Brazil’s 2017/18 soybean crop seen at 111 mln tonnes

Ram Gopal Yadav (7 years ago)

Brazilian farmers are expected to collect 111 million tonnes of soybeans in the 2017/18 season. Also estimates a 3 percent rise in soybean planted area, to a record 35 million hectares, as more farmers opted to plant the oilseed instead of corn during the Brazilian summer. Last season, Brazilian farmers collected a record 114.7 million tonnes of soybeans.

India NCDEX soybean rises towards MSP; mustard up

Ram Gopal Yadav (7 years ago)

Futures contracts of soybean rose towards the minimum support price following reports that the government may double incentive on export of oilmeals. The most active December contract of soybean on the NCDEX ended 0.4% higher. The minimum support price of soybean for 2017-18 is 3,050 rupees per 100 kg, which includes a one-time bonus of 200 rupees.

NCDEX soybean down on profit booking post recent rise

Ram Gopal Yadav (7 years ago)

Futures contracts of soybean on NCDEX fell nearly 1% as investors booked profits after prices rose in the last four trading sessions following the hike in import duty on the oilseed. The most-active December contract of soybean on NCDEX was down 0.8% from previous close.

Mustard seed up in Jaipur on higher demand for oil

Ram Gopal Yadav (7 years ago)

Prices of mustard seed were up in the benchmark market of Jaipur, Rajasthan, as higher demand for mustard oil due to the winter supported seed prices. A fall in arrivals amid improved demand from domestic oil millers and crushers also supported prices.