SOPA has indicated a tight supply position of soybean

Ram Gopal Yadav (6 years ago)

SOPA has indicated a tight supply position of soybean with carry forward stock projected to be only one lakh tonne at the end of oil year 2017 18. The country’s soybean meal and soy product exports volume has been revised upwards to 15 lakh tonne from earlier estimate of 12.5 lt for 2017- 18 which has led to lowering of ending stocks. India’s soybean imports this year are likely to touch a record high of around 1 lakh tonne as domestic supply tightened due to low production.

Farm panel for hike of 440 rupees/100 kg in 2018-19 groundnut MSP

Ram Gopal Yadav (6 years ago)

The Commission for Agricultural Costs and Prices has recommended a hike of 440 rupees per 100 kg in the minimum support price of groundnut for 2018-19. For 2017-18, the government had fixed the support price of groundnut at 4,450 rupees per 100 kg, including a bonus of 200 rupees. For cotton, another major kharif crop, the panel has recommended a sharp hike of 1,130 rupees per 100 kg. It has suggested increasing the support price of medium-staple cotton to 5,150 rupees per 100 kg from 4,020 rupees a year ago, and that of long-staple cotton to 5,450 rupees from 4,320 rupees.

NCDEX coriander down for 10th day as imports continue

Ram Gopal Yadav (6 years ago)

Futures contracts of coriander fell for the 10th consecutive day on NCDEX and hit an over seven-month low of 4,362 rupees per 100 kg due to higher imports from Ukraine and Russia, and muted domestic demand. The most-active June contract was down 3.5%. Instead of buying Indian coriander, exporters are importing it from Ukraine and after processing, they are re-exporting it. Bulgaria is also offering their new crop that was harvested in April at very low prices when compared to India.