India coriander down on high imports

The trend for futures contracts of jeera, mentha oil and turmeric in the next five trading sessions is seen bullish, while coriander and cardamom contracts may post losses. On the National Commodity and Derivatives Exchange, prices of coriander may continue to decline as demand is very poor and imports are on a rise. Imports may rise from Ukraine as the country’s production is likely to double to 14,000-16,000 tn this year.

Ukraine soybean oil exports reached a record in 2017/18 season

Soybean oil exports in 2017/18 (September-March) reached a record 104.2 KMT that is up 3.3% on the year (100.9 KMT). Ukrainian soybean oil exports totaled 19.6 KMT in March 2018. This is as much as in the previous month but down 17.3% from March 2017, when export supplies from Ukraine hit an all-time high of 23.7 KMT. UkrAgroConsult expects 2017/18 soybean oil exports at record high level of 160 KMT.

Soybean up in Indore on CBOT cues, tight supply.

Soybean prices rose marginally in Indore tracking gains in bellwether contracts on the CBOT and lower-than-usual supplies. Average arrivals in the first week of May last were estimated at 50,000 bags. CBOT soybean was up on worries of lower output in Argentina and higher exports from the US.

Ukraine winter rapeseed plantings mostly in good and fair condition

The average daily air temperature climbed over 100? on April 1-10 (on April 11-22 in the northeasternmost areas), or 10-25 days ahead of the long-term average. At the time, precipitation in Sumy, Kharkiv, Dnipropetrovsk, Donetsk regions amounted to 54-69% of normal (7-9 mm). Odesa, Cherkasy, Zakarpattya regions, most parts of Mykolaiv, Kherson, Kirovohrad regions and single areas in Kyiv, Chernihiv, Vinnytsia, Lviv and Rivne regions received no precipitation at all. Winter rape plantings are at the stages of stem growth, emergence of inflorescence, and even at the beginning of bloom in some southern areas. Their condition is mostly good and fair, being poor in some northern areas

Russian rapeseed exports hit an all-time high

Russian rapeseed exports in July-February 2017/18 expanded to 178.8 KMT that is already almost three times as much as for the whole of MY 2016/17 (68.7 KMT). In addition, this is an all-time high for this period. Rapeseed supplies from Russia totaled 5.1 KMT in February 2018 that was down 39% from January 2018 (8.4 KMT) and down 9% from February 2017 (5.6 KMT). The top rapeseed importers were China (56% of total exports) and Mongolia (20%).

Mustard up in Jaipur on demand from oil millers

Prices of mustard seed rose in Jaipur on demand from oil-millers. On NCDEX, the most-active May contract was at 3,800 rupees per 100 kg, up 12 rupees. Short covering by market participants along with gains in spot markets led to a rise in May contract.