NCDEX coriander contracts fall on profit booking

Ram Gopal Yadav (7 years ago)

Futures contracts of coriander were down on the NCDEX because traders booked profits after the December futures hit a seven-month high. The most active January contract ended down 0.3% from the previous close. The prices had risen earlier in anticipation of lower acreage under the spice in the major growing states of Gujarat and Rajasthan in the ongoing rabi season.

US soybean oil weekly net export sales grew 9,444 mt, or 181.5% on week

Ram Gopal Yadav (7 years ago)

Soybean oil net export sales increased to 21,029 mt for the reporting week ended November 30, from 11,585 mt the week prior. Weekly physical exports for soybean oil decreased by 28,559 mt to 2,152 mt. The top countries to which the US sold current marketing year soybean oil last week were South Korea at 8,000 mt, Cuba at 7,600 mt and Nicaragua at 4,000 mt. The top weekly physical soybean oil export destinations were Mexico at 1,589 mt, Canada at 477 mt, and Trinidad and Tobago at 66 mt.

India Mustard seed futures drop 0.60 per cent

Ram Gopal Yadav (7 years ago)

Mustard seed traded lower by 0.60 per cent in futures trade as speculators offloaded holdings in line with a weak trend at the physical markets. The most-active delivery in January month contract also fell by 0.42 per cent.