NCDEX coriander contracts up 1% as acreage falls

Ram Gopal Yadav (7 years ago)

Futures contracts of coriander on NCDEX rose 1% because the area under the spice in the current season declined, as farmers have shifted to other lucrative crops. The most active January contract of coriander on NCDEX was up 1% from the previous close. In Gujarat, the second-largest producer of coriander, the commodity was sown across 67,500 ha, 43% lower on year.

Brazil soybean crop revised down to 114.57 mln tonnes

Ram Gopal Yadav (7 years ago)

Brazilian farmers are expected to produce 114.57 million tonnes of soybeans in the 2017/18 crop cycle. The figure represents a slight downward adjustment from an October estimate of 114.7 million tonnes, although it would still be an all-time record for Brazil. The estimate was revised after small adjustments in soy’s estimated planted area this season, but it does not change the overall trend as farmers increasingly switched from corn to soy in this crop cycle. Safras forecasts a 5 percent rise in Brazil’s soy planted area to 35.49 million hectares (87.7 million acres) this crop.

Officials forecast increase in Bulgarian rapeseed production

Ram Gopal Yadav (7 years ago)

The Bulgarian Ministry of Agriculture has increased the country’s 2017-18 rapeseed production forecast by nearly 6% from an estimate earlier this year, to 460,000 tonnes, due to higher yields. Average rapeseed yield in Bulgaria has risen to 2.84 tonnes per acre from the previous estimate, but that is still 3.7% lower than the average yield in 2016-17, when total rapeseed production was 509,000 tonnes.

Soybean planting reaches 63.5% of surface in Argentina

Ram Gopal Yadav (7 years ago)

The soybean planting in the country is still delayed and reached 63.5% of the estimated surface of 44.7 million acres. The half of the remaining area is expected to be planted in the coming two weeks if the weather helps. In the case of corn, the works have advanced to 45.3% of the total surface of 13.3 million acres. The weather has been a worry for crops in the Northern provinces of Chaco and Salta.