INR 82.87-0.05EUR 1.08346POUND 1.26662JPY 149.786CHF 0.87857AUD 0.65128CNY 7.194Gold 2035.53Silver 22.477DOLLEX 103.86193M USD SOFR 5.341256M USD SOFR 5.286871Y USD SOFR 5.09332Range for the day: 82.80 – 83.00 The domestic currency open around 82.87 levels, sustaining it’s range bound trade ahead of India’s GDP data release due today. On the other hand, the data released yesterday indicated …
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India Edible Oil: Mustard up on improving demand; groundnut down
Informist, Wednesday, Feb 28, 2024 MUMBAI – Prices of mustard seed rose today in Jaipur, Rajasthan, while those of soybean were steady in Indore, Madhya Pradesh, traders said. Prices of groundnut were down in Gondal, Gujarat, they added. “Mustard demand from oil millers is improving but not at a great pace. They are buying cautiously,” Mahesh Sameriya, Jaipur-based trader, said. “This improvement of 50–100 …
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India Sugar: Up in north, flat in Maharashtra as demand matches supply
Informist, Wednesday, Feb 28, 2024 MUMBAI – Ex-mill prices of sugar were quoted higher in key markets of Uttar Pradesh today, while these were steady in Maharashtra as demand was balanced with supply, said traders. Some mills in west and central Uttar Pradesh have quoted sugar prices higher by 10-20 rupees per 100 kg for March, said Naresh …
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India Grain: Wheat rises marginally on firm demand; maize flat
Informist, Wednesday, Feb 28, 2024 MUMBAI – Wheat prices rose marginally in key markets today because of high demand from traders, market participants said. Maize prices were steady on muted demand. In Indore, Madhya Pradesh, prices of WHEAT were 2,200-2,450 rupees per 100 kg, up 50 rupees from 2,200-2,400 rupees on the previous day, said Jitendra Panwar, a local trader. Wheat …
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Farmers protest: No plan for immediate talks, Munda says
Farmers likely to announce their next course of action tomorrow Union Agriculture Minister Arjun Munda said there is no immediate plan to resume the dialogue with protesting farmers, who are set to announce their next course of action on Thursday. Talks between the Centre and farmers ended inconclusive after four rounds. However, the Minister said …
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FCI sells 465,000 tn wheat today, total sales in 2023-24 top 9 mln tn
Informist, Wednesday, Feb 28, 2024 NEW DELHI – Food Corp of India today sold 465,000 tn of wheat under the Open Market Sales Scheme through its weekly electronic auctions, data accessed from the corporation showed. With this, total sales in 2023-24 (Apr-Mar) stand at a record 9.41 mln tn as of today, the data showed. At its …
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USDA January soy crush estimated at 196.6 million bushels
The U.S. soybean crush likely fell in January to 5.897 million short tons, or 196.6 million bushels, as extreme winter weather impeded operations at some facilities, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. If the estimate, gathered from eight analysts, is realized, it would be down …
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Soybeans edge lower on pressure from South American supply
Chicago soybean futures edged lower on Wednesday as cheap South American supply made U.S. beans less competitive in export markets and speculators bet on further price declines. Corn futures also fell as plentiful supply held prices near lows hit last week, while wheat was pressured by bumper Russian production looming over the market. The most …
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B100 Implementation Will Reduce Indonesia Palm Oil Export
JAKARTA – The government has been continually pushing for the implementation of biodiesel 35 percent (B35), which is a blending of 35 percent of fatty acid methyl ester (FAME) from palm oil with the fossil diesel fuel. The B35 program, which has been implemented by the government since February 2023 as an upgrading of the previous …
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Indonesia 2024 palm oil output seen rising by 5% year-on-year–GAPKI
Indonesia’s palm oil output this year is expected to rise by 5% year-on-year to 57.6 million metric tons as more newly matured crops come into fruition, the Indonesia Palm Oil Association (GAPKI) said on Tuesday. In 2023, palm oil output grew by 7% from the previous year to 54.84 million tons including 50.07 million tons …
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