Castor oil export during week ending 20th Dec-2015 increased by47 % from 10606.6 to 15693.28 tonne at an Average FoB price of $1335.78 per T. India had exported 35434.25 tonne oil in last three weeks in Dec-2015. Price realization too has increased by 1.16 percent last week. As prices of seed are expected to decrease, FoB quotes are bound to trade weak once again in the near term.
B,desh Invites International Tenders To Import 50,000 T Wheat
B,desh has issued an international tender to import 50,000 tonnes of milling wheat. The deadline for this offer is 10th of January-2016.Bid winners have to deliver wheat within 40 days of the signing of the contract.The tender called for wheat with at least 12.5 percent protein and a minimum test weight of 76 kilos per hectoliter.Around 1.25 lakh tonne wheat has been rejected due to quality reasons in last four weeks.Wheat imported from Brazil was rejected ealier.French wheat too was found below quality norm in recent weeks.
Export Premium For US Wheat Stayed Steady Due To End Of Year Holidays
Export premiums for wheat shipped from the US Gulf Coast were steady in light dealings as many traders were absent from the market for end-of-year holidays.US wheat export demand is facing headwinds from ample world supplies and a strong dollar, which makes the grain more expensive for those buying with other currencies. Egypt’s GASC is seeking cargoes of wheat from various origins for shipment January 21-31. Results of the snap tender are expected by this weekend. Traders are not expecting US wheat to be offered in the tender due to uncompetitive prices.Traders continue to monitor grain sales in Argentina, which have been lighter than anticipated following the peso devaluation, cuts to export taxes and an expected lifting of wheat and corn export quotas. Any increase in sales of stored grain would challenge US supplies in the world market.
Cardamom Futures January Contract Hit Upper Circuit Level
Cardamom January future market up by 3.99% (High –708.90/Kgs) on Tuesday.
Export demand continued in the spot market for grade variety cardamom. Exporters have bought an estimated 80 tonnes of cardamom last week.
Cotlook Fell By More Than 20% In 2014-15: ICAC
According to the latest report of ICAC, average Cotlook A index during the season 2014-15 stood at 71 cents per pound, around 22% lower when compared to the index previous year which was 91 cents per pound and around 19% lower when compared to the price during previous to last season which was 88 cents per pound.