield of 1.96 MT/ha (down 10.5% year-on-year). Soybeans were harvested from 1701 Th ha (up 6.8% year-on-year) out of the projected 1991 Th ha. The crop amounted to 3216 KMT with a yield of 1.89 MT/ha (down 13.7% year-on-year).

NAFED buys 6,056 metric tonne soybean from farmers

The National Agricultural Cooperative Marketing Federation of India has procured 6,056 metric tonne of soybean, harvested in the kharif season under the price support scheme, from farmers in Rajasthan, Telangana, and Maharashtra.

Soybean prices up in Indore despite higher arrivals

Prices of soybean in Indore rose due to a slight increase in buying by crushers. Reports of procurement by the Maharashtra government also lifted the sentiment. Reports that Maharashtra has urged the Centre to levy import duty on soybean and soymeal, and to further increase the duty on edible oil imports, are also seen bolstering the sentiment. The most-active December contract of soybean ended 1.6% higher on the NCDEX.

Mustard seed up in Jaipur on renewed domestic demand

Mustard seed prices were up in Jaipur, Rajasthan, owing to renewed demand from domestic stockists after prices hit a one-week low. A fall in arrivals also supported prices. Sowing has commenced in Rajasthan and Haryana and is likely to improve in the coming days. This capped the gains in mustard seed prices.