NCDEX coriander down on profit booking post 6-month high

Futures of coriander fell over 1% on the NCDEX due to profit booking by market participants, a day after prices hit a six-month high. Low prices of coriander have resulted in farmers shifting towards more lucrative crops such as ginger and jeera in major producers Rajasthan and Gujarat. The most-active December contract of coriander traded down 1.2% from the previous close.

Warehousing regulator registers 1st liquid storage for palm oil in Gujarat

The Warehousing Development and Regulatory Authority has registered its first warehouse handling liquid cargoes at Gandhidham in Gujarat, facilitating delivery of palm oils via futures exchanges. The oil storage tanks, owned by Yamada Logistics Pvt Ltd, were registered by the warehousing watchdog earlier this month. The two units, which have a capacity to store 350 tonne each of crude palm oil and refined, bleached and deodorised palmolein, have been accredited by the Multi Commodity Exchange of India as delivery centres.

India NCDEX soybean up on bargain buys; spot soy down

Prices of soybean fell at the benchmark Indore market in Madhya Pradesh due to low buying at high prices. High supply in markets weighed on soybean prices. Improved demand from domestic oil millers and crushers lifted prices at Jaipur in Rajasthan, thereby, supporting contracts on the NCDEX. Prices rose on the Malaysian bourse due to bargain buying.