India edible oil Up; soybean rises 2%.

Futures contracts of all components of edible oil basket rose on domestic exchanges. The most-active March contract of soybean closed nearly 2% higher on the National Commodity and Derivatives Exchange due to a pickup in demand from crushing plants. Refined soyoil on the NCDEX and crude palm oil on the Multi Commodity Exchange rose due to robust demand in the wholesale markets. Gains in key crude palm oil contracts on the Malaysian bourse also supported prices on the Indian exchange

Coriander down in Kota on low demand for new crop

Prices of coriander fell in Kota, the benchmark market, because of higher arrivals and weak demand for the new crop as it contains high moisture. Moisture content currently in the new crop is quite high than the desired level of 78%.