NCDEX coriander hits 3% lower cap on profit booking

Futures contracts of coriander on NCDEX hit the 3% lower circuit as investors booked profits after prices hit a one-week high. The most-active January contract of coriander traded down 2.95% from the previous close. Coriander prices are also under pressure due to muted demand and ample supply.

Coriander prices rise in Kota as acreage may halve

Prices of coriander rose in Kota–the benchmark market in Rajasthan–as acreage in the top producing state is likely to halve this rabi season. Prices also gained as imports from Russia and Bulgaria are expected to decline as global prices have risen to $420 per metric tonne from $400 in August.

Ukraine Soybean crushing restored to the 2015/16 level this season

Ukraine’s large and medium-sized crushers produced 15.7 KMT of soybean oil in October 2017, or 36.5% more than in the previous month (11.5 KMT) and up 33% from October 2016 (11.8 KMT). Overall soybean oil production during the first two months of the current 2017/18 season amounted to 27.2 KMT against 19.8 KMT a year ago.

Russia Soybean oil refining and bottling to be launched in Blagoveshchensk

A plant for clarification and packaging of soybean oil be built in the city of Blagoveshchensk, Amur region. The presentation of the plant, which is projected to release 50 MMT of the product a day, held on December 20. Its annual production capacity is estimated at 15 KMT of soybean oil that is equivalent to 15 Ml one-liter bottles. The facility currently produces 200 MT of products a day, processing up to 70 KMT of soybeans a year. Its output includes some 10 KMT of oil and 50 KMT of meal from non-GMO raw material.

Malaysia CPO ends lower as inventories rise in Nov

Futures contracts of crude palm oil ended lower on the Bursa Malaysia Derivatives due to an on-month rise in stocks in November amid low demand from overseas markets. The most active February contract closed at 2,450 ringgits (38,588.24 rupees) per metric tonne, down 0.3% from the previous close. Crude palm oil inventories in Malaysia rose 21% on month to 1.49 million metric tonne in November.