Commodity Soybean:
The commodity prices of soybean showed global trends to fall in Indian markets while chana prices lowered on arrivals and domestic demand. Soybean prices fell after US exports to China fell on scrapping of an order signaling importers may be switching to South American supplies.
Commodity exporters of U.S. sold 396,332 metric tons of soybeans from the first and second harvests in the week to Feb. 10, a 59 percent plunge from a week earlier, a report. It also in news that China, the biggest buyer, canceled a 120,000-ton purchase from the U.S. That would have been for delivery in the marketing year to Aug. 31.
Commodity Pepper:
India’s commodity pepper futures closed down at the end of the week on less export and domestic demand and on lower availability of commodity from the fresh crop. Pepper futures in midweek gained tracking weak overseas market and on limited stocks and tight supply. Export demand is weak because Vietnam is offering lower (rates) than India. But prices are unlikely to fall much from these levels.
On Friday, in Kochi spot market pepper edged down 6 rupees to end at 23,476 rupees per 100 kg due to weak exports.
In commodity futures market at NCDEX Pepper February contract opened this week at Rs.25589 and closed lower by 7.04 % to Rs 23785 while March contract fell by 6.01% from Rs.25040 to Rs 23535 and due to this India has slipped to the fourth position in the world commodity export market due to decline in the production since the past few years.
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| Commodity Soybean |
Commodity exporters of U.S. sold 396,332 metric tons of soybeans from the first and second harvests in the week to Feb. 10, a 59 percent plunge from a week earlier, a report. It also in news that China, the biggest buyer, canceled a 120,000-ton purchase from the U.S. That would have been for delivery in the marketing year to Aug. 31.
Commodity Pepper:
 |
| Commodity Pepper |
On Friday, in Kochi spot market pepper edged down 6 rupees to end at 23,476 rupees per 100 kg due to weak exports.
In commodity futures market at NCDEX Pepper February contract opened this week at Rs.25589 and closed lower by 7.04 % to Rs 23785 while March contract fell by 6.01% from Rs.25040 to Rs 23535 and due to this India has slipped to the fourth position in the world commodity export market due to decline in the production since the past few years.
