NCDEX coriander hits 1-week high as local demand rises

Ram Gopal Yadav (6 years ago)

Futures contracts of coriander on NCDEX extended gains and hit a one-week high of 4,895 rupees per 100 kg because of demand from local stockists. June contract of coriander on NCDEX was up 0.8%. Upside in coriander futures, however, is likely to be capped around 4,920 rupees per 100 kg due to higher inventories.

NCDEX raises coriander stockholding limit to 3,000 tn vs 1,000 tn

Ram Gopal Yadav (6 years ago)

The National Commodity & Derivatives Exchange has raised the stockholding limit for coriander to 3,000 tn for additional charges from 1,000 tn earlier. The limit will be applicable from Friday. The move by the exchange is to encourage deposits against the open interest positions of clients.

China’s soybean imports predicted to edge down

Ram Gopal Yadav (6 years ago)

China’s soybean imports from October 2018 to September 2019 are expected to edge down from a year earlier due to increased output and slower consumption growth. China is predicted to import 95.65 million tons of soybeans in the period, down 0.3 percent year-on-year. Soybean output in the country is expected to grow 4.9 percent year-on-year to 15.27 million tons, as subsidies will encourage farmers to expand planting. Meanwhile, falling pork prices will slow down the demand growth for soymeal as feed. Between October 2017 and September 2018, soybean output is predicted to grow 12.4 percent year-on-year to 14.55 million tons. China’s soybean imports totaled 95.53 million tons in 2017, the highest worldwide.

Brazil becomes world’s largest soybeans producer for the first time

Ram Gopal Yadav (6 years ago)

Brazil will surpass the United States as the largest producer of soybeans this year, taking over the top ranking for the first time in history. The U.S. is expected to harvest 116.48 million tons of soybeans later on in 2018, falling short of Brazil’s estimated collection of 117 million tons for its crop year that is just drawing to a close. Brazil, already the world’s largest soybean exporter, is expected to expand this lead in the coming years thanks to its unique ability to expand planted area.

Soybean tad down in Indore on subdued buys, CBOT cues

Ram Gopal Yadav (6 years ago)

Prices of soybean in Indore were down despite lower arrivals because of subdued demand and weakness in bellwether contracts on CBOT. In Indore, the benchmark market for the oilseed, soybean was sold down 20-25 rupees. Weak demand from oilseed crushers weighed on prices. The most active June contract of soybean on the NCDEX was down 10 rupees.