NCDEX coriander futures down as supply seen rising

Futures contracts of coriander on NCDEX fell because of expectations of a rise in supply in spot markets. The most-active April contract on the bourse traded at 6,108 rupees per 100 kg, down 0.4% from previous close. Supply in Rajasthan may rise in coming days as NCDEX has marked 6,550 tn of coriander for staggered delivery in the January contract.

Coriander prices rise in Kota on likely smaller crop

Prices of coriander today rose in marginally in Kota, the benchmark market in Rajasthan, due to a likely lower output in 2017-18 (Oct-Sep). Other key markets–Baran and Ramganj–were closed today due to a protest carried out by Vishva Hindu Parishad.

Russia keeps reducing palm oil imports

Palm oil imports to Russia totaled 35 KMT in November 2017, i.e. they decreased by more than half from the previous month (73 KMT). mports were down more than 13% year-on-year in the first three months of MY 2017/18 at 202 KMT against 232 KMT a year ago. As expected, the current marketing year continues witnessing a downward trend in palm oil purchases by Russia.

Bulgaria oilseed market remained sluggish last week

Bulgaria’s domestic oilseed market still featured sluggish trade during last week. Traders were busy with executing previously signed contracts. Consequently, some 75 KMT of sunseed and 7 KMT of rapeseed were exported over the week, mostly to the EU. Sunseed price closed the week unchanged at BGN 549/MT (USD 336/MT, or up USD 1/MT) and rapeseed price did it at BGN 710/MT (USD 435/MT, or up USD 2/MT).

Argentina to cut soy export taxes over next two years

As Argentine soybean farmers raced to get their crop in the ground last fall, they at least can say they’re facing some potentially lower costs down the road: The administration announced a plan to cut the retentions—export taxes on soybeans—by half a percent monthly. In December the withholdings were at 30% and will end 2018 with a rate of 24%. By December 2019, they will be at 18%.